Shandong Jinjing Science & Technology Stock (600586)2023-04-27 16:00Financial Performance - The total operating revenue for Q1 2023 was CNY 1,904,228,417.80, an increase of 6.84% compared to CNY 1,782,154,387.10 in Q1 2022[8] - The total operating costs for Q1 2023 were CNY 1,785,934,507.49, up from CNY 1,619,210,389.24 in Q1 2022, reflecting a year-over-year increase of 10.28%[8] - Net profit for Q1 2023 was CNY 88,948,812.94, a decrease of 38.83% from CNY 145,446,394.74 in Q1 2022[10] - Basic earnings per share for Q1 2023 were CNY 0.0615, down from CNY 0.1016 in Q1 2022, representing a decline of 39.56%[10] - The company reported a decrease in comprehensive income for Q1 2023 to CNY 70,617,293.89, compared to CNY 137,170,881.35 in Q1 2022, a drop of 48.66%[10] - The net profit attributable to shareholders of the listed company was CNY 87,864,757.71, a decrease of 39.47% compared to the same period last year[40] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 84,381,473.58, down 41.19% year-over-year[40] - Basic earnings per share (EPS) decreased by 39.47% to CNY 0.0615[43] - Diluted earnings per share (EPS) also decreased by 39.47% to CNY 0.0615[43] - Weighted average return on equity (ROE) declined by 0.99 percentage points to 1.62%[43] Research and Development - The R&D expenses in Q1 2023 amounted to CNY 38,926,681.65, significantly higher than CNY 18,500,667.66 in Q1 2022, indicating a 110.00% increase[8] - The company reported a significant increase in R&D expenses by 110.41%, indicating a focus on innovation and development[20] Cash Flow and Liquidity - Cash inflow from operating activities for Q1 2023 was approximately 1.36 billion in Q1 2022[14] - Net cash flow from operating activities was 366.79 million in the same period last year, reflecting a growth of 8.8%[14] - The net cash flow generated from operating activities was CNY 399,229,015.40, reflecting an increase of 8.85% compared to the previous year[40] - Cash and cash equivalents at the end of Q1 2023 totaled 606.92 million at the end of Q1 2022, representing a growth of 41.5%[15] - The company's cash and cash equivalents were CNY 2,050,568,902.56, down from CNY 2,185,938,407.14 at the end of 2022[31] Assets and Liabilities - The total liabilities as of Q1 2023 were CNY 5,950,002,287.65, slightly down from CNY 6,026,323,608.58 in the previous year[5] - The total equity attributable to shareholders of the parent company increased to CNY 5,447,908,647.65 from CNY 5,378,375,373.47, marking a growth of 1.29%[5] - As of March 31, 2023, total current assets amounted to CNY 4,149,660,295.15, a slight decrease from CNY 4,211,075,171.00 at the end of 2022[34] - Total non-current assets increased to CNY 7,305,687,501.02 from CNY 7,249,975,238.02 at the end of 2022[34] - The total assets of the company as of March 31, 2023, were CNY 11,455,347,796.17, a minor decrease from CNY 11,461,050,409.02 at the end of 2022[34] - The company's short-term borrowings stood at CNY 1,631,193,787.41, slightly up from CNY 1,618,962,498.36 at the end of 2022[34] - Accounts receivable increased to CNY 426,448,354.83 from CNY 351,827,965.95 at the end of 2022, indicating a growth of approximately 21.2%[31] - Long-term borrowings rose by 38.49%, reflecting increased project financing needs[20] Government Subsidies and Other Income - Other income increased by 389.93%, largely due to an increase in government subsidies received during the period[20] - The company reported a government subsidy of CNY 1,989,597.07 related to normal business operations[43] - The company recorded a non-operating income of CNY 1,231,326.85 from other sources[46] Shareholder Information - The number of common shareholders at the end of the reporting period was 110,635[48] - The largest shareholder, Shandong Jinjing Energy-saving Glass Co., Ltd., holds 32.03% of shares, totaling 457,635,278 shares[48] Future Outlook - Future outlook and strategic initiatives were not explicitly mentioned in the provided content, suggesting a potential area for further inquiry in upcoming reports[9]