方大特钢(600507) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,175,133,578.75, representing a decrease of 20.20% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2023 was CNY 107,509,085.57, down 80.14% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 144,741,127.94, a decrease of 73.12% compared to the previous year[3]. - Basic earnings per share for Q1 2023 were CNY 0.050, down 80.00% compared to the same period last year[3]. - The net profit for Q1 2023 was RMB 105.88 million, a decrease from RMB 536.19 million in Q1 2022[29]. - The operating profit for Q1 2023 was RMB 130.21 million, down from RMB 663.50 million in the same period last year[29]. - The company's basic and diluted earnings per share for Q1 2023 were both RMB 0.05, compared to RMB 0.25 in Q1 2022[29]. - The company reported a fair value loss of RMB 71.00 million in Q1 2023, compared to a loss of RMB 3.33 million in Q1 2022[29]. - Total operating revenue for Q1 2023 was ¥4,175,133,578.75, a decrease of 20.2% compared to ¥5,232,187,319.32 in Q1 2022[43]. - Total operating costs for Q1 2023 were ¥4,031,155,717.46, down 12.1% from ¥4,589,516,706.63 in Q1 2022[43]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 512,647,395.31, a decline of 117.06% year-on-year[3]. - In Q1 2023, the cash inflow from operating activities was CNY 4,052,928,432.02, a decrease of 52.4% compared to CNY 8,511,161,361.71 in Q1 2022[30]. - The net cash flow from operating activities was negative at CNY -512,647,395.31, contrasting with a positive CNY 3,005,140,057.98 in the same period last year[30]. - The total cash inflow from investment activities was CNY 301,273,311.58, down from CNY 419,548,003.95 in Q1 2022[30]. - Cash received from tax refunds increased to CNY 15,380,569.49 in Q1 2023, compared to CNY 5,859,105.04 in Q1 2022, reflecting improved tax recovery efforts[30]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥4,400,113,696.01, down from ¥10,359,587,523.23 at the end of Q1 2022[47]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 18,902,168,426.12, an increase of 8.93% from the end of the previous year[5]. - The company's total liabilities increased to RMB 10.04 billion as of March 31, 2023, compared to RMB 8.60 billion at the end of 2022[26]. - The company's total current liabilities rose to RMB 9.43 billion as of March 31, 2023, compared to RMB 7.90 billion at the end of 2022[26]. - The company's long-term borrowings decreased to RMB 514.52 million as of March 31, 2023, from RMB 591.79 million at the end of 2022[26]. - The company's contract liabilities increased to RMB 590.93 million as of March 31, 2023, from RMB 298.17 million at the end of 2022[26]. - The total liabilities of the company increased, with accounts payable reaching CNY 3,744,461,814.69 in Q1 2023, up from CNY 2,884,808,006.45 at the end of 2022[38]. - The company's total assets increased to CNY 18,902,168,426.12 as of March 31, 2023, up from CNY 17,352,939,086.54 at the end of 2022[38]. - Inventory as of March 31, 2023, was CNY 1,662,683,765.91, slightly up from CNY 1,637,792,012.97 at the end of 2022[38]. - Short-term borrowings rose to CNY 1,065,074,013.88 in Q1 2023, compared to CNY 623,331,743.89 at the end of 2022, indicating increased leverage[38]. Strategic Initiatives - The company plans to acquire 100% equity of Liaoning Fangda Group International Trade Co., Ltd. for CNY 795 million, with the transaction approved by the shareholders' meeting[11]. - The company plans to issue convertible bonds totaling up to RMB 3.1 billion for various projects, including energy-saving upgrades and smart factory construction[21]. - The company has maintained a stable long-term equity investment of CNY 4,150,105,287.09 as of March 31, 2023, compared to CNY 4,128,945,684.57 at the end of 2022[38]. Research and Development - Research and development expenses for Q1 2023 were ¥14,379,647.98, an increase from ¥10,624,175.59 in Q1 2022[43]. Financial Expenses - Financial expenses in Q1 2023 showed a net income of -¥27,660,375.98, compared to -¥40,002,295.75 in Q1 2022[43]. - The company reported a decrease in sales expenses to ¥7,500,220.46 from ¥10,029,316.49 in Q1 2022[43].