晶瑞电材(300655) - 2023 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2023 was ¥295,284,439.98, a decrease of 34.4% compared to ¥450,508,527.58 in the same period last year[8]. - Total operating costs for Q1 2023 were ¥275,906,620.59, down 32.6% from ¥409,490,759.36 in Q1 2022[8]. - Basic earnings per share for Q1 2023 were ¥0.03, down from ¥0.05 in the same period last year[10]. - The company reported a total comprehensive income of ¥19,062,083.26 for Q1 2023, compared to ¥33,009,335.30 in Q1 2022[10]. - The net profit attributable to shareholders for Q1 2023 was ¥17,927,652.35, down 43.92% from ¥31,968,364.05 year-on-year[41]. - Operating profit decreased by 43.82% to ¥21,735,792.15 due to a decline in operating revenue[45]. - Net profit for the first quarter was CNY 19,062,083.26, down from CNY 33,009,335.30, indicating a decline of about 42.3% year-over-year[59]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥63,546,453.29, an increase of 11.4% compared to ¥56,937,551.08 in Q1 2022[11]. - Cash and cash equivalents at the end of Q1 2023 amounted to ¥700,821,837.16, up from ¥650,941,173.73 at the end of Q1 2022[13]. - The company raised ¥255,000,000.00 from investment recovery during Q1 2023, with no comparable figure from the previous year[12]. - The net cash flow from financing activities was ¥187,159,366.79, a decrease of 14.5% from ¥218,886,442.18 in Q1 2022[13]. - The company’s cash inflow from operating activities totaled ¥281,659,371.94, down from ¥312,268,266.17 in Q1 2022[12]. - Net cash outflow from investing activities was -¥100,514,788.31, a 41.54% decrease attributed to increased investments in financial products and project construction[45]. - Cash outflow from financing activities decreased by 49.62% to ¥42,870,633.21 mainly due to reduced bank loan repayments[45]. Assets and Liabilities - The company's total assets at the end of Q1 2023 included cash and cash equivalents of ¥701,740,060.80, compared to ¥551,626,029.57 at the end of the previous period[5]. - Total assets as of March 31, 2023, were ¥3,735,732,583.30, reflecting a 16.17% increase from ¥3,215,655,537.25 at the end of the previous year[41]. - The company's total liabilities amounted to CNY 1,276,019,273.14, up from CNY 1,184,888,371.39, marking an increase of about 7.7%[71]. - The total equity attributable to shareholders increased to CNY 1,991,292,215.05 from CNY 1,960,748,412.38, showing a growth of approximately 1.6%[71]. Investments and Expenses - The company's long-term equity investments decreased by 55.02% to ¥77,712,729.90 due to an increase in the consolidation scope of Hubei Jingrui[26]. - Fixed assets increased by 38.94% to ¥971,000,630.60, primarily due to the consolidation of Hubei Jingrui[26]. - Other payables surged by 543.90% to ¥15,304,898.26, attributed to the consolidation of Hubei Jingrui[26]. - Research and development expenses rose to CNY 16,178,249.68, compared to CNY 14,482,325.13, reflecting an increase of approximately 11.7%[59]. - Financial expenses decreased by 38.59% to ¥2,790,512.25 primarily due to increased bank deposit interest rates[45]. - The company reported a decrease in financial expenses to CNY 2,790,512.25 from CNY 4,543,703.94, a reduction of about 38.7%[59]. - The company’s inventory increased to CNY 109,898,377.25 from CNY 91,616,954.70, representing a growth of approximately 19.9%[70]. - The company’s tax expenses decreased to CNY 2,679,576.37 from CNY 5,457,293.86, a decline of about 51.1%[59]. Strategic Initiatives - The company plans to issue shares to specific investors, with applications accepted by the Shenzhen Stock Exchange on March 16 and March 30, 2023[32]. - The company plans to introduce strategic investors for its subsidiary, indicating a focus on market expansion and potential partnerships[66]. - The company’s subsidiary, Ruihong (Suzhou) Electronic Chemicals Co., Ltd., began trading on the National Equities Exchange and Quotations on February 16, 2023[51]. - The company does not classify any non-recurring gains and losses as recurring gains and losses[43].