迎丰股份(605055) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥297,870,183.19, representing a decrease of 4.00% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥9,784,246.95, a decline of 222.62% year-on-year[5]. - The net cash flow from operating activities was -¥93,245,849.12, reflecting a significant decrease of 2,498.32% compared to the previous year[5]. - Basic earnings per share for the period was -¥0.02, a decrease of 222.62% year-on-year[6]. - The net profit excluding non-recurring gains and losses was -¥15,371,266.96, a decline of 362.38% year-on-year[5]. - The company reported a net loss for Q1 2023, with specific figures not disclosed in the provided content[20]. - In Q1 2023, the company reported a net loss of CNY 10,096,340.64, compared to a net profit of CNY 7,808,153.38 in Q1 2022, representing a significant decline[22]. - Operating profit for Q1 2023 was CNY -11,615,279.77, down from CNY 7,965,113.24 in the same period last year[22]. - Total revenue from sales of goods and services was CNY 285,769,409.64, a decrease from CNY 301,290,623.88 in Q1 2022[23]. - Net profit for Q1 2023 was a loss of CNY 1,471,449.00, compared to a profit of CNY 8,178,588.23 in Q1 2022[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,413,099,055.00, an increase of 5.28% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 2,413,099,055.00, an increase from RMB 2,292,177,318.65 at the end of 2022[18]. - Total liabilities as of March 31, 2023, were RMB 1,306,207,886.36, compared to RMB 1,175,189,809.37 at the end of 2022[17]. - Current liabilities increased to RMB 1,224,368,323.17 from RMB 1,089,511,150.36 in the previous period[17]. - The company's equity attributable to shareholders was RMB 1,098,815,792.83, a slight decrease from RMB 1,108,600,039.78 at the end of 2022[18]. - Current liabilities totaled CNY 1,222,920,462.25, up from CNY 1,086,271,500.95 at the end of 2022, indicating increased short-term financial obligations[27]. - The company’s total liabilities increased to CNY 1,304,237,908.70 from CNY 1,169,987,352.79, reflecting a rise in overall debt levels[27]. Cash Flow - Cash and cash equivalents as of March 31, 2023, were RMB 310,917,258.35, down from RMB 450,294,757.62 at the end of 2022[15]. - The net cash flow from operating activities was CNY -93,245,849.12, compared to CNY 3,887,966.77 in Q1 2022, indicating a cash outflow[24]. - Investment activities resulted in a net cash outflow of CNY -112,921,474.45, worsening from CNY -53,772,086.82 in the previous year[24]. - The company raised CNY 259,785,000.00 through financing activities, marking a significant inflow compared to the previous year[24]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 179,402,136.60, down from CNY 104,809,671.83 at the end of Q1 2022[24]. - The company reported a gross profit margin of approximately 11.5% for Q1 2023, down from the previous year's margin[28]. - Cash and cash equivalents decreased to CNY 299,264,638.10 from CNY 432,354,265.37, indicating a decline in liquidity[28]. - The ending cash and cash equivalents balance was $167.75 million, a decrease from $316.78 million at the beginning of the period, indicating liquidity challenges[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,917[11]. - The largest shareholder, Zhejiang Zheyu Holdings Group Co., Ltd., held 49.61% of the shares[12]. Operational Efficiency - The company plans to focus on cost management and operational efficiency to improve future performance[20]. - Operating costs included RMB 263,322,155.01 in operating expenses, which rose slightly from RMB 262,062,069.89 in the previous year[20]. - Cash outflow related to other operating activities surged to $585.53 million from $33.82 million, highlighting increased operational costs[31]. - Research and development expenses for Q1 2023 were CNY 12,081,736.05, compared to CNY 15,458,446.62 in Q1 2022, reflecting a decrease[22]. - Research and development expenses decreased to CNY 10,641,045.62 in Q1 2023 from CNY 15,458,446.62 in Q1 2022, indicating a reduction in R&D investment[28]. Interest and Dividends - The company reported interest expenses of CNY 7,534,002.88 in Q1 2023, up from CNY 5,261,657.96 in the same period last year[22]. - The company paid $7.08 million in dividends and interest, an increase from $5.46 million in the previous year, reflecting a commitment to shareholder returns despite cash flow pressures[31]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2023, maintaining consistency in financial reporting[32].