常铝股份(002160) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,575,357,559.19, representing a 10.35% increase compared to ¥1,427,627,960.23 in the same period last year[5] - Net profit attributable to shareholders decreased by 88.17% to ¥2,812,105.32 from ¥23,765,225.53 year-on-year[5] - Basic and diluted earnings per share dropped by 90.97% to ¥0.0027 from ¥0.0299 in the same period last year[5] - The net loss attributable to the parent company was ¥413,913,492.28, slightly improved from a loss of ¥416,725,597.60 in the previous year[15] - In Q1 2023, Jiangsu Chang Aluminum's net profit was CNY 624,331.67, a significant decrease from CNY 22,733,523.97 in the same period last year, representing a decline of approximately 97.25%[18] - The total comprehensive income attributable to the parent company was CNY 613,098.00, a sharp decline from CNY 26,565,705.17 in the same quarter last year[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥62,856,210.20, a decline of 754.30% compared to ¥9,606,613.57 in the previous year[5] - Operating cash flow turned negative with a net cash outflow of CNY 62,856,210.20, compared to a positive inflow of CNY 9,606,613.57 in the previous year[19] - The company reported cash outflows from financing activities of CNY 1,474,149,905.95, significantly higher than CNY 651,360,035.29 in the previous year, indicating increased financing costs[20] - The company has reported a significant reduction in cash reserves, which may impact its liquidity and operational flexibility moving forward[12] - The company's cash and cash equivalents decreased to CNY 817,881,430.80 from CNY 1,375,727,060.52, representing a decline of about 40.5%[13] - The company reported a total cash and cash equivalents balance of CNY 514,501,935.53 at the end of Q1 2023, down from CNY 1,134,882,147.16 at the beginning of the period, indicating a decrease of approximately 54.7%[20] Assets and Liabilities - Total assets decreased by 7.03% to ¥7,792,795,077.74 from ¥8,382,137,483.62 at the end of the previous year[5] - In Q1 2023, Jiangsu Chang Aluminum's total assets amounted to CNY 5,154,417,831.02, a decrease from CNY 5,747,377,850.90 at the beginning of the year, reflecting a decline of approximately 10.3%[12] - Total liabilities decreased to ¥4,205,126,661.98 from ¥4,781,317,805.24 in the previous year[15] - The company reported a total of ¥1,056,396,101.71 in non-current liabilities, a decrease from ¥316,683,625.01 in the previous year[15] - Short-term borrowings decreased by 43.82% to ¥140,000,000.00, as the company repaid part of its short-term loans[7] - Short-term borrowings were reduced to ¥1,403,451,066.57 from ¥2,498,211,670.44 in the previous year, indicating a significant decrease of 43.8%[15] Research and Development - Research and development expenses increased by 38.99% to ¥7,420,000.00, reflecting the company's commitment to innovation[7] - Research and development expenses increased to ¥69,448,463.96, a rise of 39.0% compared to ¥49,965,064.31 in the previous year[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 63,903[8] - The company issued 237,199,191 shares of A-shares on January 18, 2023, raising capital and increasing the holding of Qilu Financial Investment Group to 29.90%[11] - The company reported a total of 308,801,569 shares held by Qilu Financial Investment Group after the private placement, with an 8.16% voting power entrusted from Changshu Aluminum Foil Factory[11] - The total number of shares held by the top ten unrestricted shareholders includes 84,290,619 shares held by Changshu Aluminum Foil Factory, which is the largest shareholder[10] Operational Insights - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[10] - The company has not disclosed any new product developments or market expansion strategies in the current report[21] - The company incurred asset impairment losses of CNY 2,420,509.93, compared to CNY 2,316,027.05 in the previous year, indicating a slight increase in impairment[18]