丰元股份(002805) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 864,416,576.59, representing a 211.97% increase compared to CNY 277,087,335.99 in the same period last year[5] - The net loss attributable to shareholders was CNY -133,415,692.70, a decrease of 427.77% from a profit of CNY 40,704,584.19 in the previous year[5] - The basic and diluted earnings per share were both CNY -0.67, down 391.30% from CNY 0.23 in the same period last year[5] - The company reported an operating loss of CNY -132,310,829.67 for Q1 2023, contrasting with an operating profit of CNY 54,553,574.36 in Q1 2022[18] - The net profit for Q1 2023 was -133,530,668.51 CNY, compared to a net profit of 40,631,673.96 CNY in the same period last year, indicating a significant decline[19] - The net profit attributable to the parent company decreased to CNY 325,551,420.71 from CNY 458,967,113.41 year-on-year, a decline of about 29.0%[16] - The company reported a total comprehensive income of -133,530,668.51 CNY for Q1 2023, down from 40,631,673.96 CNY in the previous year[19] Assets and Liabilities - The total assets increased by 11.07% to CNY 5,508,814,838.15 from CNY 4,959,699,000.46 at the end of the previous year[5] - The total liabilities reached CNY 2,575,107,957.59, compared to CNY 1,893,100,918.03 at the beginning of the year, representing an increase of approximately 36.0%[16] - The total number of common shareholders at the end of the reporting period is 31,154[10] - The largest shareholder, Zhao Guanghui, holds 30.21% of shares, amounting to 60,440,448 shares, with 17,000,000 shares pledged[10] Cash Flow - The net cash flow from operating activities was CNY -496,219,499.04, compared to CNY -219,737,412.12 in the same period last year[8] - The cash flow from financing activities increased by 45.17% to CNY 517,597,418.92, mainly due to increased bank borrowings[8] - The total operating cash inflow was 49,940,938.15 CNY, significantly lower than 201,737,160.88 CNY in the previous year[22] - The total operating cash outflow was 546,160,437.19 CNY, compared to 421,474,573.00 CNY in the same period last year[22] - The cash flow from financing activities generated a net inflow of 517,597,418.92 CNY, an increase from 356,547,109.16 CNY in the same period last year[23] - The total cash and cash equivalents at the end of the period stood at 485,617,495.34 CNY, compared to 212,496,351.41 CNY at the end of the previous year[23] Research and Development - Research and development expenses rose by 130.39% to CNY 3,064,512.90, reflecting increased investment in R&D[8] - Research and development expenses for Q1 2023 were CNY 3,064,512.90, up from CNY 1,330,150.21 in the previous year, indicating an increase of approximately 130.0%[18] Investments and Projects - The company plans to invest up to RMB 2 billion in a project to produce 100,000 tons of lithium iron phosphate battery cathode materials, with the project approved by the board on February 24, 2023[12] - An investment agreement was signed for a total investment of approximately RMB 2.5 billion to construct a 200,000-ton integrated phosphoric acid project and a 100,000-ton oxalic acid project[13] Government Support - The company received government subsidies amounting to CNY 106,913.54 during the reporting period[6] Inventory and Current Assets - Current assets totaled CNY 2,940,215,606.17, an increase from CNY 2,664,760,157.98 at the start of the year, marking a growth of about 10.3%[16] - The company’s inventory decreased to CNY 503,224,998.56 from CNY 649,964,341.81, reflecting a reduction of approximately 22.5%[16] Costs and Expenses - The company reported a significant increase in total costs, which rose by 294.85% to CNY 810,635,855.95, primarily due to increased sales volume[8] - Total operating costs for Q1 2023 were CNY 836,300,948.19, compared to CNY 222,627,891.84 in Q1 2022, indicating an increase of about 275.5%[18]