MPCSH(SZ:000637)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,266,108,741.47, a decrease of 33.81% compared to ¥1,912,733,727.04 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥30,218,492.37, representing a decline of 300.87% from a loss of ¥7,538,271.02 in the previous year[4] - The company's basic and diluted earnings per share were both -¥0.06, a decline of 200.00% compared to -¥0.02 in the same period last year[4] - Net profit for the current period is a loss of ¥28,890,706.23, compared to a loss of ¥1,722,858.72 in the previous period[29] - Operating profit for the current period is a loss of ¥23,922,345.99, a significant decline from a profit of ¥2,380,136.66 in the previous period[28] - The total comprehensive income for the current period is a loss of ¥28,890,706.23, compared to a loss of ¥1,722,858.72 in the previous period[29] Cash Flow and Assets - The net cash flow from operating activities decreased by 78.88% to ¥71,233,380.07, down from ¥337,202,400.51 in the same period last year[4] - Cash flow from operating activities for the current period is ¥71,233,380.07, down 78.9% from ¥337,202,400.51 in the previous period[32] - Cash flow from investing activities shows a net outflow of ¥20,604,158.52, compared to a net outflow of ¥406,881,274.11 in the previous period[32] - Cash flow from financing activities results in a net outflow of ¥47,230,252.23, contrasting with a net inflow of ¥57,461,493.28 in the previous period[33] - The total assets at the end of the reporting period were ¥2,679,457,674.72, a decrease of 7.39% from ¥2,893,302,484.54 at the end of the previous year[4] - Current assets totaled CNY 676,564,905.33, down from CNY 863,250,766.81, indicating a reduction of about 21.6%[25] - The company's cash and cash equivalents increased to CNY 177,024,849.42 from CNY 160,256,673.63, showing a growth of about 10.7%[25] Liabilities and Equity - Total liabilities decreased to CNY 1,660,217,720.09 from CNY 1,861,656,161.16, representing a decline of approximately 10.8%[26] - The total equity attributable to shareholders of the parent company was CNY 851,671,022.08, down from CNY 879,714,239.26, reflecting a decrease of about 3.2%[26] - The company's retained earnings decreased to CNY 87,394,335.72 from CNY 117,612,828.09, reflecting a decline of approximately 25.7%[26] Expenses and Subsidies - The company experienced a 50.10% increase in management expenses, totaling ¥36,614,185.14, compared to ¥24,394,001.15 in the same period last year[8] - The company received government subsidies amounting to ¥250,351.64, an increase of 204.22% from ¥82,294.12 in the previous year[8] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Guangdong Shihua Petrochemical Co., Ltd., in Nansha District, Guangzhou, with a registered capital of RMB 10 million, holding 100% equity[13] - The company and its subsidiary Dongcheng Company invested RMB 21 million to establish Shandong Aiwari Energy Technology Co., Ltd., with Dongcheng holding 73% of the shares[13] - The company signed an agreement to transfer 25.5% equity in Hubei Maohua Shihua Technology Development Co., Ltd. for RMB 25.5 million, with payments scheduled from April to December 2023[20] - The company has received the first payment of RMB 13 million from the equity transfer agreement[21] Legal Matters - The company filed a lawsuit against Jinghui Company for overdue payments, with the court accepting the case and scheduling a hearing for May 9, 2023[15] - The company is involved in a lawsuit initiated by Guangdong Huaxing Bank, which has frozen some of the company's bank accounts and a portion of its subsidiaries' equity[16] - The court has frozen assets worth up to RMB 42.5 million related to the lawsuit against the company and Jinghui Company[17] Inventory and Prepayments - Inventory levels slightly decreased to CNY 233,377,578.10 from CNY 235,444,002.76, a decline of approximately 0.9%[25] - The company reported a significant increase in prepayments, which rose to CNY 149,181,562.55 from CNY 106,614,659.30, marking an increase of about 40%[25]