云内动力(000903) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,645,027,469.87, a decrease of 15.27% compared to ¥1,941,550,440.84 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥52,844,886.64, an improvement of 44.37% from a loss of ¥94,991,287.26 in Q1 2022[3] - The company reported a net loss of CNY 247,113,579.56 for Q1 2023, compared to a loss of CNY 194,268,692.92 in the same period last year[21] - The net profit for the first quarter of 2023 was -50,267,973.38 CNY, compared to -94,323,315.48 CNY in the same period last year, showing an improvement of approximately 46.6%[23] - Operating profit for the first quarter was -50,735,231.76 CNY, a significant improvement from -116,423,516.30 CNY year-over-year[23] - Gross profit margin for Q1 2023 was approximately 1.5%, compared to 6.5% in Q1 2022, indicating a significant decline in profitability[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 73.50%, reaching -¥301,031,799.86 compared to -¥1,135,962,298.05 in the previous year[3] - Cash flow from operating activities showed a net outflow of -301,031,799.86 CNY, compared to -1,135,962,298.05 CNY in the previous year, indicating a reduction in cash burn[25] - The company reported cash inflow from financing activities of 369,827,363.31 CNY, an increase from 257,700,000.00 CNY in the same period last year[26] - The company’s cash balance was RMB 648,542,353.80 as of March 31, 2023, an increase from RMB 636,823,510.84 at the beginning of the year, reflecting a growth of approximately 1.13%[18] - Total cash and cash equivalents at the end of the quarter were 463,367,278.49 CNY, down from 783,105,466.23 CNY at the end of the previous year[26] Assets and Liabilities - The total assets increased by 3.38% to ¥13,778,455,355.53 from ¥13,328,009,820.88 at the end of the previous year[3] - Total liabilities reached CNY 9,417,907,446.38, compared to CNY 8,939,844,507.90 in the same period last year, indicating a rise in financial obligations[20] - The company's equity attributable to shareholders was CNY 4,329,696,935.46, slightly down from CNY 4,375,806,223.84 year-over-year[21] Accounts Receivable and Payables - The accounts receivable increased by 42.86% to ¥2,999,703,863.15, attributed to extended payment terms to capture the National VI diesel engine market[7] - Accounts receivable increased significantly to RMB 2,999,703,863.15 from RMB 2,099,810,814.71, representing a growth of about 42.8%[18] - The company reported a 276.70% increase in payable taxes, amounting to ¥36,754,942.49, primarily due to an increase in value-added tax payable[8] Investments and Subsidiaries - The company has established a new subsidiary, Yunnan Heyuan New Energy Power Technology Co., Ltd., to focus on the research, production, and sales of hydrogen fuel cell systems, in collaboration with Wuhan Zhongyu Power System Technology Co., Ltd. and Yunnan Xuhe Trading Co., Ltd.[15] - A new investment was approved to establish Shandong Banggao Power Technology Co., Ltd. aimed at enhancing the market share of gasoline engines in Shandong, in partnership with several local companies[16] - The company is focusing on long-term sustainable development through strategic investments in new technologies and market expansion initiatives[15][16] Research and Development - Research and development expenses increased to CNY 54,290,982.43 in Q1 2023, up from CNY 50,576,969.22 in Q1 2022, reflecting a focus on innovation[21] Other Financial Metrics - The company recorded a substantial increase in asset disposal gains, which surged by 5699.45% to ¥5,661,558.62 compared to ¥97,622.36 in Q1 2022[10] - The weighted average return on net assets improved by 0.47 percentage points to -1.21% from -1.68% in the previous year[3] - The company incurred asset impairment losses of -4,634,951.35 CNY, compared to 3,219,571.08 CNY in the previous year, indicating a deterioration in asset quality[23] - The company’s trading financial assets decreased to RMB 334,873,708.34 from RMB 373,822,041.68, indicating a decline of approximately 10.4%[18]