Yibin paper(SH:600793)2024-04-26 12:47Financial Performance - The company's operating revenue for Q1 2023 was ¥504,827,868.18, a decrease of 12.28% compared to the same period last year[3] - Net profit attributable to shareholders was ¥6,433,758.03, an increase of 51.10% year-on-year[3] - The net profit excluding non-recurring gains and losses reached ¥4,682,368.35, up 309.49% from the previous year[3] - Basic earnings per share were ¥0.0364, representing a 51.04% increase compared to the same period last year[3] - Total operating revenue for Q1 2023 was ¥504,827,868.18, a decrease of 12.25% compared to ¥575,495,820.33 in Q1 2022[14] - Net profit for Q1 2023 was ¥6,433,758.03, an increase of 51.3% compared to ¥4,257,961.94 in Q1 2022[15] - Total comprehensive income for Q1 2023 reached ¥6,433,758.03, a significant increase of 51.3% compared to ¥4,257,961.94 in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0364, up from ¥0.0241 in Q1 2022, representing a growth of 51.0%[16] Cash Flow and Liquidity - The net cash flow from operating activities was ¥56,074,119.80, reflecting a 22.39% increase[3] - Cash inflow from operating activities totaled ¥601,835,539.69 in Q1 2023, an increase of 23.1% from ¥488,992,822.42 in Q1 2022[17] - Cash outflow for purchasing goods and services was ¥488,045,321.04, which increased by 30.8% compared to ¥372,973,850.97 in Q1 2022[17] - Cash flow from investing activities showed a net outflow of ¥392,866.43, an improvement from a net outflow of ¥4,873,515.41 in Q1 2022[18] - Cash inflow from financing activities was ¥220,000,000.00, up 35.4% from ¥162,500,000.00 in Q1 2022[18] - Net cash flow from financing activities was -¥91,945,070.24, an improvement from -¥147,932,413.13 in the same quarter last year[18] - The ending cash and cash equivalents balance for Q1 2023 was ¥12,215,067.67, down from ¥20,020,296.45 at the end of Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,705,526,666.68, down 5.21% from the end of the previous year[4] - The company's total assets decreased to ¥2,705,526,666.68 in Q1 2023 from ¥2,854,289,984.10 in Q1 2022, a decline of 5.2%[13] - Total liabilities decreased to ¥2,041,069,532.07 in Q1 2023 from ¥2,196,372,237.27 in Q1 2022, a reduction of 7.06%[12] - Total liabilities amounted to ¥2,196,372,237.27, a slight decrease from ¥2,199,162,237.99, reflecting a change of ¥2,790,000.72[22] - The total assets and equity combined reached ¥2,854,289,984.10, compared to ¥2,857,185,614.57, showing a reduction of ¥2,895,630.47[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,360[7] - The top shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 44.87% of the shares[7] - The company's equity attributable to shareholders increased to ¥664,457,134.61 in Q1 2023 from ¥657,917,746.83 in Q1 2022, a growth of 0.82%[13] - Total equity attributable to shareholders was ¥657,917,746.83, down from ¥658,023,376.58, indicating a decrease of ¥105,629.75[22] Cost Management - Total operating costs for Q1 2023 were ¥500,660,162.80, down from ¥574,077,265.10 in Q1 2022, reflecting a reduction of 12.79%[14] - Research and development expenses for Q1 2023 were ¥161,394.73, significantly lower than ¥544,473.56 in Q1 2022, a decrease of 70.4%[14] - The company reported a decrease in sales expenses to ¥2,128,368.66 in Q1 2023 from ¥1,731,689.14 in Q1 2022, reflecting a strategic cost management approach[14] - The company plans to continue focusing on cost control and efficiency improvements in future quarters[15] Capital Structure - The company maintained a stable capital structure with no changes in preferred shares or perpetual bonds reported[22] - The capital reserve stood at ¥400,813,618.04, unchanged from the previous period[22] Reporting and Governance - The earnings report was officially announced by the board of directors on April 21, 2023[22]