赤天化(600227) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥495,668,175.06, representing a decrease of 13.97% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of ¥34,708,006.89, with no applicable percentage change due to the nature of the loss[5]. - The net profit for Q1 2023 was -¥9,663,627.67, an improvement from -¥13,889,564.74 in Q1 2022, indicating a reduction in losses[28]. - The company reported a net loss of CNY 1,823,250,207.87 for Q1 2023, compared to a net loss of CNY 1,788,542,200.98 in Q1 2022[16]. - The company incurred a total comprehensive loss of -41,348,153.15 RMB in Q1 2023, compared to -88,044,099.99 RMB in Q1 2022[19]. - Operating profit for Q1 2023 was -40,876,846.46 RMB, an improvement from -86,237,309.56 RMB in the same period last year[19]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥49,488,943.71, indicating a decrease in cash received from sales and services[6]. - Cash flow from operating activities for Q1 2023 was ¥51,237,580.35, an increase from ¥35,984,060.45 in Q1 2022, showing improved cash generation[29]. - Cash and cash equivalents increased to CNY 148,344,651.20 as of March 31, 2023, compared to CNY 94,557,360.29 at the end of 2022, representing a growth of 57.0%[13]. - The cash outflow for investment activities in Q1 2023 was -¥36,400,000.00, indicating ongoing investments despite previous losses[29]. - The net cash flow from financing activities in Q1 2023 was 136,837,180.56 RMB, compared to 162,654,079.22 RMB in Q1 2022[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,545,694,300.30, down 1.54% from the end of the previous year[6]. - Total liabilities decreased to CNY 1,801,365,530.91 from CNY 1,817,864,028.85 at the end of 2022, a reduction of 0.9%[15]. - The total assets as of Q1 2023 amounted to ¥2,961,032,741.96, a decrease from ¥3,052,497,124.63 in the previous year[26]. - The total liabilities for Q1 2023 were ¥246,837,273.65, down from ¥323,218,602.53 in Q1 2022, reflecting a reduction in financial obligations[26]. Shareholder Equity - The equity attributable to shareholders of the listed company decreased by 1.41% to ¥2,759,221,905.47 compared to the end of the previous year[6]. - The total equity attributable to shareholders was CNY 2,759,221,905.47 as of March 31, 2023, down from CNY 2,798,754,984.21 at the end of 2022[16]. - The total equity as of Q1 2023 was ¥2,714,195,468.31, slightly down from ¥2,729,278,522.10 in the previous year, reflecting stability in shareholder value[26]. Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 505,239,641.67, down 22.1% from CNY 649,054,625.74 in Q1 2022[18]. - Research and development expenses decreased to CNY 13,131,988.47 in Q1 2023, a reduction of 65.6% compared to CNY 38,180,899.23 in Q1 2022[18]. - The company reported a significant decrease in financial expenses, with Q1 2023 at ¥791,768.69 compared to ¥2,796,223.08 in Q1 2022, indicating better cost management[28]. Revenue Sources - The decrease in operating revenue was primarily due to the suspension of methanol production, resulting in no sales revenue from methanol during the reporting period[8]. - Total revenue from sales and services received in Q1 2023 was 441,388,329.01 RMB, down from 651,084,204.26 RMB in Q1 2022, representing a decrease of approximately 32.2%[22]. - The company reported non-operating income of ¥787,216.83, which includes government subsidies closely related to normal business operations[8]. Strategic Initiatives - The company plans to focus on new product development and market expansion as part of its strategic initiatives moving forward[28].