湘潭电化(002125) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 was CNY 464.22 million, an increase of 6.16% compared to CNY 437.29 million in the same period last year[4] - Net profit attributable to shareholders decreased by 71.27% to CNY 40.44 million from CNY 140.78 million year-on-year[4] - Net profit after deducting non-recurring gains and losses fell by 79.90% to CNY 27.84 million compared to CNY 138.47 million in the previous year[4] - Basic and diluted earnings per share dropped by 72.73% to CNY 0.06 from CNY 0.22 year-on-year[4] - Net profit decreased by 72.99% year-on-year, primarily due to reduced investment income from associates, lower average selling prices of lithium manganese oxide products, decreased sales volume of electrolytic manganese dioxide, and increased management costs due to production stoppage during the Spring Festival[12] - Total operating revenue for Q1 2023 was CNY 464,219,545.45, an increase of 6.4% compared to CNY 437,286,057.48 in Q1 2022[22] - Net profit for Q1 2023 was CNY 39,958,522.62, a decrease of 73.0% from CNY 147,919,715.95 in Q1 2022[23] - The total comprehensive income for the first quarter of 2023 was CNY 39,958,522.62, compared to CNY 147,919,715.95 in the same period last year[24] Cash Flow and Liquidity - Operating cash flow decreased by 20.67% to CNY 15.35 million from CNY 19.35 million in the same period last year[4] - Cash and cash equivalents increased by 74.03% to CNY 146.07 million compared to CNY 83.93 million in the previous year[8] - Cash and cash equivalents increased to ¥421,225,562.64 from ¥284,735,935.17 at the beginning of the year, indicating improved liquidity[18] - The cash flow impact from exchange rate changes increased by 38.87% year-on-year, highlighting the influence of currency fluctuations on cash and cash equivalents[12] - The net cash flow from operating activities was CNY 15,353,435.59, down from CNY 19,352,843.68 year-on-year, indicating a decrease of approximately 21%[26] - The cash inflow from operating activities totaled CNY 384,028,572.75, slightly lower than CNY 393,383,759.99 in the previous year[26] - The cash outflow from operating activities was CNY 368,675,137.16, compared to CNY 374,030,916.31 in the same period last year[26] - The net cash flow from investing activities was -CNY 5,862,403.38, a significant improvement from -CNY 71,845,492.10 in the previous year[26] - The cash inflow from financing activities was CNY 405,600,000.00, down from CNY 620,775,305.58 year-on-year[26] - The cash outflow from financing activities totaled CNY 268,782,716.74, compared to CNY 483,961,084.39 in the same period last year[26] - The ending cash and cash equivalents balance was CNY 350,065,659.87, an increase from CNY 280,321,524.78 year-on-year[26] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 5.13 billion, a slight decrease of 0.12% from CNY 5.13 billion at the end of the previous year[4] - Current liabilities decreased to CNY 1,388,768,016.95 from CNY 1,693,528,592.95 in the previous quarter, a reduction of 18.0%[20] - Long-term borrowings increased to CNY 1,009,304,211.58, up from CNY 897,092,583.69, reflecting a growth of 12.5%[20] - The company's total assets amounted to CNY 5,128,319,012.19, slightly down from CNY 5,134,447,718.55 at the end of the previous quarter[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,719, with no preferred shareholders restoring voting rights[14] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 28.59% of shares, amounting to 179,971,473 shares, with 89,890,000 shares pledged[14] - The company has no preferred shareholders as of the reporting period, indicating a focus on common equity financing[16] - The company is actively managing its shareholder structure, with significant stakes held by state-owned entities, ensuring stability in governance[14] Operating Costs and Expenses - Operating costs increased by 35.11% to CNY 379.52 million, primarily due to increased sales of lithium manganese oxide products[9] - Total operating costs rose to CNY 451,524,276.17, up 32.3% from CNY 341,789,825.26 in the previous year[22] - Research and development expenses for Q1 2023 were CNY 9,858,886.45, slightly down from CNY 10,102,988.75 in Q1 2022[23] Investment and Non-Operating Income - Non-operating income surged by 1599.94% to CNY 1.73 million, mainly from the disposal of non-current asset waste income[11] - The company reported an investment income of CNY 21,954,308.41, a significant decrease from CNY 74,734,982.24 in the same period last year[23] Other Information - The company decided to conclude the "Xiangtan Electric New Energy Materials Research Institute Construction Project" and permanently supplement working capital with surplus raised funds of ¥40.1298 million[16] - The company reported a decrease in accounts receivable from ¥412,016,842.05 to ¥369,340,469.90, reflecting improved collection efficiency[18] - The company did not undergo an audit for the first quarter report[27]