晨鸣B(200488) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥6,155,915,692.16, a decrease of 27.70% compared to ¥8,514,983,059.74 in the same period last year[3] - The net profit attributable to shareholders was -¥275,409,967.37, representing a decline of 341.76% from ¥113,917,827.90 year-on-year[3] - The company reported a basic earnings per share of -¥0.101, a decrease of 415.63% from ¥0.032 in the same period last year[3] - The weighted average return on equity was -1.66%, a decrease of 2.17 percentage points compared to 0.51% in the previous year[3] - Net profit for Q1 2023 was a loss of ¥267,764,337.88, compared to a profit of ¥131,682,209.39 in Q1 2022, indicating a significant decline[23] Cash Flow - The net cash flow from operating activities increased by 311.69% to ¥916,852,965.06, compared to ¥222,704,964.47 in Q1 2022[12] - The company's cash flow from operating activities included ¥50,397,942.81 received from tax refunds, compared to ¥1,441,748.21 in the previous year[24] - Total cash inflow from operating activities was ¥7.17 billion, compared to ¥8.69 billion in the same period last year, indicating a decrease of about 17%[25] - Cash outflow from operating activities decreased to ¥6.26 billion from ¥8.46 billion, a reduction of approximately 26% year-over-year[25] - The net cash flow from investing activities was negative at ¥17.75 million, an improvement from a loss of ¥25.78 million in Q1 2022[25] - Cash inflow from financing activities totaled ¥7.96 billion, down from ¥9.30 billion in the previous year, reflecting a decline of about 14%[25] - The net cash flow from financing activities was negative at ¥2.10 billion, compared to a loss of ¥739.68 million in Q1 2022, indicating a worsening situation[25] - The ending cash and cash equivalents balance was ¥884.38 million, a significant decrease from ¥2.62 billion at the end of Q1 2022, representing a decline of approximately 66%[25] - The company reported cash outflows for the repayment of debts amounting to ¥8.52 billion, slightly down from ¥8.79 billion in the previous year[25] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥82,071,892,371.00, down 2.64% from ¥84,301,017,409.62 at the end of the previous year[3] - The company's total liabilities decreased to ¥58,597,784,636.70 from ¥60,572,763,589.01, a reduction of 3.3%[21] - The total equity attributable to shareholders of the parent company was ¥18,822,773,779.13, down from ¥19,084,565,494.92, a decline of 1.4%[21] - Current liabilities include short-term loans of 34.82 billion RMB, a decrease from 36.39 billion RMB at the start of the year[20] - The company reported a total of 30.92 billion RMB in current assets, down from 32.72 billion RMB at the beginning of the year[20] Shareholder Information - Total number of common shareholders at the end of the reporting period was 153,383, including 131,073 A-share holders, 21,981 B-share holders, and 329 H-share holders[14] - The top 10 shareholders hold significant stakes, with晨鸣控股有限公司 owning 15.35% (457,322,919 shares) and HKSCC NOMINEES LIMITED holding 12.53% (373,433,875 shares)[14] Operational Insights - The company noted that the decline in sales volume and rising production costs due to raw material price increases were significant factors affecting profitability[10] - The company experienced a 60.59% decrease in other income, primarily due to a reduction in government subsidies received[10] - The company’s investment income improved by 36.63%, attributed to a decrease in discount interest on bills confirmed during the reporting period[10] - Research and development expenses decreased to ¥274,275,020.83 from ¥344,169,278.72, a reduction of 20.3%[23] - Financial expenses were ¥461,204,254.45, down from ¥551,562,475.10, reflecting a decrease of 16.4%[23] Future Plans - The company plans to acquire a 1.19% stake in寿光美伦 for 57.21 million RMB and a 44.44% share in晨融基金, with a total issuance of 71,841,345 shares at a price of 4.42 RMB per share[16] - The company received notification from the Shenzhen Stock Exchange regarding the acceptance of its application for the issuance of shares to purchase assets[17]