SMHC(600131)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,322,586,676.82, representing a year-on-year increase of 10.36%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 72,103,276.08, reflecting a significant increase of 46.93% compared to the same period last year[4] - The basic earnings per share for Q1 2023 was CNY 0.06, which is a 50.00% increase year-on-year[4] - The company reported an increase in both revenue scale and non-operating income as key factors for the rise in net profit[7] - The net profit for Q1 2023 was 72,103,276.08, an increase of 46.9% compared to 49,072,086.90 in Q1 2022[18] - Basic and diluted earnings per share for Q1 2023 were both 0.06, up from 0.04 in Q1 2022, representing a 50% increase[19] - The total comprehensive income attributable to the parent company was 72,103,276.08, compared to 49,072,086.90 in the previous year, marking a 46.9% increase[19] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 11,992,656,560.01, showing a slight decrease of 0.33% from the end of the previous year[5] - The equity attributable to shareholders increased to CNY 5,806,183,369.04, marking a year-on-year growth of 1.26%[5] - Total assets decreased slightly to ¥11,992,656,560.01 as of March 31, 2023, from ¥12,032,302,652.52 at the end of 2022[14] - Total liabilities decreased to ¥6,185,889,214.56 in Q1 2023, down from ¥6,297,638,583.15 at the end of 2022, a reduction of 1.8%[15] - The company's equity attributable to shareholders increased to ¥5,806,183,369.04 as of March 31, 2023, compared to ¥5,734,080,092.96 at the end of 2022, an increase of 1.3%[16] Cash Flow - The net cash flow from operating activities for Q1 2023 was negative at CNY -613,895,756.25, indicating a significant cash outflow[4] - Cash inflow from operating activities totaled 1,224,267,900.50, compared to 1,183,757,407.99 in Q1 2022, reflecting a growth of 3.4%[20] - Cash outflow from operating activities was 1,838,163,656.75, slightly higher than 1,813,188,347.46 in Q1 2022, resulting in a net cash flow from operating activities of -613,895,756.25[20] - Investment activities resulted in a net cash outflow of -21,624,857.91, compared to -57,181,751.40 in Q1 2022, indicating a reduction in cash outflow by 62%[21] - Cash inflow from financing activities was 22,944,735.24, down from 55,066,520.60 in Q1 2022, a decrease of 58.3%[21] - The net cash flow from financing activities was -53,203,034.02, contrasting with a positive cash flow of 33,160,716.12 in Q1 2022[21] - The ending cash and cash equivalents balance was 1,457,059,260.08, down from 1,578,090,965.96 at the end of Q1 2022[21] Expenses - Total operating costs for Q1 2023 were ¥1,278,592,656.89, up from ¥1,172,078,288.80 in Q1 2022, reflecting a year-over-year increase of 9.1%[17] - Research and development expenses increased to ¥59,388,062.25 in Q1 2023, compared to ¥43,646,807.17 in Q1 2022, marking a growth of 36%[17] - The company reported a net credit impairment loss of ¥12,743,216.51 in Q1 2023, compared to a gain of ¥4,718,216.33 in Q1 2022[17] - The company reported a tax expense of 5,832,478.99 for Q1 2023, slightly lower than 5,932,854.84 in Q1 2022[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,481[8] - The company's cash and cash equivalents decreased to ¥1,613,001,929.20 as of March 31, 2023, down from ¥2,324,670,312.62 at the end of 2022, a decline of 30.5%[13] - Inventory levels rose significantly to ¥451,476,066.53 in Q1 2023, compared to ¥190,692,138.85 in Q1 2022, representing an increase of 136.5%[13] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]