*ST西发(000752) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥90,313,222.40, a decrease of 19.16% compared to ¥111,723,030.26 in the same period last year[5] - Total revenue for the first quarter reached 88,597,784.96, a decrease of 23.47% compared to the same period last year[5] - Net profit for the quarter was 4,188,660.23, a significant increase of 5211.65% year-over-year[5] - The net profit attributable to shareholders was a loss of ¥6,827,512.15, an improvement of 15.27% from a loss of ¥8,057,707.43 in the previous year[5] - The total comprehensive income for the first quarter was CNY 4,188,660.23, a significant improvement from a loss of CNY 81,943.39 in the prior year[25] Cash Flow and Assets - The company's cash flow from operating activities was ¥7,723,897.98, up 7.02% from ¥7,217,422.05 in the previous year[5] - Cash flow from operating activities generated a net inflow of CNY 7,723,897.98, compared to CNY 7,217,422.05 in the previous year, showing an increase of about 7%[28] - Cash and cash equivalents decreased by 316.48% to -13,948,420.72, indicating a net decrease compared to the previous year[11] - The cash and cash equivalents at the end of the period stood at CNY 75,429,163.07, down from CNY 89,377,583.79 at the beginning of the period, reflecting a decrease of approximately 15.6%[29] - Total assets at the end of Q1 2023 were ¥868,125,788.04, reflecting a 1.69% increase from ¥853,688,445.44 at the end of the previous year[6] Liabilities and Equity - The company reported a total liability of CNY 572,197,658.80, up from CNY 561,948,976.43, indicating a rise of 2.2%[21] - The total equity attributable to shareholders of the parent company is CNY -37,609,423.05, a decline from CNY -30,781,910.90[21] Operational Efficiency - Operating profit margin improved due to a decrease in unit costs, leading to a total profit of 6,369,346.46, up 325.59% from the previous year[5] - Total operating costs for the first quarter were CNY 80,195,621.54, a decrease from CNY 106,189,794.16 in the previous year, representing a reduction of approximately 24.5%[24] - The company reported a decrease in sales expenses to CNY 2,390,936.59 from CNY 3,155,534.94, a reduction of approximately 24.3%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,313[13] - The top three shareholders hold a combined 30.54% of the company's shares, with the largest shareholder owning 12.74%[13] - The company plans to reduce shareholding by up to 5,275,170 shares, which is 2% of the total share capital, over the next six months[16] Regulatory and Governance - The company’s independent director resigned, which may affect the board's composition and governance[16] - The company has received administrative regulatory measures from the China Securities Regulatory Commission, indicating potential compliance issues[17] Investment Activities - Investment cash outflow increased by 2312.44% to 18,672,318.70, attributed to the purchase of equipment for production line upgrades[11] - The company experienced a net cash outflow from investing activities of CNY 18,672,318.70, compared to CNY 774,000.00 in the previous year, highlighting increased investment activity[29] Other Financial Metrics - The company's weighted average return on equity improved to -19.97%, up 5.89% from -25.86% in the previous year[5] - The company reported a significant increase in prepayments, which rose by 269.44% to ¥7,033,132.80 compared to ¥1,903,737.00 at the end of the previous year[8] - Accounts receivable increased by 38.80% to ¥36,983,045.33, primarily due to an increase in sales on credit[8] - The company experienced a 30.60% increase in inventory, reaching ¥15,282,652.43, attributed to the establishment of a new canning production line[8] - Tax expenses rose by 38.15% to 2,180,686.23, driven by increased profits from subsidiaries[5]