国林科技(300786) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥66,122,429.84, representing a 4.62% increase compared to ¥63,201,331.24 in the same period last year[5] - The net profit attributable to shareholders decreased by 64.48% to ¥1,499,878.40 from ¥4,222,250.49 year-on-year[5] - Basic and diluted earnings per share dropped by 75.00% to ¥0.01 from ¥0.04 in the same period last year[5] - The company's net profit for Q1 2023 was CNY 1,299,575.80, a decrease of 68.9% compared to CNY 4,171,598.64 in Q1 2022[25] - Operating profit for the period was CNY 2,519,023.52, down 41.6% from CNY 4,317,642.84 in the same period last year[25] - Total revenue from sales of goods and services was CNY 99,338,599.51, an increase from CNY 95,229,045.63 in Q1 2022[27] - The company reported a total comprehensive income of CNY 1,299,575.80 for the period, compared to CNY 4,171,598.64 in the same period last year[26] Cash Flow and Liquidity - The net cash flow from operating activities turned negative at -¥28,089,185.12, a decline of 579.28% compared to a positive cash flow of ¥5,860,760.46 in the previous year[5] - The cash outflow from operating activities rose by 40.97% to ¥130,658,111.35, mainly due to increased cash payments for raw materials[12] - The net cash flow from financing activities decreased by 99.76% to RMB 150,000 compared to RMB 62,400,000 in the previous period, primarily due to no new borrowings this year[13] - The cash and cash equivalents decreased significantly by 3,002.71% to RMB -46,074,793.20 from RMB 1,587,301.82, mainly due to the absence of new borrowings[13] - The cash outflow from financing activities dropped by 94.96% to RMB 983,999.99 from RMB 19,532,431.80, attributed to no new borrowings or repayments this year[13] - The company reported a net cash outflow from operating activities of CNY -28,089,185.12, compared to a net inflow of CNY 5,860,760.46 in the previous year[27] - The company had a net cash outflow from investing activities of CNY -17,151,608.09, compared to CNY -47,141,026.84 in Q1 2022[29] Expenses and Costs - The company reported a significant increase in management expenses by 47.93% to ¥12,012,936.50, primarily due to higher costs related to equity incentives and increased labor and depreciation expenses[10] - Financial expenses surged by 147.55% to ¥338,337.17, largely due to an increase in borrowings compared to the same period last year[10] - The company experienced a 132.71% increase in taxes and surcharges, amounting to ¥2,033,981.59, attributed to increased property taxes from fixed assets[10] - Total operating costs for Q1 2023 were CNY 67,433,857.51, up from CNY 63,099,922.01 in Q1 2022, reflecting a year-over-year increase of 6.0%[24] - Research and development expenses amounted to CNY 4,905,964.14, a decrease from CNY 5,953,324.82 in Q1 2022[25] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥1,674,146,152.05, down 1.95% from ¥1,707,444,341.21 at the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 213,266,251.60 from CNY 259,367,342.05 at the beginning of the year, a decline of 17.8%[21] - Accounts receivable decreased to CNY 167,395,883.16 from CNY 180,279,536.01, representing a reduction of 7.4%[21] - Inventory increased to CNY 340,482,844.91 from CNY 308,650,961.35, marking an increase of 10.3%[22] - Total liabilities decreased to CNY 416,791,040.82 from CNY 452,520,510.02, reflecting a decrease of 7.9%[23] - The company's total equity increased to CNY 1,257,355,111.23 from CNY 1,254,923,831.19, a slight increase of 0.2%[23] - The total number of ordinary shareholders at the end of the reporting period was 12,247[15] - The largest shareholder, Ding Xiangpeng, holds 28.73% of the shares, totaling 52,865,280 shares[15] Future Outlook - Management indicated plans for market expansion and new product development in the upcoming quarters[22] - The company has no new borrowings this year, leading to a significant impact on cash flow metrics[13] - The company has not repaid any borrowings this year, resulting in a cash outflow of RMB 19,436,860.84 for debt repayment[13] - The company has a total of 39,648,960 shares under lock-up for management, which cannot be transferred within specified conditions[17]