温州宏丰(300283) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥546,734,726.06, representing a 14.87% increase compared to ¥475,977,564.48 in the same period last year[5] - Net profit attributable to shareholders decreased by 44.59% to ¥3,886,800.67 from ¥7,014,539.46 year-on-year[5] - Basic and diluted earnings per share fell by 50.00% to ¥0.01 from ¥0.02 in the same period last year[5] - Net profit for Q1 2023 was ¥985,369.91, a decrease of 86.06% from ¥7,098,451.86 in the previous year[23] - The total comprehensive income for the first quarter of 2023 was CNY 1,005,505.68, a decrease from CNY 7,018,241.83 in the same period last year[24] Cash Flow - The net cash flow from operating activities improved by 62.80%, reaching -¥29,517,893.19 compared to -¥79,347,374.05 in the previous year[5] - The net cash flow from operating activities for Q1 2023 was -29,517,893.19 RMB, an improvement of 62.80% compared to Q4 2022[10] - Cash inflow from operating activities totaled CNY 503,447,439.07, compared to CNY 440,329,890.72 in the previous year, representing an increase of approximately 14.3%[26] - Cash outflow from operating activities was CNY 532,965,332.26, slightly higher than CNY 519,677,264.77 in the previous year[27] - The net cash flow from financing activities decreased by 67.11% to 91,114,600.97 RMB, primarily due to a reduction in cash received from loans by 36,964.17 RMB[10] - The net cash flow from financing activities was CNY 91,114,600.97, compared to CNY 277,018,781.79 in the same period last year, indicating a decrease of approximately 67.1%[27] Assets and Liabilities - Total assets increased by 5.83% to ¥2,609,709,742.01 from ¥2,465,831,913.43 at the end of the previous year[5] - Current assets totaled ¥1,359,302,123.59, up from ¥1,305,086,691.57, indicating a rise of 4.15%[20] - The company's total liabilities increased to ¥1,596,145,443.82 from ¥1,475,536,127.42, reflecting a growth of 8.19%[21] - Inventory at the end of Q1 2023 was ¥797,013,776.00, an increase of 6.52% from ¥748,149,854.06 at the beginning of the year[20] Expenses - Research and development expenses rose by 45.73% to ¥19,928,913.15 from ¥13,674,773.76 year-on-year, indicating increased investment in innovation[9] - Sales expenses increased by 42.14% to ¥3,473,731.07 from ¥2,443,822.23 in the same period last year[9] - The company reported a financial expense of ¥16,748,573.73, which is an increase of 50.57% from ¥11,120,272.54 in the same period last year[23] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 22,577[11] - The largest shareholder, Chen Xiao, holds 38.71% of the shares, with 169,183,660 shares pledged[11] Future Plans - The company plans to establish a new copper foil production base with an annual capacity of 50,000 tons, with a total investment of 2.1 billion RMB[13] - The fixed asset investment for the new project is estimated at 1.6 billion RMB, focusing on producing ultra-thin double-sided lithium battery copper foil[13] - The company is transferring 100% equity of its subsidiary, Timet, to Guipai Electric for a price of 153 million RMB[16] Cash and Cash Equivalents - The cash and cash equivalents decreased to ¥121,076,783.88 from ¥160,775,245.81, a decline of 24.66%[20] - The cash and cash equivalents at the end of the period were CNY 77,526,090.32, a significant decrease from CNY 325,657,113.74 at the end of the previous year[27] - The company reported a foreign exchange impact on cash and cash equivalents of CNY -91,369.76 for the quarter[27]