五洲特纸(605007) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,258,385,503.70, representing a decrease of 5.45% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 29,821,102.06, a decline of 128.93% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 14,262,652.56, down 113.93% from the previous year[5] - The basic and diluted earnings per share were both CNY -0.07, reflecting a decrease of 126.92% compared to the same period last year[6] - The weighted average return on equity was -1.36%, a decrease of 6.12 percentage points year-on-year[6] - The company reported a net loss for Q1 2023, with total operating costs exceeding total operating revenue[18] - Operating profit for Q1 2023 was -26,442,732.83 RMB, down from 127,787,793.00 RMB in the same period last year[19] - The company reported a total comprehensive income of -29,821,102.06 RMB for Q1 2023, compared to 103,077,298.26 RMB in Q1 2022[20] - The basic and diluted earnings per share for Q1 2023 were both -0.07 RMB, compared to 0.26 RMB in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,959,035,575.15, an increase of 5.97% from the end of the previous year[6] - The equity attributable to shareholders of the listed company was CNY 2,177,445,174.42, a decrease of 1.18% from the previous year[6] - Total assets reached RMB 6,959,035,575.15 as of March 31, 2023, compared to RMB 6,566,918,548.27 at the end of 2022, reflecting a growth of 6.0%[16] - Total liabilities amounted to RMB 4,781,590,400.73 as of March 31, 2023, an increase of 9.5% from RMB 4,363,561,428.41 at the end of 2022[16] - Shareholders' equity decreased to RMB 2,177,445,174.42 as of March 31, 2023, down from RMB 2,203,357,119.86 at the end of 2022, a decline of 1.2%[16] Cash Flow and Investments - The net cash flow from operating activities was a negative CNY 57,008,944.79, which is not applicable for year-on-year comparison[5] - Cash and cash equivalents increased to RMB 1,214,951,262.08 as of March 31, 2023, up from RMB 777,056,580.31 at the end of 2022, representing a growth of 56.2%[14] - Cash flow from financing activities in Q1 2023 was 347,288,161.89 RMB, an increase from 317,838,134.55 RMB in Q1 2022, indicating stronger financing efforts[23] - The cash flow from operating activities in Q1 2023 was -57,008,944.79 RMB, an improvement from -72,601,987.85 RMB in Q1 2022[22] - Cash and cash equivalents at the end of Q1 2023 totaled 667,098,997.88 RMB, compared to 118,004,881.24 RMB at the end of Q1 2022[23] Costs and Expenses - Total operating costs for Q1 2023 were RMB 1,272,086,732.98, an increase of 7.1% from RMB 1,187,138,163.54 in Q1 2022[18] - The main reason for the decline in net profit was the increase in raw material costs compared to the previous year[8] - Research and development expenses in Q1 2023 were 12,086,469.65 RMB, down from 27,770,214.27 RMB in Q1 2022, indicating a reduction in investment in innovation[19] - Financial expenses for Q1 2023 were 17,768,693.28 RMB, a decrease from 25,282,573.85 RMB in Q1 2022, reflecting improved cost management[19] Strategic Focus - The company plans to focus on improving operational efficiency and reducing costs in the upcoming quarters[18] - The company is exploring new product development and market expansion strategies to enhance revenue streams[18]