中锐股份(002374) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥148,655,448.93, a decrease of 28.61% compared to ¥208,236,104.40 in the same period last year[3] - The net profit attributable to shareholders was -¥14,744,497.15, representing a decline of 216.03% from ¥12,707,906.56 year-on-year[3] - The company experienced a 190.60% decrease in total profit and a 221.02% decrease in net profit compared to the previous year, mainly due to a decline in operating revenue and increased financial expenses[8] - The company's net loss for Q1 2023 was CNY 15,924,393.67, compared to a net profit in the previous year[17] - Operating profit for Q1 2023 was -14,540,596.75 CNY, down from 19,378,082.05 CNY in Q1 2022[19] - The company reported a total comprehensive loss of -16,778,462.51 CNY for Q1 2023, compared to a comprehensive income of 13,875,133.78 CNY in the previous year[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 98.50%, down to ¥329,581.96 from ¥22,001,430.45 in the previous year[10] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 146,067,928.41, slightly up from CNY 145,360,261.92 at the beginning of the year[15] - Cash flow from operating activities showed a net increase of 329,581.96 CNY, a sharp decline from 22,001,430.45 CNY in the same quarter last year[22] - The company incurred a total of 106,272,177.38 CNY in cash payments for goods and services, down from 146,399,990.96 CNY in the previous year[22] - The net cash flow from financing activities was -40,583,915.99 CNY, an improvement from -70,306,575.70 CNY in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,823,378,569.20, a slight decrease of 0.89% from ¥3,857,806,571.25 at the end of the previous year[3] - Total assets as of the end of Q1 2023 were CNY 3,823,378,569.20, down from CNY 3,857,806,571.25 at the beginning of the year[16] - Total liabilities decreased to CNY 2,516,313,440.41 from CNY 2,533,606,579.95, a decline of 0.7%[16] - The company's equity attributable to shareholders was CNY 1,338,482,899.75, down from CNY 1,353,214,034.31[16] Expenses and Financial Metrics - The weighted average return on net assets was -1.10%, down from 0.62% in the same period last year, indicating a significant decline[3] - The company reported a 139.69% increase in financial expenses compared to the same period last year, primarily due to lower interest income from landscaping projects[8] - Other income increased by 188.82% year-on-year, attributed to a higher amount of government subsidies received during the period[8] - Total operating costs for Q1 2023 were CNY 164,579,842.60, down from CNY 186,633,748.20, reflecting a reduction of 11.8%[17] - Research and development expenses for Q1 2023 were CNY 51,470.36, indicating ongoing investment in innovation despite financial challenges[17] Inventory and Receivables - The balance of prepayments increased by 38.23% compared to the beginning of the year, mainly due to an increase in prepaid inventory purchases[7] - Accounts receivable decreased to CNY 1,493,772,568.69 from CNY 1,519,478,780.39, a reduction of 1.7%[15] - Inventory levels decreased to CNY 154,436,538.48 from CNY 171,526,427.67, indicating a decline of 9.9%[15] Other Information - The company did not report any new product launches or significant market expansion strategies during the quarter[19]