宏创控股(002379) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥627,768,045.27, representing a decrease of 31.57% compared to ¥917,337,980.87 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥35,735,738.56, a decline of 508.67% from a profit of ¥11,035,903.47 in the previous year[4] - Total operating revenue for Q1 2023 was ¥627,768,045.27, a decrease of 31.6% compared to ¥917,337,980.87 in the same period last year[23] - Net profit for Q1 2023 was a loss of ¥35,735,738.56, compared to a profit of ¥8,744,487.15 in Q1 2022[25] - The weighted average return on equity decreased to -2.61% from 0.82% in the same period last year, reflecting a significant decline in profitability[4] - Basic and diluted earnings per share for Q1 2023 were both -¥0.0386, compared to ¥0.0094 in Q1 2022[26] Cash Flow and Liquidity - The net cash flow from operating activities improved by 84.29%, with a net outflow of ¥10,743,048.72 compared to an outflow of ¥68,396,372.60 in the same period last year[11] - The net cash flow from operating activities for the first quarter was -10,743,048.72 RMB, an improvement from -68,396,372.60 RMB in the same period last year, indicating a reduction in cash outflow[30] - Total cash inflow from operating activities was 560,225,950.14 RMB, down 18.4% from 686,586,451.10 RMB year-over-year[29] - Cash outflow from operating activities totaled 570,968,998.86 RMB, a decrease of 24.3% compared to 754,982,823.70 RMB in the previous year[29] - The company reported a cash balance of 308,503,620.65 RMB at the end of the quarter, compared to 117,999,868.02 RMB at the end of the same quarter last year, reflecting a significant increase[30] - Cash inflow from financing activities was 169,641,666.66 RMB, slightly up from 167,815,638.88 RMB in the previous year[30] - The net cash flow from financing activities was -2,573,691.93 RMB, a decline from 8,646,972.21 RMB in the same period last year[30] - The company received tax refunds amounting to 21,831,183.81 RMB, down from 37,919,935.57 RMB year-over-year[29] - The total cash outflow for investment activities was 280,000.00 RMB, significantly lower than 3,347,943.32 RMB in the previous year[30] - The company experienced a negative impact of -4,397,738.85 RMB from exchange rate fluctuations on cash and cash equivalents[30] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,518,933,994.33, down 2.94% from ¥2,595,324,146.45 at the end of the previous year[5] - Total liabilities decreased to ¥1,166,645,043.91 from ¥1,207,506,117.38, a reduction of 3.4%[21] - The company's total equity attributable to shareholders decreased by 2.56% to ¥1,352,288,950.42 from ¥1,387,818,029.07 at the end of the previous year[5] - The company's total assets decreased to ¥2,518,933,994.33 from ¥2,595,324,146.45, reflecting a decline of 2.9%[22] Operational Metrics - The company reported a significant increase in asset impairment losses, which rose by 1187.06% to ¥14,394,469.67 due to falling aluminum prices[10] - The company experienced a significant reduction in other income, which fell by 93.58% to ¥882,102.08 compared to ¥13,745,340.81 in the previous year[10] - Research and development expenses for Q1 2023 were ¥9,842,907.23, down 26.5% from ¥13,349,336.56 in the previous year[23] - Total operating costs for Q1 2023 were ¥658,040,352.95, down 26.7% from ¥898,042,015.48 year-on-year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,172[13] - The top shareholder, Shandong Hongqiao New Materials Co., Ltd., holds 28.18% of shares, totaling 261,096,605 shares[13] Future Plans and Projects - The company plans to issue up to 27.792 million new shares as approved by the China Securities Regulatory Commission[15] - The merger of subsidiaries, Zou Ping Hongshuo Aluminum Co., Ltd. and Shandong Hongqing New Materials Technology Co., Ltd., is in progress, with the former continuing to exist[15] - The second phase of the 200,000-ton waste aluminum recycling project is underway, with 100,000 tons planned for construction[15] Other Information - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[31] - Cash and cash equivalents at the end of the reporting period are 412,309,375.64 yuan, down from 429,541,453.78 yuan at the beginning of the year[18] - Accounts receivable increased to 117,838,426.08 yuan from 97,962,828.42 yuan[19] - Inventory stands at 494,202,273.95 yuan, up from 473,318,962.42 yuan[19] - Total current assets amount to 1,187,139,082.18 yuan, a decrease from 1,240,188,468.47 yuan at the beginning of the year[19]