YMCC(SH:600691)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,900,389,201.51, representing a decrease of 17.59% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 16,422,013.48, down 82.27% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,301,354.97, a decline of 88.80% compared to the previous year[5]. - The basic and diluted earnings per share were both CNY 0.0069, down 82.31% from the same period last year[5]. - In Q1 2023, the company's total comprehensive income attributable to the parent company was CNY 16,422,013.48, a decrease from CNY 92,598,265.30 in Q1 2022, representing a decline of approximately 82.24%[20]. Cash Flow - The net cash flow from operating activities was CNY 99,011,059.94, a decrease of 77.98% year-on-year[5]. - The net cash flow from operating activities for Q1 2023 was CNY 99,011,059.94, down 78.01% from CNY 449,619,814.82 in Q1 2022[24]. - Cash received from the sale of goods and services was CNY 3,869,185,087.43, a decrease of 13.00% compared to CNY 4,449,280,427.07 in the same period last year[23]. - The net cash flow from investing activities was -CNY 20,134,744.81, compared to -CNY 15,738,053.08 in Q1 2022, indicating an increase in cash outflow from investments[26]. - The net cash flow from financing activities was -CNY 270,313,610.91, an improvement from -CNY 483,766,214.29 in Q1 2022, showing a reduced cash outflow in financing[26]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 2,480,789,545.74, a decrease from CNY 2,620,423,624.83 at the end of Q1 2022[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,223,471,397.87, a decrease of 2.04% from the end of the previous year[5]. - The company's total assets as of Q1 2023 amounted to ¥24,223,471,397.87, a decrease from ¥24,726,852,297.78 in the previous year[16]. - Total liabilities for Q1 2023 were ¥17,463,458,390.87, down from ¥17,961,016,974.84 in Q1 2022[15]. - The company's cash and cash equivalents decreased to ¥12,782,830,416.98 from ¥13,111,443,841.40 year-over-year[16]. Expenses - Total operating costs for Q1 2023 were ¥3,908,873,565.74, down 15.1% from ¥4,604,405,231.75 in Q1 2022[18]. - Research and development expenses for Q1 2023 were ¥31,372,718.83, compared to ¥28,018,780.95 in Q1 2022, showing an increase of 8.1%[19]. - The company reported a decrease in sales expenses to ¥39,364,908.67 in Q1 2023 from ¥21,371,451.45 in Q1 2022, indicating a 84.1% increase[19]. - The company paid CNY 303,726,247.31 to employees, an increase from CNY 245,262,537.88 in Q1 2022, representing a rise of about 23.73%[24]. Other Financial Metrics - The weighted average return on equity decreased by 126.70 percentage points to 0.2730%[5]. - The company experienced a significant reduction in accounts receivable financing by 40.39% due to increased prepayments for raw materials[8]. - The company reported a 156.62% increase in credit impairment losses, attributed to the reversal of bad debt provisions for matured bills[8]. - The company received CNY 45,101.83 in tax refunds, significantly lower than CNY 691,528.62 in the previous year, indicating a decrease of approximately 93.51%[24].