宁波华翔(002048) - 2023 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2023 reached ¥4,636,619,344.07, an increase of 10.5% compared to ¥4,195,853,912.10 in Q1 2022[4] - The company's operating revenue for Q1 2023 was ¥4,636,619,344.07, representing a 10.50% increase compared to ¥4,195,853,912.10 in the same period last year[26] - Net profit attributable to shareholders of the listed company was ¥199,659,342.29, a 1.59% increase from ¥196,532,011.74 year-on-year[26] - The company reported a total profit of ¥343,313,398.65, up from ¥311,182,310.01 in the previous year[26] - The company reported a net profit attributable to shareholders of CNY 190,800,855.86, compared to a loss of CNY 186,075,623.03 in the previous period[44] - The company experienced a comprehensive income total of CNY 267,480,564.30, compared to a loss of CNY 123,855,664.90 in the previous period[44] Operating Costs and Expenses - Total operating costs for Q1 2023 were ¥4,357,233,623.93, up 10.7% from ¥3,936,027,204.36 in the same period last year[4] - The company incurred research and development expenses of ¥170,001,124.44, an increase from ¥150,461,941.34 year-on-year[26] - Cash outflow for purchasing goods and services was CNY 3,959,663,384.39, compared to CNY 2,892,083,281.19 in the previous period, reflecting increased operational costs[40] - Cash paid to employees increased to $797.23 million from $698.63 million, representing a rise of approximately 14.2%[46] - Cash paid for taxes rose to $370.39 million, compared to $306.48 million, marking an increase of about 20.9%[46] Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥23,481,229,853.55, compared to ¥22,940,044,673.81 at the beginning of the year, reflecting a growth of approximately 2.4%[9] - Total liabilities increased to ¥10,558,479,819.06 from ¥10,265,976,262.94, indicating a rise of about 2.8%[3] - Current assets totaled ¥13,683,236,514.29, up from ¥13,342,708,940.00, marking an increase of approximately 2.5%[9] - Long-term borrowings increased to ¥85,464,635.29 from ¥56,749,848.58, reflecting a growth of about 50.8%[3] - The equity attributable to shareholders of the listed company increased by 1.83% to ¥11,290,415,087.80 from ¥11,088,013,172.62[26] Cash Flow - The net cash flow from operating activities decreased by 123.62% to -¥102,083,611.55, primarily due to concentrated payments to suppliers for last year's outstanding invoices[30] - Total cash inflow from operating activities reached CNY 5,204,472,234.46, up from CNY 4,514,410,506.86 in the previous period, representing an increase of approximately 15.3%[40] - The net cash flow from operating activities was -$102.08 million, a significant decrease compared to $432.26 million in the previous period, indicating a decline in operational performance[46] - The net cash flow from financing activities improved to $205.57 million, compared to a negative cash flow of -$814.73 million in the prior period, showing a recovery in financing operations[46] - The company reported a cash inflow from borrowing of $369.85 million, a significant increase from $51.37 million, reflecting enhanced financing activities[46] Shareholder Information - The number of common shareholders at the end of the reporting period was 34,765, with the largest shareholder holding 24.53% of the shares[35] - The top ten shareholders collectively held a significant portion of the company's shares, with the largest shareholder, Ningbo Fengmei Industrial Co., Ltd., owning 199,718,951 shares[35] Other Financial Metrics - Basic and diluted earnings per share were both ¥0.2453, down 7.75% from ¥0.2659 in the previous year[26] - The company reported a decrease in the weighted average return on net assets to 1.27% from 1.62% year-on-year[26] - The ending cash and cash equivalents balance was $1.92 billion, down from $2.62 billion, indicating a reduction in liquidity[46] - The impact of exchange rate changes on cash and cash equivalents was a negative $4.62 million, worsening from -$2.37 million in the previous period[46] - The net increase in cash and cash equivalents was -$875.15 million, an improvement from -$987.19 million, indicating a reduced cash burn rate[46] Inventory and Receivables - Inventory levels rose to ¥2,768,624,254.49 from ¥2,538,614,638.38, representing an increase of approximately 9%[9] - The company reported a significant increase in accounts receivable, which rose to ¥5,108,870,552.75 from ¥5,102,841,883.82, indicating a slight increase of 0.1%[7] Investment Activities - Total cash outflow from investing activities reached $980.99 million, up from $607.33 million, reflecting increased investment expenditures[46] - Cash outflow for the acquisition of fixed assets and intangible assets was $317.52 million, up from $293.65 million, indicating ongoing capital investments[46] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies during this reporting period[37]