金浦钛业(000545) - 2023 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2023 was ¥590,767,060.05, a decrease of 20.04% compared to ¥738,842,014.55 in the same period last year[5] - Net loss attributable to shareholders was ¥71,719,158.73, representing a decline of 308.58% from a profit of ¥34,384,186.55 in the previous year[5] - The net profit for Q1 2023 was -71,738,523.42 CNY, compared to a net profit of 34,384,186.55 CNY in Q1 2022, representing a significant decline[20] - Operating profit for Q1 2023 was -85,341,672.83 CNY, down from 39,573,761.86 CNY in the same period last year[20] - Total revenue from sales in Q1 2023 was 286,446,547.76 CNY, a decrease of approximately 43.4% from 506,678,022.78 CNY in Q1 2022[22] - The total comprehensive income for Q1 2023 was -71,738,523.42 CNY, compared to 34,381,707.87 CNY in Q1 2022[21] Cash Flow and Liquidity - Cash flow from operating activities improved to ¥35,194,662.20, a 154.27% increase from a negative cash flow of ¥64,846,832.56 in the same period last year[5] - The cash flow from operating activities for Q1 2023 was 35,194,662.20 CNY, a recovery from a negative cash flow of -64,846,832.56 CNY in Q1 2022[24] - The company's cash and cash equivalents increased to CNY 415,968,124.72 from CNY 391,825,901.49 at the beginning of the year, showing a growth of 6.5%[15] - Cash and cash equivalents at the end of Q1 2023 were 257,650,887.71 CNY, an increase from 134,681,583.20 CNY at the end of Q1 2022[24] Assets and Liabilities - Total assets decreased by 6.41% to ¥2,886,328,527.44 from ¥3,084,138,877.39 at the end of the previous year[5] - The total assets as of March 31, 2023, were CNY 2,886,328,527.44, down from CNY 3,084,138,877.39 at the beginning of the year, a decrease of 6.4%[17] - Total liabilities increased to CNY 1,325,146,830.74 from CNY 1,207,211,806.81, reflecting an increase of 9.8%[17] - The equity attributable to shareholders decreased to CNY 1,457,373,057.46 from CNY 1,773,099,066.65, a decline of 17.8%[17] Operational Efficiency - Inventory levels were reduced by 40.05%, down to ¥173,890,491.04 from ¥290,060,667.30, indicating effective inventory management[9] - Inventory decreased to CNY 173,890,491.04 from CNY 290,060,667.30, representing a decline of 40.0%[16] - Management expenses decreased by 57.16% to ¥17,341,936.16, as repair costs were adjusted to production costs[9] - The total operating costs for Q1 2023 were CNY 663,330,117.03, down from CNY 697,941,258.36 year-on-year, reflecting a reduction of 4.9%[19] Investments and Financial Performance - Long-term equity investments rose by 67.52% to ¥380,462,793.29, attributed to asset swaps within subsidiaries[9] - The company reported an investment loss of -5,740,216.37 CNY in Q1 2023, compared to a loss of -1,174,725.08 CNY in Q1 2022[20] - The company incurred financial expenses of 5,802,078.44 CNY in Q1 2023, down from 7,510,265.96 CNY in Q1 2022[20] Shareholder Returns - The basic and diluted earnings per share for Q1 2023 were both -0.0727 CNY, compared to 0.0348 CNY in Q1 2022[21] - The weighted average return on net assets was -4.44%, a decline of 6.22% compared to 1.78% in the previous year[5] Other Significant Events - The company completed the equity and debt transfer with Huandong New Materials during the reporting period[13] - The company’s subsidiary, Nanjing Qinbai Chemical Co., Ltd., obtained the property title certificate for a related party's real estate on April 24, 2023[13] - Research and development expenses in Q1 2023 were 19,806,952.56 CNY, slightly down from 20,820,291.06 CNY in Q1 2022[20] - The company experienced a 318.51% increase in contract liabilities, totaling ¥57,133,808.80, due to increased advance payments from sales[9] - The company reported a significant increase in accounts receivable by 47.36%, reaching ¥189,279,867.88 due to increased customer credit[9] - Accounts receivable rose to CNY 189,279,867.88, up from CNY 128,448,022.92, indicating a significant increase of 47.3%[16]