Financial Performance - The company's revenue for Q1 2023 was CNY 328,066,698.42, representing a 16.77% increase compared to CNY 280,940,734.34 in the same period last year[5] - Net profit attributable to shareholders decreased by 23.50% to CNY 54,302,704.31 from CNY 70,984,332.79 year-on-year[5] - Basic earnings per share fell by 42.63% to CNY 0.6788 from CNY 1.1831 in the same period last year[5] - The company's revenue for Q1 2023 increased by 16.77% year-on-year, while net profit decreased by 23.50% and non-recurring net profit fell by 39.98%, primarily due to a significant decline in gross margin[13] - Total operating revenue for Q1 2023 was CNY 328,066,698.42, an increase of 16.7% compared to CNY 280,940,734.34 in Q1 2022[20] - Net profit for Q1 2023 was CNY 54,302,704.31, a decrease of 23.5% from CNY 70,984,332.79 in Q1 2022[21] - Earnings per share for Q1 2023 was CNY 0.6788, down from CNY 1.1831 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -81,321,339.53, a decline of 45.23% compared to CNY -55,996,569.04 in the previous year[5] - Cash and cash equivalents at the end of Q1 2023 were approximately 466.16 million yuan, down from 799.92 million yuan at the beginning of the year[17] - The net cash flow from operating activities was negative at CNY -81,321,339.53, compared to CNY -55,996,569.04 in the same period last year, indicating a decline in operational cash flow[24] - The net cash and cash equivalents decreased by CNY 316,098,721.56, compared to a decrease of CNY 83,822,413.46 in the same quarter last year, reflecting a worsening liquidity position[25] - The ending balance of cash and cash equivalents was CNY 420,179,637.60, down from CNY 736,278,359.16 at the beginning of the period[25] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,953,788,006.64, a slight increase of 0.34% from CNY 2,943,803,200.33 at the end of the previous year[5] - Total liabilities as of the end of Q1 2023 were CNY 775,313,892.92, a decrease from CNY 820,359,708.41 at the end of Q1 2022[20] - Total equity attributable to shareholders was CNY 2,178,474,113.72, an increase from CNY 2,123,443,491.92 in the previous year[20] Operating Costs and Expenses - The company's operating costs rose by 45.71% to CNY 248,382,569.35, driven by increased revenue and higher material costs[9] - Total operating costs for Q1 2023 were CNY 274,057,525.30, up 37.9% from CNY 198,258,381.80 in the same period last year[20] - Research and development expenses for Q1 2023 were CNY 9,857,047.63, compared to CNY 9,101,251.88 in Q1 2022, reflecting a year-on-year increase of 8.3%[20] Product Performance - The comprehensive gross margin for the reporting period was 24.29%, down 15.03 percentage points from 39.32% in the same period last year, mainly due to reduced sales of high-throughput heat exchangers[14] - Revenue from high-throughput heat exchangers was 26.80 million yuan, accounting for only 8.17% of total revenue, a decrease of 49.32 percentage points compared to the previous year[14] - Revenue from other products increased to 299.16 million yuan from 118.27 million yuan year-on-year, with a gross margin of 23.59%, down 5.39 percentage points from 28.98%[14] - The company reported a significant decrease in the sales proportion of high-throughput heat exchangers, which previously contributed 57.49% to revenue[14] Strategic Focus - The company aims to enhance its core competitiveness by increasing the sales proportion of high-value-added products and improving production efficiency[15] - The company is focused on maintaining a high-end market positioning and aims to stabilize gross margins while increasing revenue[15] - The company continues to focus on market expansion and new product development strategies to enhance future growth prospects[19] Government Support - The company received government subsidies amounting to CNY 11,454,952.51, primarily related to a financing reward from the Wuxi Economic Development Bureau[6] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,226, with the largest shareholder holding 59.06% of the shares[10] Financial Income - The company reported a financial income of CNY 2,789,568.51 in Q1 2023, significantly higher than CNY 691,784.94 in Q1 2022[20]
锡装股份(001332) - 2023 Q1 - 季度财报