Zhongtai Chemical(SZ:002092)2023-04-26 16:00Shareholder Information - As of March 31, 2023, the total number of common shareholders is 132,327[1]. - The company’s major shareholder, Xinjiang Zhongtai (Group) Co., Ltd., holds 588,285,673 shares, representing 22.62% of the total shares[5]. Financial Performance - The net profit attributable to shareholders decreased by 172.78% compared to the same period last year due to a significant drop in market prices for PVC and viscose yarn[12]. - The company's basic and diluted earnings per share for Q1 2023 were both -0.1250 yuan, representing a decrease of 172.80% year-on-year[17]. - The company's operating revenue for the first quarter was ¥10,706,407,934.32, a decrease of 28.65% compared to ¥15,005,177,066.22 in the same period last year[33]. - The net profit attributable to shareholders of the listed company was -¥321,891,309.26, representing a decline of 172.78% from ¥442,301,627.68 year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥336,906,127.26, a decrease of 179.19% compared to ¥425,463,130.28 in the previous year[33]. - The company's total profit decreased by 174.18% year-on-year, mainly due to a decline in the prices of key products[21]. - Net profit for the current period is ¥21,040,421.70, compared to ¥66,169,853.05 in the previous period, reflecting a significant decline[38]. - The company reported a net operating profit of -¥433,942,140.60, a decrease from ¥580,030,780.14 in the previous period[38]. Assets and Liabilities - Total assets as of the end of Q1 2023 amounted to 82.20 billion yuan, an increase of 2.26% from the end of the previous year[17]. - The company's total liabilities increased, with short-term borrowings rising by 30.06% to ¥7,207,425,636.23 from ¥5,542,634,265.92 at the beginning of the year[28]. - The total assets of the company reached ¥82,201,183,819.62, an increase from ¥80,381,863,925.02 at the beginning of the year[28]. - The total liabilities increased to ¥49,715,887,646.79 from ¥47,438,590,722.72, indicating a rise in financial obligations[36]. - The total equity attributable to shareholders decreased to ¥25,415,534,377.13 from ¥25,743,062,409.50, reflecting a decline in shareholder value[36]. Cash Flow - The net cash flow from operating activities was -1.27 billion yuan, an improvement of 13.04% compared to the previous year[17]. - Cash flow from operating activities is ¥12,622,795,091.15, a decrease from ¥18,554,317,359.04 in the previous period[42]. - The total cash outflow from operating activities was 14,575,921,839.84, down from 20,632,647,365.96, suggesting improved operational efficiency[46]. - The cash flow from operating activities showed a decrease in cash outflow by approximately 13.1% compared to the previous period[46]. - Cash inflow from financing activities totaled 6,008,015,542.81, compared to 5,898,400,000.00 in the prior period, reflecting a slight increase in financing[48]. - The net cash flow from financing activities was 2,103,995,132.45, up from 1,854,222,954.59, showing improved cash generation from financing sources[48]. - Cash and cash equivalents at the end of the period amounted to 3,187,954,825.17, compared to 2,338,608,763.84 at the end of the previous period, indicating a positive cash position[48]. Operational Efficiency - The company is focusing on cost reduction and efficiency improvement while continuing to develop its main business[12]. - Total operating costs for the current period are ¥11,157,295,821.82, down 23.5% from ¥14,567,730,602.61 in the previous period[36]. - Research and development expenses for the current period are ¥22,790,996.01, down from ¥25,456,558.92 in the previous period, indicating a reduction in R&D investment[38]. - Cash outflow for investing activities was 1,059,269,683.27, compared to 848,097,168.36 in the previous period, indicating increased investment activity[46]. - Cash inflow from investment activities was 11,096,072.31, up from 6,803,810.60, reflecting a rise in cash recovered from investments[46]. Tax and Other Expenses - The company's tax expenses decreased by 68.20% year-on-year, mainly due to a decline in total profit[21]. - The company paid 362,222,525.56 in taxes, significantly lower than 684,750,167.22 in the previous period, indicating a reduction in tax liabilities[46]. - Other comprehensive income after tax for the current period is -¥10,291,738.23, compared to -¥2,914,652.24 in the previous period, indicating a worsening in comprehensive income[41]. Investment Income - The company's investment income decreased by 100.83% compared to the previous year, primarily due to reduced investment income from joint ventures[21]. - The weighted average return on net assets was -1.26% for Q1 2023, down from 1.74% in the previous year[17]. - The company's cash and cash equivalents decreased to ¥8,033,392,916.74 from ¥8,117,147,787.42, a decline of 1.03%[26]. - The net increase in cash and cash equivalents was up by 50.70% compared to the previous year, attributed to increased borrowings[21]. - The company experienced a foreign exchange loss of -6,987,179.40, compared to -1,870,544.87 in the previous period, indicating increased volatility in currency exchange rates[48].