XYT(SZ:002087)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥951,324,035.58, a decrease of 3.35% compared to ¥984,263,365.54 in the same period last year[5] - Net profit attributable to shareholders was ¥3,041,060.95, down 70.68% from ¥10,372,451.54 year-on-year[5] - The company experienced a 72.25% decrease in operating profit compared to the same period last year, primarily due to a decline in production and sales volume[8] - The total revenue from operating activities was CNY 1,091,337,612.92, down from CNY 1,250,061,426.95 in Q1 2022, reflecting a decline of approximately 12.7%[21] - The company reported a total comprehensive income of CNY 2,472,997.60, down 75.7% from CNY 10,196,902.61 in the same quarter last year[20] Earnings and Cash Flow - Basic and diluted earnings per share were both ¥0.0037, representing a decrease of 70.87% from ¥0.0127 in the same period last year[5] - The operating cash flow net amount was negative CNY 369,775,715.24, compared to a positive CNY 71,124,508.39 in the previous year, indicating a significant cash flow deterioration[23] - The company's cash and cash equivalents decreased to CNY 218,389,465.22 from CNY 432,415,164.56, representing a decline of 49.6%[14] - The cash and cash equivalents at the end of the period were CNY 7,189,465.22, down from CNY 57,216,857.92 at the end of Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,510,749,436.33, down 3.66% from ¥6,758,026,394.83 at the end of the previous year[5] - Current liabilities totaled CNY 5,008,496,752.67, down 8.5% from CNY 5,472,945,549.02[16] - The total liabilities decreased to CNY 5,806,433,271.03 from CNY 6,056,590,356.01, a reduction of 4.1%[16] - The company's total equity increased slightly to CNY 704,316,165.30 from CNY 701,436,038.82, an increase of 0.4%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,090[10] - The largest shareholder, Xinye County Finance Bureau, holds 27.30% of the shares, amounting to 222,960,192 shares[10] Operating Costs and Expenses - Total operating costs amounted to CNY 941,683,623.36, down 3.1% from CNY 972,054,998.75 in the prior period[18] - The total operating expenses increased, with management expenses rising to CNY 46,526,372.10 from CNY 38,256,320.22, an increase of approximately 21.5%[19] - Research and development expenses decreased to CNY 19,043,673.09 from CNY 27,954,152.36, a reduction of about 31.7% year-on-year[19] - The financial expenses decreased to CNY 44,198,879.21 from CNY 59,996,439.84, a reduction of about 26.5% year-on-year[19] Borrowings and Subsidies - Long-term borrowings increased by 75.03% compared to the beginning of the year, attributed to new long-term loans[8] - The company received government subsidies amounting to ¥2,512,178.83 during the reporting period[6] - The company pledged 48 million shares to secure a loan from the Export-Import Bank of China, indicating ongoing financial strategies to support operations[12] Inventory and Receivables - Accounts receivable decreased to CNY 924,076,740.15 from CNY 964,019,515.26, a reduction of 4.1%[14] - Inventory increased to CNY 796,587,799.43 from CNY 765,804,991.32, reflecting a rise of 4.0%[15]