辉隆股份(002556) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 4,325,235,519.54, representing a 2.04% increase compared to CNY 4,238,666,484.30 in the same period last year[3] - Net profit attributable to shareholders decreased by 24.87% to CNY 157,294,090.03 from CNY 209,354,418.89 year-on-year[3] - Net profit for Q1 2023 was CNY 167,190,054.45, down from CNY 219,311,636.02, reflecting a decrease of approximately 23.7%[25] - The profit attributable to the parent company's shareholders was CNY 157,294,090.03, compared to CNY 209,354,418.89 in the previous year, a decline of about 25%[25] - Earnings per share (EPS) for Q1 2023 was CNY 0.16, down from CNY 0.22 in the same quarter last year, indicating a decrease of approximately 27.27%[25] - The total comprehensive income for Q1 2023 was CNY 162,109,084.10, down from CNY 218,004,800.39, indicating a decrease of about 25.7%[25] Cash Flow - The net cash flow from operating activities fell by 147.05%, resulting in a negative cash flow of CNY -360,784,486.19 compared to CNY 766,847,288.63 in the previous year[3] - Cash received from sales of goods and services was CNY 3,963,459,279.80, a decrease from CNY 5,024,233,712.37 in the previous year, representing a decline of about 21.12%[26] - Cash received from operating activities totaled 4,291,927,283.20 CNY, a decrease from 5,134,184,981.13 CNY year-over-year[27] - Cash paid for purchasing goods and services was 4,299,231,315.70 CNY, compared to 3,958,758,362.27 CNY in the previous year[27] - The total cash inflow from investment activities was 242,857,979.63 CNY, compared to 62,671,368.99 CNY in the same period last year[27] - The net cash flow from financing activities was 709,012,439.84 CNY, an increase from -52,741,898.96 CNY year-over-year[28] - Cash received from financing activities included 1,323,633,286.84 CNY in borrowings, an increase from 1,150,155,410.00 CNY last year[28] - The company reported a cash outflow of 814,570,847.00 CNY from financing activities, compared to 1,202,897,308.96 CNY in the previous year[28] - The cash flow from investment activities showed a net outflow of -23,028,305.27 CNY, compared to -224,267,276.99 CNY last year[27] Assets and Liabilities - Total assets increased by 5.75% to CNY 12,262,065,493.87 from CNY 11,595,766,672.54 at the end of the previous year[3] - The total liabilities increased to CNY 7,827,953,549.49 from CNY 7,296,765,775.37, reflecting an increase of approximately 7.29%[24] - Total current liabilities decreased slightly to CNY 6,800,475,848.07 from CNY 6,809,861,318.30, a reduction of about 0.2%[20] - Short-term borrowings increased to CNY 1,749,469,619.38 from CNY 1,587,858,143.06, reflecting a rise of approximately 10.2%[20] - The company's long-term borrowings increased by 109.00%, reflecting a strategic shift to lower-cost financing[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,834, with the largest shareholder holding 37.45% of the shares[15] - The company reported a total of 16,577,578 shares held in the repurchase account as of the end of the reporting period[18] - The company has a total of 349,130,735 shares held by Anhui Huillong Investment Group Co., Ltd., representing a significant portion of the total shares outstanding[16] Investment and Equity - The company reported a 138.41% increase in investment income, attributed to higher dividends received from investee companies[10] - The company experienced a 90.49% increase in fair value gains, primarily due to improved results from hedging activities[10] - The company's long-term equity investments stood at CNY 719,928,490.48, a slight increase from CNY 710,175,216.67, showing a growth of about 1.1%[19] - Total equity attributable to the parent company increased to CNY 4,201,771,771.25 from CNY 4,077,313,707.13, an increase of about 3.04%[24] Inventory and Receivables - Accounts receivable rose significantly to CNY 702,155,864.12 from CNY 347,031,849.19, representing an increase of approximately 102%[19] - Inventory levels increased to CNY 2,856,756,567.82 from CNY 2,412,292,903.26, marking a growth of around 18.4%[19] Operating Costs and Expenses - Total operating costs increased to CNY 4,175,603,872.79 from CNY 4,018,574,199.96, marking an increase of about 3.91%[24] - The net profit margin declined due to a decrease in gross profit from core business sales, contributing to a 23.77% drop in net profit year-on-year[12] - The company reported a decrease in research and development expenses to CNY 37,317,462.21 from CNY 43,737,201.90, a reduction of approximately 14.73%[24]