宝丽迪(300905) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥184,687,318.91, a decrease of 2.98% compared to ¥190,355,302.21 in the same period last year[5] - Net profit attributable to shareholders was ¥12,907,980.85, down 33.77% from ¥19,488,369.92 year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥6,842,471.85, reflecting a significant decline of 59.48% from ¥16,887,677.66 in the previous year[5] - Operating profit for Q1 2023 was CNY 15,955,574.80, down 32.9% from CNY 23,701,114.08 in the same period last year[23] - Basic earnings per share for Q1 2023 were CNY 0.0896, down from CNY 0.1353 in the same period last year, representing a decline of 33.8%[24] Cash Flow - Operating cash flow improved to ¥22,149,061.82, a substantial increase of 141.54% compared to a negative cash flow of -¥53,317,504.41 in the same quarter last year[5] - The company reported a net cash flow from operating activities of CNY 22,149,061.82, a significant improvement from a negative cash flow of CNY 53,317,504.41 in the previous year[25] - The cash inflow from financing activities was 4,645,800.00 CNY, while cash outflow was 3,994,775.00 CNY, resulting in a net cash flow of 651,025.00 CNY from financing activities[27] - The net increase in cash and cash equivalents was -35,878,623.56 CNY, reflecting a significant decline compared to -178,105,886.52 CNY in the previous period[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,461,429,590.99, representing a 2.21% increase from ¥1,429,778,130.92 at the end of the previous year[5] - The company's total liabilities increased, with accounts payable rising by 42.63% to ¥50,190,000.00 from ¥35,190,000.00[10] - Total liabilities rose to CNY 153,343,827.51, an increase of 14.4% from CNY 134,068,602.42 in the previous year[20] - The total current liabilities increased to RMB 150,271,581.01 from RMB 130,690,748.56 at the beginning of the year[19] Research and Development - Research and development expenses rose to ¥7,498,814.41, an increase of 53.99% compared to ¥4,869,712.18 in the previous year, due to increased investment in the newly established research institute[11] - Research and development expenses increased to CNY 7,498,814.41, up 54.2% from CNY 4,869,712.18 in Q1 2022, indicating a focus on innovation[22] Government Support - The company received government subsidies amounting to ¥7,475,335.05, which is an increase of 118.15% from ¥3,426,678.55 in the previous year[11] - The company achieved other income of CNY 7,475,335.05, an increase of 118.5% compared to CNY 3,426,678.55 in Q1 2022[22] Operational Insights - The company's revenue for Q1 2023 remained stable compared to the same period last year, while net profit decreased due to significant increases in fixed asset depreciation, with depreciation expenses rising by RMB 8.2093 million[16] - In March 2023, the company's production capacity reached 80% utilization, leading to a noticeable increase in revenue and gross profit compared to February 2023[16] - The company plans to optimize operational management, enrich product structure, and enhance service quality to explore new application domains for color masterbatches[16] - The company aims to gradually release new plant capacity to mitigate the cost impact of increased depreciation, thereby improving profitability[16] - The company is actively seeking new market opportunities to ensure sustainable development and breakthroughs in its existing business scale[16] Inventory and Receivables - Accounts receivable increased to RMB 106,242,802.93 from RMB 81,120,041.90 at the beginning of the year, indicating a rise in sales activity[18] - Inventory levels rose slightly to RMB 129,303,113.40 from RMB 124,002,056.11 at the beginning of the year[18] Cash Management - The cash flow from investment activities was -¥58,558,792.12, a decrease of 53.05% compared to -¥124,733,263.39 in the same period last year, due to reduced cash management activities[13] - The net cash flow from investment activities was -58,558,792.12 CNY, compared to -124,733,263.39 CNY in the previous period, indicating a decrease in cash outflow[27] - The total cash and cash equivalents at the end of the period were 61,279,370.60 CNY, down from 97,157,994.16 CNY at the beginning of the period[27] Miscellaneous - The report for the first quarter was not audited[28] - The company did not receive any cash from the disposal of subsidiaries or other operating units[27] - The company reported no cash received from minority shareholders' investments[27] - Deferred income tax liabilities remained unchanged, indicating stability in tax planning strategies[20] - The impact of exchange rate changes on cash and cash equivalents was -119,918.26 CNY[27]