Liuguo Chemical(SH:600470)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,511,436,473.03, representing a decrease of 7.42% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 14,692,971.46, down 77.95% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,691,316.45, a decline of 83.56% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.03, down 76.92% from the same period last year[5]. - Net profit for Q1 2023 was CNY 23,148,466.40, a decline of 70.96% from CNY 79,504,312.36 in Q1 2022[16]. - In Q1 2023, the total comprehensive income attributable to the parent company was CNY 14,692,971.46, a decrease from CNY 66,627,306.85 in Q1 2022, representing a decline of approximately 78%[17]. Cash Flow - The net cash flow from operating activities was negative at CNY -323,440,291.61, a significant decrease of 638.35% year-on-year[5]. - Cash inflow from operating activities totaled CNY 1,296,659,543.05 in Q1 2023, down 30.5% from CNY 1,871,391,669.80 in Q1 2022[18]. - The cash outflow from operating activities was CNY 1,620,099,834.66 in Q1 2023, a decrease of 10.5% compared to CNY 1,811,312,224.45 in Q1 2022[18]. - The company reported a net cash flow from investing activities of CNY -155,862,552.26 in Q1 2023, worsening from CNY -38,632,141.18 in Q1 2022[18]. - Cash inflow from financing activities was CNY 997,707,625.19 in Q1 2023, an increase of 17.3% from CNY 850,957,408.33 in Q1 2022[18]. - The company’s cash flow from financing activities netted CNY 276,531,693.93 in Q1 2023, compared to CNY 94,428,902.58 in Q1 2022, indicating a significant increase[18]. Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 7,078,901,019.93, an increase of 1.20% from the end of the previous year[6]. - The total assets as of March 31, 2023, were CNY 7,078,901,019.93, compared to CNY 6,995,025,087.80 at the end of 2022, reflecting a growth of 1.19%[12]. - Total liabilities increased to CNY 5,138,680,531.34 from CNY 5,077,551,884.58, marking an increase of 1.20%[13]. - The equity attributable to shareholders of the listed company was CNY 1,817,721,264.85, up 0.81% from the end of the previous year[6]. Operational Metrics - Total revenue for Q1 2023 was CNY 1,511,436,473.03, a decrease of 7.41% compared to CNY 1,632,656,403.26 in Q1 2022[15]. - Total operating costs for Q1 2023 were CNY 1,479,114,267.53, down from CNY 1,560,582,416.48 in Q1 2022, reflecting a reduction of 5.21%[15]. - Research and development expenses for Q1 2023 were CNY 50,441,664.10, up from CNY 34,470,643.90 in Q1 2022, an increase of 46.38%[16]. - The company reported a decrease in management expenses to CNY 30,326,353.05 from CNY 38,222,726.22, a reduction of 20.73%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,344[8]. Other Financial Metrics - The weighted average return on net assets was 0.81%, a decrease of 3.24 percentage points compared to the previous year[5]. - The company experienced a foreign exchange loss of CNY -6,433,321.33 in Q1 2023, contrasting with a gain of CNY 79,827.04 in Q1 2022[18]. - The company's cash and cash equivalents decreased to CNY 1,843,093,934.94 from CNY 2,153,442,320.48, a drop of 14.43%[11]. - Accounts receivable increased to CNY 99,644,384.37 from CNY 84,503,822.32, representing an increase of 17.88%[11]. - Inventory rose to CNY 1,669,372,117.22, up from CNY 1,471,027,320.20, indicating an increase of 13.48%[11]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 623,217,700.61, up from CNY 504,130,167.81 at the end of Q1 2022[18].