航天机电(600151) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,301,098,768.27, representing a year-on-year increase of 26.38%[4] - The net profit attributable to shareholders of the listed company was -¥23,437,616.18, indicating a loss compared to the previous year[4] - The net profit attributable to shareholders of the parent company for Q1 2023 was -23,437,616.18 RMB, compared to -17,414,866.95 RMB in Q1 2022, indicating a decline in profitability[18] - The net profit for Q1 2023 was a loss of ¥23,690,652.91, compared to a loss of ¥25,501,893.67 in Q1 2022, showing an improvement of 7.1%[33] - The company reported a comprehensive income total of -28,711,025.31 RMB for Q1 2023, compared to -54,850,498.44 RMB in Q1 2022, indicating an improvement in overall performance despite losses[18] Cash Flow - The net cash flow from operating activities was -¥420,845,441.29, a significant decrease of 365.72% year-on-year[4] - The cash flow from operating activities showed a significant decline of 365.72% due to increased payments for goods and the maturity of bills from the previous year[25] - The cash flow from operating activities for Q1 2023 was negative at -¥420,845,441.29, a decline from a positive cash flow of ¥158,381,595.63 in Q1 2022[46] - The cash received from operating activities totaled ¥1,960,433,164.44 in Q1 2023, down from ¥2,025,018,395.32 in Q1 2022, a decrease of 3.2%[46] Assets and Liabilities - The total current assets as of March 31, 2023, amounted to ¥5,607,086,502.79, an increase from ¥5,357,775,153.27 at the end of 2022[14] - The total non-current assets as of March 31, 2023, were ¥536,711,310.60, slightly up from ¥528,373,523.51 at the end of 2022[14] - The total assets increased by 2.33% from 11,173,754,060.98 RMB at the end of the previous year to 11,434,568,134.14 RMB at the end of Q1 2023[22] - The company's total liabilities increased to 4,694,555,274.26 RMB in Q1 2023 from 4,469,304,947.86 RMB in Q1 2022, showing a rise in financial obligations[18] - The total liabilities as of the end of Q1 2023 were ¥920,478,604.62, compared to ¥936,700,465.19 at the end of Q1 2022, reflecting a decrease of 1.7%[31] - The total equity attributable to shareholders was ¥5,328,729,488.22 in Q1 2023, slightly down from ¥5,343,316,004.88 in Q1 2022, a decrease of 0.3%[31] Earnings and Expenses - The basic earnings per share for the period was -¥0.0163, reflecting a loss situation[4] - The diluted earnings per share for Q1 2023 was -0.0163 RMB, compared to -0.0121 RMB in Q1 2022, reflecting a worsening in earnings per share[18] - The total operating costs for Q1 2023 were ¥2,330,311,788.84, up from ¥1,863,988,990.67 in Q1 2022, indicating a rise of 25.0%[33] - Research and development expenses increased to ¥56,439,854.18 in Q1 2023 from ¥42,004,080.94 in Q1 2022, marking a growth of 34.5%[33] - The company reported a financial expense of ¥1,010,125.13 in Q1 2023, significantly lower than ¥20,017,476.08 in Q1 2022, indicating a reduction of 94.9%[33] Government Support and Provisions - The company received government subsidies amounting to ¥1,784,984.64, primarily for research funding and financial support[6] - The company reported a recovery of bad debt provisions amounting to ¥2,800,000.00 during the period[6] Market and Development Focus - The company is focusing on expanding its market presence and enhancing its product development capabilities[11] - The company has not reported any significant new product developments or market expansions during this quarter[25] Cash and Financing Activities - Net cash flow from financing activities was $21,501,262.32, a decrease of 46.5% compared to $40,205,560.64 in the previous period[47] - Total cash inflow from financing activities amounted to $443,716,604.82, down from $934,575,980.17, representing a decline of 52.5%[47] - Cash outflow for debt repayment was $390,099,758.16, compared to $863,548,241.94, indicating a reduction of 54.8%[47] - The net increase in cash and cash equivalents was -$465,219,843.27, contrasting with an increase of $140,016,327.61 in the prior period[47] - The ending balance of cash and cash equivalents was $1,133,070,730.57, down from $1,172,665,209.26[47] - Cash flow from investment activities was -$61,896,923.61, reflecting a decrease in investment outflows[47] - The impact of exchange rate changes on cash and cash equivalents was -$3,978,740.69, compared to -$2,978,675.14 previously[47] - The company received $434,288,904.82 in borrowings, a decrease from $934,575,980.17, indicating a significant reduction in new debt[47] - Cash dividends and interest payments totaled $15,863,492.20, slightly up from $14,727,212.39[47] - The company raised $9,427,700.00 from minority shareholders, indicating continued interest in subsidiary investments[47]