CSBM(SZ:000158)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥1,295,702,855.21, a decrease of 33.62% compared to ¥1,951,870,637.18 in the same period last year[7]. - The net profit attributable to shareholders was -¥81,748,331.21, showing an improvement of 5.47% from -¥86,482,586.43 year-on-year[7]. - Total operating revenue for the current period was ¥1,295,702,855.21, a decrease of 33.5% compared to ¥1,951,870,637.18 in the previous period[31]. - Net profit for the current period was -¥96,361,043.15, compared to -¥103,925,100.32 in the previous period, showing an improvement[34]. - Basic earnings per share for the current period was -0.0511, slightly better than -0.0541 in the previous period[36]. Cash Flow - The net cash flow from operating activities was -¥1,402,130,095.10, a decline of 15.95% compared to -¥1,209,231,703.61 in the previous year[7]. - Total cash inflow from operating activities was 1,913,701,713.21 CNY, down from 2,343,253,614.51 CNY, reflecting a decrease of approximately 18.3%[38]. - Cash outflow from operating activities totaled 3,315,831,808.31 CNY, a reduction from 3,552,485,318.12 CNY, showing a decrease of about 6.7%[38]. - The net cash flow from investing activities was -47,771,713.38 CNY, worsening from -16,279,138.08 CNY in the previous period[41]. - Cash inflow from financing activities was 1,108,041,483.29 CNY, down from 1,644,235,919.73 CNY, representing a decline of approximately 32.5%[41]. - The net cash flow from financing activities improved to 226,553,702.32 CNY, compared to 42,969,076.98 CNY in the previous period[41]. - The ending cash and cash equivalents balance was 888,870,274.73 CNY, an increase from 759,853,153.87 CNY year-over-year[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥15,491,715,610.53, down 6.43% from ¥16,556,628,441.66 at the end of the previous year[7]. - The company’s total liabilities decreased to ¥9,644,630,264.72 from ¥10,613,469,454.48, a reduction of 9.1%[31]. - The company’s total liabilities increased to CNY 9,000,000,000 from CNY 8,500,000,000, reflecting an increase of approximately 5.9%[28]. - The total current liabilities decreased from CNY 5,000,000,000 to CNY 4,500,000,000, indicating a reduction of 10%[28]. - The company received government subsidies amounting to ¥52,804,502.64, including ¥37,683,893.19 for relocation assistance[8]. Operational Metrics - The company reported a 37.05% increase in investment income, attributed to gains from monetary derivatives and reduced losses from joint ventures[12]. - The company experienced a 176.64% increase in credit impairment losses, primarily due to higher provisions for bad debts[12]. - Total operating costs for the current period were ¥1,422,272,731.07, down 33.0% from ¥2,121,464,907.07 in the previous period[31]. - Research and development expenses for the current period were ¥55,528,329.03, a decrease from ¥58,472,782.54 in the previous period[34]. - Sales expenses increased to ¥76,199,039.02 from ¥61,003,484.75 in the previous period, reflecting a rise of 24.5%[34]. - Management expenses decreased to ¥87,185,821.13 from ¥97,474,680.85, a reduction of 10.4%[34]. Asset Management - The company completed the public auction of idle equipment with a total assessed value of CNY 2,002,400, and the proceeds from the disposal amounted to CNY 2,026,400[24]. - The company reported a total of 91 idle equipment units disposed of, with all proceeds received by the end of the reporting period[24]. - The non-current assets totaled CNY 6,021,956,287.18, slightly down from CNY 6,040,424,228.28 at the beginning of the year[28]. - The company's cash and cash equivalents decreased to CNY 1,116,573,674.08 from CNY 2,399,803,405.23 at the beginning of the year, representing a decline of approximately 53.6%[25]. - Accounts receivable decreased to CNY 2,798,283,693.28 from CNY 3,054,594,379.33, indicating a reduction of about 8.4%[28]. - Inventory increased to CNY 3,242,883,021.99 from CNY 2,938,783,837.27, reflecting an increase of approximately 10.3%[28]. - Short-term borrowings rose to CNY 3,238,453,948.11 from CNY 2,929,896,200.66, marking an increase of about 10.5%[28].