华东重机(002685) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥271,039,799.77, a decrease of 37.34% compared to ¥432,583,930.30 in the same period last year[5] - Net profit attributable to shareholders was ¥25,129,511.39, representing a slight increase of 2.17% from ¥24,596,263.46 year-on-year[5] - The total profit for Q1 2023 was CNY 27,603,233.26, compared to CNY 29,535,014.56 in Q1 2022, reflecting a decrease of approximately 6.5%[24] - The net profit for Q1 2023 was CNY 25,129,511.39, an increase from CNY 24,596,263.46 in Q1 2022, representing a growth of about 2.2%[24] - Operating profit for Q1 2023 was ¥27,030,213.27, a slight decrease of 6.5% from ¥28,899,465.93 in the previous year[23] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.0249, slightly up from CNY 0.0244 in Q1 2022, reflecting an increase of about 2.1%[24] Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥2,945,225.85, a 115.64% increase from a negative cash flow of ¥18,834,102.47 in the previous year[5] - Cash and cash equivalents increased to ¥436,825,145.98 from ¥346,620,927.39, representing a growth of 26.0%[22] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 317,166,863.98, up from CNY 136,953,622.63 at the end of Q1 2022, indicating a year-over-year increase of approximately 132.5%[28] - The company reported cash inflows from investment activities of CNY 359,503,684.00 in Q1 2023, compared to CNY 196,130,090.21 in Q1 2022, marking an increase of about 83.0%[27] - The cash outflow from financing activities in Q1 2023 was CNY 64,948,337.27, down from CNY 148,096,701.11 in Q1 2022, showing a reduction of approximately 56.1%[28] - Total current assets decreased to ¥2,070,259,692.99, down 3.8% from ¥2,152,002,878.86[22] - Total assets decreased by 2.83% to ¥3,281,779,968.58 from ¥3,377,304,746.65 at the end of the previous year[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 60,387[14] - The largest shareholder, Zhou Wenyuan, holds 17.68% of shares, totaling 178,177,676 shares[14] - A total of 41,100,000 shares (4.08% of total shares) will be transferred to Wuhu Fenghu Zhuiguang Investment Partnership[16] - Zhou Wenyuan will transfer 44,544,419 shares (4.42% of total shares) to the same partnership[16] - After the transfer, the partnership will hold a total of 85,644,419 shares, representing 8.50% of the total shares[16] - The company has a total of 133,633,257 shares (13.26% of total shares) with voting rights voluntarily waived by Zhou Wenyuan and others[16] - The top ten shareholders include both individual and corporate entities, with significant stakes held by domestic individuals[14] Operating Performance - The company reported a 37.34% decline in operating income due to decreased market demand for CNC machine tools[10] - Total operating revenue for Q1 2023 was ¥271,039,799.77, a decrease of 37.3% compared to ¥432,583,930.30 in the same period last year[23] - Total operating costs for Q1 2023 were ¥259,879,468.96, down 38.8% from ¥424,404,248.54 year-on-year[23] - The cost of goods sold decreased by 45.99% to ¥206,643,295.56, reflecting the same market demand issues[10] Investment and Development - The company plans to invest 2 billion RMB in a new 10GW high-efficiency solar cell production base project in Jiangsu[18] - The project will introduce 3.5+6.5GW 182/210 mm large-size TOPCON and HJT solar cells[18] - The company has established two subsidiaries to support the solar cell project, with registration completed by April 25, 2023[18] Other Financial Metrics - The weighted average return on equity increased slightly to 1.12% from 1.01% year-on-year[5] - Research and development expenses increased to ¥10,285,882.82, up 17.1% from ¥8,784,284.81 year-on-year[23] - The company reported a net loss of ¥1,837,101,139.68 in retained earnings, an improvement from a loss of ¥1,862,230,651.07 at the beginning of the year[22] - Total liabilities decreased to ¥1,016,449,466.72, a reduction of 10.6% from ¥1,137,453,278.71[22] - Other income increased by 133.66% to ¥2,783,688.10, attributed to higher government subsidies received during the period[10] - The company received tax refunds amounting to CNY 1,486,530.82 during Q1 2023, which was not reported in Q1 2022[27] Audit Information - The company has not undergone an audit for the Q1 2023 report[29]