万年青(000789) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,953,814,351.04, a decrease of 28.60% compared to CNY 2,736,296,001.57 in the same period last year[5] - Net profit attributable to shareholders was CNY 92,042,558.20, down 55.97% from CNY 209,049,446.86 year-on-year[5] - Basic earnings per share decreased by 56.03% to CNY 0.1153 from CNY 0.2622 in the same period last year[5] - The total profit for the period was CNY 189,825,689.04, a decrease of 53.41% compared to CNY 407,454,170.36 in the previous year[9] - Net profit attributable to shareholders for Q1 2023 was CNY 162,681,148.37, a decline of 56.4% from CNY 373,230,000.00 in Q1 2022[14] - The net profit for Q1 2023 was CNY 142,131,487.32, a decrease of 52.5% compared to CNY 299,328,613.40 in Q1 2022[15] - Operating profit decreased to CNY 186,229,944.25 from CNY 408,718,238.47, reflecting a decline of 54.4%[15] - The total comprehensive income for the period was CNY 157,887,124.00, down from CNY 225,094,613.18 in Q1 2022[15] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 42,096,037.87, a decline of 6,255.75% compared to CNY 683,848.69 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -42,096,037.87, compared to a net inflow of CNY 683,848.69 in the same period last year[16] - Cash flow from investing activities resulted in a net outflow of CNY -224,266,355.23, compared to a net outflow of CNY -264,724,590.68 in Q1 2022[17] - Cash flow from financing activities had a net outflow of CNY -235,970,962.33, contrasting with a net inflow of CNY 73,747,302.38 in the previous year[17] - Total assets at the end of the reporting period were CNY 17,207,608,857.72, down 5.55% from CNY 18,218,860,252.05 at the end of the previous year[5] - The company's total current assets as of March 31, 2023, amounted to CNY 7,276,844,957.50, a decrease from CNY 8,075,446,137.26 at the beginning of the year[11] - Cash and cash equivalents were reported at CNY 3,992,891,601.94, down from CNY 4,461,817,351.00 at the start of the year[11] - The cash and cash equivalents at the end of the period were CNY 3,335,002,390.72, down from CNY 4,325,276,208.46 at the end of Q1 2022[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,067[10] - The largest shareholder, Jiangxi Cement Co., Ltd., holds 43.58% of the shares, totaling 347,480,004 shares[10] Costs and Expenses - Total operating costs for Q1 2023 were CNY 1,791,133,202.67, down 23.5% from CNY 2,338,065,720.48 year-over-year[14] - Research and development expenses for Q1 2023 were CNY 6,850,081.70, down from CNY 9,234,107.99 in Q1 2022, indicating a focus on cost management[14] Other Financial Metrics - The company's weighted average return on equity was 1.29%, a decrease of 1.50% compared to 2.79% in the previous year[5] - The total liabilities decreased to CNY 6,718,982,653.55 from CNY 7,760,618,673.14 year-over-year[13] - The total equity attributable to shareholders increased to CNY 7,052,176,537.76 from CNY 6,944,402,128.76 in the previous year[13] - The company reported a decrease in accounts payable to CNY 1,377,393,247.53 from CNY 1,512,119,452.53 year-over-year[12] - Accounts receivable increased to CNY 1,499,937,772.84 from CNY 1,400,585,555.29[11] - Inventory levels rose to CNY 793,056,339.98 compared to CNY 606,903,216.22 at the beginning of the year[11] - The company's fixed assets were reported at CNY 6,622,946,447.46, down from CNY 6,943,623,749.22[11] Government Support - The company received government subsidies that contributed to an increase in other income, which rose by 147.23% to CNY 5,744,672.93[9] Other Observations - The company reported a significant increase in prepayments, which rose by 94.59% to CNY 392,982,983.94 due to higher coal prepayments[9] - There were no significant new strategies or product developments mentioned in the report[11]