华天科技(002185) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,238,999,876.69, a decrease of 25.56% compared to ¥3,007,617,767.32 in the same period last year[3] - The net profit attributable to shareholders was -¥106,370,486.95, representing a decline of 151.43% from ¥206,843,720.36 year-on-year[3] - The company reported a comprehensive loss of CNY 98,184,039.24 for Q1 2023, contrasting with a comprehensive income of CNY 246,727,775.60 in the previous year[14] - Net profit for Q1 2023 was a loss of CNY 12,668,853.65, compared to a profit of CNY 33,180,796.16 in Q1 2022, representing a significant decline[13] - The weighted average return on net assets was -0.68%, down from 1.37% in the same period last year[3] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.0332, compared to CNY 0.0645 in Q1 2022[14] Cash Flow - The net cash flow from operating activities was ¥168,303,238.32, down 56.41% from ¥386,104,975.27 in the previous year[3] - Cash flow from operating activities was CNY 2,303,318,057.11, down from CNY 2,987,038,458.80 in the same quarter last year, indicating a decrease of 22.9%[15] - The total cash outflow from operating activities amounted to 2,135,014,818.79, down from 2,600,933,483.53, indicating a reduction of 17.9%[16] - The net cash flow from investing activities was -¥848,401,424.72, an improvement of 47.56% compared to -¥1,617,809,593.93 in the previous year[7] - The net cash flow from financing activities was 553,432,350.54, compared to -192,500,499.26 in the same period last year, marking a substantial turnaround[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥30,468,060,784.00, a decrease of 1.63% from ¥30,971,431,803.80 at the end of the previous year[3] - The company's total liabilities amounted to CNY 11,504,907,860.09, slightly down from CNY 11,773,015,112.33 year-over-year[12] - The total equity attributable to shareholders of the parent company was CNY 15,635,767,331.22, compared to CNY 15,789,099,171.17 in the previous year[12] - The company's long-term borrowings increased by 32.17% to ¥3,510,929,379.58, primarily due to new borrowings by the company and its subsidiaries[6] - The company's long-term borrowings increased to CNY 3,510,929,379.58 from CNY 2,656,321,975.95 year-over-year, reflecting a significant rise of 32.2%[12] Operational Metrics - The total operating costs for Q1 2023 were CNY 2,480,386,796.07, down 11.6% from CNY 2,808,087,737.83 year-over-year[13] - The company reported a significant increase in financial expenses, which rose by 206.99% to ¥22,187,924.55 due to increased interest expenses and reduced interest income[7] - The company has invested CNY 2,063,044,808.70 in construction projects, an increase from CNY 1,821,113,134.70, reflecting a growth of approximately 13.31%[11] Cash and Equivalents - The company's cash and cash equivalents stood at CNY 5,132,913,284.72, down from CNY 5,248,882,745.76 at the beginning of the year, indicating a decrease of about 2.20%[10] - The cash and cash equivalents at the end of the period were 5,047,405,404.14, down from 5,425,188,391.01, reflecting a decrease of 7%[16] - The net increase in cash and cash equivalents was -¥150,759,923.01, which is an improvement of 89.55% from -¥1,442,343,999.04 year-on-year[7] Inventory and Receivables - Accounts receivable decreased to CNY 1,471,404,602.81 from CNY 1,700,515,939.61, representing a decline of approximately 13.47%[11] - Inventory levels decreased to CNY 2,163,157,038.53 from CNY 2,253,772,343.44, showing a reduction of about 4.02%[11] - The company reported a significant reduction in accounts payable, which fell to CNY 1,926,007,941.16 from CNY 2,508,745,071.24, a decrease of around 23.09%[11] Research and Development - Research and development expenses for Q1 2023 were CNY 138,469,608.06, a decrease from CNY 152,237,326.73 in the previous year[13] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[11]