春秋电子(603890) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥694,590,589.54, representing a decrease of 24.75% compared to the same period last year[6] - The net profit attributable to shareholders was -¥29,044,692.78, a decline of 159.21% year-on-year[6] - Net profit for Q1 2023 was a loss of ¥34,980,438.54, compared to a profit of ¥46,173,029.66 in Q1 2022[22] - The company's gross profit margin decreased significantly, leading to an operating loss of ¥28,236,871.83 in Q1 2023, compared to an operating profit of ¥58,856,542.30 in Q1 2022[21] - The total liabilities increased to ¥2,701,875,018.55 in Q1 2023 from ¥2,404,300,523.65 in Q1 2022, reflecting a growth of 12.4%[21] - The total equity attributable to shareholders increased to ¥2,716,904,826.32 in Q1 2023 from ¥2,648,495,479.53 in Q1 2022, marking a rise of 2.6%[21] - Basic and diluted earnings per share for Q1 2023 were both -¥0.07, compared to ¥0.11 in Q1 2022[22] - Other comprehensive income after tax for Q1 2023 was -¥405,594.54, compared to -¥121,308.74 in Q1 2022[22] Cash Flow - The net cash flow from operating activities increased by 82.64% to ¥82,640,000[8] - In Q1 2023, the company reported cash inflows from operating activities of CNY 1,077,335,092.64, a decrease of 3.8% compared to CNY 1,120,157,714.55 in Q1 2022[24] - The net cash flow from operating activities increased significantly to CNY 208,822,251.16, up 82.8% from CNY 114,337,870.98 in the same period last year[24] - Cash outflows for purchasing goods and services decreased to CNY 656,568,590.57, down 19.9% from CNY 820,172,151.45 in Q1 2022[24] - The company experienced a net cash outflow from investing activities of CNY 20,504,493.77, an improvement from a net outflow of CNY 233,544,400.71 in Q1 2022[25] - Cash inflows from financing activities totaled CNY 806,093,560.71, a significant increase from CNY 358,542,981.66 in the previous year[25] - The net cash flow from financing activities improved to CNY 446,907,575.77, compared to CNY 68,837,708.41 in Q1 2022[25] - The company's cash and cash equivalents at the end of Q1 2023 reached CNY 1,028,879,826.44, up from CNY 627,163,917.09 at the end of Q1 2022[25] - The company received CNY 33,418,000.48 in tax refunds, down 50.7% from CNY 67,745,808.84 in Q1 2022[24] - The total cash outflow for operating activities was CNY 868,512,841.48, a decrease of 13.6% from CNY 1,005,819,843.57 in the same quarter last year[24] - The company reported a decrease in cash inflows from investment activities to CNY 16,005,752.23, down from CNY 107,977,283.67 in Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,550,894,061.76, up 6.94% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to RMB 5,550,894,061.76, an increase from RMB 5,190,845,965.83 at the end of 2022, reflecting a growth of approximately 6.9%[17] - The company's total current liabilities decreased to RMB 1,857,608,561.39 from RMB 2,021,062,286.66, a reduction of about 8.1%[17] Strategic Developments - The company issued ¥570 million in convertible bonds during the reporting period, significantly impacting cash flow and liabilities[9] - The company successfully issued convertible bonds "Chun 23 Convertible Bonds" raising RMB 570 million for the automotive electronic magnesium-aluminum structural components project, marking a significant milestone for the company's development in automotive electronics[13] - The automotive electronics segment has entered mass production, with expectations for increasing orders in the future, driven by the growth in the new energy vehicle market[14] - The company anticipates a positive revenue and gross profit growth starting from Q2 2023, supported by the recovery in the notebook computer industry and the expansion of the automotive electronics sector[14] - The company has established partnerships with multiple new energy vehicle brands and their suppliers, enhancing its market position in the automotive electronics field[14] - The company’s "one body, two wings" strategic framework is expected to strongly support its profitability and growth potential[14] - The magnesium-aluminum materials are increasingly applied in new energy vehicles due to their lightweight and high-strength properties, positioning the company favorably in the market[14] Expenses - The company experienced a 74.49% increase in selling expenses, primarily due to increased consulting fees[8] - The company recorded a loss of -136.41% in investment income, mainly due to foreign exchange impacts[8] - The company reported a significant increase in financial expenses, totaling ¥19,856,834.62 in Q1 2023, compared to ¥10,580,696.55 in Q1 2022[21]