上海钢联(300226) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 17,510,118,786.83, representing a 12.72% increase compared to CNY 15,533,692,746.32 in the same period last year[5] - Net profit attributable to shareholders was CNY 54,638,740.20, a 41.01% increase from CNY 38,746,803.18 year-on-year[5] - The company's net profit margin improved, with net profit attributable to shareholders increasing to ¥722,179,365.86 from ¥667,540,625.66, representing an increase of approximately 8.19%[22] - The net profit for Q1 2023 was CNY 100,715,493.30, an increase of 32.4% compared to CNY 76,003,801.01 in Q1 2022[25] - The operating profit for the quarter was CNY 126,749,557.46, up from CNY 101,388,665.99 in the same period last year, reflecting a growth of 25.0%[25] - The company reported a total comprehensive income of CNY 100,629,374.68, compared to CNY 75,985,995.68 in Q1 2022, marking an increase of 32.5%[26] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -227,183,346.78, worsening by 188.46% compared to CNY -78,756,041.91 in the previous year[5] - Cash and cash equivalents decreased to ¥1,911,560,326.58 from ¥2,335,648,462.98, a decline of 18.14%[20] - The cash and cash equivalents at the end of the period were CNY 97,961,593.18, down from CNY 237,172,118.88 at the end of Q1 2022[28] - The company's total assets increased by 21.33% to CNY 16,801,653,776.51 from CNY 13,848,176,289.54 at the end of the previous year[5] - Current liabilities rose to ¥12,672,111,346.72 from ¥9,845,355,943.92, an increase of 28.00%[21] - Total assets increased to ¥16,801,653,776.51 from ¥13,848,176,289.54, reflecting a growth of 21.06%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,449[15] - The largest shareholder, Shanghai Xingye Investment Development Co., Ltd., holds 25.12% of shares, totaling 67,375,969 shares[15] - The second largest shareholder, Industrial and Commercial Bank of China, holds 12,700,000 shares[15] - The company has a total of 88,172.9 thousand restricted stock units that became tradable on February 24, 2023[18] - The number of shares held by the top ten unrestricted shareholders includes 67,375,969 shares from Shanghai Xingye Investment Development Co., Ltd. and 12,700,000 shares from Industrial and Commercial Bank of China[16] - The company reported a total of 9,331,591 shares held by executive Zhu Junhong, which are locked due to management restrictions[17] - The company has a total of 384,301 shares under management lock-up conditions for various executives[17] - The company is actively managing its shareholder structure, with significant holdings by various investment funds and banks[16] Revenue Sources and Growth - The revenue from industrial data services reached CNY 18,934,800, representing a 24.87% increase year-on-year[8] - The trading volume on the Steel Silver platform was 1,087,270 tons, a 6.16% increase compared to the previous year[9] - Total revenue for the first quarter reached ¥17,510,118,786.83, an increase of 12.74% compared to ¥15,533,692,746.32 in the previous year[24] - Total operating costs amounted to ¥17,438,322,327.06, up from ¥15,452,594,600.87, reflecting a year-over-year increase of 12.83%[24] - Total revenue from sales and services received was CNY 52,959,620,522.59, down 8.5% from CNY 57,739,956,672.51 in the previous year[26] Other Income and Expenses - The company received government subsidies amounting to CNY 49,945,148.74, significantly contributing to its other income[6] - The company reported a significant increase in other income, which rose by 1030.18% to CNY 50,863,963.70 compared to CNY 4,500,536.42 in the previous year[13] - Research and development expenses for the quarter were ¥28,048,279.80, compared to ¥26,630,289.47 in the previous year, indicating a year-over-year increase of 5.32%[24] - The company experienced a foreign exchange loss of CNY 497,767.80 during the quarter[28] Inventory and Liabilities - Inventory increased by 93.98% to CNY 2,642,307,090.72 due to the growth in supply chain business[11] - Accounts receivable decreased to ¥2,140,311,897.74 from ¥2,766,777,056.15, a reduction of 22.63%[20] - The company reported a significant increase in contract liabilities, which surged to ¥6,439,535,278.19 from ¥4,023,674,467.44, an increase of 60.00%[21] Market Activity - The company has not reported any new product launches or technological advancements in this quarter[18] - There are no indications of market expansion or mergers and acquisitions in the current reporting period[18]