YNCE(SH:600792)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,886,911,819.45, representing a year-on-year increase of 2.71%[2] - Total operating revenue for Q1 2023 was CNY 1,886,911,819.45, an increase of 2.0% compared to CNY 1,837,146,621.53 in Q1 2022[19] - Total operating costs for Q1 2023 were CNY 1,908,233,877.33, up from CNY 1,887,283,974.35 in Q1 2022, reflecting a year-over-year increase of 1.5%[19] - The net profit attributable to shareholders was a loss of CNY 15,592,764.31, with a basic and diluted earnings per share of -0.02 CNY[2] - Net loss for Q1 2023 was CNY -15,239,750.86, an improvement from a net loss of CNY -48,977,004.90 in Q1 2022[21] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.02, compared to CNY -0.05 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -CNY 199,842,667.91, indicating a significant decrease compared to the previous year[2] - In Q1 2023, the cash inflow from operating activities was CNY 855,395,969.20, a decrease of 36.7% compared to CNY 1,352,634,583.69 in Q1 2022[22] - The net cash outflow from operating activities was CNY -199,842,667.91, worsening from CNY -50,556,724.95 in the same period last year[23] - Cash outflow for purchasing goods and services was CNY 965,427,849.19, down from CNY 1,203,546,159.51 in Q1 2022[23] - The net cash flow from investing activities was CNY -56,926,661.47, compared to CNY -134,422,424.48 in Q1 2022[24] - Cash inflow from financing activities totaled CNY 290,045,405.41, an increase from CNY 223,000,000.00 in Q1 2022[24] - The net cash flow from financing activities was CNY -3,550,230.56, improving from CNY -58,385,576.80 in the previous year[24] - The ending cash and cash equivalents balance was CNY 368,825,251.55, up from CNY 133,256,282.49 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,910,312,638.80, up 5.41% from the end of the previous year[3] - The company's total assets as of Q1 2023 amounted to CNY 9,910,312,638.80, compared to CNY 9,401,644,676.45 at the end of Q1 2022[16] - Total liabilities increased to CNY 6,670,731,116.99 in Q1 2023 from CNY 6,151,667,415.05 in Q1 2022[16] - The company's equity attributable to shareholders decreased by 0.34% to CNY 3,168,042,795.58 compared to the end of the previous year[3] - The company’s total equity decreased to CNY 3,239,581,521.81 in Q1 2023 from CNY 3,249,977,261.40 in Q1 2022[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,126[10] - The largest shareholder, Kunming Steel Holding Co., Ltd., holds 595,841,429 shares, accounting for 60.19% of total shares[10] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 6,987,091.62, primarily from asset disposal gains and government subsidies[5] - The company reported a 378.19% increase in income tax expenses due to higher operating profits compared to the previous year[7] - The company's cash and cash equivalents decreased by 35.87% due to significant cash payments for project engineering and raw materials[6] - Accounts receivable increased by 35.61% due to higher product sales and unconfirmed receivables from a customer[6] - Prepayments increased by 102.60% as a result of higher advance rental payments received[7] - The company reported a decrease in research and development expenses to CNY 2,833,543.95 in Q1 2023 from CNY 3,453,575.96 in Q1 2022[20] - The company’s financial expenses decreased significantly to CNY 11,763,197.27 in Q1 2023 from CNY 25,782,134.19 in Q1 2022[20] - Total cash outflow for employee payments was CNY 70,583,092.17, down from CNY 108,264,810.48 in the same quarter last year[23] - The company reported a cash inflow of CNY 57,695,204.28 from other operating activities, compared to CNY 39,413,901.27 in Q1 2022[23] - The company experienced a cash outflow of CNY 6,367,214.57 for other operating activities, significantly reduced from CNY 85,184,766.55 in Q1 2022[23]