春兴精工(002547) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥591,894,760.99, a decrease of 12.92% compared to ¥679,724,238.27 in the same period last year[5] - The net loss attributable to shareholders was ¥7,093,074.39, representing a decline of 142.44% from a profit of ¥16,712,945.29 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 591,894,760.99, a decrease of 13.0% compared to CNY 679,724,238.27 in Q1 2022[16] - Net loss for Q1 2023 was CNY 11,125,374.93, compared to a net profit of CNY 12,201,418.58 in Q1 2022[18] - The company's gross profit margin decreased to -3.9% in Q1 2023 from 1.4% in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both -0.0063, compared to 0.0148 in Q1 2022[18] Cash Flow - The net cash flow from operating activities increased by 233.22% to ¥115,396,426.97, up from ¥34,630,581.01 in the prior year[5] - The net cash flow from operating activities for Q1 2023 was ¥115,396,426.97, a significant increase compared to ¥34,630,581.01 in Q1 2022, reflecting a growth of approximately 233%[20] - Cash outflow from operating activities decreased to ¥696,359,305.82 from ¥772,347,746.17, representing a reduction of about 9.8%[20] - The total cash and cash equivalents at the end of Q1 2023 stood at ¥188,337,461.78, compared to ¥131,008,612.01 at the end of Q1 2022, marking an increase of approximately 43.7%[21] - The company reported a total operating cash inflow of ¥811,755,732.79, slightly up from ¥806,978,327.18 in the same period last year[20] Assets and Liabilities - The company's total assets decreased by 2.26% to ¥5,534,220,340.94 from ¥5,661,996,475.20 at the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to CNY 5,013,205,731.72, a decrease from CNY 5,129,175,411.34 in the previous year[16] - The total equity attributable to shareholders of the parent company was CNY 482,581,310.16, down from CNY 490,355,464.26 in Q1 2022[16] - The company reported a decrease in accounts payable to CNY 931,476,119.97 from CNY 1,003,531,839.78 in the previous year, a reduction of 7.2%[16] Investment Activities - The company’s cash flow from investing activities showed a significant outflow of ¥56,735,551.22, compared to an outflow of ¥1,153,631.38 in the previous year, marking an increase of 4818.00%[8] - Total cash inflow from investment activities was ¥40,534,920.07, down from ¥51,340,227.90 in the previous year, indicating a decrease of about 21%[20] - The cash outflow for investment activities totaled ¥97,270,471.29, significantly higher than ¥52,493,859.28 in Q1 2022, indicating an increase of approximately 85%[20] - The company received cash from investment income amounting to ¥2,022,396.24, a decrease from ¥10,102,982.56 in the previous year, reflecting a decline of about 80%[20] Government Subsidies and Expenses - The company reported a significant increase in government subsidies, totaling ¥8,329,308.05, an increase of 83.65% compared to ¥4,535,379.54 in the previous year[8] - The company’s sales expenses increased by 40.60% to ¥8,984,169.70 from ¥6,389,833.78 in the previous year[8] - Research and development expenses for Q1 2023 were CNY 39,125,611.72, a decrease of 7.1% from CNY 42,138,301.88 in Q1 2022[16] Asset Management - Cash and cash equivalents increased to CNY 923,095,742.80 from CNY 891,233,413.96, reflecting a growth of approximately 3.1%[14] - The company is focusing on enhancing its cash flow management, as indicated by the increase in cash and cash equivalents[14] - The company has ongoing investments in fixed assets amounting to CNY 1,378,620,605.37, down from CNY 1,404,124,172.92[14] - The company’s long-term equity investments stood at CNY 88,694,503.09, a minor decrease from CNY 88,910,201.25[14] Market Strategy - The company is exploring new strategies for market expansion and product development, although specific details were not provided in the current report[14]