CSSC Holdings(SH:600150)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥13.11 billion, representing a decrease of 30.93% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was approximately ¥51.96 million, down 16.47% year-on-year[4]. - The basic and diluted earnings per share were both ¥0.010, reflecting a decline of 16.67% compared to the previous year[5]. - The company reported a net profit margin decline, with net profit for Q1 2023 not specified but indicated by the decrease in operating revenue and costs[17]. - In Q1 2023, the company reported a net profit of CNY 42,373,588.04, a decrease of 26.3% compared to CNY 57,536,639.46 in Q1 2022[18]. - The total profit for Q1 2023 was CNY 57,730,480.89, down 18.1% from CNY 70,440,955.99 in the same period last year[18]. - The company's operating profit for Q1 2023 was CNY 52,646,871.91, a decline of 23.6% from CNY 68,966,296.54 in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥165.31 billion, an increase of 1.66% from the end of the previous year[5]. - The company's total assets increased to ¥165,311,446,069.40 in Q1 2023 from ¥162,612,221,825.62 in Q1 2022, reflecting a growth of approximately 1.1%[16]. - Total liabilities rose to ¥115,623,675,196.46 in Q1 2023, compared to ¥112,324,408,019.88 in Q1 2022, marking an increase of about 2.0%[15]. - The company's equity attributable to shareholders decreased to ¥45,569,960,751.29 in Q1 2023 from ¥45,854,862,547.79 in Q1 2022, a decline of approximately 0.6%[16]. - The total equity of the company, including minority interests, was ¥49,687,770,872.94 in Q1 2023, down from ¥50,287,813,805.74 in Q1 2022, indicating a decrease of approximately 1.2%[16]. Cash Flow - The net cash flow from operating activities was approximately -¥2.25 billion, indicating increased cash outflows due to higher production inputs and payments for goods and services[4][9]. - Cash flow from operating activities in Q1 2023 was negative at CNY -3,003,525,751.54, compared to CNY -2,234,998,475.54 in Q1 2022[19]. - The company generated CNY 12,197,856,402.77 in cash inflows from operating activities, down 9.6% from CNY 13,492,197,203.11 in the previous year[19]. - Cash outflows from operating activities totaled CNY 15,201,382,154.31, a slight decrease from CNY 15,727,195,678.65 in Q1 2022[19]. - The company reported a net cash flow from investing activities of CNY 1,025,536,511.12, a significant improvement from CNY -5,045,406,120.83 in Q1 2022[20]. - Cash inflows from investing activities reached CNY 10,524,475,879.15, compared to CNY 2,845,968,868.65 in the same period last year[20]. - The company raised CNY 9,200,000,000.00 through financing activities in Q1 2023, up from CNY 3,933,877,000.00 in Q1 2022[20]. - The ending cash and cash equivalents balance was CNY 24,485,932,269.01, compared to CNY 19,836,206,369.70 at the end of Q1 2022[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 178,364[10]. - The largest shareholder, China Shipbuilding Industry Group Co., Ltd., holds 1,988,828,693 shares, representing 44.47% of total shares[10]. - The company has released 2,029,120,994 shares from lock-up restrictions on March 30, 2023, related to asset acquisition transactions[12]. - The company has no reported pledges, markings, or frozen shares among its top shareholders[10]. - The top ten shareholders include several state-owned entities, indicating a strong government presence in ownership[10]. - The company has not disclosed any related party transactions or financing activities involving the top shareholders[11]. Operational Costs and Expenses - Total operating costs for Q1 2023 were ¥9,044,610,328.95, down from ¥13,177,047,154.42 in Q1 2022, indicating a reduction of about 31.1%[17]. - Research and development expenses for Q1 2023 were ¥408,674,109.79, slightly down from ¥451,822,683.56 in Q1 2022, showing a decrease of about 9.5%[17]. - The company's contract liabilities increased to ¥51,068,013,966.62 in Q1 2023 from ¥49,483,614,348.80 in Q1 2022, representing a growth of approximately 3.2%[15]. - Long-term borrowings rose significantly to ¥14,945,570,067.69 in Q1 2023 from ¥10,943,446,200.81 in Q1 2022, an increase of about 36.5%[15]. - Non-recurring gains and losses totaled approximately ¥79.85 million, with significant contributions from government subsidies and fair value changes[8]. - The company reported a decrease in government subsidies and fair value changes, impacting the net profit attributable to shareholders after deducting non-recurring gains and losses[9].