凤凰股份(600716) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥215,754,310.29, representing a decrease of 55.58% compared to the same period last year[3] - The net profit attributable to shareholders was ¥40,675,130.70, down 38.73% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 64.12% to ¥35,151,315.38[3] - Basic and diluted earnings per share were both ¥0.0435, reflecting a decline of 38.65% compared to the previous year[3] - Total operating revenue for Q1 2023 was ¥215,754,310.29, a decrease of 55.6% compared to ¥485,669,516.82 in Q1 2022[14] - Net profit for Q1 2023 was ¥40,675,130.70, a decline of 38.8% from ¥66,387,877.68 in Q1 2022[15] - Comprehensive income for Q1 2023 totaled ¥150,466,931.70, compared to a loss of ¥154,502,769.57 in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0435, down from ¥0.0709 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥124,068,684.87, indicating a significant cash outflow[3] - Cash inflow from operating activities in Q1 2023 was ¥109,829,509.61, an increase from ¥90,551,317.24 in Q1 2022[18] - The net cash flow from operating activities was -$124.07 million, compared to -$162.99 million in the previous year, showing an improvement of approximately 23.9%[19] - The total cash and cash equivalents at the end of the period were $646.55 million, down from $1.69 billion at the end of the previous year, representing a decrease of approximately 61.7%[20] - The net cash increase for the period was -$325.33 million, compared to -$153.35 million in the previous year, indicating a worsening cash position[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,011,229,543.57, a decrease of 1.57% from the end of the previous year[4] - Current assets totaled ¥5,749,407,126.94, down from ¥6,007,215,471.69, indicating a decrease of about 4.23%[11] - Cash and cash equivalents were reported at ¥656,924,005.25, a significant decrease from ¥982,244,632.79, representing a decline of approximately 33.10%[10] - The total liabilities decreased to ¥5,749,407,126.94 from ¥6,007,215,471.69, reflecting a decline of about 4.23%[11] - Non-current liabilities decreased to ¥632,569,291.86 in Q1 2023 from ¥887,837,286.83 in Q1 2022[12] - Total liabilities decreased to ¥2,741,769,107.91 in Q1 2023 from ¥3,019,874,225.75 in Q1 2022[12] - Total equity increased to ¥5,269,460,435.66 in Q1 2023 from ¥5,118,993,503.96 in Q1 2022[12] Operational Highlights - The decline in revenue was primarily due to lower delivery volumes from the Yixing project compared to the same period last year, resulting in a decrease in gross profit of approximately ¥46 million[6] - Financial expenses increased by approximately ¥17 million due to new borrowings from the parent company, impacting net profit significantly[6] - The company reported a significant reduction in accounts payable from ¥175,467,587.26 to ¥87,761,086.84, a decrease of approximately 50.00%[11] - Inventory increased to ¥4,704,434,221.92 from ¥4,676,159,157.04, showing a growth of about 0.60%[11] - Other receivables rose to ¥87,788,792.73 from ¥34,117,464.39, marking an increase of approximately 157.80%[10] Future Outlook and Strategic Developments - The company has no new product launches or technological developments mentioned in the report[10] - There are no updates on market expansion or mergers and acquisitions in the current report[10] - The report does not provide any future outlook or performance guidance for the upcoming quarters[10]