ST中利(002309) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,238,220,560.48, a decrease of 42.76% compared to ¥2,163,122,300.61 in the same period last year[5] - The net loss attributable to shareholders was ¥123,776,412.38, representing a 95.36% increase in loss from ¥63,358,486.80 in the previous year[5] - Basic and diluted earnings per share were both -¥0.14, a 100% decrease compared to -¥0.07 in the same period last year[5] - The net profit for Q1 2023 was -124,518,960.12 CNY, compared to -65,508,801.39 CNY in Q1 2022, representing a year-over-year increase in net loss of approximately 90%[26] - Operating profit for Q1 2023 was -128,395,036.33 CNY, a decline from -63,238,090.66 CNY in the same period last year[26] - The total comprehensive income for Q1 2023 was -116,111,462.16 CNY, compared to -54,177,975.89 CNY in Q1 2022, indicating a worsening of approximately 114%[26] - The company recorded a decrease in sales revenue from 2,366,451,571.19 CNY in Q1 2022 to 1,172,674,458.33 CNY in Q1 2023, a drop of approximately 50%[28] Cash Flow and Assets - The net cash flow from operating activities decreased by 70.83% to ¥12,897,200.81, down from ¥44,216,729.85 in Q1 2022[10] - The company's cash and cash equivalents decreased to ¥554,212,530.68 from ¥756,500,920.62 at the beginning of the year, representing a decline of approximately 26.7%[22] - The company's inventory decreased to ¥771,728,747.38 from ¥1,016,002,191.34, a decline of about 24.1%[22] - The company reported cash and cash equivalents at the end of Q1 2023 amounting to 262,230,071.04 CNY, a decrease from 367,254,834.94 CNY at the end of Q1 2022[29] - The cash flow from investing activities showed a net outflow of -8,044,356.40 CNY, compared to -18,453,069.43 CNY in the previous year, indicating an improvement in cash flow management[29] Liabilities and Assets Overview - Total assets at the end of Q1 2023 were ¥8,859,370,718.55, a decrease of 7.25% from ¥9,551,696,520.78 at the end of the previous year[5] - The company's total liabilities decreased by 7.25% compared to the previous year, reflecting a strategic focus on reducing debt[5] - The total liabilities decreased to ¥7,996,470,468.84 from ¥8,570,714,693.16, reflecting a reduction of approximately 6.7%[24] - Long-term equity investments were valued at ¥24,059,285.54, slightly down from ¥25,127,153.22 at the beginning of the year[22] - The company reported a significant reduction in accounts receivable, which decreased to ¥1,339,342,008.52 from ¥1,409,729,545.11, a decline of approximately 5%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,909[12] - The largest shareholder, Wang Baixing, holds 18.30% of shares, totaling 159,527,637 shares, with 155,720,000 shares pledged[12] - Jiangsu Xinyangzi Shipbuilding Co., Ltd. holds 5.02% of shares, totaling 43,780,203 shares[12] - A total of 26,463,595 shares held by Wang Baixing were subject to judicial freezing, accounting for 3.04% of the total share capital[17] Restructuring and Legal Matters - The company has received a court decision to accept the creditor's application for pre-restructuring on January 29, 2023[16] - The company is undergoing a pre-restructuring process with a temporary management team appointed[16] - The company is actively seeking restructuring investors and has initiated the recruitment process[16] - The company has been involved in multiple litigation matters, as disclosed in various announcements[18] - The company disclosed that a subsidiary was involved in a suspected related party guarantee of ¥270 million, which is currently under verification[20] Operational Changes - Research and development expenses were reduced by 54.01% to ¥37,366,423.55, down from ¥81,252,498.42 in Q1 2022, due to tight operating funds[9] - The company reported a significant decrease in investment income, which fell by 99.81% to ¥91,870.31 from ¥49,122,717.79 in the previous year[9] - The company experienced a 138.21% increase in other operating income, reaching ¥7,011,086.78, compared to ¥2,943,187.93 in the same period last year[9] - The total operating costs for Q1 2023 were ¥1,370,600,350.69, down from ¥2,250,863,398.80 in the previous year, reflecting a reduction of about 39%[25] - The company plans to conduct futures hedging and foreign exchange hedging business in 2023[18]