利元亨(688499) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,265,988,170.92, representing a year-on-year increase of 57.35%[4] - The net profit attributable to shareholders was a loss of CNY 66,863,556.34, a decline of 184.16% 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 CNY 69,143,246.64, down 196.28% year-on-year[4] - The net profit for Q1 2023 was a loss of ¥66,893,750.66, compared to a profit of ¥79,451,140.66 in Q1 2022, indicating a substantial decline in profitability[22] - The net profit for Q1 2023 was a loss of ¥14,147,384.49, contrasting with a profit of ¥78,163,770.75 in Q1 2022, indicating a substantial decline in profitability[31] - The company reported a total comprehensive loss of ¥67,436,364.22 for Q1 2023, compared to a comprehensive income of ¥79,711,808.22 in Q1 2022[23] - The comprehensive income for Q1 2023 was a loss of ¥14,030,317.50, compared to a gain of ¥78,526,293.13 in Q1 2022, highlighting a challenging financial environment[31] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 675,228,131.87, with no applicable percentage change[4] - The cash inflow from operating activities for Q1 2023 was CNY 388,287,706.39, a decrease of 47.9% compared to CNY 745,291,699.77 in Q1 2022[25] - The cash outflow from operating activities totaled CNY 1,063,515,838.26, an increase of 41.7% from CNY 750,131,071.25 in the same period last year[26] - The net cash flow from operating activities was -CNY 675,228,131.87, worsening from -CNY 4,839,371.48 in Q1 2022[26] - Cash and cash equivalents at the end of Q1 2023 were CNY 479,896,892.02, down from CNY 733,420,888.25 at the end of Q1 2022[27] - The company reported a cash and cash equivalents balance of ¥399,423,948.59 at the end of Q1 2023, down from ¥535,832,124.22 at the end of Q1 2022[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,809,883,091.06, up 3.87% from the end of the previous year[5] - The total current assets as of March 31, 2023, amounted to ¥7,183,222,708.34, showing an increase from ¥7,037,218,727.72 at the end of 2022[15] - The company's total liabilities as of Q1 2023 amounted to ¥7,256,211,551.16, compared to ¥6,838,735,068.30 in the previous year, showing an increase of 6.1%[18] - The total liabilities increased to CNY 7,045,246,193.82 from CNY 6,681,333,071.39 at the end of 2022[28] - The company's total equity as of March 31, 2023, was CNY 2,716,281,871.68, slightly up from CNY 2,703,747,870.46 at the end of 2022[29] Research and Development - Research and development expenses totaled CNY 136,080,300.46, an increase of 52.14% year-on-year, accounting for 10.75% of revenue[4] - Research and development expenses increased to ¥136,080,300.46 in Q1 2023, up from ¥89,443,720.10 in Q1 2022, representing a 52.0% increase[21] - Research and development expenses rose to ¥111,910,002.18 in Q1 2023, compared to ¥84,960,483.89 in Q1 2022, reflecting a focus on innovation[30] Operational Challenges - The company faced challenges in profit margins due to high production difficulty and increased costs associated with expanding production capacity[9][10] - The company reported a significant increase in accounts receivable and contract assets due to longer credit terms with lithium battery customers, impacting cash flow[10] - The company incurred financial expenses of ¥17,329,429.86 in Q1 2023, significantly higher than ¥5,452,768.27 in Q1 2022, largely due to increased interest expenses[30] Shareholder Information - The company has a total of 2,255,639 shares held by Ningbo Meishan Bonded Port Area Chen Dao Investment Partnership[14] - The top ten shareholders include major investment firms, indicating a diverse ownership structure[14]