中科三环(000970) - 2023 Q1 - 季度财报

Financial Performance - The net profit attributable to shareholders of the parent company for the first quarter was CNY 101.14 million, a decrease of 39.12% compared to the previous period, primarily due to increased exchange losses and asset impairment losses [17]. - The net profit for the first quarter of 2023 was CNY 126,565,123.16, a decrease of 35% compared to CNY 194,601,871.19 in the same period last year [30]. - The net profit attributable to the parent company was CNY 101,140,668.66, down from CNY 166,118,346.41, representing a decline of approximately 39% [30]. - The total comprehensive income for the first quarter was CNY 127,093,425.11, compared to CNY 194,514,734.90 in the previous year, indicating a decrease of about 35% [30]. - Basic and diluted earnings per share were both CNY 0.0832, down from CNY 0.1489 in the same quarter last year [30]. - Net profit attributable to shareholders decreased by 39.12% to ¥101,140,668.66 from ¥166,118,346.41 year-on-year [47]. - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 42.01% to ¥92,296,421.60 compared to ¥159,169,450.21 in the previous year [47]. - Basic and diluted earnings per share decreased by 44.12% to ¥0.0832 from ¥0.1489 year-on-year [47]. Cash Flow and Liquidity - The net cash flow from operating activities for the period was CNY 495.92 million, an increase of 244.39% year-on-year, driven by increased cash receipts from sales and reduced cash payments for purchases [17]. - The cash inflow from investment activities was CNY 1.31 million, a decrease from CNY 3.63 million in the previous period [12]. - The net cash flow from financing activities was negative CNY 142.44 million, a decrease of 116.54% compared to the previous period, mainly due to reduced cash inflows from investments and borrowings [14]. - The company’s total operating cash inflow for the period was CNY 2.75 billion, compared to CNY 1.97 billion in the previous period [12]. - Net cash flow from operating activities improved significantly to ¥495,918,745.20, a 244.39% increase from -¥343,456,680.70 in the same period last year [47]. Assets and Liabilities - The total cash and cash equivalents at the end of the period amounted to CNY 2.25 billion, compared to CNY 1.62 billion at the end of the previous period, reflecting a net increase of CNY 205.81 million [14]. - The total current assets decreased from CNY 9,131,775,563.14 at the beginning of the year to CNY 8,968,585,240.86 at the end of the period, representing a decline of approximately 1.79% [24]. - Total assets decreased from CNY 11,712,940,372.98 to CNY 11,611,729,718.53, a decrease of about 0.86% [24]. - Total liabilities decreased to CNY 3,861,440,790.28 from CNY 4,094,329,951.53, reflecting a reduction of approximately 6% [28]. - The total equity increased to CNY 7,750,288,928.25 from CNY 7,618,610,421.45, showing an increase of about 2% [28]. - The total current liabilities decreased to CNY 3,354,458,947.42 from CNY 3,633,154,557.30, a decline of about 8% [28]. Operational Metrics - The company reported a decrease of 40.55% in prepaid accounts to CNY 17.16 million, mainly due to reduced advance payments for material purchases [17]. - The balance of deferred income increased by 103.95% to CNY 89.80 million, attributed to increased project construction subsidies received by subsidiaries [17]. - Financial expenses for the period amounted to CNY 43.78 million, an increase of 164.76%, primarily due to increased foreign exchange losses from changes in the USD exchange rate [17]. - The company experienced a 31.28% decrease in taxes payable, amounting to CNY 71.77 million, due to a corresponding reduction in income tax resulting from decreased profits [17]. - Operating costs rose to ¥2,033,715,578.99, up from ¥1,933,336,680.02 in the previous period [47]. - Research and development expenses were ¥28,114,323.26, slightly down from ¥28,323,735.01 in the previous year [47].