玲珑轮胎(601966) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was RMB 4,385,207,455, representing a year-on-year increase of 0.78%[4] - Net profit attributable to shareholders was RMB 213,779,031, showing a significant increase of 332.66% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 180,213,130, up by 210.48% year-on-year[4] - The basic earnings per share for the period was RMB 0.15, reflecting a year-on-year increase of 314.29%[5] - The total comprehensive income for Q1 2023 was CNY 212,228,689, compared to a loss of CNY 216,127,778 in Q1 2022, indicating a positive shift[19] - Net profit for Q1 2023 was CNY 213,730,871, compared to a net loss of CNY 91,927,091 in Q1 2022, indicating a significant turnaround[19] Assets and Liabilities - Total assets at the end of the reporting period were RMB 37,671,743,481, a slight increase of 0.77% from the end of the previous year[5] - The company's total liabilities increased to CNY 18,251,464,972 from CNY 18,134,161,695, reflecting a rise of approximately 0.65%[17] - The total equity attributable to shareholders rose to CNY 19,414,454,107 from CNY 19,242,172,838, an increase of about 0.89%[17] - Current assets decreased to CNY 11,310,138,409 from CNY 11,549,423,896, reflecting a decline of approximately 2.07%[15] - Cash and cash equivalents were reported at CNY 2,402,236,060, down from CNY 2,944,929,652, indicating a decrease of about 18.4%[13] Cash Flow - The net cash flow from operating activities was RMB 15,300,160, down by 90.75% year-on-year, primarily due to increased cash outflows for purchasing goods and services[4][8] - In Q1 2023, the cash inflow from operating activities was CNY 4,376,628,932, an increase of 11.2% compared to CNY 3,936,863,373 in Q1 2022[20] - The total cash outflow from operating activities was CNY 4,361,328,772, an increase of 15.6% compared to CNY 3,771,475,137 in Q1 2022[20] - The ending cash and cash equivalents balance was CNY 1,759,486,315, down from CNY 4,237,084,433 at the end of Q1 2022[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,766[9] - The company reported a total of 589,867,927 shares held by Linglong Group Co., Ltd., its largest shareholder[10] - The second-largest shareholder, Yingcheng Trading Co., Ltd., holds 201,400,000 shares, representing 13.64% of the total shares[10] Operational Insights - The increase in net profit was mainly attributed to lower raw material prices and improved capacity utilization[8] - The company reported non-recurring gains of RMB 31,869,523 related to government subsidies closely tied to its normal business operations[6] - Research and development expenses decreased to CNY 155,724,933 from CNY 229,280,660, a reduction of approximately 32%[18] - The company reported a significant decrease in financial expenses, down to CNY 24,815,069 from CNY 60,881,441, a decline of about 59%[18] Future Outlook - The company has not disclosed any significant new product developments or technological advancements during the reporting period[12] - There are no updates on market expansion or mergers and acquisitions in the current report[12] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[12]