华峰铝业(601702) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,997,013,563.87, representing a year-on-year increase of 0.58%[3] - The net profit attributable to shareholders for Q1 2023 was CNY 169,580,601.82, reflecting a significant increase of 65.03% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 164,771,291.82, also up by 65.59% year-on-year[3] - The net profit for Q1 2023 reached CNY 92,112,904.25, compared to CNY 41,807,327.58 in Q1 2022, indicating a significant increase of approximately 120%[40] - The total profit for Q1 2023 was CNY 107,087,693.46, up from CNY 49,633,932.57 in the same period last year, reflecting an increase of about 115%[40] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 375,951,693.14, with no applicable year-on-year comparison[3] - The operating cash flow generated was CNY 375,951,693.14, a significant improvement from a negative cash flow of CNY -524,177,305.28 in the same quarter last year[54] - The net cash flow from investing activities for Q1 2023 was -¥4,654,245.73, an improvement from -¥8,415,591.63 in Q1 2022[63] - The net cash flow from operating activities for Q1 2023 was -¥26,631,065.82, an improvement compared to -¥153,574,678.92 in Q1 2022[62] Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 6,452,465,711.04, an increase of 2.66% from the end of the previous year[19] - The company's total liabilities decreased to CNY 1,984,117,446.91 in Q1 2023 from CNY 2,004,043,998.80 in Q1 2022, a reduction of about 1%[39] - The total liabilities amounted to CNY 2,551,107,560.40, slightly decreased from CNY 2,552,442,284.83[48] - The company's financial liabilities due within one year were CNY 436,499,338.32, showing a slight increase from CNY 427,095,649.39 in the previous period[29] Shareholder Equity - The equity attributable to shareholders increased to CNY 3,901,320,960.08, marking a 4.52% rise compared to the end of the previous year[19] - The total equity of the company increased to CNY 3,094,173,710.32 in Q1 2023 from CNY 3,001,375,148.10 in Q1 2022, representing a growth of approximately 3.1%[39] - The total equity attributable to shareholders reached CNY 3,901,320,960.08, an increase from CNY 3,732,538,392.44[48] Earnings and Costs - Basic and diluted earnings per share for Q1 2023 were CNY 0.17, up from CNY 0.07 in the same period last year[19] - Total operating costs decreased to CNY 1,774,022,666.39 in Q1 2023 from CNY 1,845,503,182.64 in Q1 2022, reflecting a reduction of about 3.9%[31] - The gross profit margin improved, with operating costs as a percentage of revenue decreasing from 92.1% in Q1 2022 to 88.8% in Q1 2023[31] - The company's financial expenses for Q1 2023 were CNY 22,565,664.16, down from CNY 30,599,512.40 in Q1 2022, indicating a decrease of about 26.4%[40] Research and Development - Research and development expenses for Q1 2023 were CNY 50,008,316.17, slightly down from CNY 50,483,516.52 in Q1 2022, indicating a focus on cost management[31] - Research and development expenses for Q1 2023 amounted to CNY 30,124,372.65, compared to CNY 28,579,469.25 in Q1 2022, showing an increase of approximately 5.4%[40] Market Strategy - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings in the upcoming quarters[31] - The company has identified potential acquisition targets to bolster its market position and diversify its product range[31] - The management remains optimistic about future revenue growth driven by strategic initiatives and market expansion efforts[31] Inventory and Prepaid Expenses - The company experienced a decrease in inventory, which stood at CNY 1,706,297,723.11, down from CNY 1,939,389,044.49 in the previous year[13] - The company's inventory decreased to ¥802,415,489.17 from ¥887,864,161.09, showing a reduction of approximately 9.6%[57] - The company reported a decrease in prepaid expenses to ¥582,801,117.91 from ¥779,067,225.42, reflecting a decline of approximately 25.2%[57] Government Subsidies - The company reported a non-recurring gain of CNY 4,754,035.00 from government subsidies closely related to its normal business operations[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,857, with the largest shareholder holding 55.14% of the shares[23]