卫星化学(002648) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥9,415,151,630.21, representing a 15.70% increase compared to ¥8,137,590,770.46 in the same period last year[4] - Net profit attributable to shareholders decreased by 53.83% to ¥707,155,290.76 from ¥1,521,182,608.42 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥778,057,784.26, down 49.80% from ¥1,539,617,291.55 in the previous year[4] - Net profit for Q1 2023 was ¥704,943,414.85, a decrease from ¥1,542,076,830.69 in the same period last year, reflecting a decline of approximately 54.4%[21] - The company reported a total comprehensive income of ¥695,693,049.60 for Q1 2023, down from ¥1,533,743,121.59 in the previous year, indicating a decline of about 54.7%[23] - Earnings per share for Q1 2023 were ¥0.21, down from ¥0.46 in the previous year, showing a decrease of about 54.3%[23] Cash Flow - The net cash flow from operating activities was ¥974,729,178.56, a decline of 25.95% compared to ¥1,316,355,709.25 in the same period last year[4] - The net cash flow from operating activities for Q1 2023 was ¥974,729,178.56, a decrease of 26% compared to ¥1,316,355,709.25 in Q1 2022[25] - The net cash flow from investing activities was -¥397,637,227.83, improving from -¥577,786,195.17 in the same period last year[25] - The net cash flow from financing activities was ¥3,153,031,087.39, compared to a negative cash flow of -¥200,754,997.77 in Q1 2022[27] - The company reported a total cash outflow from operating activities of ¥9,086,834,560.00, compared to ¥7,032,682,846.40 in Q1 2022, indicating increased operational expenses[25] - Cash received from investment income was ¥76,164,449.55, up from ¥38,199,467.44 in the previous year, reflecting improved investment performance[25] - The company raised ¥4,690,682,500.00 through borrowings in Q1 2023, significantly higher than ¥1,067,824,000.00 in Q1 2022[25] - The net increase in cash and cash equivalents for Q1 2023 was ¥3,896,909,825.71, compared to an increase of ¥543,772,063.91 in Q1 2022[27] Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥62,414,506,429.05, marking a 10.61% increase from ¥56,385,422,574.34 at the end of the previous year[6] - Total liabilities increased to ¥40,528,352,583.23 from ¥35,234,986,486.87, representing a growth of about 15.0%[20] - Total liabilities increased to CNY 24,106,084,611.66 from CNY 20,615,631,828.54, marking a rise of about 16.5%[16] - The company’s total non-current liabilities reached ¥29,441,951,006.89, up from ¥25,167,955,061.70, indicating an increase of about 16.0%[20] - Total current assets amounted to CNY 15,425,161,464.05, an increase from CNY 11,735,379,011.51 at the beginning of the year, representing a growth of approximately 31.5%[14] - The total assets of the company reached CNY 62,414,506,429.05, up from CNY 56,428,389,680.40, representing a growth of about 10.5%[15] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 3.28% to ¥21,854,303,201.52 from ¥21,116,579,371.73 at the end of the previous year[6] - Total equity attributable to shareholders of the parent company rose to ¥21,854,303,201.52 from ¥21,159,546,477.79, an increase of approximately 3.3%[20] - The company’s total equity as of March 31, 2023, was CNY 38,308,421,817.39, reflecting an increase from CNY 35,812,757,851.86, which is a growth of approximately 6.9%[16] Borrowings and Financial Expenses - Cash and cash equivalents rose by 58.01% to ¥874,052.17 million, primarily due to increased financing borrowings[10] - Short-term borrowings increased by 37.18% to ¥147,684.66 million, attributed to additional working capital loans[10] - The company reported a significant increase in financial expenses by 130.36% to ¥29,122.37 million, mainly due to increased financing costs related to lease liabilities[10] - Short-term borrowings rose to CNY 1,476,846,603.24, compared to CNY 1,076,584,613.37 at the beginning of the year, an increase of approximately 37.1%[16] Inventory and Accounts Receivable - Inventory levels rose to CNY 4,236,945,688.82 from CNY 3,876,578,181.59, reflecting an increase of approximately 9.3%[15] - The company reported accounts receivable of CNY 779,299,848.12, an increase from CNY 675,923,707.42, which is a growth of approximately 15.3%[14] Tax and Audit - The cash outflow for taxes paid was ¥165,263,781.11, a decrease from ¥1,004,081,831.44 in the same quarter last year, indicating a potential reduction in tax liabilities[25] - The company did not conduct an audit for the Q1 2023 report[28]