PJRC(SH:600395)2023-04-19 16:00Financial Performance - In Q1 2023, the company reported a net profit of ¥362,140,723.64, a decrease of 30.4% compared to ¥520,139,558.30 in the same period last year[14] - The company's operating revenue for Q1 2023 was ¥2,791,389,822.68, with a gross profit of ¥796,047,100.45, reflecting a significant increase in coal sales volume[4] - The total operating profit for Q1 2023 was ¥393,069,059.79, down from ¥632,090,959.60 in Q1 2022[14] - The company’s earnings per share (EPS) for Q1 2023 was ¥0.163, down from ¥0.290 in the same period last year[15] - Net profit attributable to shareholders for Q1 2023 was CNY 346,558,612.24, down 16.4% from CNY 414,189,505.49 in Q1 2022[45] - The comprehensive income total for Q1 2023 was CNY 367,243,439.28, slightly down from CNY 375,253,360.47 in Q1 2022[45] - The company reported a net profit of CNY 0 for the quarter, indicating a challenging financial environment[70] Research and Development - Research and development expenses increased by 219.53% to ¥XX, driven by the expansion of R&D projects[4] - Research and development expenses increased significantly to CNY 46,512,876.94 in Q1 2023, compared to CNY 15,467,112.67 in Q1 2022, reflecting a growth of 200.5%[44] - Research and development expenses rose significantly to CNY 56,574,416.07, compared to CNY 17,705,557.31 in Q1 2022, marking an increase of 219.5%[76] Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant increase, with cash received from sales and services rising by ¥XX compared to the previous year[16] - Cash flow from operating activities increased to ¥601,320,229.14, up from ¥446,588,187.54, representing a growth of approximately 34.5% year-over-year[17] - The company's cash flow from operating activities for Q1 2023 was CNY 601,320,229.14, an increase of 34.65% compared to the same period last year[59] - Net cash flow from operating activities improved to CNY 617,785,260.69, up from CNY 225,292,627.90 in Q1 2022[81] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 4,100,338,809.35, compared to CNY 1,290,878,219.29 at the end of Q1 2022, reflecting a significant increase[82] - The company's cash and cash equivalents rose to ¥4,164,717,648.70 from ¥3,511,320,605.71, a growth of approximately 18.6%[19] Assets and Liabilities - The total assets of the company increased by 124.03% in prepayments, mainly due to increased advance payments for steel materials[4] - The total assets of the company at the end of the reporting period were CNY 31,630,961,757.62, representing a 5.28% increase from CNY 30,044,756,753.30 at the end of the previous year[59] - The company's total assets reached CNY 23,617,466,288.63, an increase from CNY 22,657,765,355.56 in the previous year[75] - The total liabilities increased to ¥11,691,451,189.42 from ¥11,275,949,219.09, reflecting a growth of approximately 3.7%[43] - Total liabilities rose to CNY 18.43 billion from CNY 17.46 billion, reflecting an increase of about 5.57%[66] - The total equity attributable to shareholders increased to CNY 12,094,829,925.97, up 5.02% from CNY 11,516,942,190.56 at the end of the previous year[59] - The total equity attributable to shareholders was CNY 13.20 billion, showing a slight decrease from CNY 13.25 billion, indicating a decline of approximately 0.38%[66] Investment Activities - The company recognized investment income of ¥43,160,730.40, up 140.22% from the previous year, primarily from equity investments[14] - The company achieved an investment income of CNY 48,492,687.60 in Q1 2023, compared to CNY 25,825,777.28 in Q1 2022, marking an increase of 87.5%[44] - Total cash inflow from investment activities was ¥1,100,129,285.73, compared to ¥1,520,000.00 in the previous period, indicating a significant increase in investment receipts[17] Operational Efficiency - The cash flow from operating activities increased significantly, indicating improved operational efficiency and revenue generation capabilities[17] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[4] Inventory and Receivables - Accounts receivable decreased slightly to ¥300,443,108.84 from ¥271,063,960.21, indicating a 10.9% increase in receivables[19] - Inventory levels decreased to ¥160,408,564.06 from ¥187,084,664.24, a reduction of about 14.2%[19] - Accounts receivable increased to CNY 399.18 million from CNY 345.50 million, representing a growth of about 15.50%[64] - The company reported a decrease in inventory from CNY 376.08 million to CNY 353.02 million, a decline of about 6.13%[64] Financing Activities - Cash flow from financing activities totaled ¥1,460,322,733.86, compared to ¥788,000,000.00 in the previous period, marking an increase of 85.2%[17] - The cash flow from financing activities showed a net inflow of CNY 371,259,359.52, compared to a net outflow of CNY 87,789,754.15 in Q1 2022[82] - The company distributed dividends totaling CNY 61,538,226.27, an increase from CNY 56,511,386.74 in the same quarter last year[72]