GDCH(SZ:000976)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 267,748,796.93, a decrease of 5.60% compared to CNY 283,619,518.39 in the same period last year[7] - Net profit attributable to shareholders was CNY 17,188,378.83, down 65.32% from CNY 49,569,113.06 year-on-year[7] - Basic and diluted earnings per share decreased by 63.33% to CNY 0.011 from CNY 0.03 in the same period last year[7] - Total operating revenue for Q1 2023 was ¥267,748,796.93, a decrease of 5.1% compared to ¥283,619,518.39 in the same period last year[28] - Net profit for Q1 2023 was ¥15,059,561.71, down 70.0% from ¥51,808,766.69 in the previous year[29] - The total comprehensive income for the period was CNY 14,281,955.63, a decrease from CNY 49,964,667.80 in the previous period[30] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 698,186,066.28, a significant decline of 12,692.98% compared to -CNY 5,457,573.47 in the previous year[7] - The cash inflow from operating activities totaled CNY 288,884,980.06, down from CNY 462,171,700.89 in the previous period[31] - The cash outflow from operating activities increased to CNY 987,071,046.34 from CNY 467,629,274.36 in the previous period[32] - The cash and cash equivalents at the end of the period were CNY 66,627,300.99, a significant decrease from CNY 1,224,613,080.40 at the end of the previous period[32] - The company reported a net cash flow from financing activities of CNY -63,306,690.90, compared to CNY 586,432,959.54 in the previous period[32] - The company’s total cash inflow from financing activities was CNY 179,750,300.09, a decrease from CNY 830,202,848.58 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,027,499,778.42, a decrease of 4.00% from CNY 6,278,329,765.14 at the end of the previous year[7] - Current liabilities decreased to ¥1,429,252,998.43, down 15.7% from ¥1,695,955,926.85 at the start of the year[26] - The company's cash and cash equivalents decreased by 81.50% to CNY 16,758.21 million, primarily due to payments for raw material purchases[11] - Accounts receivable increased by 48.34% to CNY 23,853.34 million, mainly due to outstanding bills not yet due for acceptance[11] - Inventory rose by 61.42% to CNY 58,469.53 million, attributed to increased procurement of high-speed rail component materials[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,761, with the top ten shareholders holding significant stakes[13] - The controlling shareholder has cumulatively increased its stake by 2.1509 million shares, accounting for 0.13% of the total share capital, at an average price of RMB 4.696 per share, totaling RMB 10.1007 million[20] Corporate Actions - The company plans to publicly issue bonds with a total scale not exceeding RMB 1 billion, with the issuance amount not exceeding 40% of the latest audited net assets as of the previous period[15] - The company acquired a 10% stake in Tonghui Capital for a maximum investment of RMB 553.825 million, with a minimum payment obligation of RMB 6.5 million for unpaid registered capital[16] - The acquisition of 100% equity in Qingdao Changyunsheng was completed for a transaction price of RMB 1.12 billion, making it a wholly-owned subsidiary[16] - The company is in the process of changing its registered address and name, moving from Guangdong to Shandong, with the new name being Shandong Huatie Tongda High-speed Equipment Co., Ltd.[21] - As of the report date, the company has not provided any updates on the bond issuance or the changes in registered information[22] Expenses - The company reported a decrease in sales expenses by 32.13% to CNY 1,299.04 million, reflecting lower sales service fees due to reduced revenue[11] - The company reported a significant increase in research and development expenses to ¥5,180,423.87, compared to ¥6,689,812.66 in the previous year[29]