际华集团(601718) - 2023 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2023 was CNY 2,747,798,992.81, a decrease of 32.44% compared to the same period last year[22] - Net profit attributable to shareholders was CNY 23,947,232.09, down 77.50% year-on-year[22] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -14,376,498.42, a decline of 130.14%[22] - Basic earnings per share were CNY 0.005, down 79.17% compared to the same period last year[22] - Total revenue for Q1 2023 was approximately $2.75 billion, a decrease of 32.3% compared to $4.07 billion in Q1 2022[37] - Net profit for Q1 2023 was approximately $24.96 million, down 76.2% from $104.77 million in Q1 2022[37] - Total comprehensive income for Q1 2023 was approximately $24.89 million, significantly lower than $110.97 million in Q1 2022, a decrease of 77.5%[38] - The total operating profit for Q1 2023 was approximately $49.90 million, down 60.0% from $124.67 million in Q1 2022[37] Assets and Liabilities - The total assets at the end of the reporting period were CNY 27,106,585,967.23, a decrease of 2.04% from the end of the previous year[6] - The total liabilities as of March 31, 2023, amounted to approximately ¥10.04 billion, down from ¥10.64 billion at the end of 2022[32] - The company reported a total equity of approximately ¥17.07 billion as of March 31, 2023, compared to ¥17.03 billion at the end of 2022[32] - The equity attributable to shareholders increased slightly to CNY 17,054,673,700.86, up 0.14% from the previous year[6] Cash Flow - The net cash flow from operating activities was CNY -465,466,497.72, a decrease of 29.27% year-on-year[22] - Net cash flow from operating activities for Q1 2023 was -¥465.47 million, an improvement from -¥658.13 million in Q1 2022[35] - Cash received from sales and services in Q1 2023 was approximately ¥2.39 billion, a decrease from ¥3.91 billion in Q1 2022[35] - The company’s cash outflow for purchasing goods and services in Q1 2023 was approximately ¥2.10 billion, down from ¥3.92 billion in Q1 2022[35] - The company reported a net cash inflow from investing activities of approximately $656.48 million in Q1 2023, compared to a net outflow of approximately $101.97 million in Q1 2022[39] Shareholder Information - Total number of common shareholders at the end of the reporting period was 125,787[27] - The largest shareholder, Xinxing Cathay International Group Co., Ltd., holds 2,000,662,591 shares, representing 45.56% of total shares[27] Borrowings and Financial Management - The company reported a significant increase in long-term borrowings by 271.49%, attributed to obtaining low-interest loans[25] - The company’s short-term borrowings as of March 31, 2023, were approximately ¥828.99 million, a decrease from ¥892.44 million at the end of 2022[32] - The company’s financial expenses decreased by 699.48% due to a reduction in the scale of corporate bonds[8] - The company recorded a financial expense of approximately -$3.08 million in Q1 2023, compared to $0.51 million in Q1 2022, indicating improved financial management[37] Inventory and Contract Liabilities - The company’s inventory decreased to CNY 4,305,797,321.33, down from CNY 4,600,052,752.99 at the end of the previous year[14] - The company’s contract liabilities were approximately ¥1.32 billion as of March 31, 2023, down from ¥1.45 billion at the end of 2022[32] - The company’s total accounts payable as of March 31, 2023, was approximately ¥3.45 billion, a decrease from ¥3.91 billion at the end of 2022[32] Research and Development - Research and development expenses increased to approximately $81.86 million in Q1 2023, compared to $77.17 million in Q1 2022, reflecting a growth of 6.5%[37] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2023 totaled approximately $5.53 billion, an increase from $5.24 billion at the end of Q1 2022[39] - The company received approximately $10.8 million from minority shareholders in Q1 2023, reflecting continued investment interest[39]