百川股份(002455) - 2023 Q1 - 季度财报

Financial Performance - The company reported a revenue of CNY 773.96 million for Q1 2023, a decrease of 21.94% compared to CNY 991.49 million in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 47.91 million, down 176.34% from a profit of CNY 62.76 million in Q1 2022[5] - The net cash flow from operating activities was a negative CNY 182.32 million, representing a decline of 319.56% compared to a negative CNY 43.46 million in the previous year[5] - The basic earnings per share were reported at -CNY 0.08, a decrease of 172.73% from CNY 0.11 in the same quarter last year[5] - Total operating revenue for Q1 2023 was ¥773,961,790.36, a decrease of 21.9% compared to ¥991,486,767.35 in Q1 2022[18] - Net loss for Q1 2023 was ¥54,254,719.33, compared to a net profit of ¥59,499,751.44 in Q1 2022, indicating a significant decline in profitability[19] - The company's operating profit for Q1 2023 was -¥64,318,822.19, contrasting with an operating profit of ¥65,422,961.84 in the previous year[18] - Basic earnings per share for Q1 2023 were -¥0.08, down from ¥0.11 in Q1 2022, indicating a decline in shareholder value[19] Assets and Liabilities - Total assets increased by 9.29% to CNY 11.01 billion from CNY 10.07 billion at the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to ¥8,073,240,684.20, an increase from ¥7,082,855,406.80 in the previous year[18] - The total equity attributable to shareholders of the parent company decreased to ¥2,324,230,588.47 from ¥2,372,287,778.26 year-over-year[18] - Non-current assets totaled ¥7,439,672,423.23, compared to ¥7,043,660,904.16 at the beginning of the year, marking an increase of about 5.6%[15] Cash Flow - The cash inflow from operating activities for Q1 2023 was ¥568,400,201.62, a decrease of 32.8% compared to ¥846,640,326.62 in Q1 2022[22] - The cash outflow from operating activities totaled ¥750,723,170.04, down from ¥890,096,494.35 in the previous year, resulting in a net cash flow from operating activities of -¥182,322,968.42[22] - The cash inflow from investing activities was ¥4,607,187.26, while cash outflow was ¥534,042,984.94, leading to a net cash flow from investing activities of -¥529,435,797.68[22] - The cash inflow from financing activities amounted to ¥1,967,175,649.00, compared to ¥1,579,172,000.00 in Q1 2022, indicating a 24.6% increase[23] - The cash outflow from financing activities was ¥1,048,814,061.15, resulting in a net cash flow from financing activities of ¥918,361,587.85[23] - The total cash and cash equivalents at the end of Q1 2023 were ¥759,252,374.75, up from ¥426,618,306.88 at the end of Q1 2022, reflecting a 77.8% increase[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 99,143[12] - The company has a total of 10 major shareholders, with the largest shareholder holding 18.83% of the shares[12] Operational Insights - The company experienced a significant decline in gross profit due to weakened downstream market demand and substantial fluctuations in raw material prices[6] - The company plans to further expand its market presence and improve inventory turnover as market conditions stabilize[6] - Research and development expenses increased to ¥24,447,527.89 in Q1 2023, compared to ¥23,984,717.94 in Q1 2022, reflecting a focus on innovation[18] - The company reported a significant increase in cash received from customers, totaling ¥536,742,061.98, compared to ¥811,161,456.30 in the previous year, indicating a decline of 33.8%[22] - The cash paid to employees increased to ¥71,760,458.19 from ¥60,821,769.71, representing an 18.3% rise year-over-year[22] Other Income and Expenses - Interest income increased by 74.76% to CNY 3.28 million, primarily due to increased interest from bank acceptance bill guarantees[11] - Other income surged by 640.11% to CNY 5.49 million, mainly due to an increase in government subsidies recognized in the current period[11] - The company reported a significant increase in long-term borrowings by 34.92% to CNY 1.64 billion, attributed to loans for the Ningxia project[11] Inventory and Receivables - Accounts receivable decreased to ¥383,824,127.95 from ¥406,316,167.39 at the beginning of the year, reflecting a decline of approximately 5.5%[15] - Inventory increased significantly to ¥1,565,661,027.52 from ¥1,315,852,308.28, representing a growth of about 19%[15] - The company reported a significant increase in prepayments to ¥199,821,630.93 from ¥170,137,668.48, which is an increase of about 17.5%[15] - The long-term equity investments decreased to ¥16,505,641.59 from ¥21,376,391.94, a decline of approximately 22.7%[15] Audit and Future Outlook - The first quarter report was not audited, as indicated in the audit report section[24] - Future outlook and strategic initiatives were not explicitly detailed in the provided documents, indicating a need for further information[20] - The company did not report any new product launches or technological advancements during this quarter[24]