融捷股份(002192) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥193,610,981.82, a decrease of 59.49% compared to ¥477,886,387.41 in the same period last year[5] - Net profit attributable to shareholders was ¥62,088,015.76, down 75.56% from ¥254,038,420.22 year-on-year[5] - The net profit for Q1 2023 was ¥47,013,240.44, down 82.46% from ¥268,047,594.42 in the same period last year, attributed to inventory impairment losses and decreased investment income[30] - Basic and diluted earnings per share were both ¥0.2391, reflecting a decrease of 75.56% from ¥0.9784 in the same period last year[5] - The total profit for the current period is 48,738,234.70, compared to 280,135,279.98 in the previous period, indicating a significant decline[56] Cash Flow - The net cash flow from operating activities was -¥234,810,475.33, a significant decline of 1,149.10% compared to ¥22,382,110.34 in the previous year[5] - Operating cash flow for the current period is -234,810,475.33, a sharp drop from 22,382,110.34 in the previous period[57] - Cash inflow from operating activities totaled 326,361,913.10, down from 574,858,754.64 in the previous period[57] - Cash outflow from operating activities increased to 561,172,388.43 from 552,476,644.30 in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,748,867,719.14, a decrease of 2.89% from ¥3,860,459,134.87 at the end of the previous year[5] - The company's total liabilities increased, with contract liabilities rising by 40.25% to ¥37,202,335.25 from ¥26,526,563.72, reflecting an increase in customer prepayments[28] - The total liabilities were CNY 489.16 million, down from CNY 649.05 million, indicating a reduction of approximately 24.7%[54] - The company's short-term borrowings increased to CNY 66 million from CNY 56 million, reflecting a rise of about 17.9%[52] - The total equity attributable to shareholders was CNY 3.15 billion, up from CNY 3.09 billion, reflecting an increase of approximately 1.9%[54] Inventory and Receivables - Inventory increased by 44.72% to ¥205,113,264.80 from ¥141,732,060.48, mainly due to an increase in finished goods[28] - Accounts receivable financing dropped by 53.71% to ¥83,409,823.41 from ¥180,193,801.16, primarily due to a reduction in bank acceptance bills[28] - The company reported a significant increase in deferred income tax assets, up 333.41% to ¥18,782,703.44 from ¥4,333,687.25, primarily due to increased inventory impairment provisions[28] Government Support and Investments - The company received government subsidies totaling ¥2,997,424.56 during the reporting period, primarily related to asset-related government assistance[27] - The company has approved financial support and guarantees from its controlling shareholder and actual controller amounting to ¥1.85 billion, with no occurrences of such support during the reporting period[18] - The company plans to invest 100 million RMB to establish a wholly-owned subsidiary focused on developing and producing secondary battery materials[36] - The company signed a loan agreement to provide financial assistance of 150 million RMB to its subsidiary Dongguan Derui, with a remaining balance of 60 million RMB as of the end of the reporting period[37] Market Conditions - The price of battery-grade lithium carbonate dropped from 510,000 RMB/ton to 238,000 RMB/ton during the reporting period[35] - The company reported a significant increase in the production of joint venture lithium salt plants, but profits decreased due to a rise in lithium concentrate procurement prices and a drop in lithium salt sales prices[14] - The company adjusted its lithium salt business strategy in response to the significant price drop, which impacted its operations[35] - The company is in discussions with the government regarding the site selection for a 2.5 million tons/year lithium ore selection project[36]