BGRIMMTEC(SH:600980)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 211.27 million, an increase of 2.24% compared to CNY 172.79 million in the same period last year[6]. - The net profit attributable to shareholders for Q1 2023 was CNY 22.84 million, a decrease of 15.98% from CNY 25.69 million in the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21.22 million, an increase of 97.87% compared to CNY 10.72 million in the same period last year[9]. - The basic and diluted earnings per share for Q1 2023 were CNY 0.1207, down 17.44% from CNY 0.1478 in the previous year[7]. - The net profit for Q1 2023 was CNY 22,782,342.55, a decrease of 16.8% compared to CNY 27,157,705.85 in Q1 2022[21]. - Operating profit for Q1 2023 was CNY 27,499,401.30, down 20.5% from CNY 34,721,468.49 in the same period last year[21]. - Total revenue from sales of goods and services in Q1 2023 was CNY 182,288,802.38, an increase of 10.3% from CNY 164,795,500.43 in Q1 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 48.94 million, a significant decrease compared to a positive CNY 13.26 million in the same period last year, reflecting a decline of 587.97%[7]. - Cash flow from operating activities showed a net outflow of CNY 48,941,022.63, compared to a net inflow of CNY 10,029,450.79 in Q1 2022[23]. - Cash and cash equivalents at the end of Q1 2023 were CNY 321,894,487.92, down from CNY 406,134,405.90 at the beginning of the quarter[23]. - Cash and cash equivalents at the end of Q1 2023 were CNY 112,973,936.96, compared to CNY 79,721,669.95 at the end of Q1 2022, showing an increase of 41.7%[30]. - Cash inflow from financing activities was CNY 130,242,080.63 in Q1 2023, compared to CNY 28,552,503.66 in Q1 2022, an increase of 356.5%[30]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1.81 billion, a decrease of 1.09% from CNY 1.83 billion at the end of the previous year[7]. - The total current assets as of March 31, 2023, were RMB 1,237,741,355.12, a decrease from RMB 1,304,877,257.13 as of December 31, 2022, showing a decline of about 5.1%[17]. - Total liabilities as of March 31, 2023, were RMB 563,237,056.31, down from RMB 606,914,347.92 at the end of 2022, indicating a reduction of approximately 7.2%[18]. - The total assets as of March 31, 2023, amounted to RMB 1,807,416,358.59, a slight decrease from RMB 1,827,401,953.97 as of December 31, 2022, representing a decline of about 1.1%[19]. - The total equity attributable to shareholders of the parent company increased to RMB 1,239,720,767.34 as of March 31, 2023, compared to RMB 1,215,969,552.35 at the end of 2022, reflecting an increase of approximately 2%[19]. Expenses and Investments - Total operating costs for Q1 2023 were RMB 184,688,579.49, down from RMB 189,255,079.82 in Q1 2022, indicating a decrease of about 2.9%[20]. - Research and development expenses increased to RMB 7,372,028.87 in Q1 2023, compared to RMB 5,947,967.01 in Q1 2022, reflecting a rise of approximately 24%[20]. - The company reported a decrease in other income by CNY 16.09 million compared to the previous year, impacting overall profitability[9]. - The company reported a decrease in interest income to CNY 1,701,851.45 in Q1 2023 from CNY 824,793.59 in Q1 2022[21]. - The company completed the acquisition of 100% equity in Zhuzhou Torch Industrial Furnace Co., Ltd., which is now a wholly-owned subsidiary, enhancing its market position[8]. Market Strategy and Future Outlook - The company plans to continue expanding its mining and metallurgy equipment business, which has shown significant revenue growth in the current quarter[9]. - The company is focusing on market expansion and new product development strategies to drive future growth[34].