SDR(SZ:000603)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 280,875,465.35, representing a 21.42% increase compared to CNY 231,317,542.05 in the same period last year[5]. - Net profit attributable to shareholders decreased by 53.74% to CNY 16,261,204.69 from CNY 35,150,940.50 year-on-year[5]. - The company's basic earnings per share decreased by 53.63% to CNY 0.0236 from CNY 0.0509 in the same period last year[5]. - The weighted average return on equity fell to 0.58% from 1.34% year-on-year, a decrease of 0.76%[5]. - Net profit for Q1 2023 was ¥8,805,192.14, a decrease of 73% from ¥32,667,905.72 in Q1 2022[19]. - The company reported a basic and diluted earnings per share of ¥0.0236, down from ¥0.0509 in the previous year[20]. - The company’s other comprehensive income after tax was -¥590,236.88, compared to -¥1,688,094.68 in the previous year[20]. Cash Flow - The net cash flow from operating activities was negative at CNY -208,649,569.30, a decline of 40.64% compared to CNY -148,353,412.32 in Q1 2022[11]. - Cash inflow from operating activities totaled ¥383,679,151.41, compared to ¥238,331,075.83 in Q1 2022, reflecting a significant increase[21]. - Total cash outflow from operating activities reached 592,328,720.71, up from 386,684,488.15, representing an increase of about 53.2%[22]. - The net cash flow from financing activities was 133,039,583.30, an increase from 108,245,760.78, showing a rise of about 22.9%[22]. - The total cash and cash equivalents at the end of the period were 101,158,535.34, down from 217,913,524.61, indicating a decrease of approximately 53.7%[22]. - The company did not receive any cash from investment activities, resulting in a net cash flow from investing activities of -59,660,479.71[22]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 5,258,343,847.05, down 2.30% from CNY 5,381,926,235.34 at the end of the previous year[5]. - Current assets totaled RMB 1,433,031,434.39, down from RMB 1,548,696,661.61, indicating a decrease of about 7.46%[17]. - Total liabilities decreased to ¥1,713,202,243.42 from ¥1,845,792,428.75 year-over-year[19]. - Total equity increased slightly to ¥3,545,141,603.63 from ¥3,536,133,806.59 in the previous year[19]. - The company reported a decrease in minority shareholders' equity to ¥551,632,725.31 from ¥559,184,483.57[19]. Operating Costs - The company reported a 73.44% increase in operating costs, amounting to CNY 206,171,314.69 compared to CNY 118,868,870.76 in Q1 2022[11]. - Total operating costs for Q1 2023 were ¥290,063,878.02, up 45% from ¥200,188,981.22 in the same period last year[19]. Investments and Acquisitions - The company decided to terminate the acquisition of a 72.50% stake in Guizhou Dingshengxin Mining Development Co., Ltd. due to prolonged restructuring processes[15]. - The company has initiated legal proceedings to recover a deposit of RMB 6 million from the sellers of the terminated acquisition, with a court ruling to freeze assets of the sellers up to RMB 6 billion each[15]. - Long-term equity investments increased from RMB 679,264,497.57 to RMB 693,714,815.63, showing a growth of approximately 2.5%[17]. Inventory and Receivables - The company reported a total inventory of RMB 233,200,058.18, down from RMB 244,594,315.90, indicating a decrease of about 4.9%[17]. - Accounts receivable increased from RMB 13,045,724.95 to RMB 53,005,665.23, representing a growth of about 307.5%[17]. Other Financial Information - The company received government subsidies of CNY 131,642.46 during the reporting period, primarily from deferred income amortization[7]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[23]. - The company experienced a significant increase in cash paid for employee compensation, totaling 41,472,032.56, compared to 35,812,067.48 in the previous year, marking an increase of approximately 15.5%[22].