Baosteelpackage(SH:601968)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,759,191,660.73, representing a decrease of 5.04% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 61,333,401.66, down 4.40% year-on-year[5]. - The basic earnings per share for the period was CNY 0.05, reflecting a decline of 16.67% compared to the previous year[6]. - Total revenue for Q1 2023 was CNY 1,759,191,660.73, a decrease of 5.02% compared to CNY 1,852,634,287.66 in Q1 2022[16]. - Operating profit for Q1 2023 was CNY 76,169,935.19, compared to CNY 86,164,712.53 in Q1 2022, indicating a decline of 11.56%[17]. - Net profit attributable to shareholders for Q1 2023 was CNY 55,000,000, a decrease from CNY 65,000,000 in Q1 2022, representing a decline of 15.38%[15]. - The total comprehensive income for Q1 2023 was approximately ¥47.63 million, compared to ¥58.93 million in Q1 2022, indicating a decrease of about 19.1%[18]. - The total profit for Q1 2023 was approximately ¥77.51 million, a decrease from ¥86.19 million in Q1 2022, representing a decline of about 10.5%[18]. - Net profit for Q1 2023 was approximately ¥64.48 million, compared to ¥66.48 million in Q1 2022, reflecting a decrease of about 3.0%[18]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 8,729,781,707.25, an increase of 5.19% from the end of the previous year[6]. - Total assets as of March 31, 2023, reached CNY 8,729,781,707.25, an increase from CNY 8,299,359,358.04 at the end of 2022, reflecting a growth of 5.19%[14]. - Total liabilities increased to CNY 4,727,195,499.48 as of March 31, 2023, compared to CNY 4,344,405,927.29 at the end of 2022, marking an increase of 8.81%[14]. - Long-term borrowings increased to CNY 866,375,983.57 from CNY 527,735,789.87, representing a rise of 64.34%[14]. Cash Flow and Investments - The net cash flow from operating activities was CNY 308,708,746.12, with no applicable year-on-year comparison[5]. - Cash flow from operating activities for Q1 2023 was approximately ¥308.71 million, a significant improvement from a negative cash flow of ¥527.94 million in Q1 2022[20]. - Cash and cash equivalents increased to CNY 872,052,045.62 as of March 31, 2023, up from CNY 580,076,018.89 at the end of 2022, a growth of 50.31%[12]. - Cash and cash equivalents at the end of Q1 2023 amounted to approximately ¥854.61 million, an increase from ¥542.75 million at the end of Q1 2022, representing a growth of about 57.3%[21]. - The company reported cash inflows from financing activities of approximately ¥1.28 billion in Q1 2023, compared to ¥650.75 million in Q1 2022, an increase of about 96.8%[21]. - The company incurred cash outflows for investing activities of approximately ¥178.16 million in Q1 2023, down from ¥242.69 million in Q1 2022, a decrease of about 26.6%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,090[9]. - The largest shareholder, Baosteel Metal Co., Ltd., held 395,026,127 shares, accounting for 34.86% of the total shares[9]. Research and Development - Research and development expenses decreased to CNY 1,910,357.89 in Q1 2023 from CNY 3,442,390.66 in Q1 2022, a reduction of 44.54%[17]. - The company did not report any significant new strategies or product developments during the quarter[11]. Inventory - The company reported a significant increase in inventory, which rose to CNY 992,191,739.97 from CNY 853,973,784.07, an increase of 16.19%[12].