航发科技(600391) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥741,403,333.46, representing a decrease of 1.27% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥10,827,360.13, with a basic earnings per share of -¥0.03[5][6]. - Total revenue for Q1 2023 was CNY 741,403,333.46, a decrease of 1.9% compared to CNY 750,943,819.54 in Q1 2022[18]. - Net profit for Q1 2023 was a loss of CNY 2,179,794.54, an improvement from a loss of CNY 17,342,563.87 in Q1 2022[19]. - The net profit attributable to the parent company for Q1 2023 was -10,827,360.13 RMB, compared to -24,630,475.95 RMB in Q1 2022, indicating an improvement[20]. - The total comprehensive income attributable to the parent company was -10,827,360.13 RMB in Q1 2023, compared to -24,630,475.95 RMB in Q1 2022[20]. - The basic and diluted earnings per share for Q1 2023 were both -0.03 RMB, improving from -0.07 RMB in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was -¥298,061,514.61, indicating a significant cash outflow[5]. - Cash inflows from operating activities totaled 649,059,404.89 RMB in Q1 2023, compared to 633,885,574.22 RMB in Q1 2022, reflecting a slight increase[22]. - Cash outflows from operating activities amounted to 947,120,919.50 RMB in Q1 2023, compared to 653,846,035.15 RMB in Q1 2022, resulting in a net cash flow from operating activities of -298,061,514.61 RMB[23]. - Cash inflows from investing activities were 1,175,100.00 RMB in Q1 2023, compared to 699,000.00 RMB in Q1 2022[24]. - Cash outflows from investing activities totaled 32,817,684.52 RMB in Q1 2023, compared to 20,817,003.03 RMB in Q1 2022, leading to a net cash flow from investing activities of -31,642,584.52 RMB[24]. - Cash inflows from financing activities reached 780,000,000.00 RMB in Q1 2023, significantly higher than 200.00 RMB in Q1 2022[24]. - The net cash flow from financing activities was 182,179,830.26 RMB in Q1 2023, compared to -61,906,854.99 RMB in Q1 2022, indicating a positive shift[24]. - The ending cash and cash equivalents balance for Q1 2023 was 171,198,697.91 RMB, up from 145,674,607.06 RMB in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,747,952,348.05, an increase of 5.55% from the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 6,747,952,348.05, up from CNY 6,393,422,840.54 at the end of 2022[17]. - Total liabilities increased to CNY 4,555,633,004.47 from CNY 4,202,082,933.34, reflecting a growth of 8.4%[17]. - The company's cash and cash equivalents decreased by 45.55% primarily due to increased material procurement and repayment of loans[7]. - Accounts receivable increased by 31.26% as revenue recognized by a subsidiary had not yet been collected[7]. - Accounts receivable increased to CNY 912,093,095.97 from CNY 694,874,607.58 as of December 31, 2022, reflecting a growth of 31.3%[15]. - Inventory rose significantly to CNY 3,017,491,175.81 from CNY 2,674,047,298.49, indicating a 12.8% increase[15]. - Short-term borrowings increased to CNY 377,285,352.21 from CNY 292,331,932.69, representing a 28.9% rise[16]. Research and Development - The company's R&D expenses increased by 43.65% due to higher spending on R&D projects during the period[8]. - The company reported R&D expenses of CNY 31,688,355.09 in Q1 2023, an increase of 43.5% compared to CNY 22,059,878.80 in Q1 2022[19]. Capital Changes - The company completed the capital increase registration for its wholly-owned subsidiary, Sichuan Fast Mechanical Manufacturing Co., Ltd., on January 31, 2023[12]. - The company also completed the capital increase registration for its subsidiary, China Aviation Harbin Bearing Co., Ltd., on March 29, 2023[12]. Return on Equity - The weighted average return on equity was -0.71% for the reporting period[6].