飞凯材料(300398) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥601,689,777.17, a decrease of 30.47% compared to ¥865,397,506.97 in the same period last year[5] - Net profit attributable to shareholders was ¥72,372,691.16, down 47.84% from ¥138,763,627.91 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥66,346,046.98, a decline of 55.18% compared to ¥148,014,429.72 in the previous year[5] - Basic earnings per share decreased by 48.15% to ¥0.14 from ¥0.27 year-on-year[5] - The total comprehensive income for Q1 2023 was ¥61.57 million, a decrease of 55.5% from ¥138.16 million in Q1 2022[34] - The net profit for Q1 2023 was ¥76.12 million, representing a decline of 45.5% from ¥139.99 million in Q1 2022[33] Cash Flow and Assets - The net cash flow from operating activities was -¥124,769,378.66, worsening by 331.24% from -¥28,932,390.17 in the same period last year[5] - Cash inflows from operating activities totaled ¥698.88 million in Q1 2023, compared to ¥823.46 million in Q1 2022, reflecting a decrease of 15.2%[35] - The total cash and cash equivalents at the end of the period were 976,492,329.69 CNY, down from 1,165,379,648.84 CNY at the beginning of the period[37] - The total assets at the end of Q1 2023 were ¥6,240,852,819.50, a decrease of 1.16% from ¥6,314,013,135.15 at the end of the previous year[6] - As of March 31, 2023, total current assets amounted to CNY 3,284,924,947.14, a decrease from CNY 3,390,316,306.10 at the beginning of the year[28] Shareholder Information - Total number of common shareholders at the end of the reporting period is 51,009[15] - The largest shareholder, Feikai Holdings Limited, holds 22.37% of shares, totaling 118,237,504 shares, with 13,500,000 shares pledged[15] - The total number of shares held by the top 10 shareholders amounts to 200,000,000 shares, representing a significant concentration of ownership[16] - The company is actively managing its shareholder structure, with specific attention to the pledging of shares by major shareholders[15] Debt and Financing - The company plans to issue convertible bonds totaling up to RMB 832 million to enhance capital strength and profitability[20] - The company’s long-term borrowings increased by 85.40% to ¥227,729,699.79 from ¥122,832,693.65, indicating a strategy to optimize the debt structure[12] - The company plans to apply for a comprehensive credit limit of up to CNY 3.3 billion from financial institutions in 2023 to support operational funding needs[25] Investment and Expenses - The company reported a significant increase in investment income of 5,346.05%, reaching ¥14,877,873.50 compared to ¥273,186.35 in the same period last year[12] - The company’s sales expenses decreased by 38.00% to ¥29,415,426.82 from ¥47,440,596.07 year-on-year, reflecting cost control measures[12] - Research and development expenses for Q1 2023 were ¥41.92 million, down 17.5% from ¥50.80 million in Q1 2022[32] Governance and Compliance - The company’s board of directors and supervisory board were successfully re-elected on April 20, 2023, ensuring continuity in governance[25] - The company has been actively responding to regulatory feedback during the bond issuance process, ensuring compliance with all requirements[21] Convertible Bonds - The company plans to issue convertible bonds totaling RMB 825 million, with a face value of RMB 82.5 million and an initial conversion price of RMB 19.34 per share[21] - The conversion period for "Feikai Convertible Bonds" started on June 3, 2021, and will last until November 26, 2026[22] - The company decided not to exercise the early redemption rights for "Feikai Convertible Bonds" during the specified periods due to market conditions and to protect investor interests[22] - The company’s board of directors has been proactive in addressing market conditions and investor rights regarding the convertible bonds[22]