江苏神通(002438) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥497,091,458.19, a decrease of 2.79% compared to ¥511,362,155.88 in the same period last year[12]. - The net profit attributable to shareholders for Q1 2023 was ¥75,969,470.17, representing an increase of 2.94% from ¥73,798,630.36 year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,439,637.32, up 6.77% from ¥66,909,397.69 in the previous year[12]. - The net profit attributable to the parent company for the current period is ¥75,969,470.17, compared to ¥73,798,630.36 in the previous period, reflecting an increase of approximately 2.96%[28]. - The total comprehensive income attributable to the parent company is ¥75,969,470.17, consistent with the previous period's figure of ¥73,798,630.36[28]. - The net profit for the first quarter of 2023 was approximately ¥75.97 million, an increase from ¥73.80 million in the same period last year, representing a growth of about 2.9%[48]. - Total profit for the first quarter was approximately ¥87.04 million, slightly up from ¥86.92 million year-over-year, indicating a growth of about 0.1%[48]. - Basic and diluted earnings per share for the first quarter were both ¥0.1497, compared to ¥0.1454 in the previous year, reflecting an increase of 1.5%[51]. Cash Flow and Assets - The net cash flow from operating activities was -¥94,888,134.01, a significant decline of 1,492.92% compared to -¥5,956,863.81 in the same period last year[12]. - Cash and cash equivalents decreased by 43.35% compared to the beginning of the year, primarily due to cash payments for purchasing goods and repaying bank loans[35]. - The total cash inflow from investment activities is ¥242,690,972.87, down from ¥419,083,088.19 in the previous period, reflecting a decrease of approximately 42.00%[32]. - The net cash flow from financing activities is -¥101,056,936.72, compared to ¥510,740,639.74 in the previous period, indicating a significant decline[33]. - Total assets at the end of Q1 2023 were ¥5,620,829,349.40, down 3.09% from ¥5,800,144,112.54 at the end of the previous year[12]. - The company's total current assets decreased to CNY 3,018,839,786.66 from CNY 3,290,468,883.31, a decline of about 8.2%[42]. - The total non-current assets increased to CNY 2,601,989,562.74 from CNY 2,509,675,229.23, reflecting an increase of approximately 3.7%[43]. Liabilities and Equity - The total liabilities decreased to CNY 2,591,417,385.28 from CNY 2,846,701,618.59, a reduction of about 9%[45]. - The equity attributable to shareholders increased by 2.57% to ¥3,029,411,964.12 from ¥2,953,442,493.95 at the end of the previous year[12]. - The company's equity attributable to shareholders rose to CNY 3,029,411,964.12 from CNY 2,953,442,493.95, an increase of about 2.6%[45]. Expenses and Impairments - The company's impairment losses on assets increased by 195.76% year-on-year, primarily due to higher inventory write-downs[7]. - The company reported a 273.12% increase in non-operating expenses year-on-year, attributed to higher charitable donations[7]. - Research and development expenses increased by 44.95% year-on-year, indicating a strong commitment to innovation and product development[36]. - Financial expenses rose to ¥4.06 million from ¥3.62 million, an increase of approximately 12.2%[48]. - The company reported a decrease in tax expenses to ¥11.07 million from ¥13.12 million, a reduction of about 15.6%[48]. - The company reported a 42.43% decrease in taxes and surcharges compared to the same period last year, primarily due to reduced VAT payments[36]. Other Financial Metrics - The company's cash and cash equivalents decreased to CNY 518,496,230.93 from CNY 915,294,699.45, reflecting a decline of approximately 43.4%[42]. - Accounts receivable increased to CNY 953,062,324.29 from CNY 809,092,228.68, representing a growth of about 17.7%[42]. - Inventory rose to CNY 874,206,608.63 from CNY 850,209,157.55, indicating an increase of approximately 2.8%[42]. - The company experienced a notable decrease in credit impairment losses, which improved to -¥3.02 million from -¥8.10 million, indicating a positive change in credit quality[48]. - The operating profit for the first quarter was approximately ¥87.40 million, slightly up from ¥86.97 million, reflecting a growth of about 0.5%[48]. Reporting and Audit - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[55]. - The report was released on April 28, 2023, providing timely insights into the company's financial performance[60].