长龄液压(605389) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 203,928,062.71, a decrease of 26.51% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 26,444,758.91, down 37.34% year-on-year[5] - The basic earnings per share decreased by 58.70% to CNY 0.19[6] - In Q1 2023, the company reported a revenue decline due to a 25.50% year-on-year drop in excavator sales, impacting the sales of its main products, tensioning devices and central swivel joints[15] - Total operating revenue for Q1 2023 was RMB 277,496,693.92, an increase of 36.1% compared to RMB 203,928,062.71 in Q1 2022[22] - Net profit for Q1 2023 reached RMB 42,201,819.32, up 59.5% from RMB 26,444,758.91 in Q1 2022[23] - Operating profit for Q1 2023 was RMB 46,942,877.41, representing a 55.0% increase from RMB 30,269,424.50 in Q1 2022[23] - Gross profit for Q1 2023 was ¥47,741,987.70, down from ¥63,225,490.18 in Q1 2022, reflecting a gross margin decline[31] - Net profit for Q1 2023 was ¥21,167,529.72, a decrease of 45% from ¥38,479,367.38 in Q1 2022[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,083,208,916.22, an increase of 1.26% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to RMB 2,083,208,916.22, an increase from RMB 2,057,287,553.28 at the end of 2022[19] - The company's total liabilities decreased marginally to RMB 206,203,589.30 from RMB 206,726,985.27, indicating a slight improvement in financial stability[19] - Total liabilities as of March 31, 2023, were ¥180,576,733.93, up from ¥174,766,783.45 at the end of 2022[30] - The company’s total equity increased to ¥1,868,855,872.93 from ¥1,847,688,343.21, indicating a growth in shareholder value[30] Cash Flow - The net cash flow from operating activities was CNY 22,101,971.42, not applicable for year-on-year comparison[5] - Cash flow from operating activities for Q1 2023 was RMB 22,101,971.42, a significant improvement from a negative cash flow of RMB 87,025,272.78 in Q1 2022[26] - The company reported a net cash inflow from investment activities of RMB 17,275,689.56 in Q1 2023, compared to RMB 16,281,721.37 in Q1 2022[26] - The net cash flow from operating activities was ¥2,025,057.64, a significant improvement from -¥37,735,747.70 in Q1 2022, indicating a turnaround in operational performance[34] - Total cash inflow from operating activities reached ¥106,590,567.01, up from ¥97,307,788.73 in the same period last year, reflecting a growth of approximately 13.2%[34] - The net cash flow from investing activities was ¥35,547,427.78, a recovery from -¥29,775,732.68 in Q1 2022, showcasing improved investment management[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,897[11] - The top shareholder, Xia Jifa, holds 58,800,000 shares, representing 43.15% of the total shares[11] Operational Metrics - The sales of excavators in the first quarter were 57,471 units, a decline of 25.50% year-on-year, impacting the company's main products[10] - Research and development expenses for Q1 2023 were RMB 8,339,046.41, slightly down from RMB 8,689,387.20 in Q1 2022[22] - Research and development expenses for Q1 2023 were ¥7,764,260.62, compared to ¥8,339,046.41 in Q1 2022, indicating a reduction in R&D spending[31] - The company plans to focus on product innovation and market expansion strategies to counteract the declining sales trend in the excavator market[15]