中钨高新(000657) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,966,775,863.67, a decrease of 2.95% compared to ¥3,056,863,359.74 in the same period last year[4] - Net profit attributable to shareholders was ¥63,853,250.83, down 35.97% from ¥99,730,022.76 year-on-year[4] - The basic earnings per share decreased to ¥0.05, down from ¥0.07, reflecting a decline of ¥0.02 per share[4] - Total profit decreased by 33.9% year-on-year, primarily due to rising raw material prices and increased production costs[43] - Net profit for Q1 2023 was ¥80,259,361.07, a decrease of 33.73% compared to ¥121,043,443.86 in Q1 2022[57] - Operating profit decreased to ¥83,421,093.51 from ¥137,456,076.79, reflecting a decline of 39.4% year-over-year[57] Cash Flow - The net cash flow from operating activities was -¥546,010,553.46, indicating a worsening cash flow situation compared to -¥359,199,850.30 in the previous year[4] - Operating cash inflow for the current period was ¥1,827,306,624.13, a decrease of 4.4% from ¥1,911,935,770.96 in the previous period[60] - Operating cash outflow for the current period was ¥2,373,317,177.59, an increase of 4.5% from ¥2,271,135,621.26 in the previous period[60] - The company reported a significant decline in net cash flow from operating activities, indicating potential challenges in cash management[60] Assets and Liabilities - Total assets increased to CNY 13,219,400,303.76 from CNY 12,975,352,237.82, indicating growth in the company's asset base[35] - Total liabilities increased to ¥6,626,254,947.20 from ¥6,474,115,569.66, marking a rise of approximately 2.35%[53] - The total non-current assets amounted to ¥4,777,681,584.65, down from ¥4,822,926,357.00, a decrease of about 0.93%[52] Expenses - Financial expenses rose by 40.4% year-on-year, mainly due to exchange rate fluctuations, with a net loss of ¥1.93 million this period compared to a net gain of ¥6.99 million in the same period last year[7] - Research and development expenses rose to ¥111,051,361.16, an increase of 15.1% from ¥96,399,475.33 in the previous year[57] - The company reported a decrease in sales expenses to ¥87,928,053.86 from ¥106,366,686.63, a reduction of about 17.2% year-over-year[57] Equity and Shareholder Information - The company's equity attributable to shareholders increased to CNY 5,846,497,626.25 from CNY 5,771,503,251.05, reflecting retained earnings growth[35] - The total equity attributable to shareholders decreased to ¥6,593,145,356.56 from ¥6,501,236,668.16, a decline of approximately 1.4%[53] Other Financial Metrics - The weighted average return on equity was 1.10%, down 0.73 percentage points from 1.83% in the previous year[5] - Accounts receivable increased by 41.0% compared to the beginning of the period, primarily due to cyclical changes in credit policy[7] - Cash received from tax refunds increased to ¥46,345,922.10, up from ¥39,650,200.85, representing an increase of 16.9%[60] - Cash received from other operating activities was ¥51,009,552.72, an increase of 6.9% from ¥47,675,334.42 in the previous period[60] Acquisition Plans - The company plans to acquire 100% equity of Hunan Shizhu Garden Nonferrous Metals Co., Ltd. through a combination of stock issuance and cash payment[48] Audit Status - The report is unaudited, which may affect the reliability of the financial data presented[63]