AIHUA GROUP(SH:603989)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥705,210,844.51, representing a decrease of 18.88% compared to the same period last year [5] - The net profit attributable to shareholders for Q1 2023 was ¥90,430,766.93, down 21.27% year-over-year [5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,107,085.02, a decline of 27.87% compared to the previous year [5] - The basic earnings per share for Q1 2023 was ¥0.2256, down 21.28% from the same period last year [5] - Total operating revenue for Q1 2023 was CNY 705,210,844.51, a decrease of 19% compared to CNY 869,316,471.71 in Q1 2022 [20] - Net profit for Q1 2023 was CNY 90,153,219.02, a decline of 23% from CNY 116,651,589.43 in Q1 2022 [21] - Earnings per share for Q1 2023 were CNY 0.2256, compared to CNY 0.2866 in Q1 2022, representing a decrease of 21% [22] - The company reported a total comprehensive income of CNY 90,153,219.02 for Q1 2023, down from CNY 116,651,589.43 in Q1 2022 [22] Cash Flow - The net cash flow from operating activities was ¥13,493,128.06, reflecting a significant decrease of 52.20% year-over-year, primarily due to increased cash payments for materials and taxes [9] - The net cash outflow from operating activities was approximately $563.12 million, up from $478.69 million in the same period last year, resulting in a net cash flow from operating activities of $13.49 million, down 52.3% from $28.23 million [25] - The cash inflow from investment activities totaled approximately $225.57 million, a decrease of 23% from $292.69 million in Q1 2022 [25] - The net cash flow from investment activities was approximately $112.10 million, an increase of 15.4% compared to $97.11 million in the previous year [25] - The cash inflow from financing activities was approximately $253.75 million, significantly higher than $100.24 million in Q1 2022 [25] - The net cash flow from financing activities was approximately $243.22 million, compared to $63.76 million in the same quarter last year, marking a substantial increase [25] - The company paid approximately $31.97 million in taxes during Q1 2023, an increase of 58% from $20.25 million in the same period last year [25] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥5,541,461,530.67, an increase of 2.91% compared to the end of the previous year [6] - Total liabilities as of Q1 2023 amounted to CNY 2,055,161,879.57, an increase from CNY 1,988,386,260.31 in the previous year [19] - The equity attributable to shareholders at the end of Q1 2023 was ¥3,442,770,105.57, up 2.70% from the previous year-end [6] - Total equity attributable to shareholders was CNY 3,442,770,105.57, up from CNY 3,352,339,338.64 year-over-year [19] - Current assets totaled RMB 3,824,167,356.27, up from RMB 3,663,296,110.88, indicating an increase of about 4.39% [17] - Cash and cash equivalents reached RMB 553,365,018.60, significantly higher than RMB 188,820,184.60 reported at the end of 2022, marking an increase of approximately 194.77% [16] - The total receivables decreased to RMB 1,152,439,876.07 from RMB 1,355,905,446.10, a decline of approximately 15.00% [17] Investments and Projects - The company has invested RMB 7,836.21 million in the relocation and expansion project of its subsidiary, with the project progressing on schedule [13] - The company holds a 16% stake in Zhejiang Kain Special Paper Co., Ltd., acquired for RMB 1,000.00 million, enhancing its investment portfolio [14] - The company decided not to redeem the "Ai Hua Convertible Bonds" early, protecting investor interests amid current market conditions [14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,992 [11] - The company reported a total of 190,493,063 shares held by its largest shareholder, Hunan Ai Hua Holdings Co., Ltd., representing 47.53% of total shares [12] Research and Development - Research and development expenses for Q1 2023 were CNY 40,573,631.20, slightly down from CNY 42,407,887.57 in Q1 2022 [20] Financial Expenses - Financial expenses increased to CNY 15,767,311.84 in Q1 2023, compared to CNY 8,695,215.69 in Q1 2022, indicating a rise of approximately 81% [20] Return on Equity - The weighted average return on equity decreased by 1.07 percentage points to 2.70% [5]