Shaanxi Heimao(SH:601015)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 5,011,470,612.99, representing a decrease of 11.25% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 55,986,627.00, down 76.38% year-on-year[5]. - The basic earnings per share decreased by 75.00% to CNY 0.03[6]. - Net profit for Q1 2023 was CNY 32,924,903.41, down from CNY 291,609,987.40 in Q1 2022, representing a decline of 88.69%[14]. - The company reported a gross profit margin of approximately 2.5% in Q1 2023, down from 5.2% in Q1 2022[14]. - Earnings per share for Q1 2023 was CNY 0.03, down from CNY 0.12 in Q1 2022[14]. Cash Flow - The net cash flow from operating activities increased significantly by 343.75% to CNY 284,772,527.44[5]. - In Q1 2023, the company reported a net cash flow from operating activities of ¥284,772,527.44, a significant increase from ¥64,174,401.13 in Q1 2022, representing a growth of approximately 343%[15]. - The total cash inflow from operating activities was ¥3,924,592,970.91, compared to ¥3,217,855,976.36 in the same period last year, indicating an increase of about 22%[15]. - Cash outflow for purchasing goods and services rose to ¥2,561,100,490.13 from ¥1,745,349,294.99, marking an increase of approximately 47%[15]. - The company incurred a net cash flow from investing activities of -¥86,369,824.73, worsening from -¥59,439,293.19 in Q1 2022[15]. - Cash inflow from financing activities totaled ¥933,000,000.00, up from ¥657,300,000.00, reflecting an increase of around 42%[15]. - The net cash flow from financing activities was -¥280,841,939.80, a decline from a positive net cash flow of ¥37,477,246.97 in the previous year[15]. - The ending cash and cash equivalents balance decreased to ¥298,861,906.59 from ¥581,780,966.79, a drop of approximately 49%[15]. - The company received ¥733,000,000.00 in new borrowings, compared to ¥495,500,000.00 in Q1 2022, representing a growth of about 48%[15]. - The company reported a total of ¥105,663,361.00 in taxes paid, down from ¥123,171,586.36, indicating a decrease of approximately 15%[15]. - The cash received from tax refunds increased significantly to ¥73,950,903.65 from ¥31,930.22, showing a growth of over 131%[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,373,068,752.14, a slight increase of 0.09% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to CNY 21,373,068,752.14, slightly up from CNY 21,353,461,867.32 at the end of 2022[14]. - Total liabilities decreased to CNY 10,323,713,999.02 from CNY 10,354,308,801.56 year-over-year[14]. - Cash and cash equivalents increased to CNY 2,157,573,771.54 from CNY 2,027,831,745.08, reflecting a growth of 6.42%[12]. - Inventory decreased to CNY 1,980,723,110.11 from CNY 2,114,675,226.45, a reduction of 6.32%[13]. - Long-term investments increased to CNY 1,924,121,414.26 from CNY 1,783,242,926.27, indicating a growth of 7.88%[13]. - The company’s short-term borrowings decreased to CNY 1,938,135,715.29 from CNY 2,220,387,598.06, a decline of 12.66%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,499[9]. - The largest shareholder, Shaanxi Huanghe Mining Group, holds 45.14% of the shares, amounting to 922,028,420 shares[9]. Corporate Actions - The decline in net profit was primarily due to a decrease in the sales prices of the company's main products, which fell more than the decline in raw coal procurement prices[7]. - The company announced the termination of its plan to issue convertible bonds to unspecified investors on April 20, 2023[11].