永和股份(605020) - 2023 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2023 was RMB 938,911,957.70, representing a year-on-year increase of 28.17%[10] - Net profit attributable to shareholders decreased by 59.75% to RMB 29,219,527.47 compared to the same period last year[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 67.39% to RMB 23,345,929.71[10] - Basic and diluted earnings per share were both RMB 0.11, down 59.26% from the previous year[4] - The total profit for Q1 2023 is CNY 41,684,931.76, compared to CNY 94,712,075.67 in Q1 2022, indicating a significant decrease[44] - The net profit attributable to shareholders of the parent company is CNY 29,219,527.47, down from CNY 72,593,663.16 in the same period last year, reflecting a decline of approximately 59.8%[44] - The basic and diluted earnings per share for Q1 2023 are both CNY 0.11, compared to CNY 0.27 in Q1 2022, representing a decrease of 59.3%[45] - The total comprehensive income attributable to shareholders of the parent company is CNY 29,219,527.47, compared to CNY 72,773,603.08 in the same quarter last year, indicating a decline of approximately 59.9%[45] Cash Flow and Liquidity - Operating cash flow for the period was negative at RMB -173,345,339.40, a decrease of 335.52% year-on-year[10] - The company reported an increase in cash payments related to operating activities, impacting cash flow negatively[5] - Cash inflows from operating activities totaled CNY 872,067,058.83, an increase from CNY 813,295,269.90 in Q1 2022[46] - The net cash flow from operating activities for Q1 2023 is -CNY 173,345,339.40, compared to -CNY 39,802,356.42 in Q1 2022, indicating a worsening cash flow situation[50] - Cash outflows from investing activities amounted to CNY 253,839,461.51, down from CNY 305,591,214.64 in the previous year[50] - The net cash flow from financing activities for Q1 2023 is CNY 355,683,756.59, compared to CNY 397,262,476.24 in Q1 2022, showing a decrease of about 10.5%[50] - The ending cash and cash equivalents balance is CNY 100,153,957.53, down from CNY 133,967,882.89 at the end of Q1 2022[50] - The company received CNY 500,200,000.00 in cash from borrowings in Q1 2023, an increase from CNY 423,043,500.00 in Q1 2022[50] Assets and Liabilities - Total assets increased by 5.63% to RMB 5,655,613,362.62 compared to the end of the previous year[4] - Shareholders' equity attributable to the parent company rose by 1.31% to RMB 2,542,176,215.51[4] - Total operating costs for Q1 2023 were ¥900,410,321.11, up 38.2% from ¥651,426,395.29 in Q1 2022[43] - Total liabilities increased to ¥3,112,312,270.00, up 9.4% from ¥2,843,625,914.90[41] - Cash and cash equivalents decreased to ¥144,334,957.53 from ¥224,975,813.57, a decline of 35.8%[38] - Accounts receivable decreased to ¥314,923,955.77 from ¥345,921,128.13, a reduction of 8.9%[38] - Inventory increased significantly to ¥656,504,788.04, up 27.9% from ¥513,268,370.20[38] - Non-current assets totaled ¥3,969,734,333.45, an increase of 6.0% from ¥3,745,055,440.20[40] - Short-term borrowings rose sharply to ¥471,801,979.57 from ¥191,408,138.92, an increase of 146.3%[40] Market Conditions - The decline in net profit was primarily due to overall market conditions and a decrease in product prices, leading to lower gross margins[5]