创新新材(600361) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥16,495,569,072.09, representing a year-on-year increase of 3.76%[4] - Net profit attributable to shareholders decreased by 31.32% to ¥265,789,556.20 compared to the same period last year[4] - Basic and diluted earnings per share were both ¥0.0664, down 42.48% from the previous year[4] - Total operating revenue for Q1 2023 reached ¥16,495,569,072.09, an increase of 3.77% compared to ¥15,897,300,094.45 in Q1 2022[15] - Total operating costs for Q1 2023 were ¥16,192,462,003.26, up from ¥15,402,344,349.56 in Q1 2022, reflecting a year-over-year increase of 5.14%[15] - Net profit for Q1 2023 was ¥265,789,556.20, a decrease of 31.24% from ¥386,969,645.20 in Q1 2022[16] - The total profit for Q1 2023 was ¥342,776,696.69, down from ¥495,775,974.17 in Q1 2022, indicating a decline of 30.77%[16] Cash Flow - The net cash flow from operating activities was negative at ¥126,516,726.26, an increase in outflow of 76.24% year-on-year[4] - Cash flow from operating activities showed a net outflow of ¥126,516,726.26 in Q1 2023, an improvement from a net outflow of ¥532,580,033.12 in Q1 2022[18] - The company reported a total cash inflow from operating activities of ¥19,213,879,587.24 in Q1 2023, compared to ¥18,337,012,361.08 in Q1 2022, representing an increase of 4.78%[18] - Net cash flow from investing activities was -$400.92 million, compared to -$81.34 million in the previous period, indicating a significant increase in investment outflows[19] - Cash inflow from financing activities totaled $1.88 billion, slightly down from $1.96 billion in the previous period[19] - Net cash flow from financing activities was $1.22 billion, a substantial increase from $281.73 million in the previous period[19] - The net increase in cash and cash equivalents was $689.29 million, contrasting with a decrease of $332.19 million in the previous period[19] - The ending balance of cash and cash equivalents reached $2.45 billion, up from $760.44 million in the previous period[19] - Cash received from borrowings amounted to $1.61 billion, compared to $711.50 million in the previous period, indicating a strong reliance on debt financing[19] - Cash paid for debt repayment was $455.55 million, significantly higher than $91.61 million in the previous period[19] - Cash paid for dividends and interest was $88.08 million, slightly up from $87.57 million in the previous period[19] - Total cash outflow from financing activities was $659.29 million, down from $1.68 billion in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥17,941,359,818.31, a 6.31% increase from the end of the previous year[5] - The company's current assets totaled RMB 11,612,923,963.40, compared to RMB 11,000,187,269.09 in the previous year, indicating an increase of about 5.58%[12] - Cash and cash equivalents amounted to RMB 4,036,738,134.17, up from RMB 3,832,098,244.78, representing a growth of approximately 5.34% year-over-year[12] - The company's short-term borrowings increased significantly to RMB 5,775,063,844.80 from RMB 4,523,049,738.03, marking a rise of about 27.77%[13][14] - The total liabilities of the company reached RMB 9,748,348,107.76, compared to RMB 8,955,454,565.20 in the previous year, reflecting an increase of approximately 8.85%[14] - The company's equity attributable to shareholders rose to RMB 8,193,011,710.55 from RMB 7,920,478,617.61, indicating a growth of about 3.44%[14] - Inventory levels increased to RMB 3,435,601,663.26 from RMB 3,111,241,064.50, representing a growth of approximately 10.43%[12] - The company reported accounts receivable of RMB 2,212,703,764.03, up from RMB 2,129,240,082.59, which is an increase of about 3.91%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,188[9] - Shareholders' equity attributable to the parent company increased by 3.44% to ¥8,193,011,710.55 compared to the end of the previous year[5] Research and Development - Research and development expenses decreased to ¥49,600,839.88 in Q1 2023 from ¥64,570,486.50 in Q1 2022, marking a reduction of 23.14%[15] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[11] Mergers and Acquisitions - There are no notable mergers or acquisitions reported in the current quarter[11] Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2023[20] Other Income - Other income increased significantly to ¥37,956,316.67 in Q1 2023, compared to only ¥2,663,267.36 in Q1 2022[15] Tax Expenses - The company’s tax expenses decreased to ¥76,987,140.49 in Q1 2023 from ¥108,806,328.97 in Q1 2022, a reduction of 29.29%[16] Return on Equity - The weighted average return on equity decreased by 4.56 percentage points to 3.2990%[4] Profit Attribution - The decline in net profit was attributed to macroeconomic cycles and a decrease in the proportion of high-end products sold[8] Non-recurring Gains and Losses - Non-recurring gains and losses amounted to ¥30,124,255.81, with government subsidies contributing ¥37,268,729.00[6][7]