岳阳兴长(000819) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥751,835,252.20, a decrease of 4.04% compared to ¥783,478,208.39 in the same period last year[6]. - Net profit attributable to shareholders increased by 39.80% to ¥16,492,230.31 from ¥11,796,926.82 year-on-year[6]. - Basic and diluted earnings per share rose by 41.03% to ¥0.055 from ¥0.039 in the same period last year[6]. - Operating profit for the current period is ¥20,678,729.47, an increase of 19.5% compared to ¥17,267,701.99 in the previous period[29]. - Net profit for the current period is ¥16,479,365.13, up 13.8% from ¥14,484,755.83 in the previous period[29]. - The net profit attributable to the parent company for Q1 2023 was CNY 16,492,230.31, an increase from CNY 11,796,926.82 in the same period last year, representing a growth of approximately 39.3%[35]. - The total comprehensive income for Q1 2023 was CNY 17,545,049.29, an increase from CNY 14,484,755.83 in the previous year, showing a growth of approximately 21.4%[35]. Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥45,129,840.27, a 186.20% increase from a negative cash flow of ¥52,355,421.25 in the previous year[6]. - The net cash flow from operating activities improved significantly to CNY 45,129,840.27, a turnaround from a negative cash flow of CNY -52,355,421.25 in the previous period, attributed to increased receivables[14]. - Cash inflows from operating activities totaled CNY 898,217,864.74, compared to CNY 850,442,442.12 in the previous year, showing an increase of about 5.6%[37]. - The net cash flow from financing activities was CNY 117,198,841.62, significantly higher than CNY 12,871,996.51 in the same period last year, reflecting improved financing conditions[40]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,538,573,043.33, reflecting a 10.95% increase from ¥1,386,740,197.02 at the end of the previous year[6]. - Total liabilities amount to ¥417,868,139.75, up 36.0% from ¥307,513,509.58 in the previous period[30]. - Cash and cash equivalents at the end of the period are ¥180,574,365.80, down 24.5% from ¥239,230,894.58 at the beginning of the year[27]. - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 157,464,365.80, down from CNY 187,414,532.63 at the end of Q1 2022, a decrease of approximately 16%[42]. Research and Development - The company's R&D expenses surged by 236.08% to ¥9,933,799.93, primarily due to increased investment in polypropylene and catalyst projects[11]. - The company has increased its R&D expenses to ¥9,933,799.93, significantly higher than ¥2,955,795.01 in the previous period, indicating a focus on innovation[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,940, with the largest shareholder, China Petroleum & Chemical Corporation, holding 22.91%[18]. - The company’s minority shareholders' profit decreased significantly to CNY -12,865.18, a 100.48% decline compared to the previous period[14]. Investment Activities - Investment activities generated a net cash outflow of CNY -220,738,152.22, a significant increase from CNY -15,243,140.05 in the previous period[17]. - The company reported a cash outflow from investing activities of CNY 220,738,152.22, compared to CNY 15,243,140.05 in the previous year, indicating increased investment activity[40]. - The company raised CNY 109,500,000.00 from bank loans, a 1464.29% increase compared to CNY 7,000,000.00 previously[17]. - The total cash inflow from financing activities reached CNY 124,450,000.00, up 523.13% from CNY 19,971,834.00 in the prior period[17].