MFSP(SH:600235)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 381,763,911.38, representing a decrease of 1.32% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was CNY 3,373,653.97, down 78.69% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,464,540.63, a decline of 90.38% compared to the previous year[5] - The net profit for Q1 2023 was CNY 3,373,653.97, a decrease of 78.7% compared to CNY 15,830,412.82 in Q1 2022[21] - Basic and diluted earnings per share were both CNY 0.010, down 77.78% from the same period last year[5] - The basic and diluted earnings per share for Q1 2023 were CNY 0.010, down from CNY 0.045 in Q1 2022, representing a decline of 77.8%[21] Cash Flow - The net cash flow from operating activities was CNY 9,662,556.99, a decrease of 71.59% year-on-year[5] - Cash flow from operating activities generated a net amount of CNY 9,662,556.99, a decrease of 71.5% from CNY 34,007,121.91 in the same period last year[23] - The company reported a total operating cash inflow of CNY 401,087,997.02, down 3.1% from CNY 417,292,642.67 in the previous year[23] - The total operating cash outflow was CNY 391,425,440.03, an increase of 2.8% compared to CNY 383,285,520.76 in Q1 2022[23] - The company’s financing activities resulted in a net cash flow of CNY 13,313,724.91, contrasting with a net outflow of CNY 21,547,002.27 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,187,187,491.46, an increase of 1.69% from the end of the previous year[6] - Total assets amounted to CNY 2,187,187,491.46 as of March 31, 2023, compared to CNY 2,150,860,358.91 at the end of 2022[16] - Total liabilities increased to CNY 777,378,426.43 as of March 31, 2023, up from CNY 744,424,947.85 at the end of 2022[16] - Shareholders' equity reached CNY 1,409,809,065.03 as of March 31, 2023, slightly up from CNY 1,406,435,411.06 at the end of 2022[16] Operating Costs and Expenses - Total operating costs increased to CNY 382,468,781.68 in Q1 2023, up 2.2% from CNY 374,783,430.95 in Q1 2022[20] - Operating profit for Q1 2023 was CNY 3,481,660.15, down 77.2% from CNY 15,245,522.34 in Q1 2022[20] - Research and development expenses rose to CNY 13,968,813.63 in Q1 2023, compared to CNY 11,056,707.69 in Q1 2022, reflecting a 26.0% increase[20] Government Subsidies and Material Costs - The company received government subsidies amounting to CNY 1,977,158.65 during the reporting period[7] - The company reported a significant increase in raw material costs, particularly wood pulp, impacting profitability[7] Cash and Equivalents - Cash and cash equivalents increased to CNY 208,821,292.44 as of March 31, 2023, up from CNY 189,694,976.65 at the end of 2022[14] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 165,765,792.44, up from CNY 84,125,737.30 at the end of Q1 2022, indicating a growth of 96.9%[24] - The total cash outflow from investing activities was CNY 3,873,964.94, a decrease of 49.5% compared to CNY 7,663,153.12 in Q1 2022[24]