南山铝业(600219) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥6.83 billion, representing a decrease of 22.83% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was approximately ¥518.94 million, down 28.12% year-over-year[4] - Basic and diluted earnings per share for Q1 2023 were both ¥0.04, reflecting a decrease of 33.33% year-over-year[4] - Total revenue for Q1 2023 was ¥6,834,479,105.87, a decrease of 22.8% compared to ¥8,856,557,442.46 in Q1 2022[22] - Net profit for Q1 2023 was ¥557,446,522.76, a decline of 32.1% from ¥820,499,078.51 in Q1 2022[22] - The total comprehensive income for Q1 2023 was ¥786,552,959.00, slightly up from ¥780,830,621.21 in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥309.76 million, a significant decline of 75.66% compared to the previous year[4] - Cash inflows from operating activities in Q1 2023 totaled ¥6,144,055,674.57, a decrease of 17.4% from ¥7,440,297,905.38 in Q1 2022[24] - The net cash flow from operating activities for Q1 2023 was ¥309,764,827.05, significantly lower than ¥1,272,640,955.12 in Q1 2022[24] - Cash outflows from investing activities in Q1 2023 amounted to ¥147,084,312.18, compared to ¥597,387,716.56 in Q1 2022[25] - The net cash flow from financing activities for Q1 2023 was -¥77,758,858.97, contrasting with a positive cash flow of ¥274,278,197.72 in Q1 2022[25] - The cash and cash equivalents at the end of Q1 2023 were ¥15,756,875,593.41, an increase from ¥15,618,859,706.79 at the end of Q1 2022[25] Assets and Liabilities - Total assets at the end of Q1 2023 were approximately ¥65.21 billion, an increase of 0.75% from the end of the previous year[5] - The company reported a total current assets of CNY 34,667,573,821.60 as of March 31, 2023, an increase from CNY 33,994,181,806.69 as of December 31, 2022, reflecting a growth of approximately 1.98%[19] - Total liabilities as of Q1 2023 were ¥14,406,165,466.51, a decrease from ¥14,707,583,713.35 in the previous quarter[21] - The company reported a significant reduction in accounts payable, which decreased to ¥2,576,176,975.45 from ¥3,125,287,139.38 in the previous quarter[20] Shareholder Equity - The equity attributable to shareholders increased to approximately ¥45.77 billion, up 1.48% from the end of the previous year[5] - The equity attributable to shareholders increased to ¥45,771,419,868.35 in Q1 2023 from ¥45,102,280,073.06 in Q1 2022[21] Market and Pricing - The average price of alumina in Q1 2023 was approximately ¥2,916 per ton, down about 4% year-over-year[9] - The average price of aluminum ingots in Q1 2023 was approximately ¥18,481 per ton, reflecting a decrease of about 16% compared to the same period last year[11] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this quarter's report[18] - There are no significant changes in the company's operational strategies or mergers and acquisitions reported for this quarter[18] - The company plans to focus on market expansion and new product development in the upcoming quarters[22] Other Financial Metrics - The weighted average return on equity was 1.18%, a decrease of 0.49 percentage points compared to the previous year[5] - Non-recurring gains and losses for the period totaled approximately ¥9.00 million, with government subsidies contributing ¥13.65 million[6] - Research and development expenses for Q1 2023 amounted to ¥341,955,972.74, a decrease of 22.9% compared to ¥443,223,917.55 in Q1 2022[22] - The company reported a tax effect of other comprehensive income amounting to ¥229,106,436.24 in Q1 2023, compared to a loss of ¥39,668,457.30 in Q1 2022[23] - The company did not apply new accounting standards or interpretations for the first time in 2023[27] Shareholder Concentration - The top two shareholders, Shandong Yili Electric Power Co., Ltd. and Nanshan Group Co., Ltd., hold 22.04% and 20.17% of shares respectively, indicating a significant concentration of ownership[13]