扬子新材(002652) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥103,920,240.20, a decrease of 10.07% compared to ¥115,553,353.30 in the same period last year[5] - The net loss attributable to shareholders was ¥6,110,167.07, which improved by 10.21% from a loss of ¥6,804,698.93 in the previous year[5] - The net profit for Q1 2023 was -6,110,167.07 CNY, compared to -6,804,768.00 CNY in Q1 2022, indicating a slight improvement in losses[20] - Operating profit for Q1 2023 was -5,981,963.42 CNY, worsening from -3,904,088.92 CNY in the same period last year[20] - The company reported a total comprehensive loss of -6,110,167.07 CNY for Q1 2023, compared to -6,804,768.00 CNY in Q1 2022[21] Cash Flow - The net cash flow from operating activities decreased by 86.43%, down to ¥3,253,326.68 from ¥23,967,266.34 in the same period last year[5] - The net cash flow from operating activities for Q1 2023 was 3,253,326.68 CNY, significantly lower than 23,967,266.34 CNY in Q1 2022[23] - The company reported a 143% decrease in net cash flow from financing activities, primarily due to the repayment of bank loans[8] - Cash and cash equivalents decreased by 59% compared to the beginning of the period, attributed to reduced cash inflow from operating activities and loan repayments[10] - The total cash flow from investing activities was 10,044,625.00 CNY in Q1 2023, compared to -5,971,625.00 CNY in Q1 2022, indicating a positive shift[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥556,602,653.81, reflecting a decrease of 7.11% from ¥599,180,301.48 at the end of the previous year[5] - The total current liabilities as of March 31, 2023, were CNY 333,157,145.35, a decrease from CNY 369,560,588.37 at the beginning of the year[17] - The total assets as of March 31, 2023, were CNY 556,602,653.81, down from CNY 599,180,301.48 at the beginning of the year[17] - The company reported a net loss of CNY 334,233,426.21 in retained earnings as of March 31, 2023, compared to a loss of CNY 328,123,259.14 at the beginning of the year[17] Earnings Per Share - The company's basic and diluted earnings per share were both -¥0.0119, an improvement of 10.53% compared to -¥0.0133 in the same period last year[5] - The basic and diluted earnings per share for Q1 2023 were both -0.0119 CNY, slightly better than -0.0133 CNY in Q1 2022[21] Operational Costs - The total operating costs for the first quarter of 2023 were CNY 109,186,232.97, down 8.7% from CNY 119,529,948.81 in the previous year[19] - Research and development expenses for Q1 2023 were 167,753.26 CNY, reflecting the company's ongoing commitment to innovation[20] - The company incurred financial expenses of 4,505,155.03 CNY in Q1 2023, compared to 5,041,867.12 CNY in Q1 2022, showing a reduction of approximately 10.6%[20] Investment Activities - The company experienced a 268% increase in net cash flow from investing activities, primarily due to the sale of trading financial assets[10] - The company completed the transfer of its 51% stake in Russian United to Zhongmin Home for CNY 10,100,000.00 on March 7, 2023[13] - The company received CNY 10,100,000.00 from the first phase of debt repayment agreement with Hu Weilin and Defeng International[12] - The company has not been able to find potential buyers for its 51% stake in Russian United New Materials Co., Ltd. since announcing the sale in April 2022[13] Future Plans - The company plans to continue exploring options for market expansion and new product development in the upcoming quarters[12]