ANLI(SZ:300218)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥434,028,093.32, a decrease of 10.40% compared to ¥484,420,485.16 in the same period last year[5] - The net profit attributable to shareholders was -¥14,032,778.20, representing a decline of 108.30% from ¥168,996,501.58 in the previous year[5] - The net cash flow from operating activities was -¥59,547,814.56, a significant decrease of 296.90% compared to ¥30,242,235.89 in Q1 2022[5] - The basic earnings per share were -¥0.0647, down 108.18% from ¥0.7911 in the same quarter last year[5] - The company reported a revenue of 434.03 million RMB for the reporting period, a decrease of 10.4% compared to the same period last year[12] - The net profit attributable to shareholders was -14.03 million RMB, representing a decline of 108.3% year-on-year[12] - Net profit for the current period is a loss of ¥15,519,280.96, compared to a profit of ¥179,713,362.41 in the previous period, representing a significant decline[40] - The company reported a total comprehensive loss of ¥17,996,417.51 for the current period, compared to a comprehensive income of ¥177,438,894.75 in the previous period[41] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,220,107,840.17, a decrease of 3.08% from ¥2,290,763,300.03 at the end of the previous year[5] - As of the end of Q1 2023, total assets amounted to RMB 2.22 billion, down from RMB 2.29 billion at the beginning of the year[36] - Current assets decreased from RMB 1.24 billion to RMB 1.19 billion, while non-current assets also saw a decline[36] - Short-term borrowings increased from RMB 167.85 million to RMB 194.56 million[37] - Total liabilities decreased from RMB 866.09 million to RMB 812.03 million[38] - The company's total equity as of Q1 2023 was RMB 1.41 billion, slightly down from RMB 1.42 billion at the beginning of the year[38] Cash Flow - The net increase in cash and cash equivalents was -¥54,024,242.23, a decline of 129.53% compared to -¥23,536,496.94 in Q1 2022, primarily due to reduced cash flow from operating activities[8] - Cash flow from operating activities shows a net outflow of ¥59,547,814.56, contrasting with a net inflow of ¥30,242,235.89 in the previous period[43] - Cash and cash equivalents at the end of the period amount to ¥372,257,972.33, down from ¥426,282,214.56 at the beginning of the period[44] Operational Costs and Expenses - Total operating costs for the current period are ¥439,999,305.33, down 6.9% from ¥472,939,260.09 in the previous period[39] - The company reported a 52.01% increase in financial expenses, totaling ¥9,621,216.27, primarily due to fluctuations in the exchange rate of the US dollar against the RMB[8] - Other income decreased by 33.02% to ¥4,496,983.72, attributed to a reduction in government subsidies received compared to the previous year[8] - The company incurred credit impairment losses of ¥5,887,219.68, an increase from ¥3,973,658.95 in the previous period[40] - Research and development expenses for the current period are ¥37,163,632.01, slightly down from ¥37,296,696.13 in the previous period[39] Market Position and Strategy - The company has an annual production capacity of 85 million meters for polyurethane synthetic leather and composite materials, making it the largest in China[14] - The company is recognized as a "National Manufacturing Single Champion Demonstration Enterprise" by the Ministry of Industry and Information Technology[14] - The company aims to strengthen brand partnerships and expand market presence despite current economic challenges[14] - The company remains optimistic about future growth, citing a favorable industry position and competitive advantages[13] - The company is committed to innovation-driven strategies and green development to capture market opportunities[14] Research and Development - The company invested CNY 37.16 million in R&D during the reporting period, focusing on high value-added and high-tech product development, including new materials and technologies such as water-based and solvent-free processes[16] - The company has a total of 532 valid authorized patents and has participated in the formulation of 52 national and industry standards, making it a leader in innovation within its sector[16] Environmental Commitment - The company has made cumulative environmental investments exceeding CNY 200 million, emphasizing its commitment to green development and ecological sustainability[16] - The company has been awarded the title of "Green Leader Enterprise" by the China National Certification Center, highlighting its commitment to environmental excellence[18] - The company has implemented advanced ecological and environmental management practices, with pollutant emissions significantly below national and local standards[18] Employee Engagement - The company has initiated its third employee stock ownership plan to enhance employee motivation and align interests with shareholders, approved by the board on March 25, 2022[30] - The company completed the transfer of 4,508,800 shares to the employee stock ownership plan, representing 2.08% of the total share capital[31] - The third phase of the employee stock ownership plan has a duration of up to 36 months, with a 12-month lock-up period for the shares[31] Future Plans - The company plans to upgrade four production lines for ecological functional polyurethane synthetic leather, with a projected annual output of 18 million meters, and a construction period of 1.5 years[27] - The company is actively promoting photovoltaic power generation projects to support energy conservation and sustainable development[18] - The company expects to receive a total compensation of CNY 205.08 million for the land and assets disposal, with CNY 130 million already received, accounting for approximately 63.39% of the total compensation[25]