卓越新能(688196) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥896,150,775.92, representing a decrease of 8.30% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥71,201,402.37, down 28.87% year-over-year[5]. - The net profit after deducting non-recurring gains and losses was ¥68,035,081.56, reflecting a decline of 30.57%[5]. - The basic earnings per share for the period was ¥0.59, a decrease of 28.92%[6]. - Total revenue for Q1 2023 was ¥896,150,775.92, a decrease of 8.3% compared to ¥977,270,412.58 in Q1 2022[19]. - Net profit for Q1 2023 was ¥71,201,402.37, a decline of 29.0% from ¥100,093,359.16 in Q1 2022[20]. - Earnings per share for Q1 2023 was ¥0.59, compared to ¥0.83 in Q1 2022, indicating a decrease of 28.9%[21]. Cash Flow - The net cash flow from operating activities was negative at -¥140,942,730.44, primarily due to an increase in accounts receivable[5][9]. - Cash inflow from operating activities in Q1 2023 was ¥844,098,188.12, down from ¥1,009,179,310.11 in Q1 2022, a decrease of 16.4%[21]. - In Q1 2023, the net cash flow from operating activities was -$140.94 million, a significant decline from $12.21 million in Q1 2022[22]. - Total cash inflow from investment activities was $341.66 million, down from $517.29 million in the same period last year[22]. - The net cash outflow from investment activities was -$393.68 million, compared to -$146.65 million in Q1 2022, indicating increased investment expenditures[22]. - Cash inflow from financing activities amounted to $270 million, with a net cash flow of $211.36 million, a turnaround from -$3.35 million in Q1 2022[22]. - The company reported a total cash outflow of $58.64 million from financing activities, significantly higher than $3.35 million in Q1 2022[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,286,740,974.68, an increase of 10.09% from the end of the previous year[6]. - The company's current assets totaled RMB 1,865,746,917.00, down from RMB 1,921,805,488.24 at the end of 2022, indicating a decrease of about 2.9%[16]. - The total liabilities as of March 31, 2023, amounted to ¥431,733,888.70, significantly increasing from ¥201,690,637.03 as of December 31, 2022[18]. - Non-current liabilities rose to ¥335,536,964.95 in Q1 2023, compared to ¥54,681,706.22 in Q4 2022, marking a substantial increase[18]. - The company's total equity as of March 31, 2023, was ¥2,855,007,085.98, up from ¥2,783,805,684.21 at the end of 2022, reflecting a growth of 2.6%[18]. Research and Development - Research and development expenses totaled ¥34,933,604.06, down 11.53% from the previous year, accounting for 3.90% of operating revenue[6]. - Research and development expenses for Q1 2023 were ¥34,933,604.06, a decrease from ¥39,488,195.01 in Q1 2022, indicating a reduction of 11.5%[19]. Inventory and Receivables - The company's inventory stood at RMB 443,257,629.68, a decrease from RMB 473,492,418.58, which is a reduction of about 6.4%[16]. - The accounts receivable increased to RMB 209,420,086.97 from RMB 1,117,977.31, showing a substantial rise in receivables[15]. - The company reported a significant increase in other receivables, which rose to RMB 42,708,161.72 from RMB 19,667,311.16, reflecting a growth of approximately 117.5%[16]. Other Financial Metrics - The return on equity (ROE) was 2.53%, a decrease of 1.44 percentage points compared to the previous year[6]. - The cash and cash equivalents decreased to RMB 386,479,102.64 from RMB 722,589,110.95, representing a decline of approximately 46.5%[15]. - The company's fixed assets decreased slightly to RMB 650,667,377.29 from RMB 657,384,899.21, indicating a decline of about 1.0%[16]. - The company has not reported any significant new product developments or market expansions in the current quarter[14].