德美化工(002054) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 713,892,602.78, representing a 41.49% increase compared to CNY 504,558,016.31 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 5,065,361.43, a decline of 111.63% from a profit of CNY 43,552,356.77 in the previous year[5] - The net cash flow from operating activities was a negative CNY 135,593,420.88, a significant decrease of 4,281.61% compared to CNY 3,242,609.57 in the same period last year[10] - Operating profit for the quarter was CNY -37,015,586.07, a decline of 155.03% from CNY 67,259,688.45 in the previous year[9] - The total profit for the quarter was a loss of CNY 38,205,171.07, a decrease of 156.68% from a profit of CNY 67,409,774.97 in the same period last year[9] - The net profit for Q1 2023 was -39,465,556.99 CNY, a significant decline compared to a net profit of 61,602,477.75 CNY in the same period last year, representing a year-over-year decrease of approximately 164%[28] - The total comprehensive income for Q1 2023 was -38,138,046.42 CNY, compared to 67,817,805.26 CNY in Q1 2022, indicating a decrease of approximately 156%[28] Assets and Liabilities - The company's total assets decreased by 8.71% to CNY 6,847,300,382.69 from CNY 7,500,301,844.47 at the end of the previous year[5] - Current assets decreased to CNY 2,461,462,248.10 from CNY 3,161,741,227.80, a reduction of approximately 22.1%[24] - Total liabilities decreased to CNY 3,776,552,646.65 from CNY 4,369,470,739.43, indicating a decline of about 13.5%[25] - The company’s cash and cash equivalents dropped to CNY 530,759,267.39 from CNY 825,270,728.57, a decrease of 35.7%[24] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders is 19,913[12] - Huang Guanhong holds 19.37% of shares, amounting to 93,406,344 shares[12] - The company’s major shareholder, Fushun Shunde District Changlianrong Investment Co., Ltd., holds 11.40% of shares, amounting to 54,968,957 shares[12] - The company’s major shareholder, He Guoying, holds 7.13% of shares, amounting to 34,353,445 shares[12] - The company’s major shareholder, Ruiqi Investment Co., Ltd., holds 4.24% of shares, amounting to 20,450,709 shares[12] Operating Costs and Expenses - Total operating costs amounted to CNY 758,944,816.19, up 68.2% from CNY 450,880,735.22 in the prior year[26] - The company incurred total operating expenses of 635,935,685.89 CNY, which is significantly higher than the previous year's operating expenses of 370,120,007.76 CNY, marking an increase of approximately 71.8%[29] - The company reported a financial expense of CNY 18,429,661.38, compared to a financial income of CNY -463,432.04 in the previous period[26] - The company reported a tax expense of 1,260,385.92 CNY for the quarter, down from 5,807,297.22 CNY in the previous year, reflecting a decrease of approximately 78%[28] Investment Activities - The company plans to establish a new investment fund with a total scale of no less than RMB 200 million, focusing on new materials, new energy, biotechnology, and intelligent manufacturing[15] - The company made a capital contribution of RMB 38.67 million to the second phase of the Foshan Shengjing Equity Investment Partnership during the reporting period[16] - A total of USD 219.87 million was contributed to the subsidiary Dymatic International (Hong Kong) Limited during the reporting period[17] - The company established a new subsidiary, Green Plus Leaf (Shanghai) International Trade Co., Ltd., with a registered capital of USD 100,000[20] - The company’s subsidiary Dymatic Research Associates Inc. made a capital contribution of USD 180,000 during the reporting period[16] Research and Development - Research and development expenses increased to CNY 25,825,611.34 from CNY 22,752,025.74, representing a growth of 13.8%[26] Cash Flow Management - Investment activities resulted in a net cash outflow of -128,749,718.05 CNY, compared to -172,444,255.26 CNY in the same period last year, showing an improvement in cash flow management[30] - Financing activities generated a net cash outflow of -28,960,873.77 CNY, contrasting with a net inflow of 34,774,748.68 CNY in Q1 2022, indicating a shift in financing strategy[30]