当升科技(300073) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,692,020,945.03, representing a 22.12% increase compared to ¥3,842,280,963.33 in the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was ¥430,606,841.47, up 11.26% from ¥387,010,373.61 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥425,231,813.43, which is a 21.01% increase from ¥351,399,161.05 in the same period last year[5] - The basic earnings per share for Q1 2023 was ¥0.8502, reflecting an increase of 11.27% from ¥0.7641 in the same period last year[5] - The company's net profit for Q1 2023 was impacted by a significant increase in asset impairment losses, which rose by 564,084.56% compared to the previous year[15] - The company reported a 269.90% increase in other income, totaling approximately 217 million yuan, primarily due to increased government subsidies[15] - The company reported a total comprehensive income of CNY 430,560,894.78, compared to CNY 387,004,342.34 in Q1 2022, indicating a growth of 11.2%[31] - Basic earnings per share increased to CNY 0.8502 from CNY 0.7641, reflecting a growth of 11.2%[31] Cash Flow - The net cash flow from operating activities was negative at -¥85,804,303.19, a decrease of 146.37% compared to ¥185,049,791.09 in the previous year[5] - In Q1 2023, the net cash flow from operating activities decreased by 146.37% year-on-year, primarily due to increased repayments of due notes and higher tax payments[16] - The net cash flow from investment activities increased by 127.17% year-on-year, mainly attributed to an increase in the redemption of structured deposits during the reporting period[17] - The net cash flow from financing activities surged by 3306.77% year-on-year, primarily due to the establishment of a new subsidiary, Dongsheng Shudao (Panzhihua) New Materials Co., Ltd., and the receipt of minority shareholder investments[17] - The cash inflow from operating activities reached RMB 4,333,033,500.75, a 90.36% increase compared to the same period last year[16] - The cash outflow from investment activities decreased by 53.95% year-on-year, totaling RMB 1,370,505,257.02[16] - The net increase in cash and cash equivalents for the period was RMB 106,655,945.88, a 134.43% increase year-on-year[16] - Cash and cash equivalents at the end of the period amounted to CNY 5,265,656,523.31, up from CNY 3,979,573,797.91 at the end of Q1 2022[34] Assets and Liabilities - Total assets as of March 31, 2023, were ¥19,839,879,769.83, a decrease of 7.96% from ¥21,555,475,302.62 at the end of the previous year[5] - The total liabilities decreased by 22.34% to approximately 7.82 billion yuan from 10.07 billion yuan at the end of 2022[11] - Total liabilities decreased to ¥7,817,115,710.44 from ¥10,065,321,538.02, a decline of approximately 22.4%[27] - The company's total equity attributable to shareholders was ¥11,920,740,171.26, which is a 3.75% increase from ¥11,490,153,764.60 at the end of the previous year[5] - The total equity increased by 4.64% to approximately 12.02 billion yuan from 11.49 billion yuan at the end of 2022[12] - Current assets totaled ¥16,227,587,524.25, down from ¥18,111,659,141.95, indicating a decrease of approximately 10.4%[26] - The company's equity attributable to shareholders increased to ¥11,920,740,171.26 from ¥11,490,153,764.60, showing an increase of about 3.7%[28] Inventory and Construction - The company reported a significant decrease in inventory, down 41.16% to ¥1,685,837,894.22, attributed to accelerated inventory turnover and declining raw material prices[9] - The company increased its construction in progress by 33.09% to ¥843,955,009.77, mainly due to investments in new lithium battery material production bases[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,497, with no preferred shareholders[18] - The largest shareholder, Minmetals Technology Group Co., Ltd., holds a 23.19% stake, amounting to 117,437,261 shares[19] Other Information - The company established a joint venture, Dongsheng Shudao (Panzhihua) New Materials Co., Ltd., with a registered capital of RMB 1 billion, to manage the construction and operation of a new materials industrial base[24] - The first quarter report for Beijing Dangsheng Materials Technology Co., Ltd. is unaudited[35] - The report was announced on April 24, 2023[35] - The document does not provide specific financial performance metrics or user data[35] - There are no details on future outlook or performance guidance included in the report[35] - The report lacks information on new product or technology development[35] - There are no mentions of market expansion or mergers and acquisitions[35] - The report does not outline any new strategies[35] - The company has not disclosed any revenue figures or growth percentages[35] - No comparative data from previous quarters is provided[35] - The report is primarily a formal announcement without detailed financial insights[35]