Longi(SH:601012)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 28.32 billion, representing a 52.35% increase compared to CNY 18.60 billion in the same period last year[3]. - Net profit attributable to shareholders was CNY 3.64 billion, up 36.55% from CNY 2.66 billion year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 3.59 billion, reflecting a 35.68% increase from CNY 2.65 billion in the previous year[3]. - Basic earnings per share for the quarter were CNY 0.48, a 37.14% increase compared to CNY 0.35 in the same period last year[3]. - Total operating revenue for Q1 2023 reached ¥28,318,772,670.38, a significant increase from ¥18,587,391,831.53 in Q1 2022, representing a growth of approximately 52.5%[14]. - Net profit for Q1 2023 was ¥3,626,272,136.94, compared to ¥2,653,080,377.64 in Q1 2022, indicating a year-over-year increase of about 36.6%[16]. - The company's total revenue for Q1 2023 reached ¥14,697,500,677.70, a 26.4% increase from ¥11,635,981,295.20 in Q1 2022[24]. - Operating profit for Q1 2023 was ¥1,630,138,068.19, compared to ¥1,105,303,693.82 in Q1 2022, reflecting a growth of 47.4%[26]. - Net profit for Q1 2023 was ¥1,601,840,445.68, up from ¥1,029,623,905.13 in Q1 2022, indicating a year-over-year increase of 55.5%[26]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 143.87 billion, a 3.09% increase from CNY 139.56 billion at the end of the previous year[3]. - Shareholders' equity attributable to the parent company was CNY 65.82 billion, up 5.92% from CNY 62.15 billion at the end of the previous year[3]. - The total liabilities decreased slightly to ¥90.74 billion from ¥90.82 billion, showing a marginal decline of about 0.1%[11]. - The total liabilities as of Q1 2023 amounted to ¥77,951,654,734.90, up from ¥77,301,291,300.52 in the previous year, reflecting a growth of approximately 0.8%[13]. - The company's total assets amounted to ¥89,147,277,059.24, slightly down from ¥89,641,944,209.39 in the previous year[23]. - Non-current liabilities totaled ¥9,098,121,109.60, a slight increase from ¥9,052,781,364.41 in the previous year[23]. Cash Flow - The net cash flow from operating activities was negative CNY 3.33 billion, compared to negative CNY 309.18 million in the same period last year, indicating increased procurement payments[3][6]. - Cash inflow from operating activities for Q1 2023 totaled ¥22,573,909,167.70, compared to ¥15,697,869,601.39 in Q1 2022, reflecting an increase of 43.6%[19]. - Cash outflow from operating activities for Q1 2023 was ¥25,899,523,598.57, up from ¥16,007,045,556.07 in Q1 2022, resulting in a net cash flow from operating activities of -¥3,325,614,430.87[19]. - The company's cash and cash equivalents decreased to ¥48.33 billion from ¥54.37 billion, representing a decline of about 11.5%[10]. - The ending balance of cash and cash equivalents as of March 31, 2023, was ¥45,454,833,012.78, down from ¥32,535,729,168.72 at the end of Q1 2022[20]. - The total current assets as of March 31, 2023, were ¥46,492,804,861.82, compared to ¥50,801,534,683.17 at the end of Q1 2022, indicating a decrease of approximately 8.5%[21]. Investments and R&D - The company reported a total of ¥1,240,156,940.53 in investment income for Q1 2023, compared to ¥742,346,653.38 in Q1 2022, indicating an increase of approximately 67.3%[14]. - Research and development expenses for Q1 2023 were ¥444,001,717.78, up from ¥215,098,705.08 in Q1 2022, showing an increase of approximately 106.5%[14]. - Research and development expenses increased to ¥161,391,210.49 from ¥19,412,902.94, highlighting a focus on innovation[24]. - The company's long-term equity investments increased significantly to ¥11.24 billion from ¥9.70 billion, reflecting a growth of approximately 15.8%[11]. - Investment income for Q1 2023 was ¥1,457,979,999.69, significantly higher than ¥657,461,709.64 in Q1 2022, marking an increase of 121.2%[26]. Shareholder Information - The company reported a total of 769,737 common shareholders at the end of the reporting period, with the top 10 shareholders holding a combined 15.31% of shares[8]. - The company announced a change in the use of proceeds from the issuance of convertible bonds, with a total of ¥159.06 million in bonds being repurchased during the buyback period[9]. - The company's total equity attributable to shareholders reached ¥65,824,574,039.71 in Q1 2023, compared to ¥62,146,786,334.37 in Q1 2022, marking an increase of around 4.3%[13].