华锦股份(000059) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥9,974,560,712.16, a decrease of 6.73% compared to ¥10,694,205,315.13 in the same period last year[4] - The net profit attributable to shareholders was -¥497,826,594.50, representing a decline of 275.25% from a profit of ¥284,066,351.74 in the previous year[4] - Net profit for Q1 2023 was a loss of CNY 502,578,051.96, compared to a profit of CNY 291,776,076.69 in Q1 2022, representing a significant decline[18] - Basic and diluted earnings per share for Q1 2023 were both -0.3113, down from 0.1776 in the same period last year[19] Cash Flow - The net cash flow from operating activities was -¥4,129,220,942.91, a decrease of 55.22% compared to -¥2,660,299,246.81 in the same period last year[4] - Cash inflow from operating activities was CNY 10,330,560,808.33, a decrease of 21.4% from CNY 13,133,409,156.72 in Q1 2022[20] - The total cash outflow from operating activities was 14,459,781,751.24 CNY in Q1 2023, compared to 15,793,708,403.53 CNY in Q1 2022, showing a decrease of approximately 8%[21] - The net cash flow from financing activities was -391,026,228.62 CNY in Q1 2023, compared to -981,336,194.92 CNY in Q1 2022, indicating an improvement of about 60%[21] - The net increase in cash and cash equivalents for Q1 2023 was -4,584,729,027.04 CNY, compared to -3,698,362,574.76 CNY in Q1 2022, indicating a worsening of about 24%[21] Assets and Liabilities - The company's total assets decreased by 9.39% to ¥29,569,843,416.74 from ¥32,633,257,844.14 at the end of the previous year[4] - Total current assets decreased from CNY 18,570,587,765.49 at the beginning of the year to CNY 15,921,530,586.59 at the end of the reporting period, a decrease of approximately 14.4%[13] - Total liabilities decreased to CNY 14,960,883,148.26 from CNY 17,530,487,041.52, reflecting a reduction in financial obligations[18] - Total current liabilities decreased from CNY 11,272,431,301.89 to CNY 6,961,905,388.11, a decrease of approximately 38.5%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 55,336[10] - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[10] - The top three shareholders collectively hold 46.04% of the shares, indicating a significant concentration of ownership[10] Research and Development - Research and development expenses increased by 54.32% to ¥39,836,024.99 from ¥25,814,453.57 in the previous year[7] - Research and development expenses increased to CNY 39,836,024.99, up 54.2% from CNY 25,814,453.57 in Q1 2022, indicating a focus on innovation[18] Inventory and Costs - The company reported a significant increase in inventory, which rose by 42.94% to ¥7,295,309,564.81 from ¥5,103,791,753.05[7] - Total operating costs increased to CNY 10,422,455,713.00, up 1.2% from CNY 10,301,279,512.54 in the previous year[17] - Cash outflow for purchasing goods and services was CNY 12,682,120,205.07, slightly down from CNY 12,921,374,377.79 in the previous year[20] Debt and Financing - The company obtained cash from borrowings amounting to ¥2,050,000,000.00 during the quarter, marking a 100% increase as it was not reported in the previous year[8] - The company repaid debts with cash amounting to ¥2,350,000,000.00, a 163.45% increase from ¥892,006,724.98 in the previous year[8] - Long-term borrowings increased from CNY 5,850,000,000.00 to CNY 7,600,000,000.00, an increase of about 29.9%[14]