江航装备(688586) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 305,175,006.16, representing a year-on-year increase of 13.65%[5] - The net profit attributable to shareholders for the same period was CNY 60,206,675.54, reflecting a growth of 6.38% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 53,622,250.24, which increased by 13.10% year-on-year[5] - Total revenue for Q1 2023 reached ¥305,175,006.16, an increase of 13.66% compared to ¥268,522,580.07 in Q1 2022[16] - Operating profit for Q1 2023 was ¥67,709,242.95, up from ¥62,205,087.40 in Q1 2022, reflecting a growth of 8.06%[17] - Net profit for Q1 2023 was ¥60,206,675.54, compared to ¥56,595,989.40 in Q1 2022, indicating an increase of 9.06%[18] - The company reported a total comprehensive income of ¥60,206,675.54 for Q1 2023, compared to ¥56,595,989.40 in Q1 2022, reflecting an increase of 6.67%[18] Earnings and Shareholder Metrics - The basic earnings per share for Q1 2023 was CNY 0.11, down by 21.43% compared to the same period last year[6] - The weighted average return on equity was 2.52%, a decrease of 0.3 percentage points from the previous year[6] - Basic earnings per share for Q1 2023 were ¥0.11, down from ¥0.14 in Q1 2022, a decline of 21.43%[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,560,829,726.14, a decrease of 1.15% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was CNY 2,420,047,692.60, an increase of 2.51% compared to the previous year[6] - Total liabilities decreased to ¥1,140,782,033.54 in Q1 2023 from ¥1,241,221,746.03 in Q1 2022, a reduction of approximately 8.12%[15] - Total equity increased to ¥2,420,047,692.60 in Q1 2023 from ¥2,360,872,861.80 in Q1 2022, representing a growth of 2.53%[15] Cash Flow - The net cash flow from operating activities was negative at CNY -130,531,888.18, which is not applicable for year-on-year comparison[6] - In Q1 2023, the cash inflow from operating activities totaled $93,275,600.10, slightly up from $92,180,071.07 in Q1 2022, representing an increase of approximately 1.2%[20] - The cash outflow from operating activities was $223,807,488.28, down from $272,420,878.26 in Q1 2022, indicating a decrease of about 17.9%[21] - The net cash flow from operating activities was -$130,531,888.18, an improvement from -$180,240,807.19 in the same quarter last year[21] - Cash inflow from investment activities reached $1,142,453,507.28, significantly higher than $584,538,191.78 in Q1 2022, marking an increase of approximately 95.4%[21] - The net cash flow from investment activities was $527,499,249.98, compared to $27,533,278.38 in Q1 2022, reflecting a substantial increase of about 1,815.5%[21] - The cash inflow from financing activities was $20,800.00, while cash outflow totaled $914,100.00, resulting in a net cash flow of -$914,100.00[22] - The net increase in cash and cash equivalents for the quarter was $396,053,261.80, with a closing balance of $1,426,174,198.82[22] Research and Development - Research and development expenses totaled CNY 34,242,577.00, accounting for 11.22% of operating revenue, an increase of 0.98 percentage points[6] - Research and development expenses for Q1 2023 were ¥17,467,040.33, slightly down from ¥18,951,471.11 in Q1 2022, a decrease of 7.81%[16] Current and Non-Current Assets - Accounts receivable increased to RMB 530,059,181.70 from RMB 360,260,942.19, reflecting a rise of about 47.1%[13] - Total current assets decreased slightly to RMB 2,822,642,390.16 from RMB 2,881,302,461.38, a decline of approximately 2.0%[14] - Non-current assets increased to RMB 738,187,335.98 from RMB 720,792,146.45, showing a growth of about 2.0%[14] - Total assets as of March 31, 2023, were RMB 3,560,829,726.14, down from RMB 3,602,094,607.83, a decrease of approximately 1.2%[14] Inventory and Other Assets - The company is actively managing its inventory, which decreased to RMB 659,263,529.66 from RMB 699,900,567.66, a decline of about 5.8%[13] - The company reported a decrease in accounts payable to RMB 477,451,680.39 from RMB 427,932,596.41, an increase of about 11.6%[14] - The company has ongoing investments in fixed assets totaling RMB 544,149,941.90, down from RMB 552,206,922.55, a decrease of approximately 1.5%[14] Shareholder Information - The top shareholder, AVIC Aircraft Systems Co., Ltd., holds 41.02% of the shares, with a total of 231,851,690 shares[10] - The company has a significant number of shareholders, with the largest shareholder holding 34,840,260 shares of common stock, indicating strong institutional support[11]