qscc(600425)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 620,082,960.02, representing a year-on-year increase of 21.33%[5] - The net profit attributable to shareholders was CNY 7,082,993.75, showing a significant increase of 181.57% compared to the same period last year[5] - The basic earnings per share (EPS) for the quarter was CNY 0.0046, reflecting a growth of 131.56% year-on-year[5] - The net profit for Q1 2023 was CNY 8,304,335.31, a significant increase from CNY 2,293,782.56 in Q1 2022, representing a growth of approximately 263.5%[20] - The total revenue from sales of goods and services reached CNY 581,015,670.95, compared to CNY 434,214,771.45 in the same period last year, marking an increase of about 33.8%[22] - The operating profit for Q1 2023 was CNY 11,555,272.44, up from CNY 3,999,095.26 in Q1 2022, reflecting a growth of approximately 189.4%[20] - The company reported a total comprehensive income of CNY 8,304,335.31 for Q1 2023, compared to CNY 2,293,782.56 in Q1 2022, indicating a growth of approximately 263.5%[21] - The basic and diluted earnings per share for Q1 2023 were CNY 0.0046, up from CNY 0.002 in Q1 2022, representing a 130% increase[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -39,076,427.47, but improved by 68.69% compared to the previous year[5] - The cash flow from operating activities showed a net outflow of CNY -39,076,427.47, an improvement from CNY -124,821,187.62 in Q1 2022[23] - The total operating cash inflow for Q1 2023 was CNY 703,752,966.17, compared to CNY 497,898,197.87 in Q1 2022, reflecting an increase of approximately 41.4%[23] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 1,183,323,194.44, compared to RMB 1,027,321,349.63 at the end of December 2022, indicating a 15.2% increase[14] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,152,308,162.65, compared to CNY 1,131,611,226.39 at the end of Q1 2022, showing a slight increase[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 8,959,933,275.61, an increase of 0.94% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 8,959,933,275.61, compared to RMB 8,876,737,301.00 at the end of 2022, showing a growth of 0.9%[17] - Total liabilities decreased to RMB 2,806,367,219.48 in Q1 2023 from RMB 3,390,304,050.93 in Q1 2022, a reduction of 17.2%[17] - The equity attributable to shareholders increased by 12.87% to CNY 5,939,624,902.04 compared to the end of the previous year[6] - Shareholders' equity increased to RMB 6,153,566,056.13 in Q1 2023 from RMB 5,486,433,250.07 in Q1 2022, reflecting a growth of 12.2%[17] Government Support and Financing - The company received government subsidies amounting to CNY 2,247,614.37, which are closely related to its normal business operations[7] - The company implemented a non-public stock issuance plan during the reporting period, raising CNY 680 million[8] - The company raised CNY 668,759,999.22 through financing activities in Q1 2023, compared to CNY 165,000,000.00 in Q1 2022, indicating a significant increase in financing[24] Operational Insights - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[12] - The company has engaged in securities lending activities, indicating a strategic move to optimize asset utilization[12] Cost Management - Total operating costs for Q1 2023 were RMB 615,522,704.46, up from RMB 499,379,165.13 in Q1 2022, reflecting a growth of 23.3%[19] - The company incurred financial expenses of CNY 11,233,622.57 in Q1 2023, down from CNY 19,801,263.65 in Q1 2022, indicating a reduction of approximately 43.7%[20] Inventory and Receivables - Accounts receivable increased to RMB 257,397,966.99 in Q1 2023 from RMB 225,338,935.18 in Q1 2022, representing a growth of 14.2%[15] - Inventory decreased slightly to RMB 850,354,478.89 in Q1 2023 from RMB 870,920,186.45 in Q1 2022, a decline of 2.4%[15]