Financial Performance - The company's operating revenue for Q1 2023 was ¥177,331,189.58, a decrease of 18.41% compared to ¥217,332,013.23 in the same period last year[4] - Net profit attributable to shareholders increased by 30.01% to ¥18,582,375.84 from ¥14,293,190.66 year-on-year[4] - The net profit after deducting non-recurring gains and losses rose by 52.57% to ¥16,317,273.94 compared to ¥10,694,679.16 in the previous year[4] - Total operating revenue for the current period is $177.33 million, down 18.4% from $217.33 million in the previous period[17] - Net profit for the current period is $18.40 million, an increase of 28.3% compared to $14.36 million in the previous period[18] - Operating profit rose to $22.00 million, up 27.5% from $17.23 million in the previous period[17] - Basic and diluted earnings per share improved to $0.1739, compared to $0.1338 in the previous period[18] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥34,131,442.21, a significant decline of 197.74% from the previous year's outflow of ¥11,463,366.30[4] - Cash flow from operating activities showed a net outflow of $34.13 million, worsening from a net outflow of $11.46 million in the previous period[21] - Cash and cash equivalents increased by 465.44% to ¥120,587,480.11 compared to a decrease of ¥32,997,748.68 in the same period last year[9] - Cash and cash equivalents at the end of the period totaled $331.70 million, down from $578.75 million at the end of the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,929,033,541.03, reflecting a 2.05% increase from ¥1,885,182,805.23 at the end of the previous year[5] - The company's total current assets increased to CNY 1,269,516,634.01 from CNY 1,230,997,236.30 at the beginning of the year, reflecting a growth of approximately 3.1%[14] - Total liabilities increased to CNY 332,577,505.19 from CNY 313,762,514.92, which is an increase of about 6.5%[15] - The total assets of the company reached CNY 1,929,033,541.03, up from CNY 1,890,327,373.57, reflecting an increase of about 2.1%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 14,608[11] - The largest shareholder, Xiong Ying, holds 24.84% of the shares, amounting to 26,541,382 shares[11] Inventory and Costs - Inventory levels increased by 55.27% to ¥279,253,220.03, attributed to raw material stocking[9] - Inventory increased significantly to CNY 279,253,220.03 from CNY 179,851,544.87, marking a growth of approximately 55%[14] - Total operating costs decreased to $161.67 million, a reduction of 20.6% from $203.47 million[17] Research and Development - Research and development expenses increased to $4.31 million, up 13.4% from $3.80 million in the previous period[17] Government Support - The company received government subsidies amounting to ¥1,361,768.54, primarily related to environmental protection initiatives[6] Borrowings - The company reported a significant increase in short-term borrowings, rising by 663.36% to ¥30,000,000.00 from ¥3,930,000.00[9] - The company reported a short-term loan of CNY 30,000,000.00, a significant increase from CNY 3,930,000.00 at the beginning of the year[15] Other Information - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the current report[12] - The company experienced a credit impairment loss of $3.42 million, compared to a gain of $1.49 million in the previous period[17] - The weighted average return on equity was 1.18%, up from 0.93% in the previous year[4] - The company reported a significant increase in investment cash inflow to $307.48 million, compared to $90.45 million in the previous period[21]
长江材料(001296) - 2023 Q1 - 季度财报