江特电机(002176) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥700,303,526.83, a decrease of 48.32% compared to ¥1,355,037,405.86 in the same period last year[3] - Net profit attributable to shareholders was ¥50,648,141.71, down 92.39% from ¥665,746,986.10 year-on-year[3] - The company reported a 90.18% decrease in total profit, amounting to ¥7,570,860.00, compared to the previous year[5] - Total operating revenue for Q1 2023 was CNY 700,303,526.83, a decrease of 48.3% compared to CNY 1,355,037,405.86 in the same period last year[13] - Net profit for Q1 2023 was CNY 52,710,591.93, compared to a net profit of CNY 665,034,397.52 in Q1 2022, reflecting a significant decline[14] Cash Flow - The net cash flow from operating activities was -¥95,505,752.58, a decline of 128.46% compared to ¥335,534,706.40 in the previous year[3] - Cash inflow from operating activities totaled ¥1,109,200,245.49, a decrease of 27.5% from ¥1,532,321,548.19 in the previous period[16] - Net cash flow from operating activities was negative at ¥95,505,752.58, compared to a positive cash flow of ¥335,534,706.40 in the previous period[16] - Cash outflow from investing activities was ¥124,846,209.97, an increase from ¥29,733,959.56 in the previous period[17] - Net cash flow from investing activities was negative at ¥125,165,617.82, compared to a negative cash flow of ¥28,341,291.83 in the previous period[17] - Cash inflow from financing activities was ¥204,193,000.00, down from ¥610,210,000.00 in the previous period[17] - Net cash flow from financing activities was negative at ¥45,983,648.77, compared to a negative cash flow of ¥126,283,853.62 in the previous period[17] - The ending balance of cash and cash equivalents was ¥318,324,893.43, down from ¥598,016,236.61 in the previous period[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,866,631,219.31, a decrease of 5.02% from ¥7,229,265,724.63 at the end of the previous year[3] - The total current assets decreased from CNY 4,540,530,117.90 at the beginning of the year to CNY 3,993,850,029.81 at the end of the quarter, representing a decline of approximately 12.1%[10] - Total liabilities decreased to CNY 2,518,000,532.11 from CNY 2,928,094,412.98, indicating a decline of about 14%[12] - The company's total assets decreased to CNY 6,866,631,219.31 from CNY 7,229,265,724.63 year-over-year, a reduction of approximately 5%[12] Investments and Equity - Long-term equity investments increased by 646.83% compared to the beginning of the year, attributed to additional equity investments made during the period[5] - Long-term equity investments rose significantly from CNY 3,500,014.85 to CNY 26,139,229.97, marking an increase of approximately 646.4%[10] - The company experienced a loss in investment income of CNY -881,090.39 compared to a gain of CNY 2,204,298.87 in the previous year, indicating a negative shift in investment performance[14] - The total equity attributable to shareholders increased to CNY 4,316,215,261.84 from CNY 4,265,207,317.41, a slight increase of about 1.2%[12] Shareholder Information - The company reported a total of 240,875,533 shares held by Jiangxi Jiangte Electric Group Co., Ltd., the largest shareholder[8] - The top ten shareholders include various investment funds, with the largest being Jiangxi Jiangte Electric Group Co., Ltd. holding 240,875,533 shares[8] - The company has engaged in margin trading, with Jiangxi Jiangte Electric Group Co., Ltd. holding an additional 30,000,000 shares through a margin account[8] Operational Insights - The company's gross profit decline was primarily due to decreased sales volume and prices of lithium salt products[5] - Research and development expenses for Q1 2023 were CNY 28,969,162.49, down from CNY 39,736,270.46 in Q1 2022, a decrease of approximately 27%[13] - The company has not reported any new product developments or market expansion strategies in the current quarter[9] Other Income - Other income increased by 82.77% year-on-year, primarily due to an increase in government subsidies received[5] - The total comprehensive income attributable to minority shareholders for Q1 2023 was ¥2,062,450.22, a decrease of ¥712,588.58 compared to the previous period[15] - Basic and diluted earnings per share for Q1 2023 were both ¥0.03, down from ¥0.39 in the previous period[15] Audit Status - The Q1 2023 report was not audited[18]