Financial Performance - The company's operating revenue for Q1 2023 was ¥542,240,460.06, representing a decrease of 7.29% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥40,408,932.10, down by 5.80% year-on-year[5] - The basic earnings per share for the period was ¥0.10, reflecting a decline of 9.09% compared to the previous year[6] - Total revenue for Q1 2023 was CNY 542,240,460.06, a decrease of 7.3% compared to CNY 584,893,631.42 in Q1 2022[16] - Net profit for Q1 2023 was CNY 40,408,932.10, a decline of 5.8% from CNY 42,897,796.33 in Q1 2022[17] - Total comprehensive income for Q1 2023 was CNY 40,207,488.24, a decrease from CNY 42,829,566.90 in Q1 2022, reflecting a decline of approximately 6.1%[18] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.10, down from CNY 0.11 in Q1 2022, representing a decrease of about 9.1%[18] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to ¥2,633,002,994.01, a decrease of 9.57% from the end of the previous year[6] - Cash and cash equivalents decreased to CNY 436,911,568.88 from CNY 785,828,595.81, representing a decline of 44.4%[12] - Accounts receivable decreased to CNY 369,374,497.28 from CNY 588,409,090.36, a reduction of 37.3%[12] - Inventory decreased to CNY 123,329,861.04 from CNY 140,459,503.55, a decrease of 12.2%[12] - Total assets decreased to CNY 2,633,002,994.01 from CNY 2,911,527,556.07, a decline of 9.6%[13] - Total liabilities decreased to CNY 1,298,416,981.35 from CNY 1,618,456,165.23, a reduction of 19.8%[14] - Shareholders' equity totaled approximately $1.29 billion, with retained earnings at about $709.65 million[26] Cash Flow - The net cash flow from operating activities was negative at -¥267,768,824.86, indicating a significant cash outflow[5] - Cash inflows from operating activities totaled CNY 601,384,179.13 in Q1 2023, compared to CNY 639,545,932.23 in Q1 2022, indicating a decline of approximately 5.9%[20] - Cash outflows from operating activities amounted to CNY 869,153,003.99 in Q1 2023, down from CNY 923,567,018.37 in Q1 2022, a decrease of about 5.9%[21] - Cash flow from investing activities showed a net outflow of CNY 73,855,215.97 in Q1 2023, compared to a net outflow of CNY 27,501,570.98 in Q1 2022, indicating a worsening of cash flow by approximately 168.5%[21] - Cash flow from financing activities resulted in a net outflow of CNY 31,262,433.92 in Q1 2023, contrasting with a net inflow of CNY 33,772,342.16 in Q1 2022[21] - The ending cash and cash equivalents balance for Q1 2023 was CNY 298,553,807.16, a decrease from CNY 671,495,202.76 at the beginning of the period[21] - The company reported a significant decrease in cash received from the sale of goods and services, totaling CNY 600,830,006.02 in Q1 2023, down from CNY 639,110,079.89 in Q1 2022, a decline of approximately 6.0%[20] Operational Efficiency - Total operating costs for Q1 2023 were CNY 490,599,399.12, down 10% from CNY 545,018,208.68 in Q1 2022[16] - The company reported a decrease in gross profit margin, reflecting challenges in maintaining profitability amid rising costs[17] - The weighted average return on equity for Q1 2023 was 3.08%, down by 1.05 percentage points year-on-year[6] Research and Development - Research and development expenses increased to CNY 2,918,835.31 from CNY 1,927,269.39, an increase of 51.5%[17] Corporate Developments - The company has not disclosed any new product developments or market expansion strategies in this report[11] - There are no significant mergers or acquisitions reported during this quarter[11] - The company implemented new accounting standards starting January 1, 2023, which may affect the financial reporting and presentation of financial statements[22]
柏诚股份(601133) - 2023 Q1 - 季度财报