同兴环保(003027) - 2023 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2023 was CNY 143,411,451.06, a decrease of 11.63% compared to CNY 162,285,283.39 in the same period last year[5] - Net profit attributable to shareholders was CNY 26,958,156.75, down 16.02% from CNY 32,101,317.69 year-on-year[5] - Total operating revenue for the current period is $143.41 million, down from $162.29 million in the previous period, representing a decrease of approximately 11.6%[17] - Net profit for the current period is $29.98 million, compared to $36.83 million in the previous period, reflecting a decline of approximately 18.6%[18] - The company’s total profit before tax for the current period is $35.38 million, down from $42.54 million in the previous period, a decrease of approximately 16.5%[18] Cash Flow and Liquidity - Net cash flow from operating activities increased significantly to CNY 70,846,120.71, a 644.11% improvement from a negative cash flow of CNY -13,020,519.91 in Q1 2022[5] - Operating cash flow increased significantly to $70.85 million from a negative $13.02 million in the previous period[21] - Cash and cash equivalents increased to 835,335,587.72 CNY from 733,456,782.23 CNY[12] - Cash and cash equivalents at the end of the period increased to $734.83 million from $538.39 million, an increase of approximately 36.4%[22] - The company achieved a total cash inflow from financing activities of $85.37 million, up from $40.00 million in the previous period[22] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 2,769,439,049.78, reflecting a 2.60% increase from CNY 2,699,230,669.72 at the end of the previous year[5] - Total current assets amount to 2,179,279,860.46 CNY, an increase from 2,151,133,819.37 CNY at the beginning of the year[13] - Total liabilities amount to 946,367,419.84 CNY, up from 907,159,146.77 CNY[15] - The company’s total liabilities increased significantly, with accounts payable rising by 192.31% to CNY 243,828,210.91 due to increased procurement payments[8] - Total assets increased to 2,769,439,049.78 CNY from 2,699,230,669.72 CNY[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,619[10] - The largest shareholder, Zhu Qingya, holds 17.27% of shares, totaling 22,869,516 shares[10] Research and Development - Research and development expenses decreased by 33.82% to CNY 8,618,002.04, aligning with the current year's project plans[8] - Research and development expenses decreased to $8.62 million from $13.02 million, a reduction of about 33.5%[18] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 38.07% to CNY 136,188,959.30, attributed to increased sales preparation[8] - The company reported a decrease in sales expenses by 30.66% to CNY 4,119,214.54, primarily due to reduced equity incentive costs[8] - Total operating costs decreased to $126.28 million from $134.20 million, a reduction of about 5.9%[17] Equity and Returns - The weighted average return on equity decreased to 1.57%, down 0.41 percentage points from 1.98% in the same period last year[5] - The total equity attributable to shareholders of the parent company is 1,730,855,172.03 CNY, up from 1,702,890,290.24 CNY[15] Investment Activities - The company recorded a total investment cash outflow of $48.16 million, compared to $226.68 million in the previous period, indicating a significant reduction in investment activities[21] - The company has ongoing investments in new technologies and market expansion strategies[11]