滨海能源(000695) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥95,740,380.67, a decrease of 26.97% compared to ¥131,093,443.92 in the same period last year[5] - The net profit attributable to shareholders was -¥23,643,961.69, representing a decline of 64.56% from -¥14,368,395.22 year-on-year[5] - The weighted average return on equity was -11.66%, a significant decline of 207.39% compared to -4.06% in the previous year[5] - Total operating costs for Q1 2023 were CNY 126.87 million, a decrease of 18.55% from CNY 155.75 million in Q1 2022[21] - Operating profit for Q1 2023 was a loss of CNY 36.12 million, compared to a loss of CNY 28.68 million in the same period last year[21] - Net profit for Q1 2023 was a loss of CNY 40.31 million, worsening from a loss of CNY 28.95 million in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -CNY 0.1064, compared to -CNY 0.0647 in Q1 2022[22] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥6,979,945.26, a significant increase of 114.37% compared to -¥48,579,434.44 in the previous year[5] - The company secured a loan of CNY 1,600,000 from its controlling shareholder, with a borrowing rate based on the LPR of 3.65%[14] - Cash flow from operating activities generated a net inflow of CNY 6.98 million, a significant improvement from a net outflow of CNY 48.58 million in the previous year[23] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 37.79 million, up from CNY 30.37 million at the end of Q1 2022[24] - Financing activities generated a net cash inflow of CNY 18.16 million, down from CNY 59.06 million in the same period last year[24] - Investment activities resulted in a net cash outflow of CNY 902,767.78, compared to a net outflow of CNY 7.59 million in Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥821,475,241.12, a slight decrease of 0.39% from ¥824,661,819.54 at the end of the previous year[5] - The total liabilities increased to CNY 532,119,399.76 from CNY 494,997,334.88, marking an increase of 7.4%[19] - The equity attributable to shareholders decreased by 11.74% to ¥177,698,338.64 from ¥201,342,300.33 at the end of the previous year[5] - The company has a total equity of CNY 289,355,841.36, down from CNY 329,664,484.66 at the beginning of the year, indicating a decrease of 12.2%[19] Operational Challenges - The company experienced a decrease in customer orders and increased logistics costs, impacting overall profitability[8] - The company reported a significant increase in interest expenses due to reduced borrowings compared to the same period last year[9] - The company received government subsidies amounting to ¥723,634.29, while other operating expenses included a loss of ¥4,299,885.58 from fixed asset scrapping[7] Asset Restructuring - The company completed a major asset restructuring by selling 51% of its subsidiary, Hai Shun Printing, to Jingjin Cultural Media Development Co., Ltd. on April 13, 2023[10] - The company completed the transfer of 51% equity in its subsidiary, Hai Shun Printing, to Tianjin Jingjin Cultural Media Development Co., Ltd. on April 13, 2023[15] Other Information - The company did not report any new product developments or market expansion strategies during the quarter[25]