华阳股份(600348) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥8,379,217,465.19, representing a decrease of 9.27% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company was ¥1,726,969,796.75, an increase of 32.58% year-on-year[3]. - Basic earnings per share were ¥0.72, reflecting a growth of 33.33% year-on-year[3]. - Total operating revenue for Q1 2023 was ¥8,379,217,465.19, a decrease of 9.3% from ¥9,235,116,767.14 in Q1 2022[16]. - Net profit for Q1 2023 increased to ¥1,892,161,055.91, up 24.0% from ¥1,528,272,926.15 in Q1 2022[16]. - Total profit for Q1 2023 was ¥2,526,900,055.57, up 25.3% from ¥2,016,608,365.72 in Q1 2022[16]. - Total comprehensive income for Q1 2023 was ¥1,890,205,558.26, an increase of 23.7% from ¥1,527,578,395.14 in Q1 2022[17]. - The net profit for Q1 2023 reached ¥935,477,209.36, representing an increase of about 41.2% from ¥660,869,041.65 in Q1 2022[23]. - The total comprehensive income for Q1 2023 was ¥935,477,209.36, compared to ¥660,869,041.65 in Q1 2022, marking an increase of approximately 41.2%[23]. Cash Flow - The net cash flow from operating activities reached ¥1,052,184,624.13, showing a significant increase of 138.16% compared to the previous year[3]. - Cash flow from operating activities for Q1 2023 was ¥1,052,184,624.13, significantly up from ¥441,789,628.11 in Q1 2022[18]. - The net cash flow from investing activities was -$709.57 million, compared to -$532.00 million in the previous period[19]. - The net cash flow from financing activities was $231.51 million, a significant improvement from -$181.31 million in the previous period[19]. - The net cash flow from operating activities for Q1 2023 was ¥246,315,373.24, a significant decrease from ¥853,343,487.93 in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥70,683,518,527.34, an increase of 1.09% from the end of the previous year[3]. - The total assets increased to CNY 70.68 billion as of March 31, 2023, compared to CNY 69.92 billion at the end of 2022, reflecting a growth of approximately 1.1%[14]. - The total liabilities decreased to CNY 38.68 billion from CNY 40.31 billion, indicating a reduction of approximately 4.0%[15]. - The total liabilities decreased to $25.72 billion from $27.87 billion, a reduction of about 7.7%[21]. - Current assets totaled $20.58 billion, down from $21.84 billion, indicating a decrease of about 5.8%[20]. Shareholder Information - The company had a total of 124,602 common shareholders at the end of the reporting period[7]. - The largest shareholder, Huayang New Materials Technology Group Co., Ltd., held 55.52% of the shares[7]. - The number of preferred shareholders at the end of the reporting period was 10, with the largest shareholder holding 8 million shares, accounting for 80% of the total[9]. Operational Efficiency - The increase in net profit was primarily due to enhanced internal management and optimized production processes[6]. - The company produced 11.57 million tons of coal and sold 10.71 million tons in the first quarter of 2023, generating sales revenue of CNY 728.05 million with an average selling price of CNY 679.95 per ton[11]. - The company reported a gross profit of CNY 361.26 million for the first quarter, with a gross margin reflecting strong operational efficiency[11]. Expenses - Research and development expenses for Q1 2023 were ¥36,883,229.67, an increase of 17.5% from ¥31,420,442.51 in Q1 2022[16]. - Tax expenses for Q1 2023 rose to ¥634,738,999.66, an increase of 30.0% from ¥488,335,439.57 in Q1 2022[16]. - The company incurred financial expenses of ¥35,112,653.08 in Q1 2023, a decrease from ¥77,283,281.52 in Q1 2022, indicating a reduction of approximately 54.7%[22]. Inventory and Borrowings - The company’s inventory stood at CNY 698.91 million, slightly up from CNY 698.06 million, indicating stable inventory management[13]. - The company’s long-term borrowings increased to CNY 12.89 billion from CNY 10.05 billion, showing a rise of approximately 28.3%[15]. - Long-term borrowings increased to $7.16 billion from $5.75 billion, representing a rise of approximately 24.5%[21]. - Inventory decreased to $257.33 million from $280.99 million, indicating a decline of approximately 8.5%[20].