冠豪高新(600433) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,625,328,301.03, representing a decrease of 5.40% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 7,937,834.84, down 79.24% year-on-year[5]. - Basic earnings per share were CNY 0.0043, reflecting a decrease of 94.32% year-on-year[5]. - Total revenue for Q1 2023 was CNY 1,625,328,301.03, a decrease of 5.4% compared to CNY 1,718,166,155.89 in Q1 2022[18]. - Net profit for Q1 2023 was CNY 3,494,862.34, a significant decline of 95.1% from CNY 70,874,234.99 in Q1 2022[20]. - Earnings per share for Q1 2023 were CNY 0.0043, compared to CNY 0.0757 in Q1 2022, reflecting a decrease of 94.3%[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -584,154,914.96, a decline of 283.78% compared to the previous year[5]. - The net cash flow from operating activities was -584,154,914.96, compared to 317,857,945.48 in the previous year, indicating a significant decline[23]. - Cash received from sales of goods and services in Q1 2023 was CNY 1,476,741,353.25, down 9.1% from CNY 1,625,766,922.75 in Q1 2022[22]. - The net cash flow from investing activities was -35,734,753.31, an improvement from -216,213,446.03 in the previous year[23]. - Cash and cash equivalents at the end of the period totaled 727,334,999.66, slightly down from 709,157,116.53 year-over-year[24]. - The company incurred cash outflows of 2,063,786,522.21 from operating activities, compared to 1,326,712,636.40 in the previous year, reflecting increased operational costs[23]. - Cash received from other operating activities amounted to 2,890,254.00, compared to 18,803,659.13 in the previous year, showing a decrease[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,106,858,191.87, an increase of 2.10% from the end of the previous year[6]. - The company's current assets totaled ¥4,840,136,318.46, compared to ¥4,694,819,847.35 at the end of 2022, indicating an increase of about 3.1%[15]. - The total liabilities as of Q1 2023 were CNY 2,920,104,716.56, an increase from CNY 2,722,708,920.16 in the previous year[19]. - Total current liabilities decreased to ¥2,503,281,299.48 from ¥2,612,484,036.61, a reduction of approximately 4.2%[16]. - Total equity attributable to shareholders was CNY 5,302,565,060.47, slightly up from CNY 5,287,865,028.71 in Q1 2022[19]. Borrowings and Financing - The company experienced a significant increase in short-term borrowings by 47.90% during the reporting period[8]. - Short-term borrowings increased to ¥1,171,000,000.00 from ¥791,755,846.49, representing a rise of about 48.0%[16]. - Total cash inflow from financing activities was 845,216,028.49, up from 478,341,644.17 year-over-year[24]. - The total cash outflow for financing activities was 364,536,055.10, compared to 567,561,426.02 in the previous year, indicating reduced financing costs[24]. - The company received 839,657,528.49 in borrowed funds, significantly higher than 327,815,144.17 in the previous year[24]. Inventory and Expenses - Inventory increased by 35.86%, indicating a rise in raw materials and finished goods[8]. - Inventory increased significantly to ¥1,475,255,907.96 from ¥1,085,894,094.43, which is an increase of approximately 36.0%[15]. - Research and development expenses increased to CNY 83,378,850.84 in Q1 2023, up 12.0% from CNY 74,033,048.27 in Q1 2022[19]. - The company paid 131,713,492.15 in employee compensation, down from 149,989,761.94 in the previous year[23]. Other Notable Points - The company has ongoing development expenditures of ¥5,856,280.36, up from ¥3,785,559.73, reflecting an increase of approximately 54.7%[16]. - The company reported a long-term investment of ¥692,316,468.99, slightly up from ¥686,204,222.88, indicating a growth of about 0.2%[16]. - The company has no significant new product launches or technological advancements reported in the current quarter[14]. - The company reported a financial expense of CNY -4,107,220.39 in Q1 2023, a significant improvement from CNY 7,345,046.06 in Q1 2022[19]. - The impact of exchange rate changes on cash and cash equivalents was 158,437.08, compared to -1,750,926.90 in the previous year, indicating a positive shift[24].