XSS(SH:600117)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,318,356,543.60, a decrease of 56.38% compared to CNY 3,020,552,968.44 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 246,645,309.49, representing a 24.56% increase in loss compared to a loss of CNY 198,282,309.07 in the previous year[3]. - The company's basic earnings per share for Q1 2023 was -CNY 0.24, compared to -CNY 0.19 in the same period last year, reflecting a 26.32% increase in loss per share[3]. - Net loss for Q1 2023 amounted to CNY 374,765,620.98, compared to a net loss of CNY 284,834,839.71 in Q1 2022, representing a 31.5% increase in losses[18]. - Total operating revenue for Q1 2023 was CNY 1,318,356,543.60, a decrease of 56.4% compared to CNY 3,022,100,609.84 in Q1 2022[17]. Cash Flow - The net cash flow from operating activities was CNY 53,667,593.41, down 22.54% from CNY 70,981,471.51 in the same period last year[3]. - In Q1 2023, the cash inflow from operating activities was approximately $607.34 million, a decrease of 54.4% compared to $1.33 billion in Q1 2022[21]. - The net cash outflow from operating activities was $53.67 million, down 22.5% from $69.28 million in the same period last year[22]. - Cash outflow for purchasing goods and services was $411.46 million, a reduction of 59.3% from $1.01 billion in Q1 2022[22]. - The ending balance of cash and cash equivalents was $80.77 million, a decrease from $195.29 million in Q1 2022[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 16,662,740,476.99, a decrease of 0.73% from CNY 16,785,474,237.84 at the end of the previous year[4]. - Total liabilities increased to CNY 16,470,513,548.20 in Q1 2023, up from CNY 16,222,891,579.11 in Q4 2022[15]. - The company's total equity decreased to CNY 192,226,928.79 in Q1 2023, down from CNY 562,582,658.73 in the previous quarter[15]. - The equity attributable to shareholders was negative CNY 1,099,514,294.91, a decline of 28.26% compared to negative CNY 857,278,876.46 at the end of the previous year[4]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 49,617[8]. - The largest shareholder, Xining Special Steel Group Co., Ltd., holds 369,669,184 shares, accounting for 35.37% of total shares[9]. Research and Development - Research and development expenses decreased by 37.60%, attributed to reduced investment in R&D projects compared to the previous year[6]. - Research and development expenses for Q1 2023 were CNY 98,535,617.32, a decrease of 37.6% compared to CNY 157,907,180.32 in Q1 2022[18]. Other Financial Metrics - The company reported a significant increase of 688.53% in other income, primarily from confirmed property tax reductions[6]. - The company reported a total of CNY 1,190,926,573.44 in other payables, which increased from CNY 932,622,165.36 in the previous quarter[15]. - The company’s deferred income tax assets stood at CNY 100,703,637.46, slightly down from CNY 100,996,297.90 in the previous quarter[15]. - The company has a long-term equity investment valued at ¥47,035,636.94, down from ¥70,529,713.32[13]. - The company has pledged 199,960,000 shares, indicating potential liquidity concerns[8]. - The company is subject to uncertainties regarding asset disposal and ecological restoration due to mining rights cancellation[10].