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 ¥591,894,760.99, a decrease of 12.9% compared to ¥679,724,238.27 in Q1 2022[18] - Net loss for Q1 2023 was ¥11,125,374.93, compared to a net profit of ¥12,201,418.58 in Q1 2022[20] - The company's gross profit margin decreased to -3.9% in Q1 2023 from 2.1% in Q1 2022[18] - The company reported a total comprehensive loss of ¥11,806,454.64 for Q1 2023, compared to a comprehensive income of ¥11,502,868.07 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities increased by 233.22% to ¥115,396,426.97, up from ¥34,630,581.01 in the same period last year[5] - Cash flow from operating activities was ¥749,040,495.57 in Q1 2023, down from ¥765,530,976.59 in Q1 2022[22] - 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 improved operational efficiency[23] - The total cash and cash equivalents at the end of Q1 2023 stood at ¥188,337,461.78, up from ¥131,008,612.01 at the end of Q1 2022[24] - The net increase in cash and cash equivalents for Q1 2023 was -¥25,902,592.98, compared to -¥19,661,665.16 in Q1 2022, highlighting ongoing liquidity challenges[24] 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 the end of Q1 2023 were ¥5,013,205,731.72, a decrease from ¥5,129,175,411.34 at the end of Q1 2022[17] - The total equity attributable to shareholders of the parent company was ¥482,581,310.16, down from ¥490,355,464.26 in the previous year[17] Expenses and Costs - The company experienced a 40.60% increase in selling expenses, amounting to ¥8,984,169.70, attributed to higher business costs[9] - Total operating costs for Q1 2023 were ¥614,924,372.60, down 8.1% from ¥669,198,312.21 in the previous year[18] - Research and development expenses for Q1 2023 were ¥39,125,611.72, a decrease of 7.1% from ¥42,138,301.88 in the same period last year[18] - The company paid ¥82,288,367.74 to employees, a decrease from ¥102,502,481.62 in the previous year, reflecting cost-cutting measures[23] Investments and Financial Management - The company reported a significant increase in trading financial assets, rising by 708.25% to ¥24,247,600.00 due to increased bank wealth management products[9] - The company's investment income decreased by 65.26% to ¥1,905,717.53, primarily due to reduced futures income[9] - The company is actively managing its financial assets, with trading financial assets increasing to CNY 24,247,600.00 from CNY 3,000,000.00, a significant rise of approximately 708.25%[16] Strategic Focus - The company is currently in the development and investment phase of its new energy vehicle project, leading to increased related costs[10] - The company is focusing on expanding its market presence and enhancing product development, although specific new products or technologies were not detailed in the extracted data[15] - The company's strategy includes potential mergers and acquisitions to bolster its market position, although specific targets or plans were not disclosed in the available data[15]