河化股份(000953) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥57,808,350.06, representing a 41.10% increase compared to ¥40,969,366.74 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥1,569,616.07, which is a 9.65% increase in loss from ¥1,431,517.79 in the previous year[5] - The net profit for Q1 2023 was -1,573,833.18 yuan, compared to -1,390,574.95 yuan in Q1 2022, indicating a year-over-year decline of approximately 13.2%[21] - The total comprehensive income for Q1 2023 was -1,573,833.18 yuan, compared to -1,390,574.95 yuan in Q1 2022, indicating a worsening of overall financial performance[21] - Operating profit for Q1 2023 was -1,033,325.14 yuan, an improvement from -1,604,123.47 yuan in the same period last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥4,964,205.21, a decline of 252.57% compared to a positive cash flow of ¥3,253,639.09 in the same period last year[5] - Cash flow from operating activities showed a net outflow of -4,964,205.21 yuan, compared to a net inflow of 3,253,639.09 yuan in Q1 2022, reflecting a significant decrease in cash generation[22] - The company reported a cash and cash equivalents balance of 48,644,166.16 yuan at the end of Q1 2023, down from 81,636,641.01 yuan at the end of Q1 2022, a decrease of approximately 40.4%[23] - The company's cash and cash equivalents decreased to CNY 48,644,166.16 from CNY 56,249,276.14 at the beginning of the year, reflecting a cash outflow[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥297,980,795.42, an increase of 3.93% from ¥286,706,539.83 at the end of the previous year[5] - The total liabilities increased to CNY 205,015,642.58 from CNY 192,258,417.77 at the start of the year, indicating a rise in financial obligations[18] - The total equity attributable to shareholders decreased by 1.91% to ¥76,355,219.95 from ¥77,839,963.09 at the end of the previous year[5] - The total equity attributable to shareholders decreased to CNY 76,355,219.95 from CNY 77,839,963.09, reflecting a decline in retained earnings[18] Revenue and Costs - The total operating costs for Q1 2023 were CNY 58,304,382.79, up 33.1% from CNY 43,785,047.86 in Q1 2022[20] - The gross profit margin decreased, with operating costs rising significantly, particularly in the cost of goods sold, which was CNY 50,971,052.98 compared to CNY 37,570,442.29 last year[20] - Total revenue from sales of goods and services was 61,979,849.83 yuan, up from 57,441,722.83 yuan in the previous year, marking an increase of approximately 4.3%[22] Research and Development - The company's research and development expenses increased by 57.74% to ¥1,464,534.36 from ¥928,434.65 in the previous year, indicating a focus on innovation[10] - Research and development expenses increased to 1,464,534.36 yuan, up from 928,434.65 yuan, representing a year-over-year increase of about 57.6%[21] Other Financial Metrics - The basic earnings per share decreased by 10.26% to -¥0.0043 from -¥0.0039 in the previous year[5] - The company received government subsidies amounting to ¥79,594.63, a decrease of 68.22% from ¥250,441.27 in the previous year[10] - The company reported a net loss in retained earnings of CNY -808,522,462.16, slightly worsening from CNY -806,952,846.09 at the beginning of the year[18] - The company incurred financial expenses of 973,773.75 yuan, slightly down from 1,015,099.32 yuan in the previous year[21] Inventory and Accounts Receivable - The accounts receivable increased by 82.76% to ¥25,613,622.71 from ¥14,015,122.75, primarily due to increased sales and delayed customer payments[9] - Inventory levels decreased to CNY 32,091,735.60 from CNY 36,731,889.45, indicating a reduction in stock on hand[17] Operational Developments - The company is preparing for trial production at its newly constructed production line and multifunctional pilot workshop, which is expected to enhance operational capacity[14] - The cash outflow from investing activities was -2,573,515.85 yuan, compared to a net inflow of 42,718,772.62 yuan in Q1 2022, indicating a shift in investment strategy[22]