Revenue and Profitability - Revenue for Q1 2023 was CNY 1,122,168,665.84, a decrease of 44.11% compared to CNY 2,007,801,117.57 in the same period last year[5] - Net profit attributable to shareholders was CNY 130,359,681.64, down 54.70% from CNY 287,767,995.34 year-over-year[5] - Basic and diluted earnings per share were both CNY 0.18, a decline of 65.38% from CNY 0.52 in the previous year[5] - Operating revenue decreased by 44.11% to approximately CNY 1.12 billion, mainly due to a decline in product prices[34] - Net profit for the current period is 143,493,068.47, a decline of 55% from 318,543,283.38 in the previous period[43] - Earnings per share for the current period is 0.18, compared to 0.52 in the previous period[43] Cash Flow - Net cash flow from operating activities increased by 178.32% to CNY 450,374,067.83, compared to CNY 161,818,941.57 in the same period last year[5] - The net cash flow from operating activities was CNY 450,374,067.83, a significant increase from CNY 161,818,941.57 in the previous period, reflecting a growth of approximately 177%[47] - Total cash inflow from operating activities was CNY 1,525,229,385.61, compared to CNY 1,187,260,694.59, marking an increase of approximately 28.5%[47] - Cash inflow from investment activities totaled CNY 1,721,649,784.63, compared to CNY 205,481,083.53 in the prior period, indicating a substantial increase[47] - The net cash flow from investment activities was CNY 1,061,005,613.22, a turnaround from a negative cash flow of CNY -179,068,738.02 previously, showcasing a strong recovery[47] - Cash outflow for purchasing fixed assets and intangible assets was CNY 132,844,171.41, up from CNY 30,549,821.55, indicating increased investment in long-term assets[47] - The total cash outflow from investment activities was CNY 660,644,171.41, compared to CNY 384,549,821.55, reflecting increased capital expenditures[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,222,816,192.70, a slight increase of 0.18% from CNY 10,204,213,083.19 at the end of the previous year[5] - Total liabilities amount to 3,054,878,488.60, a decrease from 3,187,983,451.23 in the previous period[41] - Total liabilities decreased by 31.12% in accounts payable to approximately CNY 829.27 million, due to a decline in raw material prices[34] - Trade receivables decreased by 40.59% to approximately CNY 24.27 million, influenced by changes in product pricing and customer settlement methods[34] - Total equity is 7,167,937,704.10, an increase from 7,016,229,631.96 in the previous period[41] Shareholder Information - The company’s major shareholder, Jiangsu Guotai International Group Co., Ltd., holds 68.18% of the shares[36] - Shareholders' equity attributable to the parent company rose by 2.05% to CNY 6,876,640,879.41 from CNY 6,738,663,405.32 at the end of the previous year[5] Expenses and Financial Performance - Total operating costs for the current period are 947,781,662.59, down 42% from 1,623,821,301.45 in the previous period[42] - Financial expenses increased by 777.97% to approximately CNY 7.04 million, mainly due to increased foreign exchange losses[34] - The company reported a 201.83% increase in taxes and surcharges to approximately CNY 10.25 million, due to higher payments for land use tax and urban maintenance[34] - Research and development expenses for the current period are 27,182,961.26, down from 32,252,638.57 in the previous period[42] - Tax expenses for the current period are 30,591,536.90, a decrease from 70,923,290.71 in the previous period[43] Other Financial Metrics - The company reported a weighted average return on equity of 1.91%, down from 10.67% in the same period last year[5] - Other comprehensive income after tax for the current period is 2,872,737.78, compared to -9,681,317.52 in the previous period[43] - The company reported a government subsidy of CNY 757,097.25, contributing positively to the financial results[50] - The company recorded a loss of CNY 186,587.86 from the disposal of non-current assets, impacting overall profitability[50] Audit Information - The company has not undergone an audit for the first quarter report[46]
瑞泰新材(301238) - 2023 Q1 - 季度财报