襄阳轴承(000678) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥322,701,932.82, representing a 9.09% increase compared to ¥295,799,664.39 in the same period last year[5] - The net loss attributable to shareholders decreased by 22.14% to ¥21,773,136.12 from ¥27,965,149.64 year-on-year[5] - The company reported a net loss of CNY 392,884,663.96 in Q1 2023, compared to a net loss of CNY 371,111,527.84 in Q1 2022[14] - The net profit for the first quarter of 2023 was -22,594,445.12 CNY, compared to -28,058,269.43 CNY in the same period last year, showing an improvement of approximately 19.5%[17] - Operating profit for the first quarter was -25,409,457.20 CNY, a slight improvement from -28,102,754.49 CNY year-over-year[17] - Total comprehensive income for the first quarter was -21,776,146.40 CNY, compared to -31,082,988.75 CNY in the previous year, indicating a year-over-year improvement of about 30%[18] Cash Flow and Assets - The net cash flow from operating activities was ¥26,682,793.05, down 45.29% from ¥48,767,786.69 in the previous year[5] - Cash and cash equivalents at the end of Q1 2023 were CNY 173,635,229.68, down 12.6% from CNY 198,756,716.96 at the beginning of the year[12] - Cash flow from operating activities generated a net inflow of 26,682,793.05 CNY, down from 48,767,786.69 CNY in the same quarter last year[19] - Cash and cash equivalents at the end of the quarter totaled 89,597,015.51 CNY, a decrease from 146,596,147.22 CNY at the end of the previous year[20] - Total assets at the end of Q1 2023 were ¥2,420,183,760.87, a 0.86% increase from ¥2,399,548,061.46 at the end of the previous year[5] - Total liabilities increased to CNY 1,475,374,368.44 from CNY 1,432,962,522.63 at the beginning of the year[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,067[9] - The largest shareholder, Sanhuan Group Co., Ltd., holds 27.94% of the shares, totaling 128,400,000 shares, which are currently frozen[9] Production and Costs - The company reported a significant increase in the production of passenger car bearings and new energy vehicle bearings, contributing to a reduction in losses[5] - Total operating costs for Q1 2023 were CNY 353,491,269.50, up 8.8% from CNY 324,895,428.18 in Q1 2022[16] - Gross profit margin decreased to approximately 5.5% in Q1 2023 from 8.5% in Q1 2022[16] Other Income and Expenses - Financial expenses rose by 60.32% to ¥9,861,225.00 due to increased interest expenses on financing loans[7] - Other income increased by 72.77% to ¥1,817,535.71, primarily due to higher government subsidies received[7] - The company incurred a fair value loss of -58,528.23 CNY during the quarter[17] - The company recorded a credit impairment loss of 913,836.23 CNY in the first quarter[17] Receivables and Inventory - Accounts receivable increased to CNY 297,256,653.55, up 13.2% from CNY 262,645,908.80 at the beginning of the year[12] - Inventory stood at CNY 432,497,200.78, a slight decrease of 0.4% from CNY 434,023,912.84 at the beginning of the year[12]