FSSS(SH:600399)2023-04-27 16:00Financial Position - Total current assets as of March 31, 2023, amounted to ¥6,394,170,439.62, a decrease from ¥6,487,069,431.76 as of December 31, 2022, reflecting a decline of approximately 1.43%[6] - Total liabilities as of March 31, 2023, were ¥2,669,948,714.42, down from ¥2,729,452,760.39, indicating a decrease of about 2.18%[9] - The company reported a total asset value of ¥11,785,430,212.05, slightly down from ¥11,787,611,253.41 as of December 31, 2022[9] - The company's total liabilities decreased to ¥5,670,776,161.91 from ¥5,733,238,004.20 in the previous year[11] - The total assets of the company were reported at ¥11,785,430,212.05, slightly down from ¥11,787,611,253.41 in the previous year[11] - The total equity attributable to shareholders increased to ¥6,114,654,050.14 from ¥6,054,373,249.21 year-over-year[11] - The total equity attributable to shareholders increased by 1.00% to 6,114,654,050.14 RMB compared to the previous year-end[28] Cash Flow - Cash and cash equivalents decreased to ¥1,199,767,371.74 from ¥1,783,106,313.81, representing a decline of about 32.66%[6] - Cash and cash equivalents at the end of the period were 428,707,825.97 RMB, down from 561,723,049.77 RMB at the end of the previous year[22] - The net cash flow from operating activities for Q1 2023 was -686,998,333.63 RMB, a significant decrease compared to 71,587,726.70 RMB in Q1 2022[20] - The cash inflow from investment activities was 202,755,400.00 RMB, compared to 114,595,719.58 RMB in the same period last year[22] - The cash outflow from investment activities totaled 110,623,166.03 RMB, a decrease from 576,693,678.93 RMB in Q1 2022[22] - The company reported a cash flow from financing activities net amounting to -18,820,869.54 RMB, contrasting with a positive flow of 76,232,602.68 RMB in the previous year[22] - The company experienced a decrease in cash flow due to increased inventory levels and bills receivable[29] Revenue and Profitability - Total operating revenue for Q1 2023 reached ¥2,008,580,081.26, an increase of 10.3% compared to ¥1,822,069,624.01 in Q1 2022[14] - Total operating costs for Q1 2023 were ¥1,967,388,708.30, up from ¥1,757,508,539.07 in Q1 2022, reflecting a year-over-year increase of 11.9%[14] - Net profit for Q1 2023 was ¥60,222,965.85, a decrease of 29.5% from ¥85,411,027.84 in Q1 2022[16] - Net profit attributable to shareholders decreased by 29.49% due to rising costs of raw materials and energy, leading to a decline in gross profit[29] - Net profit after deducting non-recurring gains and losses fell by 38.23%, reflecting similar cost pressures[29] - The company reported a gross profit margin of approximately 2.1% for Q1 2023, compared to 4.5% in Q1 2022[14] - Basic earnings per share were CNY 0.0305, reflecting a decrease of 29.49%[32] - Diluted earnings per share were also CNY 0.0305, down 29.49% compared to the previous year[32] - The weighted average return on equity was 0.99%, a decline of 0.46 percentage points[32] Shareholder Information - The number of common shareholders at the end of the reporting period was 76,745, with the largest shareholder holding 29.25% of shares[2] Inventory and Receivables - The company’s inventory as of March 31, 2023, was ¥2,666,655,891.80, compared to ¥2,548,998,600.12 in the previous year, reflecting an increase of approximately 4.62%[6] - Accounts receivable increased to ¥414,047,337.65 from ¥372,954,793.99, showing an increase of approximately 10.99%[6] - The company’s accounts payable decreased to ¥1,038,353,965.70 from ¥1,065,612,620.53, reflecting a decline of approximately 2.55%[9] Research and Development - Research and development expenses for Q1 2023 amounted to ¥100,567,711.71, slightly up from ¥98,078,432.73 in Q1 2022[14] Deferred Income - Deferred income increased to ¥196,646,385.40 from ¥190,259,798.79 in the previous year, indicating a growth of 3.5%[11] Non-Operating Income and Expenses - Non-operating income and expenses totaled CNY 20,342,771.28, with various components contributing to this figure[34]