Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 57,686,439.75, representing an increase of 8.21% from CNY 53,308,872.04 in Q1 2022[9] - Operating revenue for Q1 2023 was CNY 261,085,134.50, a decrease of 1.34% compared to CNY 264,629,981.45 in the same period last year[9] - Total operating revenue for Q1 2023 was CNY 261,085,134.50, a decrease of 1.9% compared to CNY 264,629,981.45 in Q1 2022[29] - Total operating costs decreased to CNY 187,129,513.28 in Q1 2023, down 5.4% from CNY 197,817,330.73 in Q1 2022[29] - Operating profit for Q1 2023 was CNY 71,911,758.85, up 10.5% from CNY 65,471,651.90 in Q1 2022[30] - Basic and diluted earnings per share for Q1 2023 were CNY 0.18, down from CNY 0.23 in Q1 2022, a decrease of 21.7%[31] Assets and Liabilities - Total assets as of March 31, 2023, reached CNY 2,190,188,835.23, an increase of 1.07% compared to CNY 2,167,107,497.55 at the end of 2022[8] - Current assets decreased to CNY 781,872,152.63 from CNY 890,588,938.98, representing a decline of about 12.2%[25] - The company's cash and cash equivalents were CNY 250,295,793.80, down from CNY 454,230,025.31, indicating a decrease of approximately 44.8%[25] - Accounts receivable increased to CNY 148,316,437.16 from CNY 90,393,951.85, showing a growth of around 64.1%[25] - Total liabilities decreased to CNY 661,487,873.61 from CNY 715,019,702.91, a reduction of about 7.5%[26] - Short-term borrowings were reduced to CNY 170,000,000.00 from CNY 220,000,000.00, reflecting a decrease of approximately 22.7%[26] - Total liabilities decreased to CNY 793,993,025.45 in Q1 2023 from CNY 829,678,518.31 in Q1 2022, a reduction of 4.3%[27] Cash Flow - The net cash flow from operating activities decreased by 131.38% to -CNY 15,735,787.22, primarily due to a significant reduction in cash received from sales[10] - Cash flow from operating activities showed a net outflow of CNY -15,735,787.22 in Q1 2023, contrasting with a net inflow of CNY 50,151,273.70 in Q1 2022[33] - Cash outflow for investment activities in Q1 2023 was CNY 89,517,284.84, compared to CNY 973,856.21 in Q1 2022, indicating a significant increase in investment spending[33] - Total cash inflow from financing activities was $68,500,440, compared to $80,000,000 in the previous period[35] - Cash outflow for debt repayment was $155,498,541.12, an increase from $102,464,141.83[35] - Net cash flow from financing activities was -$89,251,159.45, worsening from -$27,099,712.60[35] - The net increase in cash and cash equivalents was -$194,504,231.51, contrasting with an increase of $22,077,704.89 previously[35] - The ending balance of cash and cash equivalents was $247,295,793.80, down from $441,800,025.31 at the beginning of the period[35] - Cash dividends and interest payments totaled $2,253,058.33, down from $4,378,570.78[35] - Total cash outflow from financing activities amounted to $157,751,599.45, compared to $107,099,712.60 previously[35] - The company experienced a significant decrease in cash reserves, reflecting a strategic shift in financing activities[35] - The company continues to manage its cash flow amid increased debt repayment obligations[35] Shareholder Information - The total number of ordinary shares outstanding is 324,661,590, with 6,745 shareholders[15] - The largest shareholder, China Pingmei Shenma Group Co., Ltd., holds 63,469,014 shares, representing 19.55% of total shares[16] Other Information - The company's debt-to-asset ratio remained stable at 36.25%, unchanged from the previous year[9] - The total non-recurring gains and losses for the period amounted to CNY 1,039,741.53, with a net amount after tax of CNY 779,806.15[13] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company has no significant litigation or arbitration matters reported during the period[21] - There were no major acquisitions or asset sales reported in the current quarter[21] - Research and development expenses increased significantly to CNY 8,650,533.57 in Q1 2023, compared to CNY 1,754,438.19 in Q1 2022, reflecting a growth of 392.5%[30] - The impact of exchange rate fluctuations on cash and cash equivalents was not detailed in the report[35]
硅烷科技(838402) - 2023 Q1 - 季度财报