东方电缆(603606) - 2023 Q1 - 季度财报

Financial Performance - The company reported a total operating revenue of RMB 1,437,884,633.02 for Q1 2023, a decrease of 20.82% compared to the same period last year[5]. - Net profit attributable to shareholders was RMB 255,806,690.80, reflecting an 8.10% decline year-on-year, but a 141.18% increase quarter-on-quarter[10]. - The basic earnings per share for the period was RMB 0.37, down 7.50% from the previous year[6]. - Total operating revenue for Q1 2023 was ¥1,437,884,633.02, a decrease of 20.85% compared to ¥1,816,070,541.74 in Q1 2022[16]. - Net profit for Q1 2023 was ¥255,806,690.80, a decrease of 8.06% from ¥278,348,645.49 in Q1 2022[17]. - Basic earnings per share for Q1 2023 was ¥0.37, compared to ¥0.40 in Q1 2022[17]. - Total profit for Q1 2023 was ¥296,114,506.73, a decrease of 8.74% from ¥324,464,464.36 in Q1 2022[17]. - Research and development expenses for Q1 2023 were ¥47,772,846.18, a decrease of 12.25% from ¥54,497,254.55 in Q1 2022[16]. - Other comprehensive income after tax for Q1 2023 was ¥34,354,474.76, compared to ¥38,477,222.70 in Q1 2022[17]. Cash Flow - The company reported a net cash flow from operating activities of RMB -327,470,142.65, indicating a negative cash flow situation[5]. - Cash flow from operating activities for Q1 2023 was negative at -¥327,470,142.65, an improvement from -¥844,093,061.52 in Q1 2022[19]. - Total cash outflow from operating activities was ¥1,353,016,865.99, down from ¥1,942,075,427.29 in Q1 2022[19]. - Total cash inflow from investment activities amounted to ¥10,010,000[20]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥221,138,869.78[20]. - Net cash flow from investment activities was -¥235,404,369.78, a decrease of ¥101,786,481.66 compared to the previous period[20]. - Cash inflow from financing activities totaled ¥300,000,000[20]. - Cash outflow for debt repayment was ¥100,000,000[20]. - Net cash flow from financing activities was -¥109,791,526.66, compared to an inflow of ¥261,019,966.75 in the previous period[20]. - The impact of exchange rate changes on cash and cash equivalents was -¥2,736,314.33[20]. - The net decrease in cash and cash equivalents was -¥675,402,353.42, compared to -¥684,831,045.17 in the previous period[20]. - The ending balance of cash and cash equivalents was ¥1,307,050,648.74[20]. Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 9,626,954,248.67, representing a 4.78% increase from the end of the previous year[6]. - Current assets total RMB 7.161 billion, an increase from RMB 6.831 billion in the previous period, with cash and cash equivalents at approximately RMB 1.601 billion[13]. - Inventory has increased to RMB 1.624 billion from RMB 1.321 billion, indicating a growth in stock levels[13]. - Total liabilities amount to RMB 4.015 billion, up from RMB 3.694 billion, reflecting an increase in financial obligations[14]. - The total equity attributable to shareholders is RMB 5.612 billion, compared to RMB 5.494 billion in the previous period, showing a growth in shareholder value[15]. - The company reported a significant increase in accounts receivable, rising to RMB 2.993 billion from RMB 2.336 billion, indicating higher sales on credit[12]. Strategic Initiatives - The company has strengthened strategic cooperation and market expansion in sectors such as power construction and marine oil and gas, winning several key projects[10]. - The company has secured an international project with Qatar's NFXP for submarine cable in the marine oil and gas sector, marking a significant step in its internationalization strategy[11]. - The company signed a preliminary engineering agreement worth approximately RMB 14 million with Inch Cape Offshore Limited for a total planned capacity of 1.08 million kW in the offshore wind power project[11]. - As of the report date, the company has an order backlog of approximately RMB 8.931 billion, including RMB 5.014 billion for submarine cable systems, RMB 2.448 billion for land cable systems, and RMB 1.469 billion for marine engineering[11]. - The company is committed to adhering to IEC standards and Cigre specifications for its projects, ensuring compliance and quality in its offerings[11]. - The company plans to further expand its market presence and product offerings in the offshore wind power sector, leveraging its recent project wins[11]. Government Support - The company received government subsidies amounting to RMB 3,314,366.01 during the reporting period[7]. Shareholder Information - The total number of shareholders at the end of the reporting period was 85,217, with the largest shareholder holding 31.63% of the shares[8].