华昌化工(002274) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,042,232,850.47, a decrease of 13.92% compared to ¥2,372,514,897.79 in the same period last year[4] - Net profit attributable to shareholders was ¥205,515,946.72, down 15.76% from ¥243,959,046.78 year-on-year[4] - Basic and diluted earnings per share were both ¥0.2158, a decrease of 15.77% from ¥0.2562 in the same period last year[4] - The company experienced a 29.65% decline in net profit after deducting non-recurring gains and losses, amounting to ¥185,865,059.36 compared to ¥264,185,715.58 in the previous year[4] - Net profit for Q1 2023 was CNY 202,661,393.80, a decline of 16.2% from CNY 241,846,900.48 in Q1 2022[21] - Earnings per share for Q1 2023 was CNY 0.2158, compared to CNY 0.2562 in Q1 2022, reflecting a decrease of 15.7%[22] Cash Flow - The net cash flow from operating activities was ¥58,347,963.89, representing a significant decline of 83.56% compared to ¥355,018,023.87 in the previous year[4] - The net cash flow from operating activities for Q1 2023 was ¥58,347,963.89, a decrease of 83.5% compared to ¥355,018,023.87 in Q1 2022[24] - Total cash inflow from operating activities was ¥1,257,521,318.04, down 25.2% from ¥1,681,813,670.07 in the previous year[24] - Cash outflow from operating activities totaled ¥1,199,173,354.15, a decrease of 9.6% compared to ¥1,326,795,646.20 in Q1 2022[24] - The net cash flow from investing activities was -¥19,499,506.60, an improvement from -¥233,926,939.38 in the same period last year[24] - Cash inflow from investing activities was ¥70,013,132.93, significantly higher than ¥17,340,691.24 in Q1 2022[24] - Cash outflow from investing activities was ¥89,512,639.53, down 64.4% from ¥251,267,630.62 in the previous year[24] - The net cash flow from financing activities was ¥38,021,349.42, a decrease of 82.0% compared to ¥210,557,177.03 in Q1 2022[26] - Total cash inflow from financing activities was ¥296,100,000.00, down 50.5% from ¥597,464,658.00 in the previous year[26] - The ending balance of cash and cash equivalents was ¥642,345,179.97, slightly up from ¥640,286,669.94 at the end of Q1 2022[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,400,642,051.62, an increase of 1.08% from ¥8,310,963,223.27 at the end of the previous year[4] - The company's total liabilities decreased to CNY 3,096,586,914.01 in Q1 2023 from CNY 3,219,622,989.49 in Q1 2022, a reduction of 3.8%[21] - Total current assets as of March 31, 2023, amount to 3,448,451,574.83 yuan, an increase from 3,369,585,798.80 yuan at the beginning of the year[19] - Total assets as of March 31, 2023, are 8,400,642,051.62 yuan, compared to 8,310,963,223.27 yuan at the beginning of the year[19] - The total equity attributable to shareholders increased to CNY 5,209,049,869.98 in Q1 2023 from CNY 4,993,480,413.23 in Q1 2022, an increase of 4.3%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 72,439[15] - The largest shareholder, Suzhou Warner Investment Co., Ltd., holds 28.88% of shares, totaling 275,059,519 shares[15] - The second largest shareholder, Jiangsu Huachang (Group) Co., Ltd., holds 11.99% of shares, totaling 114,209,198 shares, with 13,915,516 shares frozen[15] Operational Insights - The company noted that the decline in operating performance was primarily due to industry volatility and product price fluctuations[12] - The company plans to continue focusing on market expansion and new product development to drive future growth[22] Research and Development - Research and development expenses for Q1 2023 were CNY 15,145,833.52, up 23.7% from CNY 12,216,062.24 in Q1 2022[21] Investment Income - The company reported an investment income of CNY 22,097,591.89 in Q1 2023, significantly higher than CNY 10,907,240.57 in Q1 2022, marking an increase of 102.0%[21] Audit Status - The company did not undergo an audit for the Q1 2023 report[27]