扬帆新材(300637) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥158,164,544.68, a decrease of 31.54% compared to ¥231,037,818.81 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥15,037,349.28, representing a decline of 229.47% from a profit of ¥11,614,748.46 in the previous year[5] - Basic and diluted earnings per share were both negative at ¥-0.0641, down 229.49% from ¥0.0495 in the previous year[5] - Total operating revenue for Q1 2023 was ¥158,164,544.68, a decrease of 31.5% compared to ¥231,037,818.81 in Q1 2022[21] - Net profit for Q1 2023 was a loss of ¥15,037,349.28, compared to a profit of ¥11,614,748.46 in Q1 2022[23] - Basic and diluted earnings per share for Q1 2023 were both -¥0.0641, compared to ¥0.0495 in Q1 2022[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥6,725,878.10, a decrease of 122.22% compared to ¥30,266,165.35 in the same period last year[5] - Operating cash flow for the current period was -6,725,878.10, a decrease from 30,266,165.35 in the previous period, indicating a significant decline in operational performance[25] - Cash inflow from operating activities totaled 124,376,654.05, down 38% from 200,465,190.32 in the previous period[25] - Cash outflow from operating activities increased to 131,102,532.15, compared to 170,199,024.97 in the previous period, reflecting a tighter cash management[25] - The ending cash and cash equivalents balance was 76,740,907.40, down from 86,043,976.30 in the previous period, indicating a decrease in liquidity[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,407,873,446.26, an increase of 1.33% from ¥1,389,429,540.68 at the end of the previous year[5] - The company's total liabilities increased to ¥657,377,892.29 in Q1 2023 from ¥632,139,067.83 in Q1 2022, reflecting a rise of 4.0%[20] - The total equity attributable to shareholders decreased to ¥750,495,553.97 in Q1 2023 from ¥757,290,472.85 in Q1 2022, a decline of 0.9%[20] - The company's total liabilities increased, with current liabilities due within one year rising by 72.47% to ¥45,460,133.07[11] Operational Performance - The company's operating income decreased primarily due to a decline in the price and sales volume of photoinitiators[11] - The company reported a 38.08% decrease in cash received from sales of goods and services, totaling ¥116,123,483.59 compared to ¥187,553,033.14 in the previous year[12] - The company experienced a decline in orders and product prices due to global inflation and market competition, leading to a loss in Q1 2023[15] Other Income and Expenses - Other income increased significantly by 550.40% to ¥1,919,557.33, mainly due to an increase in government subsidies[12] - Research and development expenses for Q1 2023 were ¥10,335,803.87, down 15.6% from ¥12,251,077.27 in Q1 2022[21] - The company reported a credit impairment loss of ¥333,153.53 in Q1 2023, compared to a loss of ¥349,281.41 in Q1 2022[23] - Other comprehensive income after tax for Q1 2023 was ¥8,132,709.38, compared to a loss of ¥14,163,707.34 in Q1 2022[23] Market Outlook - The company is adjusting its production capacity based on market demand, with some products entering trial production[15] - The company anticipates a recovery in the downstream market supported by domestic and international trade openings and government policies[15]