北元集团(601568) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,538,721,334.75, representing a decrease of 19.27% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 137,503,782.97, down 73.31% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.03, reflecting a decrease of 78.57% year-on-year[4] - Total operating revenue for Q1 2023 was approximately ¥2.54 billion, a decrease of 19.3% compared to ¥3.14 billion in Q1 2022[21] - Net profit for Q1 2023 was approximately ¥137.50 million, a decline of 73.3% from ¥515.20 million in Q1 2022[22][24] - Total profit for Q1 2023 was approximately ¥166.39 million, a decrease of 72.7% from ¥610.13 million in Q1 2022[23] - In Q1 2023, the company's net profit was CNY 133,960,389.91, a decrease of 69% compared to CNY 434,422,710.61 in Q1 2022[34] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -551,118,271.29, a decline of 289.39% compared to the previous year[4] - Cash inflow from operating activities in Q1 2023 was approximately ¥1.37 billion, a decrease of 45.8% from ¥2.53 billion in Q1 2022[26] - The company's cash flow from operating activities showed a net outflow of CNY 493,527,354.93, compared to a net inflow of CNY 252,104,604.91 in Q1 2022[35] - The company's cash and cash equivalents decreased to CNY 6,290,769,294.32 from CNY 6,619,074,148.06 year-over-year[28] - The company's cash and cash equivalents decreased to RMB 6,396,470,476.95 from RMB 7,027,457,932.41 year-over-year[12] - The cash flow from financing activities was negative at CNY -8,320,111.59, compared to CNY -725,000.07 in the same quarter last year[28] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 16,870,785,954.67, a slight increase of 0.79% from the end of the previous year[5] - Total liabilities as of March 31, 2023, were RMB 3,078,719,527.87, slightly down from RMB 3,083,608,353.46 at the end of 2022[18] - The total assets as of March 31, 2023, amounted to CNY 16,822,083,038.78, an increase from CNY 16,549,104,823.21 at the end of 2022[31] - The total liabilities increased to CNY 3,145,791,709.92 from CNY 3,007,127,236.65 compared to the previous year[31] - The total equity attributable to shareholders increased to RMB 13,792,066,426.80 from RMB 13,654,209,291.44, marking a growth of approximately 1%[18] - The total equity as of March 31, 2023, was CNY 13,676,291,328.86, up from CNY 13,541,977,586.56 at the end of 2022[31] Operational Efficiency - The decline in net profit was primarily due to a significant drop in the selling price of the main product, polyvinyl chloride (PVC)[8] - Total operating costs for Q1 2023 were approximately ¥2.29 billion, down 9.8% from ¥2.54 billion in Q1 2022[21] - The company reported a decrease in operating costs to CNY 2,030,559,706.94 from CNY 2,309,301,000.13 in the previous year, reflecting a reduction of 12.1%[32] - Research and development expenses for Q1 2023 were approximately ¥9.83 million, down 51.1% from ¥20.15 million in Q1 2022[21] - Management expenses for Q1 2023 were approximately ¥84.17 million, down 24.4% from ¥111.22 million in Q1 2022[21] - The company incurred financial expenses of CNY -52,179,410.21 in Q1 2023, compared to CNY -53,209,886.43 in Q1 2022[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 80,410[9] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., held 35.31% of the shares[9] Other Information - The company reported non-recurring gains and losses of CNY 1,255,305.23, with a tax impact of CNY 184,406.51[6] - The company has not disclosed any new product developments or market expansion strategies in the current report[11] - There are no significant changes in the audit opinion type, remaining as unaudited for the current quarter[11]