新强联(300850) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥506,027,928.80, a decrease of 21.41% compared to ¥643,882,745.52 in the same period last year[22]. - Net profit attributable to shareholders for Q1 2023 was ¥44,330,604.65, down 54.63% from ¥97,704,372.28 year-on-year[22]. - The total profit for the current period is approximately ¥52.47 million, compared to ¥114.44 million in the previous period, reflecting a decrease of about 54%[48]. - The net profit attributable to the parent company is approximately ¥44.33 million, down from ¥97.70 million, indicating a decline of around 55%[48]. - The basic earnings per share for the current period is ¥0.13, compared to ¥0.30 in the previous period, representing a decrease of approximately 57%[48]. - Operating profit for the quarter was CNY 52,456,495.45, down from CNY 114,947,679.20 year-over-year[46]. Cash Flow - The net cash flow from operating activities was -¥71,740,494.44, representing a decline of 286.87% compared to ¥38,390,666.33 in the previous year[22]. - Cash inflows from operating activities totaled approximately ¥549.38 million, an increase from ¥397.53 million in the previous period, marking a growth of about 38%[55]. - Cash outflows from operating activities increased to approximately ¥621.12 million from ¥359.14 million, resulting in a net cash flow from operating activities of approximately -¥71.74 million, compared to ¥38.39 million previously[55]. - The net cash flow from financing activities for the current period is approximately ¥270.34 million, compared to ¥153.18 million in the previous period, indicating an increase of around 76%[56]. Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥9,562,217,761.44, an increase of 4.17% from ¥9,179,868,799.83 at the end of the previous year[22]. - Total liabilities increased to CNY 5,560,219,706.50 from CNY 5,224,956,754.71, representing a growth of 6.4%[43]. - The company's total liabilities increased significantly, with current liabilities reaching CNY 35,702,742.95, a 1893.22% increase due to the rise in long-term borrowings due within one year[37]. - Non-current liabilities rose to CNY 2,130,461,046.97 from CNY 1,805,862,782.28, an increase of 18.0%[43]. Inventory and Receivables - The company's inventory increased by 70.81% to ¥1,304,907,137.19, primarily due to increased raw material purchases[24]. - Accounts receivable rose to CNY 1,082,337,157.36 from CNY 999,991,787.86, reflecting an increase of 8.2%[41]. - The company's receivables financing decreased by 55.97% to ¥235,658,516.39, mainly due to a reduction in bank acceptance bills[24]. Expenses - The company's management expenses increased by 42.42%, reaching CNY 16,595,229.06, attributed to higher employee compensation and audit consulting fees[37]. - Research and development expenses increased to CNY 31,407,457.37, compared to CNY 28,698,935.17 in the previous year, indicating a growth of 9.4%[46]. - The company reported a significant increase in long-term borrowings, rising to CNY 344,423,833.33, a 1402.47% increase compared to the previous period[37]. - The company experienced a 45.32% decrease in financial expenses, amounting to CNY 14,207,461.61, due to the cessation of interest accrual on a subsidiary's financing[37]. Other Income and Gains - The total amount of non-current asset disposal gains was CNY 779,788.43, which includes government subsidies closely related to the company's normal operations[36]. - The company reported a 55.26% decrease in other income, totaling CNY 1,002,086.91, mainly due to a reduction in government subsidies[37]. - The investment income decreased by 75.93%, amounting to CNY 1,176,094.00, primarily due to reduced financial management income[37].