湖南发展(000722) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥53,714,745.12, a decrease of 58.89% compared to ¥130,675,878.97 in the same period last year[5] - Net profit attributable to shareholders was ¥3,836,530.26, down 90.47% from ¥40,260,437.04 year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥2,113,833.35, a decline of 105.49% compared to ¥38,527,732.61 in the previous year[5] - Basic and diluted earnings per share were both ¥0.01, down 88.89% from ¥0.09 in the previous year[5] - The company experienced an 86.97% decline in total profit, which amounted to ¥6,109,859.29 compared to ¥46,896,370.42 in the previous year[11] - Net profit for Q1 2023 decreased by 91.89% to CNY 3,218,344.40 compared to CNY 39,671,310.44 in Q1 2022, primarily due to extreme weather affecting power generation and sand and gravel sales[12] Cash Flow - The net cash flow from operating activities improved to ¥23,863,565.36, a significant increase of 188.86% from -¥26,856,208.18 in the same period last year[5] - Cash inflow from operating activities decreased by 50.81% to CNY 56,966,208.20 from CNY 115,801,486.82 year-on-year, attributed to changes in sales revenue[13] - Cash outflow for purchasing goods and services dropped by 95.24% to CNY 5,329,805.77 from CNY 112,049,657.87, mainly due to fluctuations in sand and gravel sales[13] - Total cash inflow from investment activities fell by 55.89% to CNY 141,818,644.43 from CNY 321,499,163.64, influenced by changes in bank principal-protected products and customized deposits[13] - Cash flow from investment activities netted CNY 11,199,996.39, a decrease of 90.96% compared to CNY 123,893,260.05 in the previous year[13] - The company reported a net increase in cash and cash equivalents of $35,063,561.75, up from $22,126,934.37 in the prior period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,325,007,036.19, a decrease of 0.82% from ¥3,352,464,822.73 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 74,110, with the largest shareholder, Hunan Xiangtou Holdings, holding 51.53% of shares[15] - The company reported a total current asset of RMB 1,105,930,566.29 as of March 31, 2023, down from RMB 1,179,851,294.67 at the beginning of the year, indicating a decrease of approximately 6.25%[24] - The company's long-term equity investments decreased to RMB 339,937,577.07 from RMB 360,913,283.59, a decline of approximately 5.83%[24] - Total liabilities decreased to ¥139,648,871.54 from ¥170,945,947.34 year-on-year, a reduction of 18.3%[27] Investments and Dividends - The company reported a 204.20% increase in cash received from investment recoveries to CNY 23,879,660.00, due to the sale of part of Jilin Chemical Fiber stocks[13] - The company did not distribute cash dividends or bonus shares for the 2022 fiscal year, opting to retain undistributed profits for future allocation[22] Corporate Actions - The company completed the transfer of 44.99% equity (208,833,642 shares) from Hunan Development Asset Management Group to Hunan Xiangtou Holding Group, resulting in Xiangtou Group holding 51.53% of the company's total shares[17] - The company has liquidated three wholly-owned subsidiaries to improve asset operation efficiency, which were officially deregistered in January 2023[19] - The company has approved the absorption and merger of its wholly-owned subsidiary, Hunan Development Zhuhang New Energy, which was completed in March 2023[20] Research and Development - Research and development expenses for Q1 2023 were ¥1,803,277.57, an increase of 22.5% compared to ¥1,471,424.14 in the same period last year[29] Financial Management - The company reported a financial income of ¥4,462,706.09, up from ¥3,645,107.90 year-on-year, indicating improved financial management[29] - The company has retained Tianjian Accounting Firm as its financial and internal control auditor for the 2023 fiscal year[23]