万和电气(002543) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,602,519,651.84, a decrease of 27.80% compared to ¥2,219,637,932.37 in the same period last year[3] - Net profit attributable to shareholders was ¥123,240,519.21, down 22.40% from ¥158,820,856.38 year-on-year[3] - The company reported a basic earnings per share of ¥0.17, down 19.05% from ¥0.21 in the same period last year[3] - The weighted average return on equity decreased to 2.81%, down from 3.88% year-on-year, a decline of 1.07%[3] - The total profit for Q1 2023 was CNY 145,553,689.13, down from CNY 187,440,147.39 in the same period last year, representing a decline of 22.3%[24] - Operating profit for Q1 2023 was CNY 143,713,424.99, compared to CNY 183,578,333.23 in Q1 2022, reflecting a decrease of 21.7%[24] - The total comprehensive income for Q1 2023 was CNY 122,469,741.03, down from CNY 158,678,311.47 in Q1 2022, indicating a decline of 22.8%[24] Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥360,556,322.93, compared to a negative cash flow of ¥55,078,724.94 in the previous year, representing a 754.62% improvement[3] - Cash and cash equivalents increased to CNY 1,905,275,830.95 from CNY 1,518,048,557.86 at the beginning of the year, reflecting a growth of 25.5%[20] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,760,081,191.21, an increase from CNY 998,127,124.82 at the end of Q1 2022[27] - The company reported a net cash outflow from investing activities of CNY -24,522,499.22 in Q1 2023, compared to CNY -27,127,237.12 in Q1 2022[27] - The net cash outflow from financing activities for Q1 2023 was CNY -1,468,776.34, compared to CNY -44,963,229.62 in Q1 2022, indicating a reduction in cash outflow[27] - Total assets at the end of the reporting period were ¥7,042,023,515.86, reflecting a 2.20% increase from ¥6,890,705,936.45 at the end of the previous year[3] Investments and Projects - The company plans to invest approximately RMB 450 million in the construction of the Wanhe Innovation and Research Industrial Base project[12] - The company approved a project to establish a joint venture in Egypt with an estimated total investment of no more than RMB 80 million for producing 2 million sets of water heating components and 500,000 sets of water heating machines annually[17] - The company plans to invest no more than RMB 253 million in establishing a new production base in Thailand, with the actual investment amount subject to approval by relevant authorities[17] - The company has received an arbitration ruling in favor of RMB 210,410,958.90 related to a share repurchase dispute, which is pending execution[12] Shareholder Information - The company has a total of 34,401 common shareholders at the end of the reporting period[9] - The company’s indirect controlling shareholder has not reduced any shares as of March 24, 2023, despite the initial plan[15] - The company has decided to terminate the share reduction plan by its indirect controlling shareholder, Wanhe Group, which involved a maximum of 14.872 million shares (2% of total shares)[15] - The company’s controlling shareholders are identified as brothers and are acting in concert[11] Research and Development - Research and development expenses for Q1 2023 were CNY 55,531,897.36, an increase from CNY 49,336,806.07 in the same period last year, indicating a focus on innovation[23] Other Financial Metrics - Total operating costs for Q1 2023 were CNY 1,455,192,726.34, down 27.5% from CNY 2,009,732,799.66 in Q1 2022[23] - Accounts receivable rose to CNY 801,997,805.30, up 13.9% from CNY 703,911,629.18 at the start of the year[20] - Inventory decreased to CNY 672,571,009.49, down 26.9% from CNY 919,508,035.91 at the beginning of the year[20] - The total liabilities increased to CNY 2,601,506,447.36 from CNY 2,572,658,608.98, indicating a rise of 1.1%[21] - The equity attributable to shareholders of the parent company rose to CNY 4,440,517,068.50, up from CNY 4,318,047,327.47, reflecting a growth of 2.8%[21]