永兴材料(002756) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥3,336,985,077.72, representing a 26.85% increase compared to ¥2,630,677,136.96 in the same period last year[3] - Net profit attributable to shareholders for Q1 2023 was ¥930,964,066.33, up 14.76% from ¥811,205,089.06 in Q1 2022[3] - The company reported a total profit of ¥1,159,280,241.40 for Q1 2023, up from ¥984,250,145.60 in Q1 2022, indicating a growth of approximately 17.8%[22] - Net profit for Q1 2023 was ¥971,181,482.26, representing a 17% increase compared to ¥831,071,213.34 in Q1 2022[22] - The net profit attributable to shareholders for Q1 2023 was 843.9 million RMB, reflecting a year-on-year growth of 16.97%[12] - Earnings per share (EPS) for Q1 2023 was ¥2.26, compared to ¥2.02 in the previous year[22] Cash Flow - The net cash flow from operating activities reached ¥1,291,974,041.49, a significant increase of 250.93% compared to ¥368,156,357.02 in the previous year[3] - Total cash inflow from operating activities reached ¥3,623,390,348.01, compared to ¥2,544,338,835.43 in Q1 2022, indicating a year-over-year increase of about 42.5%[24] - Cash outflow for operating activities was ¥2,331,416,306.52, up from ¥2,176,182,478.41 in the previous year, reflecting an increase of approximately 7.1%[24] - The ending balance of cash and cash equivalents was ¥10,142,541,564.90, a substantial increase from ¥2,212,902,549.48 at the end of Q1 2022[25] - The company received cash from sales and services amounting to ¥3,562,585,970.08, compared to ¥2,456,124,645.57 in the previous year, marking a growth of approximately 45%[24] - The cash paid for taxes rose significantly to ¥636,744,425.78 from ¥327,380,459.80, indicating an increase of approximately 94.5%[24] Assets and Liabilities - The company's total assets as of March 31, 2023, were ¥16,228,246,382.09, reflecting a 5.22% increase from ¥15,423,375,461.33 at the end of the previous year[3] - The company's total liabilities decreased to ¥2,812,009,766.12 from ¥2,850,847,542.08, reflecting a reduction of approximately 1.3%[19] - The total equity attributable to shareholders increased by 7.59% to ¥13,210,995,228.65 compared to ¥12,278,964,469.65 at the end of the previous year[3] - The total equity attributable to shareholders increased to ¥13,210,995,228.65, up from ¥12,278,964,469.65, marking a growth of about 7.6%[19] Research and Development - Research and development expenses for Q1 2023 amounted to ¥118,614,026.63, a 40.98% increase from ¥84,132,464.12 in Q1 2022, indicating a focus on innovation[7] - Research and development expenses for Q1 2023 were ¥118,614,026.63, an increase of 41% from ¥84,132,464.12 in the previous year[21] Sales and Market Strategy - In Q1 2023, the company achieved lithium carbonate sales of 6,010 tons, representing a year-on-year increase of 120.96%[11] - The company has adjusted its sales strategy to increase sales volume in response to the declining demand for lithium carbonate[11] - The company plans to enhance production capacity to effectively respond to market fluctuations[11] Tax and Financial Expenses - The company experienced an 80.41% increase in taxes and surcharges, totaling ¥36,028,758.67, mainly due to increased VAT payable during the reporting period[7] - The company reported a significant decrease in financial expenses, with a net income of -¥61,769,555.22, reflecting an increase in interest income during the reporting period[7] Other Financial Metrics - The company reported a weighted average return on equity of 7.30% for Q1 2023, down from 14.91% in the same period last year, indicating a decline in profitability[3] - The company's cash and cash equivalents increased to approximately 10.16 billion RMB from 9.03 billion RMB at the beginning of the year[16] - Accounts receivable rose to 170.41 million RMB, up from 165.04 million RMB at the start of the year[16] - Inventory decreased to approximately 780.49 million RMB from 991.01 million RMB at the beginning of the year[16] - The company received a mineral resource reserve assessment report confirming a total ceramic clay resource reserve of 492,252.13 thousand tons[13] - The company raised approximately 1.1 billion RMB through a private placement of 8,743,343 shares at a price of 125.81 RMB per share[14] - The company did not conduct an audit for the Q1 2023 report[26]