豪美新材(002988) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,308,664,953.71, representing a 0.89% increase compared to CNY 1,297,123,478.19 in the same period last year[4] - Net profit attributable to shareholders decreased by 38.89% to CNY 21,150,498.98 from CNY 34,609,157.17 year-on-year[4] - Basic and diluted earnings per share fell by 38.87% to CNY 0.0909 from CNY 0.1487 in the same quarter last year[4] - Net profit for Q1 2023 was CNY 20,678,928.84, a decrease of 39.6% from CNY 34,259,683.45 in Q1 2022[20] - The total comprehensive income for Q1 2023 was CNY 19,393,096.20, down from CNY 33,856,247.14 in the previous year[20] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY 65,334,049.89, a 89.39% reduction from CNY 615,560,459.89 in the previous year[4] - Operating cash inflow increased to ¥1,152,002,199.57 from ¥1,063,832,712.66, a growth of approximately 8.33%[21] - Operating cash outflow decreased to ¥1,217,336,249.46 from ¥1,679,393,172.55, a reduction of approximately 27.5%[22] - Net cash flow from operating activities improved to -¥65,334,049.89 from -¥615,560,459.89, showing a significant reduction in losses[21] - Net cash flow from investing activities increased by 251.54% to CNY 100,251,574.31 from CNY 28,518,014.36, mainly due to increased asset investments and share repurchases[9] - Net cash flow from financing activities decreased to -¥29,195,259.63 from ¥1,039,764,414.70, indicating a shift in financing strategy[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,277,582,820.54, a slight increase of 0.04% from CNY 5,275,273,422.04 at the end of the previous year[4] - Total liabilities for Q1 2023 were CNY 3,069,936,600.44, compared to CNY 3,087,437,693.28 in the previous year[17] - The company's equity attributable to shareholders was CNY 2,210,691,119.78, down from CNY 2,190,409,058.30 in Q1 2022[17] Current Assets - The total current assets as of March 31, 2023, amounted to CNY 3,263,678,112.82, a slight decrease from CNY 3,305,543,354.83 at the beginning of the year[15] - Cash and cash equivalents decreased from CNY 461,672,656.48 to CNY 360,750,479.06, reflecting a decline of approximately 22%[15] - Accounts receivable increased from CNY 1,381,917,699.68 to CNY 1,498,041,350.50, representing a growth of about 8.4%[15] - Inventory decreased from CNY 756,069,361.71 to CNY 650,494,001.93, indicating a reduction of approximately 13.9%[15] - The company reported a significant increase in accounts receivable financing, rising by 78.52% to CNY 173,154,866.66 from CNY 96,994,897.06[8] Shareholder Actions - The company repurchased 5,409,800 shares of its own stock, indicating a commitment to shareholder value[13] - The company reported a decrease in other comprehensive income, with a net amount of CNY -1,285,832.64 for Q1 2023 compared to CNY -403,436.31 in Q1 2022[20] Research and Development - Research and development expenses for Q1 2023 were CNY 41,272,558.03, slightly up from CNY 41,139,410.80 in the same period last year[19] Strategic Focus - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[12] - The company's major shareholders include Guangdong Haomei Holdings and Nanjin Trading, which are related parties, indicating potential strategic alignments[12] Other Financial Metrics - Total operating revenue for Q1 2023 was CNY 1,308,664,953.71, an increase of 0.6% compared to CNY 1,297,123,478.19 in Q1 2022[19] - Total operating costs for Q1 2023 were CNY 1,293,301,951.43, up from CNY 1,277,287,884.85 in the same period last year[19] - The company reported a 36.32% decrease in taxes payable, amounting to CNY 11,573,976.04 compared to CNY 18,174,100.56 at the end of the previous year[9] - The total non-current assets were valued at CNY 1,477,473,810.76 as of March 31, 2023, down from CNY 1,514,860,089.04 at the beginning of the year[15] Audit Status - The first quarter report was not audited, indicating potential areas for further scrutiny[23]