隆基机械(002363) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 537,955,639.53, representing a 1.41% increase compared to CNY 530,500,969.14 in the same period last year[5] - Net profit attributable to shareholders decreased by 9.33% to CNY 13,876,474.81 from CNY 15,304,392.74 year-on-year[5] - In Q1 2023, the company's net profit was CNY 12,879,270.90, a decrease of 13.3% compared to CNY 14,864,041.34 in Q1 2022[20] - Operating profit for Q1 2023 was CNY 15,781,086.38, down 8.8% from CNY 17,297,633.30 in the same period last year[20] - Total revenue from operating activities was CNY 552,615,377.81, a decline of 10.8% compared to CNY 619,610,634.86 in Q1 2022[21] Cash Flow - The net cash flow from operating activities dropped significantly by 77.56%, amounting to CNY 26,823,437.76 compared to CNY 119,523,906.55 in Q1 2022[5] - The company reported a net cash flow from operating activities of CNY 26,823,437.76, significantly lower than CNY 119,523,906.55 in Q1 2022[21] - Investment activities resulted in a net cash outflow of CNY 13,799,065.79, compared to a net inflow of CNY 33,574,037.92 in the previous year[21] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 3,487,331,705.41, a decrease of 2.49% from CNY 3,576,295,934.38 at the end of the previous year[5] - The total current assets as of March 31, 2023, were CNY 2,401,662,730.78, down from CNY 2,485,272,758.22 at the beginning of the year, indicating a decrease of approximately 3.36%[17] - The total liabilities as of March 31, 2023, were CNY 1,283,177,177.06, a decrease from CNY 1,385,021,535.00 at the start of the year, representing a reduction of about 7.36%[18] - The company's cash and cash equivalents decreased to CNY 848,547,437.45 from CNY 941,899,383.15, reflecting a decline of about 9.88%[16] Shareholder Equity - The company's equity attributable to shareholders increased by 0.65% to CNY 2,147,219,324.47 from CNY 2,133,342,849.66 at the end of the previous year[5] - The total equity attributable to shareholders increased to CNY 2,147,219,324.47 from CNY 2,133,342,849.66, indicating a growth of about 0.65%[18] Expenses - The company reported a 50.43% increase in financial expenses due to higher exchange losses[11] - The company incurred financial expenses of CNY 1,981,674.01, an increase of 50.3% from CNY 1,317,375.14 in the previous year[20] - Research and development expenses were CNY 3,278,704.26, a slight decrease of 3.3% from CNY 3,392,182.96 in Q1 2022[20] Investment Income - Investment income rose by 108.38% in Q1 2023, attributed to increased bank wealth management returns[11] Inventory and Receivables - Accounts receivable as of March 31, 2023, were CNY 437,584,945.67, slightly down from CNY 446,369,789.07 at the beginning of the year, showing a decrease of approximately 1.76%[16] - Inventory levels decreased to CNY 779,300,690.28 from CNY 811,367,734.27, representing a decline of about 3.94%[17]