Financial Performance - Operating revenue for Q1 2023 was CNY 510,871,806.36, representing a decline of 46.79% year-over-year[11] - Net profit attributable to shareholders for Q1 2023 was a loss of CNY 32,209,623.73, a decrease of 157.17% compared to the same period last year[11] - Basic earnings per share for Q1 2023 were -CNY 0.25, a decline of 136.23% compared to CNY 0.69 in the previous year[12] - Total operating revenue for Q1 2023 was approximately ¥510.87 million, a decrease of 46.8% compared to ¥960.12 million in Q1 2022[39] - Net profit for Q1 2023 was a loss of approximately ¥60.01 million, compared to a profit of ¥75.47 million in Q1 2022, representing a significant decline[41] - The company reported a total comprehensive loss of approximately ¥60.01 million in Q1 2023, compared to a comprehensive income of ¥75.47 million in Q1 2022[41] Cash Flow - The net cash flow from operating activities for Q1 2023 was a negative CNY 110,295,068.68, down 227.80% year-over-year[11] - In Q1 2023, the cash inflow from operating activities was CNY 458,421,041.82, a decrease of 27.7% compared to CNY 634,447,776.97 in Q1 2022[46] - The net cash flow from operating activities turned negative at CNY -110,295,068.68 in Q1 2023, compared to a positive CNY 86,305,149.30 in Q1 2022[46] - Cash outflow from investing activities was CNY 114,569,955.88 in Q1 2023, significantly higher than CNY 64,589,774.39 in Q1 2022[48] - The net cash flow from investing activities was CNY -112,801,654.82 in Q1 2023, worsening from CNY -60,434,829.93 in Q1 2022[48] - Cash inflow from financing activities increased to CNY 164,137,844.69 in Q1 2023, up from CNY 99,585,984.12 in Q1 2022, marking a 64.7% increase[48] - The net cash flow from financing activities was CNY 119,299,395.34 in Q1 2023, compared to CNY 59,575,091.85 in Q1 2022, indicating a 100.5% increase[48] - The ending cash and cash equivalents balance decreased to CNY 154,814,430.26 in Q1 2023 from CNY 352,989,798.62 in Q1 2022, a decline of 56.1%[48] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 4,416,077,110.79, a decrease of 0.33% compared to the end of 2022[11] - The company’s total liabilities to assets ratio was 72.61% as of March 31, 2023, compared to 72.05% at the end of 2022[11] - The total current assets as of March 31, 2023, amounted to CNY 2,215,828,548.68, a decrease from CNY 2,394,038,772.76 as of December 31, 2022, representing a decline of approximately 7.47%[31] - The total liabilities and shareholders' equity as of March 31, 2023, were not explicitly stated but are critical for assessing the company's financial health[30] - Total liabilities increased to CNY 3,206,513,100.23 from CNY 3,192,307,575.95, an increase of about 0.44%[33] - Shareholders' equity decreased to CNY 1,209,564,010.56 from CNY 1,238,245,247.82, a decline of approximately 2.32%[33] Operational Insights - The decline in operating revenue was primarily due to decreased demand in the lithium battery business, influenced by overseas inflation and inventory destocking by major clients[13] - The company recognized a total non-recurring profit and loss of CNY 10,886,858.42 for the reporting period[15] - The weighted average return on equity based on net profit attributable to shareholders was -3.23% for Q1 2023, down from 5.59% in the previous year[12] - The company is actively developing new application scenarios for its lithium battery products, which are still in the early stages and have not yet achieved large-scale shipments[13] - The company reported a significant acquisition of 61.6981% equity in Shenzhen Juheyuan Technology Co., Ltd., with details disclosed in announcements on March 16 and March 23, 2023[27] - The company is focused on expanding its market presence and enhancing its product offerings through strategic acquisitions and partnerships[27] Research and Development - Research and development expenses increased to approximately ¥32.44 million in Q1 2023, up 7.1% from ¥30.25 million in Q1 2022[40] Financial Management - Financial expenses rose sharply to approximately ¥14.20 million in Q1 2023, compared to ¥4.58 million in Q1 2022, marking an increase of 209.5%[40] - Other income for Q1 2023 was approximately ¥11.68 million, significantly higher than ¥3.41 million in Q1 2022, indicating improved performance in this area[40] - Investment income for Q1 2023 was approximately ¥437,016, a decrease of 77.7% from ¥1.95 million in Q1 2022[40]
长虹能源(836239) - 2023 Q1 - 季度财报