Keda Group(SH:600499)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 249,112.81 million, a decrease of 2.02% compared to the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was CNY 40,240.51 million, down 55.35% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 37,112.51 million, a decrease of 54.98% compared to the previous year[4]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.210, down 55.97% from the same period last year[4]. - The weighted average return on equity decreased by 8.86 percentage points to 3.51%[4]. - Total operating revenue for Q1 2023 was CNY 2,491,128,102.49, a decrease of 2.0% compared to CNY 2,542,544,372.48 in Q1 2022[19]. - Net profit for Q1 2023 was CNY 559,206,919.47, a decrease of 47.4% compared to CNY 1,061,700,871.72 in Q1 2022[20]. - Earnings per share for Q1 2023 was CNY 0.210, down from CNY 0.477 in Q1 2022[21]. - The total comprehensive income for Q1 2023 was CNY 297,348,992.65, compared to CNY 949,231,260.21 in Q1 2022[21]. Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2023 was negative CNY 48,451.53 million, a decline of 220.57% year-on-year[4]. - In Q1 2023, the company reported cash inflows from operating activities totaling CNY 2,031,274,005.25, a decrease of 17% compared to CNY 2,446,955,725.52 in Q1 2022[23]. - The net cash flow from operating activities was negative at CNY -484,515,317.51, worsening from CNY -151,140,744.20 in the same period last year[23]. - The company's cash and cash equivalents decreased from approximately 4.80 billion yuan at the end of 2022 to approximately 3.82 billion yuan by March 31, 2023[14]. - The company's cash and cash equivalents at the end of Q1 2023 stood at CNY 3,466,180,652.32, up from CNY 1,387,372,152.81 at the end of Q1 2022[24]. - Total cash inflows from financing activities reached CNY 2,106,562,815.77, a substantial increase from CNY 628,812,942.82 in the same quarter last year[24]. - The net cash flow from financing activities was CNY 1,308,178,350.10, compared to CNY 71,253,470.65 in Q1 2022, indicating a strong financing position[24]. Investments and Projects - The company recognized a loss of CNY 111,918.02 million from debt restructuring during the reporting period[5]. - The company held 30,563,538 shares in its repurchase account, accounting for 1.57% of the total share capital[9]. - The company's overseas building materials business achieved over 30% growth in both revenue and profit during the reporting period, with a steady increase in the proportion of overseas business revenue[10]. - The Senegal Phase II ceramic tile project commenced production in March 2023, and the Ghana sanitary ware project began production in April 2023, contributing to the strategic layout of "large building materials" in Africa[10]. - The lithium battery materials production line in Fujian with an annual capacity of 10,000 tons was put into operation during the reporting period, while the company is advancing the construction of two additional projects with a total capacity of 50,000 tons in Chongqing and Fujian[10]. - The company confirmed a net profit attributable to the listed company of 168 million yuan from its investment in Qinghai Salt Lake Lithium Industry, with total revenue of 557 million yuan and net profit of 386 million yuan for the quarter[10]. - The company plans to invest 1 billion yuan in a new production line for artificial graphite anode materials in Chongqing, aiming for an annual capacity of 50,000 tons[11]. - The company approved an investment of approximately 8.68 million USD for a building glass production project in Tanzania, with funding sourced from both equity and bank loans[11]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,195,196.33 million, an increase of 3.78% from the end of the previous year[4]. - Shareholders' equity attributable to the parent company was CNY 1,156,029.20 million, up 1.51% from the previous year[4]. - The company's total liabilities as of March 31, 2023, were approximately 11.06 billion yuan, reflecting a slight increase from the previous year[15]. - The company's total liabilities increased to CNY 8,235,681,873.87 in Q1 2023, compared to CNY 7,820,657,590.96 in Q1 2022[18]. - The company's non-current liabilities totaled CNY 2,769,918,248.27 in Q1 2023, an increase from CNY 1,790,979,615.09 in Q1 2022[18]. - The company's long-term equity investments increased to approximately 3.31 billion yuan from approximately 3.12 billion yuan year-over-year[15].