元力股份(300174) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥457,401,405.40, a decrease of 6.68% compared to ¥490,131,202.65 in the same period last year[22]. - Net profit attributable to shareholders was ¥45,330,906.83, down 10.92% from ¥50,887,597.68 year-on-year[22]. - Operating profit decreased to $56.56 million from $66.20 million, a decline of about 14%[57]. - Net profit for the period was $53.01 million, down from $57.25 million, representing a decrease of around 7%[57]. - Basic earnings per share decreased by 24.06% to ¥0.1247 from ¥0.1642 in the same period last year[22]. - Basic earnings per share decreased to $0.1247 from $0.1642, a decline of approximately 24%[59]. - Cash received from sales and services was $330.33 million, down from $415.47 million, a decrease of about 20%[62]. Cash Flow - The net cash flow from financing activities was $99,577,246, a significant improvement from a net outflow of $2,906,795 in the previous period[1]. - The net cash flow from operating activities was -¥49,586,075.07, a significant decline of 167.02% compared to ¥73,982,075.70 in the previous year[22]. - The company reported a decrease in cash flow from financing activities, with cash received from financing activities down 85.46% year-on-year[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,827,099,519.59, an increase of 4.58% from ¥3,659,556,338.34 at the end of the previous year[22]. - The equity attributable to shareholders increased by 5.23% to ¥2,940,513,768.65 from ¥2,794,423,419.24 at the end of the previous year[22]. - The balance of short-term borrowings rose by 55.99% to $209,207,000, primarily due to an increase in bank short-term loans[7]. - The balance of contract liabilities at the end of the reporting period was ¥9,389,600, a decrease of 41.28% compared to the beginning of the year[37]. Income and Expenses - Other income increased by 468.02% to $7,377,500, mainly due to an increase in VAT refunds received[8]. - Investment income rose by 428.18% to $8,341,600, primarily from increased returns on EWS investments[8]. - The company reported a decrease in financial expenses by 69.79% to -$9,546,700, due to increased interest income from convertible bonds[8]. - Research and development expenses increased to $16.30 million from $15.03 million, an increase of approximately 8%[57]. - Tax expenses decreased significantly to $4.06 million from $9.20 million, a reduction of about 56%[57]. Changes in Assets - Cash and cash equivalents decreased by $283,324,687, compared to a decrease of $19,250,152 in the previous period[1]. - The balance of other current assets increased by 37.02% to $17,601,200, mainly due to an increase in input VAT credits from subsidiaries[7]. - The total current assets increased to CNY 2,172,621,578.24 from CNY 2,099,915,729.12 at the beginning of the year, reflecting a growth of approximately 3.45%[46]. - The inventory balance at the end of the first quarter was CNY 325,858,728.82, up from CNY 311,512,818.43 at the beginning of the year, representing a growth of approximately 4.59%[46]. - Accounts receivable increased by 32.87% to $190,141,600, driven by a gradual increase in sales volume during the first quarter[4]. Corporate Developments - The company established a wholly-owned subsidiary, Yuanli New Energy Carbon Materials (Nanping) Co., Ltd., in January 2023[41]. - The company redeemed Yuanli convertible bonds on January 9, 2023, paying a total of CNY 3,670,266.60[40]. - The company relocated its office to No. 8 Zhuxi Road, Yanping District, Nanping City, Fujian Province, in April 2023[42].