凤凰航运(000520) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥230,047,629.18, representing a 3.33% increase compared to ¥222,626,093.11 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,463,970.50, a decrease of 179.69% from a profit of ¥10,621,102.49 in the previous year[5] - The net profit for Q1 2023 was -8,463,970.50 CNY, compared to a net profit of 10,621,102.49 CNY in Q1 2022, representing a decline of 179.8%[22] - Operating profit for Q1 2023 was -8,400,965.91 CNY, a significant decrease from the operating profit of 14,263,945.08 CNY in the same period last year[22] - Total comprehensive income for Q1 2023 was -8,492,806.33 CNY, down from 10,626,336.46 CNY in Q1 2022, reflecting a decrease of 180%[23] - Basic and diluted earnings per share for Q1 2023 were both -0.0084 CNY, compared to 0.0105 CNY in Q1 2022, marking a decline of 180%[23] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at ¥13,022,720.65, down 136.26% from ¥35,910,315.31 in the same period last year[5] - Cash flow from operating activities showed a net outflow of -13,022,720.65 CNY, compared to a net inflow of 35,910,315.31 CNY in Q1 2022, indicating a change of 136.3%[26] - Sales revenue from goods and services received in cash was 257,479,275.26 CNY, an increase from 199,769,817.25 CNY in the previous year, representing a growth of 29%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥759,998,602.60, a decrease of 1.66% from ¥772,860,564.36 at the end of the previous year[5] - The total current assets at the end of Q1 2023 were RMB 279,266,108.08, a slight decrease from RMB 285,510,064.20 at the beginning of the year[18] - The total liabilities as of March 31, 2023, amounted to RMB 215,257,863.48, down from RMB 219,160,461.21 at the start of the year[19] - The total assets at the end of Q1 2023 were RMB 759,998,602.60, compared to RMB 772,860,564.36 at the beginning of the year[19] - The cash and cash equivalents decreased to RMB 142,805,996.68 from RMB 169,640,379.87 at the beginning of the year[17] - The accounts receivable increased to RMB 55,542,185.09 from RMB 51,054,023.69 at the beginning of the year, reflecting a growth of 8.7%[17] Expenses and Cost Management - The total operating costs for Q1 2023 were RMB 238,339,346.72, up 13.7% from RMB 209,675,631.39 in the same period last year[21] - The operating cost of goods sold was RMB 227,150,041.76, which increased by 19.7% from RMB 189,687,267.44 in Q1 2022[21] - Management expenses decreased by 49.49% to ¥8,282,992.60, attributed to reduced employee compensation and cost-cutting measures[9] - The company incurred financial expenses of 367,949.81 CNY in Q1 2023, down from 968,819.17 CNY in Q1 2022, indicating a reduction of 62%[22] - The company reported a tax expense of 82,698.56 CNY in Q1 2023, a significant decrease from 3,678,090.76 CNY in Q1 2022, reflecting a decline of 97.8%[22] - The company’s total operating expenses for Q1 2023 were 10,821,362.45 CNY, down from 18,677,836.63 CNY in Q1 2022, indicating a decrease of 42.1%[22] Other Financial Metrics - The weighted average return on equity was -1.54%, down 3.57% from 2.03% in the previous year[5] - The company reported a significant increase in prepayments, which rose by 127.93% to ¥36,858,327.30 due to expanded shipping business[9] - Contract liabilities increased by 192.69% to ¥35,154,868.31, reflecting a rise in advance payments due to larger shipping operations[9] - Other income saw a substantial increase of 3707.38% to ¥41,610.48, primarily due to a rise in tax refund receipts[9] - The company reported a net loss of RMB 2,679,298,501.72 in retained earnings, slightly worsening from RMB 2,670,834,531.22 at the beginning of the year[19] - The company has applied for a loan renewal from the related party Jinshang Bank Changzhi Branch on January 17, 2023[15]