威海广泰(002111) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥473,446,073.41, a decrease of 13.49% compared to ¥547,303,508.00 in the same period last year[4] - Net profit attributable to shareholders was ¥30,598,111.63, down 51.34% from ¥62,886,809.31 year-on-year[4] - The company's basic earnings per share decreased by 50.00% to ¥0.06 from ¥0.12 in the same period last year[4] - Net profit for Q1 2023 was ¥30.36 million, a decline of 51.0% from ¥61.99 million in Q1 2022[24] - The total comprehensive income attributable to the parent company was CNY 29,274,961.63, a decrease of 53.2% compared to CNY 62,490,362.89 in the previous period[25] Cash Flow - The net cash flow from operating activities was -¥186,384,901.43, a decline of 290.06% compared to ¥98,065,060.65 in the previous year[4] - Cash inflow from operating activities totaled CNY 544,499,285.12, down 31.9% from CNY 800,202,231.24[26] - Cash outflow from operating activities increased to CNY 730,884,186.55, up 4.1% from CNY 702,137,170.59[26] - Net cash flow from financing activities was CNY 228,283,117.57, compared to a negative CNY -94,570,874.76 in the previous period[27] Assets and Liabilities - Total assets at the end of Q1 2023 increased by 4.28% to ¥5,646,533,551.05 from ¥5,414,780,644.42 at the end of the previous year[5] - Current liabilities rose to ¥2.29 billion in Q1 2023, compared to ¥2.13 billion in Q1 2022, marking an increase of 7.7%[21] - Non-current liabilities increased to ¥258.56 million in Q1 2023, up from ¥222.50 million in Q1 2022, representing a growth of 16.2%[21] - The company's cash and cash equivalents totaled ¥3.98 billion in Q1 2023, compared to ¥3.74 billion in Q1 2022, indicating a rise of 6.4%[21] Operational Changes - The company expects overall revenue to steadily grow throughout the year as market conditions improve[9] - Financial expenses increased by 362.66% to ¥8,855,005.63 due to an increase in financing scale[11] - The company reported a significant increase in government subsidies, contributing to a 173.67% rise in other income to ¥7,877,710.93[11] - Long-term borrowings increased by 234.88% to ¥57,111,603.08 as the company optimized its debt structure[11] - The company is undergoing an intelligent transformation project at the Yangting base to enhance competitiveness in the emergency rescue market[16] Inventory and Receivables - Accounts receivable increased to RMB 1.58 billion from RMB 1.52 billion, reflecting a growth of about 3.7%[19] - Inventory levels rose to RMB 1.43 billion, up from RMB 1.26 billion, indicating an increase of approximately 13.3%[19] - The company’s prepayments increased to RMB 231.31 million from RMB 194.69 million, marking a rise of approximately 18.7%[19] - The company’s other receivables decreased slightly to RMB 107.24 million from RMB 114.57 million, a decline of about 6.4%[19] Financing Activities - The company plans to raise up to RMB 700 million through the issuance of convertible bonds to fund the construction of an emergency rescue equipment production base and to supplement working capital[16] - The company received a notice from the Shenzhen Stock Exchange acknowledging the acceptance of its application for issuing convertible bonds[16] - The company is currently responding to inquiries from the Shenzhen Stock Exchange regarding its bond issuance application[17] Research and Development - Research and development expenses for Q1 2023 were ¥32.62 million, a decrease of 7.4% from ¥35.21 million in Q1 2022[24] Audit Status - The first quarter report was not audited[28]