SXXC(002585)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥1,276,951,685.17, a decrease of 26.19% compared to ¥1,730,057,710.79 in the same period last year[5] - Net profit attributable to shareholders was ¥2,474,335.87, down 99.31% from ¥359,197,954.55 year-on-year[5] - Basic and diluted earnings per share were both ¥0.002, a decrease of 99.36% from ¥0.311 in the same period last year[5] - Operating profit for Q1 2023 was CNY 2,095,898.56, a significant decline from CNY 413,982,066.93 in the previous year[16] - Net profit for the period was CNY 2,722,614.51, down from CNY 413,900,040.72 in Q1 2022[16] - The net profit for Q1 2023 was CNY 2,474,335.87, a significant decrease from CNY 359,197,954.55 in the same period last year[18] Cash Flow - The net cash flow from operating activities was -¥347,803,896.92, a decline of 334.69% compared to ¥148,197,247.18 in the previous year[5] - The total cash inflow from operating activities was CNY 1,429,926,834.24, down from CNY 1,921,258,972.56 year-over-year[20] - The net cash flow from operating activities was negative at CNY -347,803,896.92, compared to a positive CNY 148,197,247.18 in the previous year[20] - The cash and cash equivalents at the end of the period stood at CNY 302,985,920.57, down from CNY 1,116,666,873.24 at the end of the previous year[21] - The cash outflow from investing activities was CNY 242,534,673.97, compared to CNY 686,133,318.70 in the previous year[20] - The net cash flow from financing activities was CNY 351,878,681.59, a recovery from a negative CNY -1,782,308.80 in the same period last year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,352,983,986.45, an increase of 0.86% from ¥12,248,203,333.48 at the end of the previous year[5] - Total assets amounted to CNY 12,352,983,986.45, up from CNY 12,248,203,333.48, reflecting a growth of 0.9%[15] - Total liabilities increased to CNY 2,630,428,744.45 from CNY 2,528,122,427.35, marking a rise of 4.0%[15] - Non-current liabilities rose to CNY 798,331,650.77, up from CNY 439,891,763.71, indicating an increase of 81.6%[15] - Long-term borrowings increased by 97.73%, attributed to an increase in bank loans[8] Operational Metrics - Total operating revenue for Q1 2023 was CNY 1,276,951,685.17, a decrease of 26.1% compared to CNY 1,730,057,710.79 in the same period last year[16] - Total operating costs increased to CNY 1,349,433,018.75, up 1.7% from CNY 1,323,884,721.75 in Q1 2022[16] - Cash and cash equivalents saw a net decrease of 70.21%, mainly due to increased payments for maturing bills[9] - Accounts receivable increased to CNY 1,089,652,445.12, up from CNY 970,075,230.48, reflecting a rise of 12.3%[15] - Inventory rose to CNY 2,211,909,098.89, an increase of 7.2% from CNY 2,062,950,844.73 at the start of the year[15] Other Information - The company reported a 30,137% increase in non-operating income, primarily due to increased government subsidies[9] - The company faced significant pressure on profit margins due to rising commodity prices and increased market competition, leading to a substantial decline in net profit[9] - The company did not conduct an audit for the Q1 report[22]