红墙股份(002809) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥163,275,344.73, a decrease of 15.20% compared to ¥192,542,124.64 in the same period last year[5]. - Net profit attributable to shareholders increased by 130.31% to ¥20,719,882.33 from ¥8,996,604.58 year-on-year[5]. - The net profit after deducting non-recurring gains and losses surged by 718.13% to ¥15,124,338.24 from ¥1,848,639.35 in the previous year[5]. - Operating profit increased significantly to ¥25,213,917.59, compared to ¥5,052,184.10 in the previous period, marking a growth of 398.5%[29]. - Net profit for the quarter was ¥20,719,882.33, up from ¥8,996,604.58, representing a year-over-year increase of 130.5%[30]. - Basic and diluted earnings per share improved to ¥0.10 from ¥0.04, indicating a 150% increase[30]. Cash Flow and Liquidity - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥9,936,443.22, up 162.33% from a negative cash flow of ¥15,942,391.62 last year[5][17]. - Cash flow from operating activities generated a net amount of ¥9,936,443.22, a turnaround from a negative cash flow of ¥15,942,391.62 in the previous period[32]. - Cash and cash equivalents at the end of the period totaled ¥276,518,690.58, down from ¥356,782,088.57, a decrease of 22.4%[33]. - The cash and cash equivalents decreased to RMB 276,618,690.58 from RMB 305,318,347.43, reflecting a decline of approximately 9.5%[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,928,503,969.53, a decrease of 3.86% from ¥2,006,021,327.93 at the end of the previous year[5]. - The total assets of Guangdong Hongqiang New Materials Co., Ltd. as of March 31, 2023, amounted to RMB 1,928,503,969.53, a decrease from RMB 2,006,021,327.93 at the beginning of the year[24]. - The company's total liabilities decreased to RMB 379,870,771.03 from RMB 489,676,598.44 at the beginning of the year, indicating a reduction in financial obligations[26]. - The company's inventory decreased to RMB 60,935,232.28 from RMB 64,962,262.99, showing a decline of approximately 6.5%[24]. - Accounts receivable decreased to RMB 735,005,419.55 from RMB 796,294,359.64, a reduction of about 7.7%[24]. Expenses and Cost Management - Total operating costs decreased to ¥145,684,888.59 from ¥193,145,739.20, reflecting a reduction of 24.5%[28]. - Sales expenses decreased by 33.76% to ¥14,646,000.00, primarily due to reduced sales-related expenditures[12]. - Research and development expenses were ¥8,266,738.19, down from ¥10,809,189.39, a reduction of 23.5%[29]. - The company reported a significant decrease in financial expenses, with interest expenses dropping to ¥515,943.41 from ¥2,765,684.74[29]. Equity and Financing - The total equity attributable to the owners of the parent company increased to RMB 1,548,633,198.50 from RMB 1,516,344,729.49, reflecting a growth of about 2.1%[26]. - The company plans to issue convertible bonds with a total amount not exceeding RMB 316 million, down from an initial plan of RMB 560 million[21]. - The company is currently processing the issuance of convertible bonds as of the report date[21]. - The company reported a significant increase in fair value gains of ¥5,594,881.00, marking a 100.00% increase compared to the previous year[16]. - Cash flow from financing activities increased by 102.63% to ¥186,544,593.06, mainly due to the repayment of a large amount of bank loans in the previous year[17]. Non-Current Assets - The company’s non-current assets increased to RMB 489,112,929.91 from RMB 453,990,484.04, indicating a growth of approximately 7.7%[25].