三川智慧(300066) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 reached ¥412,772,002.87, representing a 162.07% increase compared to ¥157,505,906.34 in the same period last year[4] - Net profit attributable to shareholders decreased by 48.50% to ¥17,528,353.64 from ¥34,036,198.48 year-on-year[4] - Total revenue for Q1 2023 decreased by 60.88% to CNY 13,806,347.69 due to significant asset impairment losses from rare earth material price declines[9] - Net profit for Q1 2023 was CNY 13,382,805.36, down from CNY 33,704,622.30 in Q1 2022, reflecting a decrease of approximately 60.3%[17] - The net profit attributable to the parent company for Q1 2023 is CNY 17,528,353.64, a decrease of 48.6% compared to CNY 34,036,198.48 in Q1 2022[18] - The total comprehensive income attributable to the parent company for Q1 2023 is CNY 17,528,353.64, down from CNY 34,036,198.48 in the same period last year[18] Cash Flow - The net cash flow from operating activities was negative at -¥185,652,102.73, a decline of 312.03% compared to -¥45,058,376.66 in the previous year[4] - Operating cash inflows increased by 146.18% to CNY 545,515,129.02, primarily driven by sales growth in the smart water business[9] - Operating cash outflows rose by 174.20% to CNY 731,167,231.75, mainly due to new procurement for rare earth business and other operational expenditures[9] - The net cash flow from operating activities for Q1 2023 is -CNY 185,652,102.73, worsening from -CNY 45,058,376.66 in Q1 2022[21] - The net cash flow from investing activities for Q1 2023 is -CNY 243,237,245.28, compared to -CNY 113,259,717.50 in Q1 2022, indicating a larger cash outflow[21] - The net cash flow from financing activities for Q1 2023 is CNY 142,139,301.03, with cash inflows from investments and borrowings totaling CNY 174,500,000.00[21] Operating Costs and Expenses - The company experienced a 204.25% rise in operating costs, totaling ¥346,324,346.34, primarily due to the addition of rare earth business costs[8] - Total operating costs for Q1 2023 were CNY 402,603,681.95, compared to CNY 156,887,482.41 in Q1 2022, indicating an increase of about 156.5%[17] - Research and development expenses increased by 38.54% to ¥14,463,836.11, driven by projects related to smart water meters and software[8] - The company reported R&D expenses of CNY 14,463,836.11 for Q1 2023, compared to CNY 10,440,444.39 in Q1 2022, indicating a growth of about 38.7%[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,126,105,022.44, a 4.08% increase from ¥3,003,632,103.87 at the end of the previous year[4] - Current assets totaled CNY 2,004,438,299.77, up from CNY 1,880,890,241.95 at the start of the year, showing an increase of about 6.5%[15] - Current liabilities increased to CNY 551,569,473.99 from CNY 429,108,101.51, marking a rise of approximately 28.6%[15] - The company's cash and cash equivalents decreased to CNY 225,521,736.67 from CNY 512,363,248.10, a decline of about 56.0%[15] - Inventory levels rose to CNY 634,112,298.04 from CNY 508,595,262.14, representing an increase of approximately 24.7%[15] - The total equity attributable to shareholders increased to CNY 2,260,757,328.56 from CNY 2,241,810,021.02, reflecting a growth of approximately 0.8%[15] Shareholder Information - The company’s major shareholder, Jiangxi Sanchuan Group, holds a 35.84% stake, with a total of 372,742,902 shares[11] Other Financial Metrics - The weighted average return on net assets decreased to 0.78% from 1.65% year-on-year[4] - The company reported a significant increase in non-operating income by 2365.91% to CNY 219,649.86, mainly from penalties and disposal of waste products[9] - The total income tax expense decreased by 73.28% to CNY 423,542.33, primarily due to declines in the operating performance of major investment enterprises[9] - The basic and diluted earnings per share for Q1 2023 are both CNY 0.0169, compared to CNY 0.0327 in Q1 2022, reflecting a decline of 48.3%[18] Audit Status - The first quarter report has not been audited[22]