新宝股份(002705) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,829,291,339.77, a decrease of 22.32% compared to ¥3,642,023,844.36 in the same period last year[4] - Net profit attributable to shareholders was ¥138,383,025.56, down 22.27% from ¥178,028,003.16 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥91,670,441.70, a decline of 39.78% compared to ¥152,223,556.01 in the previous year[4] - The total net profit for Q1 2023 is approximately ¥154.85 million, a decrease of 17.06% compared to ¥186.74 million in Q1 2022[63] - The total profit for Q1 2023 is approximately ¥199.56 million, down from ¥223.27 million in Q1 2022, reflecting a decline of 10.63%[63] - The net profit attributable to the parent company is approximately ¥138.38 million, compared to ¥178.03 million in the same period last year, representing a decrease of 22.25%[63] - Basic and diluted earnings per share for Q1 2023 are both ¥0.1681, down from ¥0.2184 in Q1 2022, indicating a decline of 23.06%[63] Cash Flow and Assets - The net cash flow from operating activities improved by 33.65%, reaching -¥191,072,686.63, compared to -¥287,967,353.58 in the same period last year[4] - The company's cash and cash equivalents decreased to CNY 3,887,901,369.33 from CNY 4,483,672,198.10 at the beginning of the year[28] - Current assets total ¥7,253,047,182.92, a decrease from ¥8,013,739,121.92, indicating a reduction of approximately 9.5%[30] - The ending balance of cash and cash equivalents was CNY 3,729,893.90 million, compared to CNY 3,345,087.35 million at the end of the previous period[38] - The company reported a decrease in cash inflow from operating activities to CNY 3,001,548.78 million, down from CNY 3,610,389.05 million[38] Liabilities and Equity - Total assets at the end of the reporting period were ¥12,454,338,393.33, a decrease of 3.19% from ¥12,864,529,530.25 at the end of the previous year[4] - Total liabilities decreased to ¥5,176,856,970.67 from ¥5,760,121,712.24, reflecting a reduction of approximately 10.1%[31] - The total equity attributable to shareholders increased to ¥7,133,584,926.98 from ¥6,976,982,556.94, showing an increase of about 2.2%[31] Expenses - Financial expenses surged by 276.88% to ¥30,335,542.00, primarily due to increased foreign exchange losses[8] - Sales expenses increased by 24.36% year-on-year to CNY 12,065.17 million[40] - Research and development expenses for the current period are ¥115,815,083.78, compared to ¥107,928,510.39 in the previous period, indicating an increase of approximately 7.3%[33] - The income tax expense for Q1 2023 is approximately ¥44.70 million, an increase from ¥36.53 million in Q1 2022, reflecting a rise of 22.36%[63] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,946, with the largest shareholder holding 41.75% of the shares[9] - As of March 31, 2023, the total number of shareholders was 39,946, including margin trading accounts[21] - The employee stock ownership plan allows for a maximum of 10% of the company's total share capital, with individual employee shares capped at 1%[51] - The employee stock ownership plan allows for a 50% unlock of shares after 12 and 24 months[27] Acquisitions and Investments - The company plans to acquire international intellectual property assets from MORPHY RICHARDS LIMITED for a total of USD 19.8 million[24] - The acquisition includes the purchase of trademarks in China and 100% equity of Morphy Richards Consumer Appliances Limited[24] - The company completed the acquisition of 100% equity of Morphy Richards Limited in March 2023, confirming the transfer of ownership and related procedures[48] - The company is in the process of acquiring trademarks held by Morphy Richards, pending approval from the Trademark Office[49] Other Financial Metrics - The company's weighted average return on equity was 1.96%, down from 2.89% in the previous year[4] - The company reported a significant increase in intangible assets, which rose by 80.95% to ¥919,116,654.76, mainly due to the acquisition of land use rights and trademarks[7] - The company experienced a 193.74% decline in investment income, reporting a loss of ¥19,632,121.05 compared to a profit of ¥20,942,536.84 in the previous year[8] - The total operating income, excluding non-recurring gains and losses, amounted to CNY 46,712,583.86[15] - The company's cash flow statement for Q1 2023 has not been audited, indicating a need for further review[62]