Malion(SZ:300586)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥523,886,363.84, a decrease of 14.16% compared to ¥610,314,141.96 in the same period last year[5] - Net profit attributable to shareholders was ¥53,672,392.42, down 40.97% from ¥90,927,751.51 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥51,049,565.10, reflecting a decline of 42.53% compared to ¥88,821,111.62 in the previous year[5] - Basic earnings per share were ¥0.0787, a decrease of 41.00% from ¥0.13341 in the previous year[5] - The total comprehensive income for the first quarter of 2023 was approximately CNY 82.99 million, a decrease from CNY 146.03 million in the same period last year, representing a decline of about 43.1%[34] - Net profit for Q1 2023 was ¥82,919,330.03, a decline of 43.1% from ¥145,629,262.80 in Q1 2022[33] Cash Flow and Assets - The net cash flow from operating activities decreased by 68.36%, amounting to ¥56,176,655.38, down from ¥177,565,841.60 in the same quarter last year[5] - The company reported a cash balance of approximately 462.68 million RMB as of March 31, 2023, an increase from 444.34 million RMB at the beginning of the year[28] - Cash and cash equivalents at the end of the period stood at CNY 399.18 million, up from CNY 363.97 million at the end of the previous year, reflecting an increase of about 9.6%[37] - The total liabilities decreased to ¥1,014,129,577.57 in Q1 2023 from ¥1,083,764,104.20 in Q1 2022, indicating a reduction in overall financial leverage[30] Shareholder Information - Shareholder equity attributable to the parent company increased by 10.68% to ¥1,779,113,011.40 from ¥1,607,408,306.43 at the end of the previous year[5] - The total number of common shareholders at the end of the reporting period is 27,805[12] - The largest shareholder, Huang Weishan, holds 33.14% of the shares, totaling 178,030,000 shares, with 43,350,000 shares pledged[12] - The top ten shareholders include Zhang Shengye with 9.05% and Zhang Chaoyi with 6.09% of the shares[12] Investments and Projects - The company plans to invest approximately 2 billion RMB in the lithium battery wet separator industrialization project, with a total capacity expected to reach 700 million square meters by the end of 2023[19] - The company signed an investment cooperation agreement to establish a new materials company with a total investment of 5 billion RMB for the production of battery-grade Prussian blue, targeting an annual output of 180,000 tons[22] - The company is in the process of acquiring 100% equity of Anshan Huihong Pigment Technology Co., Ltd. for a total price of 126 million RMB, which will become a wholly-owned subsidiary[25] Production and Capacity - The company is currently constructing four production lines for functional masterbatch and one production line for biodegradable masterbatch, which will add a capacity of 36,300 tons upon completion[18] - As of the end of 2022, four production lines with a combined capacity of 300 million square meters have been completed and put into operation[19] - The company aims to enhance its production capacity for battery-grade Prussian blue to 5,600 tons after ongoing technical renovations at Huihong Technology[26] Financial Strategy and Liabilities - The company redeemed all of its convertible bonds on April 13, 2023, with a total redemption amount of 1,503,495.57 RMB[15] - The total face value of the redeemed convertible bonds was 1,491,800.00 RMB, accounting for 0.7216% of the total issuance[15] - Current liabilities rose to ¥655,520,520.95 in Q1 2023, compared to ¥616,196,932.64 in Q1 2022, reflecting increased short-term financial obligations[30] - Long-term liabilities decreased to ¥358,609,056.62 in Q1 2023 from ¥467,567,171.56 in Q1 2022, showing improved long-term financial health[30] Research and Development - Research and development expenses for Q1 2023 were ¥18,878,822.59, down from ¥22,803,286.03 in Q1 2022, suggesting a potential shift in investment strategy[32] - The company has signed strategic cooperation agreements to promote the industrialization of sodium-ion batteries, indicating a focus on expanding its product offerings in the battery sector[22] Other Financial Metrics - Total operating revenue for Q1 2023 was ¥523,886,363.84, a decrease of 14.2% compared to ¥610,314,141.96 in Q1 2022[32] - Total operating costs for Q1 2023 were ¥434,486,685.13, down from ¥446,695,149.39 in the same period last year, reflecting a cost reduction strategy[32] - The company reported an investment income of ¥2,730,350.25 in Q1 2023, compared to ¥2,481,586.83 in Q1 2022, reflecting stable investment performance[33] - The company did not report any net profit from subsidiaries prior to consolidation during the current period[34] - The first quarter report was not audited, as stated by the company’s board of directors[38]