XWXN(SH:688778)2023-04-21 16:00Financial Performance - In Q1 2023, the company's operating revenue decreased by 40.67% compared to the same period last year, primarily due to a decline in end-user consumption demand [10]. - The net profit attributable to shareholders of the listed company fell by 46.17% in Q1 2023, impacted by the performance of the company's new energy lithium battery cathode materials [10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 33.63% in Q1 2023, due to a drop in sales and a significant decline in raw material prices affecting overall profitability [10]. - Basic earnings per share decreased by 55.29% in Q1 2023, indicating a notable decline in earnings performance [10]. - Total operating revenue for Q1 2023 was ¥3,586,248,672.17, a decrease of approximately 40.5% compared to ¥6,044,132,737.59 in Q1 2022 [44]. - Total comprehensive income attributable to the parent company was CNY 112,530,409.00, a decrease from CNY 210,979,985.22 in the previous year, reflecting a decline of approximately 46.6% [46]. - Basic and diluted earnings per share were CNY 0.38, down from CNY 0.85, representing a decrease of about 55.3% [46]. Assets and Liabilities - Total assets as of the end of Q1 2023 amounted to approximately RMB 13.67 billion, down from RMB 15.38 billion at the end of the previous period [18]. - Current assets totaled approximately RMB 8.99 billion, compared to RMB 11.05 billion in the previous period [18]. - Non-current assets increased to approximately RMB 4.67 billion, up from RMB 4.33 billion in the previous period [18]. - The company's total liabilities amount to ¥5,209,360,689.10, down from ¥7,030,205,879.46 in the previous year [29]. - The total equity attributable to shareholders of the listed company is ¥8,312,132,455.52, an increase of 1.37% from ¥8,199,543,116.53 in the previous year [30]. Cash Flow - The net cash flow from operating activities increased significantly to ¥676,811,102.32, compared to ¥69,475,646.73 in the same period last year, representing a 1,520.77% increase [30]. - Net cash flow from operating activities was CNY 676,811,102.32, significantly up from CNY 41,758,544.48, indicating a substantial increase in operational efficiency [47]. - Cash inflow from investment activities totaled CNY 452,230,059.88, compared to CNY 201,580,152.21 in the previous year, marking an increase of approximately 124.5% [47]. - Net cash flow from investment activities was negative at CNY -276,851,478.91, worsening from CNY -52,703,108.26, indicating increased investment outflows [47]. - Cash inflow from financing activities was CNY 402,000,000.00, down from CNY 907,355,257.79, reflecting a decrease of about 55.7% [47]. - Net cash flow from financing activities was CNY 165,262,657.39, a significant decline from CNY 684,109,810.85, indicating reduced financing activities [47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,033, with the largest shareholder holding 50.26% of the shares [12]. Research and Development - Research and development expenses totaled ¥111,418,932.76, a decrease of 43.19% from ¥190,926,100.49 in the previous year [30]. - The proportion of R&D expenses to operating revenue is 3.11%, a decrease of 0.13 percentage points compared to 3.23% in the previous year [30]. - R&D expenses in Q1 2023 amounted to ¥111,418,932.76, a decrease of 43.2% from ¥196,125,804.54 in Q1 2022 [44]. Other Financial Metrics - The company reported an asset impairment loss of ¥54,803,245.67, compared to ¥36,048,489.89 in the previous year [22]. - Other income for Q1 2023 was ¥19,207,243.47, a significant decrease from ¥69,594,848.92 in Q1 2022 [44]. - The net credit impairment loss for Q1 2023 was ¥100,821,840.20, compared to a gain of ¥27,427,435.77 in Q1 2022 [44]. - Cash received from sales of goods and services was CNY 4,316,666,162.25, up from CNY 2,613,097,115.41, representing an increase of approximately 65.1% [53]. - Total cash outflow for purchasing goods and services was CNY 3,451,563,285.74, compared to CNY 2,476,453,153.89, reflecting an increase of about 39.2% [53]. Business Operations - The company completed the acquisition of the hydrogen storage alloy materials business in December 2022, which has been included in the consolidated financial statements [8]. - The company has not adopted new accounting standards for the current year, ensuring consistency in financial reporting [49].