江山欧派(603208) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥682,215,079.79, representing a year-on-year increase of 38.98%[5] - The net profit attributable to shareholders for the same period was ¥58,500,872.44, reflecting a growth of 5.64% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥38,298,377.20, showing a significant increase of 361.98% year-on-year[6] - The basic earnings per share for Q1 2023 was ¥0.43, a decrease of 4.88% compared to the same period last year[6] - Operating profit for Q1 2023 was CNY 65,167,959.73, up from CNY 62,598,040.03 in the same period last year, reflecting a growth of 9.0%[26] - The company reported a total comprehensive income of CNY 56,012,953.27 for Q1 2023, compared to CNY 54,175,209.66 in Q1 2022, showing a growth of 3.4%[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,276,383,058.74, down 4.24% from the end of the previous year[6] - Total current assets amounted to 2,505,136,073.09 CNY, down from 2,691,262,869.27 CNY at the end of 2022, reflecting a decrease of approximately 6.9%[23] - Total liabilities decreased from 2,994,829,980.32 CNY at the end of 2022 to 2,749,269,345.67 CNY as of March 31, 2023, a reduction of approximately 8.2%[24] - The total equity attributable to shareholders was CNY 1,414,661,297.83, with retained earnings of CNY 649,464,318.53[36] Cash Flow - The cash flow from operating activities showed a net outflow of ¥33,532,838.62, which is not applicable for comparison[6] - The net cash flow from operating activities for Q1 2023 was -33,532,838.62 RMB, an improvement from -146,100,768.31 RMB in Q1 2022[30] - Total cash outflow from investing activities was 46,598,029.04 RMB, compared to 365,840,230.28 RMB in the previous year, resulting in a net cash flow of -46,597,177.54 RMB[30] - Cash inflow from financing activities amounted to 85,000,000.00 RMB, with cash outflow totaling 60,538,740.96 RMB, leading to a net cash flow of -788,432.50 RMB[31] - The company's total cash and cash equivalents at the end of Q1 2023 were 834,146,224.85 RMB, down from 915,326,393.50 RMB at the beginning of the quarter[31] Operating Costs and Expenses - The company's operating costs increased by 44.98%, primarily due to the corresponding increase in revenue[7] - Total operating costs for Q1 2023 were CNY 632,843,420.05, an increase of 33.4% from CNY 474,763,278.04 in Q1 2022[25] - Financial expenses surged by 186.20%, mainly due to the increased interest expenses related to convertible bonds[7] - Research and development expenses for Q1 2023 amounted to CNY 23,078,140.35, up from CNY 19,868,617.89 in Q1 2022, reflecting a growth of 16.6%[25] Shareholder Information - The top ten shareholders hold a total of 77.61% of the company's shares, with the largest shareholder, Wu Shuigen, holding 29.08%[10] - The company has a repurchase account holding 1,293,805 shares, accounting for 0.95% of the total share capital[10] - The company has repurchased a total of 1,293,831 shares, which is 0.95% of the total share capital, with a total expenditure of 50,915,481.85 CNY[20] - The maximum repurchase price was adjusted to 45.58 CNY per share due to the implementation of the 2021 annual equity distribution plan[20] Investments and Projects - The total investment for the fire door production line project is approximately RMB 450 million, with an annual design capacity of 200,000 sets[12] - The company has approved a comprehensive credit limit and guarantee of up to RMB 2 billion for its subsidiaries[13] - The company has engaged in a capital increase for its subsidiaries to support their operational needs[13] - The company plans to expand its market presence through the new fire door production line to meet diverse market demands[12] Other Financial Metrics - The weighted average return on equity increased by 1.09 percentage points to 4.05%[6] - The company reported a decrease in inventory from 455,987,351.62 CNY at the end of 2022 to 448,500,085.96 CNY as of March 31, 2023, a reduction of about 1.1%[23] - The company has a significant number of pledged shares among its top shareholders, indicating potential liquidity concerns[10] - The company is focused on developing high-quality fire doors to adapt to market needs[12] - The company has implemented new accounting standards starting in 2023, which may affect the financial reporting of deferred tax assets and liabilities[31]