康达新材(002669) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥630,942,962.19, representing a 5.39% increase compared to ¥598,664,229.98 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥14,847,352.02, a 42.82% increase in loss from ¥10,396,127.38 year-on-year[4] - The net profit for the first quarter of 2023 was -23,162,034.81 CNY, compared to -10,372,411.30 CNY in the same period last year, indicating a significant increase in losses[22] - The company reported a net loss of CNY 22,586,211.88 for Q1 2023, worsening from a loss of CNY 11,686,568.59 in Q1 2022[21] - Operating profit for Q1 2023 was a loss of CNY 22,432,160.59, compared to a loss of CNY 11,642,363.53 in Q1 2022[21] - The total comprehensive income for the first quarter was -23,001,702.17 CNY, compared to -10,372,786.58 CNY in the previous year[22] Cash Flow and Investments - The net cash flow from operating activities was a negative ¥97,845,264.99, which is a 29.87% increase in outflow compared to ¥75,340,459.93 in the previous year[4] - Cash inflows from operating activities amounted to 811,744,409.81 CNY, a slight decrease from 821,897,666.31 CNY year-over-year[24] - The cash flow from investing activities was -130,790,799.41 CNY, compared to -67,167,253.70 CNY in the same period last year, indicating increased investment outflows[24] - The cash flow from financing activities generated a net inflow of 193,857,688.13 CNY, significantly higher than 57,398,025.71 CNY in the previous year[25] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥5,590,828,928.96, a 4.84% increase from ¥5,332,562,034.54 at the end of the previous year[4] - Current liabilities increased to CNY 1,869,727,700.71 at the end of Q1 2023, compared to CNY 1,515,652,314.04 at the beginning of the year, representing a growth of 23.4%[19] - Accounts receivable increased to CNY 1,287,964,178.18 at the end of Q1 2023, compared to CNY 1,153,802,320.72 at the start of the year, reflecting a growth of 11.6%[19] - Inventory at the end of Q1 2023 was CNY 746,709,598.56, up from CNY 669,709,986.67 at the beginning of the year, indicating a rise of 11.5%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,677[11] - The largest shareholder, Tangshan Jinkong Industrial Development Group Co., Ltd., holds 24.99% of shares, totaling 76,317,421 shares, with 13,222,221 shares pledged[11] - The top ten shareholders include various entities, with the second-largest being Kanda New Materials (Group) Co., Ltd. holding 1.54%[11] Research and Development - Research and development expenses increased by 36.65% to ¥32,534,357.88 from ¥23,809,083.90 in the previous year, indicating a focus on innovation[8] Government Support - The company received government subsidies amounting to ¥2,075,841.61, a 409.89% increase from ¥407,118.71 in the previous year[8] Corporate Actions - The company plans to acquire 100% of Chengdu Saiying Technology Co., Ltd. for a transfer price of RMB 178.31 million[13] - The company has completed the industrial and commercial change procedures for Chengdu Saiying Technology Co., Ltd.[14] - The company’s subsidiary, Chengdu Kanda Jinrui Technology Co., Ltd., has acquired state-owned land use rights for the construction of an intelligent manufacturing base project[17] Employee Stock Ownership - The fourth employee stock ownership plan involves 4,691,400 shares, representing 1.5361% of the total share capital[15] - A total of 39,687,831 shares were released from restrictions, accounting for 12.9952% of the total share capital[17] - The company has established a management committee for the fourth employee stock ownership plan, with three members elected[16] Performance Metrics - The weighted average return on equity was -0.50%, slightly down from -0.45% in the previous year, indicating ongoing challenges in profitability[4] - The company's total equity increased to CNY 3,154,928,530.69 at the end of Q1 2023, compared to CNY 3,142,866,441.60 at the beginning of the year[19] Product Development - The company did not report any new product launches or significant technological advancements during this quarter[26]