苏利股份(603585) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥552,072,654.56, representing a decrease of 30.53% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥22,139,452.33, down 77.45% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥22,179,166.14, a decrease of 77.13% compared to the previous year[5]. - Basic earnings per share were ¥0.12, down 78.18% compared to the same period last year[5]. - Net profit for Q1 2023 was CNY 19.51 million, a decline of 84.4% from CNY 125.28 million in Q1 2022[20]. - Basic earnings per share for Q1 2023 were CNY 0.12, down from CNY 0.55 in Q1 2022[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥83,284,707.33, up 1,151.67% year-on-year[5]. - The company received increased export tax rebates, contributing to the rise in net cash flow from operating activities[6]. - The company's cash inflow from operating activities for Q1 2023 was not detailed in the provided documents[22]. - In Q1 2023, the cash inflow from operating activities totaled approximately $571.85 million, a decrease of 9.6% compared to $632.37 million in Q1 2022[24]. - The net cash flow from operating activities increased significantly to $83.28 million, compared to only $6.65 million in the same period last year, marking a substantial improvement[24]. - Cash outflow for purchasing goods and services was approximately $358.00 million, down 28.5% from $502.07 million in Q1 2022[24]. - The company reported a net cash outflow from investing activities of approximately -$136.75 million, an improvement from -$343.13 million in Q1 2022[25]. - Cash inflow from financing activities was approximately $48.37 million, a significant decrease from $1.01 billion in Q1 2022[25]. - The net cash flow from financing activities was $38.58 million, down from $945.90 million in the previous year[25]. - The ending cash and cash equivalents balance was approximately $1.70 billion, compared to $1.59 billion at the end of Q1 2022[25]. - The company received tax refunds amounting to approximately $30.36 million, an increase from $16.99 million in Q1 2022[24]. - The total cash outflow for operating activities was approximately $488.56 million, a decrease from $625.72 million in the same quarter last year[24]. - The company experienced a negative impact of approximately -$390,890 from exchange rate fluctuations on cash and cash equivalents[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,265,534,097.78, a decrease of 0.92% from the end of the previous year[5]. - The company's current assets totaled CNY 3,022,631,384.16, down from CNY 3,181,404,276.54, indicating a decrease of about 4.98% year-over-year[15]. - Cash and cash equivalents were reported at CNY 1,854,393,574.82, a decrease from CNY 1,924,266,642.91, representing a decline of approximately 3.63%[14]. - Accounts receivable decreased to CNY 275,807,562.61 from CNY 350,461,210.94, marking a reduction of about 21.34%[14]. - Inventory levels were reported at CNY 338,529,900.21, down from CNY 351,917,979.87, reflecting a decrease of approximately 3.79%[15]. - The company's long-term equity investments stood at CNY 219,625,070.97, slightly down from CNY 220,209,788.04, indicating a decrease of about 0.26%[15]. - Fixed assets decreased to CNY 839,153,644.10 from CNY 861,040,897.26, representing a decline of approximately 2.54%[15]. - The company's total liabilities decreased to CNY 1.91 billion in Q1 2023 from CNY 1.97 billion in Q1 2022, a reduction of 3.5%[17]. - The total equity increased to CNY 3.36 billion in Q1 2023 from CNY 3.34 billion in Q1 2022, reflecting a growth of 0.3%[17]. - The total current liabilities were not specified, but short-term borrowings decreased significantly from CNY 13,130,896.65 to CNY 4,935,784.06, a reduction of about 62.47%[15]. Market and Operational Insights - The decline in revenue was primarily due to decreased demand in the industry and a drop in both sales prices and quantities of major products[6]. - The company experienced a significant increase in sales expenses by 35.29% as it actively expanded into domestic and international markets[9]. - The report indicates that there are no significant new strategies or product developments mentioned for the upcoming quarters[14]. - The company plans to focus on market expansion and new product development in the upcoming quarters[22]. - Research and development expenses for Q1 2023 were CNY 31.37 million, slightly down from CNY 32.08 million in Q1 2022[19]. - The company reported an investment loss of CNY 277,693.54 in Q1 2023, compared to a gain of CNY 1.14 million in Q1 2022[20]. - The company reported a total of 72,000,000 shares held by its largest shareholder, accounting for 40% of the total shares[12].