风华高科(000636) - 2023 Q1 - 季度财报

Financial Performance - Total operating revenue for the current period is $933.96 million, down from $1,102.07 million in the previous period, representing a decrease of approximately 15.3%[25] - Total operating costs for the current period are $882.91 million, compared to $924.36 million in the previous period, reflecting a decrease of about 4.5%[25] - The company's operating revenue for Q1 2023 was ¥933,960,245.68, a decrease of 15.25% compared to ¥1,102,067,746.02 in the same period last year[32] - Net profit attributable to shareholders of the listed company was ¥58,309,822.09, down 67.66% from ¥180,298,531.14 year-on-year[32] - The net profit after deducting non-recurring gains and losses was ¥31,853,539.63, a decline of 73.24% compared to ¥119,053,465.26 in the previous year[32] - The company reported a total revenue from sales of goods and services of ¥760,365,349.95, up from ¥525,406,750.59 in the prior year, marking an increase of about 45%[47] Assets and Liabilities - Current assets totaled $7.77 billion, slightly down from $7.78 billion, indicating a decrease of about 0.9%[24] - Non-current assets increased to $8.09 billion from $8.03 billion, showing an increase of approximately 0.7%[24] - Total liabilities decreased to $3.76 billion from $3.81 billion, reflecting a decrease of about 1.2%[25] - Total equity increased to $12.10 billion from $12.01 billion, representing an increase of approximately 0.8%[25] - Total assets at the end of the reporting period were ¥15,863,878,720.52, a slight increase of 0.30% from ¥15,816,793,533.33 at the end of the previous year[32] Cash Flow - The net cash flow from operating activities improved significantly to ¥119,028,501.26, compared to a negative cash flow of ¥122,063,273.58 in the same period last year, representing a 197.51% increase[32] - The total operating cash inflow for the first quarter was ¥896,752,235.16, compared to ¥680,317,915.57 in the same period last year, indicating a growth of approximately 32%[47] - The net cash flow from investing activities was negative ¥34,578,450.47, a decrease of 81.56% compared to negative ¥187,492,402.28 in the previous year[36] - The net cash flow from investing activities was negative at ¥34,578,450.47, an improvement from a larger negative cash flow of ¥187,492,402.28 in the same period last year[48] Borrowings and Financial Assets - Short-term borrowings increased by 33.37% from CNY 78,130,097.74 to CNY 104,198,725.51, primarily due to the use of domestic letters of credit for electricity payments[8] - Long-term borrowings rose by 47.56% from CNY 623,772,988.97 to CNY 920,460,738.97, mainly due to a new loan of CNY 250 million[8] - The company's trading financial assets decreased by 60.52% from CNY 118,189,635.16 to CNY 46,660,427.40 due to the redemption of financial products during the reporting period[8] - The company raised ¥250,000,000.00 through borrowings during the quarter, down from ¥411,288,026.61 in the previous year[48] Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 108,122[20] - The largest shareholder, Guangdong Guangsheng Holding Group Co., Ltd., holds 23.19% of the shares, totaling 268,311,117 shares[20] Expenses and Income - Financial expenses increased significantly by 382.49% from CNY -11,251,014.43 to CNY -54,284,801.83, primarily due to increased interest income from funds raised last year[18] - Investment income dropped by 92.76% from CNY 5,395,907.50 to CNY 390,872.29, as there were no corresponding gains from equity conversion of debt this year[18] - Research and development expenses increased to $43.38 million from $39.88 million, marking an increase of approximately 3.8%[25] Tax and Deferred Liabilities - The company's tax payable decreased by 47.52% from CNY 14,584,817.70 to CNY 7,653,598.30, attributed to a decline in operating income and an increase in input tax deductions[8] - The company's deferred tax liabilities increased by 39.14% from CNY 40,344,210.00 to CNY 56,136,522.00, related to fair value changes of other equity instruments[8] Profitability Metrics - The return on equity (ROE) decreased to 0.49%, down 2.08 percentage points from 2.57% in the previous year[32] - Basic and diluted earnings per share were both ¥0.05, down 75.00% from ¥0.20 in the previous year[32] - The net profit attributable to minority shareholders increased by 51.02% from CNY 1,876,830.11 to CNY 2,834,437.90, due to improved performance of non-wholly-owned subsidiaries[18] Inventory and Receivables - The company's inventory increased to ¥680,433,646.81 from ¥655,869,433.39 at the beginning of the year, reflecting a growth of approximately 3.74%[40] - The accounts receivable balance was ¥916,657,758.56, showing a slight increase from ¥908,735,715.57 at the start of the year[40]