华信新材(300717) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥75,116,267.86, a decrease of 2.13% compared to ¥76,750,787.31 in the same period last year[5] - Net profit attributable to shareholders increased by 59.37% to ¥7,198,331.06 from ¥4,516,840.79 year-on-year[5] - The net profit after deducting non-recurring gains and losses rose by 69.35% to ¥6,889,811.40 compared to ¥4,068,501.46 in the previous year[5] - Basic and diluted earnings per share increased by 58.73% to ¥0.0700 from ¥0.0441 year-on-year[5] - Total operating revenue for Q1 2023 was CNY 75,116,267.86, a decrease of 2.14% from CNY 76,750,787.31 in Q1 2022[24] - Net profit for Q1 2023 was CNY 7,198,331.06, representing an increase of 59.5% compared to CNY 4,516,840.79 in Q1 2022[26] - Earnings per share for Q1 2023 was CNY 0.0700, up from CNY 0.0441 in the same period last year[27] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.95% to ¥5,859,929.76 from ¥13,303,614.74 in the same period last year[5] - Cash flow from operating activities generated CNY 5,859,929.76, a decrease of 56.0% from CNY 13,303,614.74 in Q1 2022[30] - The net increase in cash and cash equivalents for the quarter was a decrease of ¥13,275,874.78[31] - The beginning balance of cash and cash equivalents was ¥168,139,523.48[31] - The ending balance of cash and cash equivalents was ¥154,863,648.70[31] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥765,280,842.04, a slight increase of 0.14% from ¥764,223,716.54 at the end of the previous year[5] - The company's current assets decreased from RMB 371,959,415.13 at the beginning of the year to RMB 363,195,105.81 by the end of the first quarter[21] - The total liabilities decreased from RMB 93,097,972.57 to RMB 86,725,125.33, indicating a reduction of approximately 6.5%[22] - The total liabilities decreased to CNY 104,951,986.72 from CNY 111,093,192.28 year-over-year[23] - The total equity attributable to shareholders increased to CNY 660,328,855.32 from CNY 653,130,524.26 in the previous year[23] Operational Changes - The company reported a significant increase in prepayments by 105.33% due to increased advance payments for goods[9] - The company experienced a 207.31% increase in financial expenses, primarily due to increased exchange losses[12] - The company's non-current assets increased from RMB 392,264,301.41 to RMB 402,085,736.23, showing a growth of about 2%[22] - Accounts receivable increased from RMB 108,125,485.33 to RMB 113,198,399.86, indicating a growth of approximately 6.3%[20] - Inventory rose from RMB 62,881,439.80 to RMB 65,319,659.67, reflecting an increase of about 3.5%[21] - The company’s accounts payable increased from RMB 40,834,344.74 to RMB 42,029,346.89, representing an increase of approximately 2.9%[22] - The company’s other receivables increased from RMB 1,112,646.36 to RMB 1,733,287.24, marking a growth of about 55.7%[21] Government Support and Other Factors - The company received government subsidies amounting to ¥424,134.59, which were closely related to its normal business operations[7] - The impact of exchange rate changes on cash and cash equivalents was a decrease of ¥2,300,866.70[31] - The company reported a credit impairment loss of CNY -1,465,188.73, worsening from CNY -558,794.78 in Q1 2022[26] Audit and Reporting - The first quarter report was not audited[32]