焦作万方(000612) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,107,331,178.88, a decrease of 34.33% compared to ¥1,686,087,865.04 in the same period last year[4] - Net profit attributable to shareholders was ¥23,589,593.16, down 88.37% from ¥202,761,343.77 year-on-year[4] - Basic earnings per share decreased to ¥0.020, down 88.24% from ¥0.170 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 1,107,331,178.88, a decrease of 34.2% compared to CNY 1,686,087,865.04 in the same period last year[26] - Net profit for Q1 2023 was CNY 23,589,593.16, a significant decline of 88.4% compared to CNY 202,761,343.77 in Q1 2022[28] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.020, down from CNY 0.170 in the same period last year[29] Cash Flow - The net cash flow from operating activities was -¥611,157,018.02, representing a decline of 283.70% compared to ¥332,701,230.94 in the previous year[5] - The net cash flow from operating activities decreased by 283.70% to -611,157,018.02 CNY compared to the same period last year, primarily due to a decline in sales volume and prices, along with an increase in inventory[16] - The net cash flow from investing activities was 143,518,247.42 CNY, a significant improvement from -35,474,251.89 CNY in the previous year, attributed to the sale of financial assets and recovery of principal[16] - The net cash flow from financing activities increased to 149,873,202.43 CNY, compared to -242,014,305.24 CNY in the same period last year, due to an increase in net bank borrowings[16] - The cash inflow from operating activities was CNY 1,222,028,685.44, a decrease of 37.6% compared to CNY 1,959,197,190.51 in Q1 2022[29] - The cash flow from financing activities was 149,873,202.43 CNY, a recovery from -242,014,305.24 CNY in the same quarter last year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,044,282,762.31, an increase of 2.53% from ¥7,840,386,822.19 at the end of the previous year[5] - Total liabilities as of Q1 2023 amounted to CNY 2,724,194,220.29, an increase of 6.8% from CNY 2,550,385,534.94 at the end of the previous year[24] - Total equity attributable to shareholders of the parent company was CNY 5,320,088,542.02, slightly up from CNY 5,295,308,589.36 in the previous period[24] - The total current assets at the end of the period amounted to 2,220,501,260.76 CNY, up from 2,095,664,344.76 CNY at the beginning of the year[22] - The total assets increased to 8,044,282,762.31 CNY from 7,845,694,124.30 CNY at the beginning of the year[22] Inventory and Expenses - The company's inventory increased by 76.17% to ¥960,018,312.64 due to a decrease in aluminum product sales volume[14] - The company reported a decrease in sales expenses to CNY 2,107,601.16 from CNY 1,572,032.27, reflecting a rise of 34% year-on-year[27] - Research and development expenses were reported as CNY 0.00, indicating no investment in R&D during the quarter[27] - The company reported a significant increase in contract liabilities by 112.49%, reaching ¥44,356,079.13, attributed to an increase in advance payments[14] - The company experienced a 95.7% decrease in net hedging gains, down to ¥82,642.92 from ¥1,920,817.96 in the previous year[15] - The company reported a 156.27% decrease in income tax expenses, amounting to -¥20,137,058.95, due to a reduction in taxable income[15] Shareholder Information - The company reported a total of 86,879 common shareholders at the end of the reporting period[18] - The top three shareholders hold a combined 34.39% of the company's shares, with the largest shareholder owning 17.30%[18] Other Information - The company received government subsidies amounting to ¥204,426.42, compared to a loss of ¥7,256.19 in the previous year[15] - The report for the first quarter was not audited[32] - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in this report[21]