上纬新材(688585) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 320,922,706.99, representing a decrease of 34.32% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 17,736,186.07, down 7.54% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 16,879,054.23, a decline of 11.83% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.04, reflecting a decrease of 20.00%[5]. - Total operating revenue for Q1 2023 was CNY 320,922,706.99, a decrease of 34.4% compared to CNY 488,638,160.65 in Q1 2022[16]. - Net profit for Q1 2023 was CNY 17,736,186.07, a decline of 7.5% from CNY 19,182,926.34 in Q1 2022[17]. - Basic earnings per share for Q1 2023 was CNY 0.04, unchanged from Q1 2022[17]. - Other comprehensive income after tax for Q1 2023 was CNY -1,960,912.62, an improvement from CNY -5,655,503.61 in Q1 2022[17]. Cash Flow - The net cash flow from operating activities was negative at CNY -23,891,002.69, indicating a significant cash outflow[5]. - In Q1 2023, the cash inflow from operating activities was CNY 236,226,160.17, compared to CNY 231,325,695.98 in Q1 2022, reflecting a slight increase of 2.5%[20]. - The net cash flow from operating activities was negative at CNY -23,891,002.69, an improvement from CNY -65,715,584.71 in the same period last year[20]. - The cash outflow from investing activities totaled CNY -43,551,803.81, compared to CNY -28,378,373.38 in Q1 2022, indicating a significant increase of 53.5%[21]. - The net cash flow from investing activities was CNY -33,529,612.03, worsening from CNY -9,214,647.15 year-over-year[21]. - Cash inflow from financing activities was CNY 8,292,816.43, a decrease of 95% from CNY 164,668,745.14 in Q1 2022[21]. - The net cash flow from financing activities was CNY 1,376,817.11, down from CNY 44,187,465.21 in the previous year[21]. - The total cash and cash equivalents at the end of Q1 2023 stood at CNY 118,645,178.99, a decrease from CNY 120,205,216.03 in Q1 2022[21]. - The company experienced a negative impact of CNY -701,104.91 from exchange rate fluctuations on cash and cash equivalents[21]. - The cash inflow from sales of goods and services was CNY 232,607,903.23, slightly up from CNY 228,017,786.31 in the previous year[20]. - The company reported a decrease in cash received from tax refunds, totaling CNY 2,123,922.30, down from CNY 3,191,035.81 in Q1 2022[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,719,681,954.60, down 5.71% from the end of the previous year[6]. - As of March 31, 2023, the total assets of the company amounted to RMB 1,719,681,954.60, a decrease from RMB 1,823,746,438.64 as of December 31, 2022, reflecting a decline of approximately 5.7%[13]. - The company's current assets totaled RMB 1,228,908,590.92, down from RMB 1,339,360,611.33, indicating a decrease of about 8.3%[14]. - Total liabilities decreased to CNY 557,041,521.95 in Q1 2023 from CNY 677,265,188.60 in Q1 2022, representing a reduction of 17.7%[16]. - The total liabilities of the company were not explicitly stated, but the current liabilities included accounts payable of RMB 188,289,669.36, down from RMB 204,170,170.15, indicating a decrease of about 7.8%[14]. - The company's inventory increased to RMB 124,734,441.21 from RMB 115,291,280.88, marking an increase of about 8.5%[14]. - Long-term equity investments remained relatively stable at RMB 208,363,133.30, slightly down from RMB 208,638,409.88[14]. - Short-term borrowings decreased to RMB 94,456,868.06 from RMB 144,424,900.39, a reduction of approximately 34.6%[14]. - The company reported a significant increase in other current assets, rising to RMB 41,551,010.91 from RMB 7,117,121.19, reflecting a growth of approximately 484%[14]. Research and Development - Research and development (R&D) expenses totaled CNY 7,586,044.39, accounting for 2.36% of operating revenue, an increase of 0.87 percentage points[6]. - The company reported a decrease in research and development expenses to CNY 7,586,044.39 in Q1 2023 from CNY 7,257,972.47 in Q1 2022, indicating a slight increase of 4.5%[16]. Other Information - The decrease in operating revenue was attributed to fluctuations in raw material market prices, which led to reduced selling prices[7]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. - The company reported a non-recurring gain of CNY 1,000,000.00 from government subsidies related to technological innovation[7].