华明装备(002270) - 2023 Q1 - 季度财报

Financial Position - As of March 31, 2023, total assets amounted to CNY 4,441,813,069.33, a slight decrease from CNY 4,450,143,073.58 at the beginning of the year[11][13] - Current assets totaled CNY 2,854,466,023.79, down from CNY 2,887,529,673.50 at the start of the year, reflecting a decrease of approximately 1.14%[11][13] - The company's cash and cash equivalents were CNY 917,783,554.78, down from CNY 1,012,095,902.62, representing a decline of about 9.3%[11][13] - Total liabilities decreased to CNY 987,341,846.14 from CNY 1,111,480,085.28, a reduction of approximately 11.1%[13] - The company's equity attributable to shareholders increased to CNY 3,447,282,944.71 from CNY 3,333,942,681.91, reflecting a growth of about 3.4%[13] - Long-term borrowings stood at CNY 250,355,958.32, slightly down from CNY 260,483,819.39, indicating a decrease of approximately 4.3%[13] - The total liabilities to equity ratio improved to approximately 28.6%, down from 33.2%, indicating a stronger financial position[13] Revenue and Profitability - The company's operating revenue for Q1 2023 was ¥412,451,580.55, representing a 28.66% increase compared to ¥320,569,730.61 in the same period last year[19] - Net profit attributable to shareholders was ¥117,967,890.06, up 78.48% from ¥66,096,891.76 year-on-year[19] - The net profit after deducting non-recurring gains and losses was ¥101,834,483.80, a 56.55% increase from ¥65,049,983.51 in the previous year[19] - Basic and diluted earnings per share increased to ¥0.13, up 44.44% from ¥0.09 in the previous year[19] - The total comprehensive income for the period reached RMB 115,808,234.89, compared to RMB 62,102,896.61 in the previous period, reflecting a significant increase[35] - Basic and diluted earnings per share both improved to RMB 0.13 from RMB 0.09 in the previous period, indicating a growth of 44.44%[35] Cash Flow - The company reported a significant decline in cash flow from operating activities, with a net outflow of ¥23,147,232.72 compared to a net inflow of ¥83,902,633.06 in the same period last year, marking a decrease of 127.59%[19] - The net cash flow from operating activities was negative at RMB -23,147,232.72, a decline from a positive RMB 83,902,633.06 in the previous period[37] - The net cash flow from investing activities was RMB 52,334,870.39, a decrease from RMB 87,727,947.20 in the previous period[37] - The total cash and cash equivalents at the end of the period were RMB 879,023,113.33, down from RMB 1,108,631,873.44 at the end of the previous period[37] Accounts Receivable and Inventory - Accounts receivable increased to CNY 738,966,015.04 from CNY 525,956,419.42, marking a significant rise of approximately 40.5%[11][13] - Inventory levels rose to CNY 328,816,674.93, compared to CNY 306,046,015.32, indicating an increase of about 7.4%[12][13] - The company reported a significant increase in accounts receivable, which rose by 40.50% to ¥73,896.60 from ¥52,595.64, attributed to increased sales revenue[21] Government Subsidies and Other Income - The company received government subsidies amounting to RMB 19,015,333.63, primarily from supportive funds during the period[38] - Other income surged to ¥1,933.56 million, a substantial increase of ¥1,847.29 million or 2141.29%, primarily from government subsidies received[50] Financial Expenses and Taxation - Financial expenses decreased by ¥208.53 million or 34.57% to ¥394.66 million, mainly due to a reduction in interest-bearing liabilities[50] - Income tax expenses rose by ¥842.90 million or 75.02% to ¥1,966.45 million, driven by an increase in total profit[50] Investment Activities - The company’s long-term equity investments increased by 42.17% to ¥10,114.75 from ¥7,114.75, primarily due to additional investments in a joint venture[21] - Cash paid for fixed assets and other long-term assets rose by ¥1,167.28 million or 156.32% to ¥1,914.00 million, mainly for power station investments[50] Audit Status - The company has not undergone an audit for the first quarter report, indicating that the figures are preliminary[37]