万润新能(688275) - 2023 Q1 - 季度财报

Revenue and Profitability - The company's revenue for Q1 2023 was ¥3,098,487,532.71, representing a year-on-year increase of 101.68%[4] - The net profit attributable to shareholders was a loss of ¥33,786,386.62, a decrease of 114.50% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥41,598,618.57, down 118.05% year-on-year[4] - The basic and diluted earnings per share were both -¥0.40, reflecting a decrease of 110.88% year-on-year[4] - Net profit for Q1 2023 was a loss of ¥38,872,802.54, compared to a profit of ¥232,274,167.08 in Q1 2022, indicating a substantial decline in profitability[20] - Basic and diluted earnings per share for Q1 2023 were both -¥0.40, a decline from ¥3.64 in Q1 2022[21] Cash Flow and Operating Activities - The net cash flow from operating activities was a negative ¥1,611,876,385.71, with no applicable percentage change[4] - Cash flow from operating activities was ¥3,278,860,770.37 in Q1 2023, compared to ¥842,841,354.64 in Q1 2022, showing a significant increase of 288.5%[23] - The cash flow from operating activities showed a substantial increase in outflows, highlighting potential challenges in operational efficiency[24] - The company paid 4,856,738,278.25 in cash for goods and services, reflecting a significant increase in operational expenditures[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,971,241,770.26, a decrease of 4.47% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to approximately ¥18.97 billion, a decrease from ¥19.86 billion as of December 31, 2022, reflecting a decline of about 4.5%[16] - The company's total current liabilities rose to approximately ¥2.24 billion, up from ¥1.64 billion, indicating an increase of about 36.5%[17] - The total liabilities decreased to ¥10,393,781,266.46 in Q1 2023 from ¥11,136,076,666.32 in Q1 2022, a reduction of approximately 6.7%[19] - The total equity attributable to shareholders was ¥8,537,300,868.47 in Q1 2023, down from ¥8,590,233,845.73 in Q1 2022, reflecting a decrease of about 0.6%[19] Research and Development - Research and development expenses totaled ¥136,346,342.40, an increase of 169.20% compared to the previous year[6] - The proportion of R&D expenses to revenue was 4.40%, up 1.10 percentage points year-on-year[6] - Research and development expenses increased to ¥136,346,342.40 in Q1 2023, up from ¥50,648,423.10 in Q1 2022, representing a growth of 169.5%[19] Investment Activities - The company reported an investment loss of ¥30,317,969.12 in Q1 2023, compared to a loss of ¥4,629,760.82 in Q1 2022, indicating a worsening investment performance[20] - Total cash inflow from investment activities was 1,352,681,961.17, while cash outflow was 750,964,171.31, resulting in a net cash flow of 601,717,789.86 from investment activities[24] - Cash received from investment income was 6,656,654.13, indicating ongoing investment activities[24] Operational Challenges - The significant loss in net profit was primarily due to increased asset impairment losses from the sharp decline in the price of lithium carbonate, a key raw material[9] - The company has not reported any new product launches or technological advancements in this quarter[15] - There are no significant mergers or acquisitions reported during this period[15] - The company is adapting to new accounting standards starting in 2023, which may impact future financial reporting[25]