春兰股份(600854) - 2023 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2023, core financial indicators significantly declined, with operating revenue at 90.78 million Yuan down 24.07% and net profit attributable to shareholders down 24.30%, while operating cash flow turned negative Key Financial Indicators for Q1 2023 | Indicator | Current Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 90,783,243.89 | -24.07% | | Net Profit Attributable to Shareholders of Listed Company | 23,535,719.95 | -24.30% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 22,291,310.26 | -27.60% | | Net Cash Flow from Operating Activities | -28,855,807.72 | -150.43% | | Basic Earnings Per Share (Yuan/share) | 0.0453 | -24.37% | | Weighted Average Return on Net Assets (%) | 1.0509% | Decrease 0.4166 percentage points | Key Asset and Equity Data at Period End | Indicator | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,388,219,935.89 | 2,414,551,402.12 | -1.09% | | Total Equity Attributable to Shareholders of Listed Company | 2,267,766,203.53 | 2,227,812,637.95 | 1.79% | Non-recurring Gains and Losses and Amounts Total non-recurring gains and losses for the period were 1.24 million Yuan, mainly from debt restructuring, non-current asset disposal, and government grants Key Non-recurring Gains and Losses Items for Q1 2023 | Item | Amount (Yuan) | | :--- | :--- | | Debt Restructuring Gains/Losses | 1,116,835.27 | | Non-current Asset Disposal Gains/Losses | 322,818.66 | | Government Grants Recognized in Current Profit/Loss | 226,835.81 | | Other Non-operating Income and Expenses | 16,294.90 | | Total | 1,244,409.69 | Analysis of Changes in Key Financial Indicators and Reasons Several financial indicators changed significantly, with operating cash flow down 150.43% due to reduced sales collections, and investing cash flow up 553.53% from increased fixed asset disposal income Changes in Key Financial Indicators | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 304.88 | Mainly due to increased prepayments for entrusted production | | Investment Income | 96.18 | Mainly due to increased debt restructuring gains | | Asset Disposal Gains | 67,969.30 | Mainly due to increased gains from fixed asset disposals | | Net Cash Flow from Operating Activities | -150.43 | Mainly due to decreased sales collections | | Net Cash Flow from Investing Activities | 553.53 | Mainly due to increased income from fixed asset disposals | Shareholder Information Shareholding Status As of period-end, the company had 35,009 common shareholders, with controlling shareholder Chunlan (Group) Company holding 25.34% and the top ten shareholder structure remaining stable - As of the end of the reporting period, the company had 35,009 common shareholders[9] Top Ten Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | | :--- | :--- | :--- | | Chunlan (Group) Company | Other | 25.34 | | Taizhou City Construction Investment Group Co., Ltd. | State-owned Legal Person | 6.86 | | Jiangsu Communications Holding Co., Ltd. | State-owned Legal Person | 3.36 | | BERNIE INDUSTRIAL LIMITED | Overseas Legal Person | 2.24 | | Xu Yongzhao | Unknown | 0.93 | - The controlling shareholder, Chunlan (Group) Company, has no affiliated relationship with the other nine shareholders, and the company is unaware if other shareholders have acting-in-concert relationships[10] Other Reminders Other Important Information The company has no other significant operating information requiring special attention from investors during this reporting period - The company confirms no other significant operating information requires investor attention during the reporting period[11] Quarterly Financial Statements Financial Statements Consolidated Balance Sheet As of March 31, 2023, total assets were 2.39 billion Yuan (down 1.09%), total liabilities were 254.39 million Yuan (down 21.75%), and equity attributable to parent company owners was 2.27 billion Yuan (up 1.79%) Key Balance Sheet Items | Item | March 31, 2023 (Yuan) | December 31, 2022 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 2,388,219,935.89 | 2,414,551,402.12 | -1.09% | | Total Current Assets | 1,250,930,402.56 | 1,291,107,365.91 | -3.11% | | Total Non-current Assets | 1,137,289,533.33 | 1,123,444,036.21 | +1.23% | | Total Liabilities | 254,395,816.61 | 325,111,680.29 | -21.75% | | Total Current Liabilities | 222,295,997.76 | 297,932,413.42 | -25.39% | | Total Owners' Equity | 2,133,824,119.28 | 2,089,439,721.83 | +2.12% | | Total Owners' Equity Attributable to Parent Company | 2,267,766,203.53 | 2,227,812,637.95 | +1.79% | Consolidated Income Statement In Q1 2023, operating revenue decreased by 24.07% to 90.78 million Yuan, total operating costs decreased by 18.47%, and net profit attributable to parent company shareholders declined by 24.30% Core Income Statement Data (Q1 2023 vs Q1 2022) | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 90,783,243.89 | 119,565,747.02 | -24.07% | | Total Operating Costs | 53,028,458.00 | 65,041,853.82 | -18.47% | | Operating Profit | 38,262,448.34 | 52,200,775.44 | -26.70% | | Total Profit | 37,468,395.09 | 51,485,470.19 | -27.23% | | Net Profit | 27,966,551.82 | 37,218,157.71 | -24.86% | | Net Profit Attributable to Parent Company Shareholders | 23,535,719.95 | 31,090,254.01 | -24.30% | | Basic Earnings Per Share (Yuan/share) | 0.0453 | 0.0599 | -24.37% | Consolidated Cash Flow Statement In Q1 2023, net cash flow from operating activities was -28.86 million Yuan, a 150.43% deterioration year-over-year, primarily due to significantly reduced cash from sales Key Cash Flow Statement Data (Q1 2023 vs Q1 2022) | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -28,855,807.72 | 57,217,004.49 | | Net Cash Flow from Investing Activities | 398,573.45 | -87,882.80 | | Net Cash Flow from Financing Activities | 0.00 | -3,342,888.77 | | Net Increase in Cash and Cash Equivalents | -28,457,234.27 | 53,786,232.92 | - Cash outflow from operating activities was primarily due to cash received from sales of goods and services plummeting from 98.34 million Yuan in the prior year to 32.31 million Yuan this year[21]