长海股份(300196) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥603,084,667.07, a decrease of 20.01% compared to ¥753,994,832.50 in the same period last year[4] - Net profit attributable to shareholders was ¥81,350,922.64, down 64.32% from ¥228,005,913.96 year-on-year[4] - The basic earnings per share decreased to ¥0.20, a decline of 64.29% from ¥0.56 in the previous year[4] - Total revenue decreased significantly, with net profit dropping to ¥81,215,843.82, down 64.36% year-over-year, mainly due to declining product prices and reduced sales profits[9] - The total profit margin decreased significantly, with total profit amounting to ¥92,958,062.38, down 64.34% compared to the previous year[9] Cash Flow and Liquidity - The net cash flow from operating activities was ¥105,891,164.41, representing a decrease of 15.76% compared to ¥125,701,932.03 in the same period last year[4] - Cash inflow from operating activities was CNY 575,515,992.90, down from CNY 621,182,665.79 in the previous year, indicating a need for cash flow management[25] - The net increase in cash and cash equivalents for Q1 2023 was ¥122,364,255.70, compared to ¥55,412,690.16 in Q1 2022, indicating a strong liquidity position[26] - The ending balance of cash and cash equivalents reached ¥1,173,975,248.70, up from ¥769,213,550.16 at the end of Q1 2022, reflecting a year-over-year increase of 52.5%[27] - The company's cash flow from financing activities surged to ¥133,037,150.01, an increase of 1496.75%, primarily due to increased bank borrowings[10] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,706,267,280.08, an increase of 2.46% from ¥5,569,068,342.84 at the end of the previous year[4] - The total liabilities increased to CNY 1,379,560,993.21 from CNY 1,323,577,899.79, indicating a rise in financial obligations[22] - The total current liabilities were CNY 664,981,319.42, up from CNY 611,738,323.66, representing an increase of about 8.7%[18] - The company's non-current assets totaled CNY 3,050,001,406.32, slightly down from CNY 3,053,402,947.25, indicating a decrease of approximately 0.1%[18] Operational Efficiency - The company experienced a 36.84% reduction in selling expenses, which amounted to ¥10,076,087.75, down from ¥15,952,345.41[8] - Operating costs for Q1 2023 were CNY 520,189,893.60, down from CNY 544,532,693.34, reflecting a cost reduction strategy[21] - The company reported a decrease in sales expenses to CNY 10,076,087.75 from CNY 15,952,345.41, suggesting improved operational efficiency[22] Investment and Financing Activities - The total cash outflow from investing activities was ¥245,073,811.42, down from ¥340,648,052.36 in the previous year, resulting in a net cash flow from investing activities of -¥107,493,390.02[26] - The company reported a substantial decrease in investment income, with a loss of ¥158,449.58, representing a decline of 106.11% compared to the previous period[9] - The cash received from investment activities was ¥137,580,421.40, down from ¥265,482,168.67 in Q1 2022, indicating a decline of 48.2%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,976, with the largest shareholder holding 41.71% of the shares[11] - The total equity attributable to shareholders increased to CNY 4,331,544,078.67 from CNY 4,250,193,156.03, showing a positive trend in shareholder value[22] Strategic Focus - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[22] - Research and development expenses increased to CNY 35,734,673.88, up from CNY 30,044,577.67, indicating a focus on innovation[22]