恒丰纸业(600356) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 633,857,946.72, representing a year-on-year increase of 15.98%[5] - The net profit attributable to shareholders for the same period was CNY 25,133,305.27, reflecting an increase of 11.06% compared to the previous year[5] - The basic earnings per share for Q1 2023 was CNY 0.08, which is a 14.29% increase year-on-year[5] - In Q1 2023, the company reported a net profit of CNY 25,693,382.85, an increase of 10.3% compared to CNY 23,361,819.19 in Q1 2022[20] - The operating profit for Q1 2023 was CNY 32,242,129.47, up from CNY 28,525,787.46 in the same period last year, reflecting a growth of 6.0%[20] - The company’s total revenue from operating activities was CNY 596,972,536.79, compared to CNY 432,700,854.94 in the previous year, indicating a growth of 37.9%[23] - The company’s diluted earnings per share for Q1 2023 were CNY 0.08, up from CNY 0.07 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -24,923,573.82, a decline of 183.11% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 24,923,573.82, a significant decrease from a net inflow of CNY 29,987,569.17 in Q1 2022[24] - The company generated CNY 591,582,654.70 in cash from sales, compared to CNY 428,515,667.47 in the previous year, marking a growth of 38.1%[23] - Total cash and cash equivalents at the end of Q1 2023 were CNY 284,018,636.75, down from CNY 250,771,362.90 at the end of Q1 2022[25] - Cash and cash equivalents as of March 31, 2023, were RMB 284,018,636.75, down from RMB 308,594,717.12 as of December 31, 2022[14] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 3,069,526,211.38, a slight increase of 0.32% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to RMB 3,069,526,211.38, slightly up from RMB 3,059,656,214.62 at the end of 2022[16] - Total liabilities decreased to RMB 580,965,483.45 in Q1 2023 from RMB 588,777,169.54 in Q4 2022, a reduction of 1.4%[16] - Shareholders' equity increased to RMB 2,488,560,727.93 as of March 31, 2023, compared to RMB 2,470,879,045.08 at the end of 2022, reflecting a growth of 0.7%[17] Expenses and Investments - Total operating costs for Q1 2023 were RMB 607,298,022.55, up 18.1% from RMB 514,211,267.62 in Q1 2022[19] - Research and development expenses increased by 37.73% due to higher trial production costs[8] - Research and development expenses increased to RMB 23,682,335.07 in Q1 2023, compared to RMB 17,194,224.36 in Q1 2022, reflecting a growth of 37.5%[19] - The company incurred financial expenses of CNY 4,704,104.66 in Q1 2023, a decrease from CNY 5,539,623.54 in Q1 2022[20] - Interest expenses were CNY 3,500,000.00 in Q1 2023, down from CNY 5,813,151.89 in the same quarter last year[20] - The company paid CNY 58,998,250.32 in employee compensation during Q1 2023, compared to CNY 48,801,306.38 in Q1 2022, reflecting an increase of 20.9%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,025[10] - The largest shareholder, Mudanjiang Hengfeng Paper Group Co., Ltd., holds 29.93% of the shares, amounting to 89,423,083 shares[11] Construction and Projects - The company reported a significant increase of 540.59% in construction in progress due to increased project investments[8]