悦安新材(688786) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥79,166,752.11, representing a decrease of 23.66% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥16,386,321.36, down 39.28% year-on-year[2]. - The net profit after deducting non-recurring gains and losses decreased by 31.53% to ¥14,407,826.64[2]. - Basic and diluted earnings per share were both ¥0.19, reflecting a decrease of 40.63% year-on-year[2]. - Net profit for Q1 2023 was ¥16,402,564.11, a decline of 41.0% from ¥27,752,783.95 in Q1 2022[17]. - Earnings per share for Q1 2023 was ¥0.19, compared to ¥0.32 in Q1 2022, reflecting a 40.6% decrease[18]. - The company reported a total comprehensive income of ¥16,487,213.45 for Q1 2023, down 40.2% from ¥27,717,594.91 in Q1 2022[18]. Cash Flow - The net cash flow from operating activities was negative at -¥6,496,180.93, a decline of 126.19% compared to the previous year[2]. - Cash flow from operating activities in Q1 2023 was ¥97,591,839.15, an increase of 5.0% from ¥92,221,642.71 in Q1 2022[19]. - The net cash flow from operating activities was -$6,496,180.93, a significant decrease compared to $24,804,720.54 in the previous year, indicating a decline of approximately 126.2%[20]. - The total cash and cash equivalents at the end of the period were $161,788,239.29, down from $221,395,577.85, a decrease of about 26.9%[21]. - Cash paid for purchasing goods and services was $75,909,038.44, up from $45,481,893.68, reflecting an increase of about 67.0%[20]. - Cash paid to employees was $16,947,855.90, a decrease from $18,037,694.45, indicating a decline of approximately 6.0%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥851,765,915.82, down 3.51% from the end of the previous year[3]. - The company's current assets totaled ¥507,702,842.57, down from ¥554,356,354.33, indicating a decrease of about 8.4%[12]. - Total liabilities decreased to ¥164,795,626.76 in Q1 2023 from ¥214,573,841.08 in Q1 2022, a reduction of 23.2%[14]. - Total current liabilities decreased from ¥148,059,583.89 to ¥98,550,413.60, a reduction of approximately 33.5%[13]. - The company's short-term borrowings remained stable at ¥4,000,000.00[13]. - Long-term borrowings were reported at ¥52,070,354.17, showing a slight decrease from ¥52,073,791.69[13]. - The company's total non-current assets increased from ¥328,400,959.55 to ¥344,063,073.25, reflecting an increase of about 4.8%[13]. - The company reported a significant reduction in accounts payable from ¥37,852,500.59 to ¥27,218,913.16, a decrease of approximately 28.2%[13]. Research and Development - Research and development expenses totaled ¥4,225,719.94, accounting for 5.34% of operating revenue, an increase of 0.46 percentage points[2]. - Research and development expenses for Q1 2023 were ¥4,225,719.94, down 16.6% from ¥5,063,750.74 in Q1 2022[17]. Market and Economic Conditions - The decline in revenue was primarily due to a shift in downstream product demand from high-end to low-end, leading to a decrease in sales revenue despite an increase in sales volume[6]. - The company experienced increased travel and other expenses due to economic recovery, alongside a reduction in non-recurring government subsidies[6]. - The company has not disclosed any new product developments or market expansion strategies in the current report[9].