ST升达(002259) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥211,142,599.51, a decrease of 44.27% compared to ¥378,899,662.33 in the same period last year[5] - Net profit attributable to shareholders was ¥4,627,040.94, representing a significant increase of 223.78% from a loss of ¥3,738,069.42 in the previous year[5] - The net profit after deducting non-recurring gains and losses reached ¥8,785,790.61, an increase of 853.62% compared to ¥921,310.41 in the same period last year[5] - Basic and diluted earnings per share were both ¥0.0062, reflecting a 224.00% increase from a loss of ¥0.0050 per share in the same period last year[5] - Net profit for Q1 2023 was CNY 4.11 million, a significant recovery from a net loss of CNY 4.21 million in Q1 2022[22] - The profit attributable to the parent company for Q1 2023 was CNY 4.63 million, compared to a loss of CNY 3.74 million in the previous year[22] Cash Flow - The company's cash flow from operating activities was ¥44,469,886.37, down 9.41% from ¥49,088,398.57 in the previous year[5] - The company reported a total cash flow from operating activities of CNY 238.76 million in Q1 2023[24] - The net cash flow from operating activities for Q1 2023 was CNY 44,469,886.37, a decrease of 1.26% compared to CNY 49,088,398.57 in Q1 2022[25] - Total cash inflow from operating activities was CNY 249,101,231.31, while cash outflow was CNY 204,631,344.94, resulting in a net increase of CNY 44,469,886.37[25] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 149,822,285.53, up from CNY 108,470,182.97 at the end of Q1 2022, representing an increase of 38.2%[26] - The net increase in cash and cash equivalents for Q1 2023 was CNY 34,343,005.08, down from CNY 44,495,087.11 in Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥983,281,508.63, an increase of 1.38% from ¥969,871,125.38 at the end of the previous year[5] - The total assets of the company amounted to CNY 983.28 million, up from CNY 969.87 million, representing an increase of approximately 1.3%[17] - Total liabilities as of Q1 2023 amounted to CNY 728.18 million, slightly up from CNY 721.58 million at the end of the previous period[21] - The company has a significant financial obligation, with the original controlling shareholder, Shengda Group, occupying funds amounting to CNY 924.89 million, which is 384.10% of the latest audited net assets[11] - The company provided guarantees for loans to Shengda Group and its subsidiaries totaling CNY 61.25 million, accounting for 25.44% of the latest audited net assets[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,881, with the largest shareholder holding 28.33% of the shares[9] - Total equity attributable to shareholders of the parent company was CNY 248.02 million, an increase from CNY 240.80 million year-over-year[21] Operational Highlights - The company reported a significant increase in prepayments, which rose by 466.30% to ¥51,500.00 due to rental income from external property leasing[7] - The company experienced a 45.07% decrease in financial expenses, down to ¥5,577,306.63, due to a reduction in interest-bearing principal and rates[7] - The company is engaged in LNG processing for China National Petroleum Corporation, with a contract set to end on October 31, 2023, which may alter the sales revenue structure for 2023[15] - The company is a creditor in a bankruptcy case, expecting to receive CNY 9.92 million from Shanghai Shengda, which has been recognized in the bankruptcy distribution plan[13] Inventory and Receivables - Accounts receivable decreased to CNY 11.28 million from CNY 15.53 million, indicating a reduction of about 27.5%[17] - The company’s inventory decreased to CNY 19.45 million from CNY 20.37 million, reflecting a decrease of about 4.5%[17]