苏常柴A(000570) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥703,102,297.70, representing a 4.05% increase compared to ¥675,718,729.65 in the same period last year[4]. - The net profit attributable to shareholders was ¥23,934,592.54, a significant recovery from a loss of ¥31,087,265.83 in the previous year[4]. - The basic earnings per share improved to ¥0.0339 from a loss of ¥0.0441 in the same period last year[4]. - Net profit for the current period was ¥25,828,962.34, a significant recovery from a net loss of ¥31,118,895.72 in the previous period[21]. - The company reported a gross profit margin of approximately 1.6% for the current period, compared to a negative margin in the previous period[20]. - The total comprehensive income for the current period was ¥103,979,662.34, compared to a loss of ¥108,797,845.72 in the previous period[21]. - Other comprehensive income after tax amounted to ¥78,150,700.00, a significant improvement from a loss of ¥77,678,950.00 in the previous period[21]. Assets and Liabilities - Total assets increased by 2.72% to ¥5,361,220,136.94 from ¥5,219,359,853.42 at the end of the previous year[4]. - The company's total current assets reached CNY 2,941,235,390.02, up from CNY 2,870,922,810.72, indicating an increase of about 2.45%[15]. - The total liabilities stood at CNY 1,900,065,636.03, compared to CNY 1,862,185,014.85 at the start of the year, representing a rise of approximately 2.00%[17]. - The company's total liabilities to total assets ratio was approximately 35.39%, indicating a stable financial structure[17]. - The total non-current assets amounted to CNY 2,419,984,746.92, an increase from CNY 2,348,437,042.70, reflecting a growth of approximately 3.03%[16]. Cash Flow - The net cash flow from operating activities was -¥71,086,048.66, worsening from -¥47,199,474.48 in the previous year, attributed to longer payment terms with customers[10]. - Cash flow from operating activities showed a net outflow of ¥71,086,048.66, worsening from a net outflow of ¥47,199,474.48 in the previous period[23]. - Cash and cash equivalents at the end of the period totaled ¥619,805,190.40, down from ¥810,350,966.05 at the beginning of the period[24]. - The company's cash and cash equivalents decreased to CNY 790,064,666.23 from CNY 930,013,350.97, a decline of about 15.06%[15]. - The company recorded an investment cash outflow of ¥119,390,601.99, compared to an outflow of ¥56,686,774.58 in the previous period[24]. Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 100.84% to ¥743,737,858.47 due to extended credit terms[8]. - Accounts receivable increased significantly to CNY 743,737,858.47 from CNY 370,322,179.77, marking a growth of approximately 100.73%[15]. - Inventory decreased to CNY 515,636,086.80 from CNY 571,996,881.74, reflecting a decline of about 9.87%[15]. Government Subsidies and Expenses - Government subsidies recognized during the period amounted to ¥1,110,261.12, a 306.99% increase compared to ¥272,800.00 in the previous year[9]. - The company experienced a 34.83% increase in tax and additional fees, totaling ¥3,617,737.48, due to the expansion of its subsidiary's operations[9]. Future Plans - The company plans to continue expanding its market presence and product offerings in response to the improved sales environment following the implementation of the "National IV" emission standards[9].