久日新材(688199) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥265,902,365.16, representing a decrease of 37.14% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥17,849,017.84, a decline of 132.59% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥24,293,284.17, reflecting a decrease of 151.03% compared to the previous year[4] - The net cash flow from operating activities was negative at ¥40,395,654.20, a decline of 207.85% year-over-year[4] - The company attributed the decline in revenue and profit to external market conditions and a decrease in sales prices of photoinitiators, despite a slight increase in sales volume[8] - Net profit for Q1 2023 was a loss of ¥20,798,143.39, compared to a profit of ¥60,206,842.13 in Q1 2022[18] - The company reported a gross profit margin of -5.4% in Q1 2023, compared to 14.0% in Q1 2022[17] - Operating profit for Q1 2023 was a loss of ¥12,368,402.33, compared to a loss of ¥473,781.76 in Q1 2022[30] - Net profit for Q1 2023 was a loss of ¥12,963,550.35, compared to a loss of ¥1,003,382.62 in Q1 2022, indicating a worsening financial performance[30] Research and Development - The total R&D investment amounted to ¥14,621,941.34, which is a decrease of 31.06% compared to the previous year[4] - R&D investment accounted for 5.50% of operating revenue, an increase of 0.49 percentage points year-over-year[5] - Research and development expenses for Q1 2023 were ¥14,621,941.34, a decrease of 30.8% from ¥21,208,575.74 in Q1 2022[17] - Research and development expenses decreased to ¥3,553,060.76 in Q1 2023 from ¥5,092,449.04 in Q1 2022, reflecting a 30.3% reduction[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,063,682,545.30, a decrease of 1.03% from the end of the previous year[5] - The company's total assets amounted to CNY 4,063,682,545.30, a decrease from CNY 4,105,789,706.50 at the end of 2022, reflecting a decline of approximately 1.02%[13] - The total current assets decreased to CNY 1,825,154,911.49 from CNY 1,896,250,492.13, indicating a reduction of approximately 3.73%[14] - The company's total liabilities increased to CNY 1,800,000,000.00, reflecting a rise in financial obligations[14] - The company's total liabilities decreased to ¥1,255,835,304.83 in Q1 2023 from ¥1,279,229,157.38 in Q1 2022[16] - Total liabilities reached CNY 1.28 billion, with current liabilities at CNY 930.55 million and non-current liabilities at CNY 348.68 million[38] - The company's total liabilities increased to 472,416,697.09 RMB from 446,077,648.21 RMB, indicating a rise in financial obligations[26] Cash Flow - The net cash flow from operating activities was -40,395,654.20 RMB, a significant decline compared to 37,454,291.96 RMB in the previous year, indicating a negative cash flow trend[22] - Cash flow from operating activities was ¥224,371,631.59 in Q1 2023, down 39.0% from ¥367,953,548.42 in Q1 2022[21] - The net cash flow from financing activities was 73,535,817.62 RMB, down from 148,878,918.15 RMB in the previous year, suggesting a decrease in financing efficiency[23] - The cash flow from investment activities showed a net increase of 60,626,737.18 RMB, a significant improvement from a net outflow of -244,329,279.32 RMB in the previous year[22] - The company achieved cash inflow from investment activities of ¥760,122,843.38 in Q1 2023, compared to ¥284,208,949.98 in Q1 2022[32] Shareholder Information - The number of shares held by the top shareholder, Zhao Guofeng, is 19,771,609, representing 17.78% of the total shares[12] - The company has a share repurchase account holding 2,821,248 shares, accounting for 2.54% of the total share capital[12] - The total equity attributable to shareholders was ¥2,706,190,529.17 in Q1 2023, slightly down from ¥2,722,303,782.74 in Q1 2022[16] - Shareholders' equity totaled CNY 2.83 billion, with retained earnings of CNY 599.70 million[39] Inventory and Current Assets - Inventory levels decreased to CNY 328,494,119.38 from CNY 376,395,490.72, showing a decline of about 12.74%[14] - The company's receivables from accounts increased to CNY 206,480,187.18 from CNY 188,958,277.39, marking a rise of about 9.43%[13] - The company's total current assets were 1,681,516,241.08 RMB, slightly up from 1,672,370,769.20 RMB year-over-year, indicating stable asset management[24] Financial Ratios and Metrics - The weighted average return on net assets was -0.66%, a decrease of 2.64 percentage points compared to the previous year[4] - Basic and diluted earnings per share for Q1 2023 were both -¥0.16, compared to ¥0.51 in Q1 2022[19] - The company reported an investment loss of ¥419,077.07 in Q1 2023, compared to a profit of ¥8,523,345.98 in Q1 2022[18] - The company's financial expenses showed a significant improvement, with a net financial expense of -¥103,604.00 in Q1 2023 compared to ¥1,809,197.88 in Q1 2022[28]