兴业银锡(000426) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥458,991,934.99, a decrease of 11.15% compared to the same period last year[4] - Net profit attributable to shareholders was ¥13,990,219.80, representing a significant decline of 76.96% year-over-year[4] - The total profit decreased by 78.87% to ¥15,992,658.47, highlighting a challenging financial environment[10] - The total profit for Q1 2023 was CNY 15.99 million, down 78.87% compared to the previous year[16] - Net profit attributable to shareholders was CNY 13.99 million, reflecting a decline of 76.96% year-on-year[17] - Net profit for Q1 2023 was CNY 15,992,658.47, significantly lower than CNY 75,695,999.64 in Q1 2022, indicating a decline of 78.9%[20] - The total comprehensive income for the first quarter was CNY 14,212,092.56, down from CNY 63,046,695.87 year-over-year, indicating a decrease of about 78%[22] Cash Flow - The net cash flow from operating activities decreased by 27.91% to ¥129,621,823.59 compared to the previous year[4] - The company's cash flow from operating activities decreased by 27.91% compared to the previous period[11] - The net cash flow from operating activities was CNY 129,621,823.59, down from CNY 179,795,103.81, showing a decrease of about 28%[23] - Cash inflows from operating activities amounted to CNY 536,702,749.87, compared to CNY 469,875,801.77 in the previous year, reflecting an increase of approximately 14.2%[23] - Cash outflows from operating activities totaled CNY 407,080,926.28, up from CNY 290,080,697.96, which is an increase of around 40.4%[23] - The cash flow from investing activities resulted in a net outflow of CNY 132,947,468.14, compared to a net outflow of CNY 72,188,801.19 in the previous year, indicating a worsening of approximately 84%[24] - The cash flow from financing activities showed a net outflow of CNY 23,716,763.89, compared to a net outflow of CNY 27,518,344.86 in the same period last year, reflecting an improvement of about 13.5%[24] - The ending cash and cash equivalents balance was CNY 70,911,498.43, down from CNY 209,422,525.87, representing a decrease of approximately 66.1%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,486,887,596.05, reflecting a decrease of 1.46% from the end of the previous year[4] - Total assets as of the end of Q1 2023 were CNY 9,486,887,596.05, down from CNY 9,627,417,740.00 at the beginning of the year[19] - Total liabilities decreased to CNY 3,911,926,046.47 from CNY 4,071,082,023.65, a decline of 3.9%[19] Research and Development - Research and development expenses surged by 688.68% to ¥13,932,410.63, driven by increased investments from subsidiaries[10] - The company reported R&D expenses of CNY 13,932,410.63 for Q1 2023, a significant increase from CNY 1,766,544.55 in Q1 2022, reflecting a growth of 692.5%[20] Market Conditions - The average market price of tin in Q1 2023 was CNY 208,894.07 per ton, down 37.61% from CNY 334,814.66 per ton in the same period last year[17] - The company experienced a significant decline in sales prices for its main products, zinc concentrate and tin concentrate, due to changes in market demand[17] Other Information - The weighted average return on equity was 0.25%, down from 1.13% in the same period last year, indicating a decline in profitability[4] - The company's total equity attributable to shareholders increased slightly by 0.34% to ¥5,569,348,777.04 compared to the previous year[4] - The company's subsidiary, Qianjinda Mining, faced production stoppages due to insufficient ore reserves and delays in resuming operations after the Spring Festival[17] - The basic and diluted earnings per share for the first quarter were CNY 0.0076, down from CNY 0.0330 year-over-year, indicating a decline of about 77%[22] - The company did not undergo an audit for the first quarter report[25]