Seazen(SH:601155)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 16,252,116,407, a decrease of 12.99% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 658,455,089, representing an increase of 29.31% year-on-year[4] - Basic earnings per share for the period was RMB 0.29, an increase of 26.09% year-on-year[4] - Net profit for Q1 2023 reached CNY 698,579,978, an increase of 24.1% from CNY 562,963,283 in Q1 2022[18] - Earnings per share for Q1 2023 were CNY 0.29, compared to CNY 0.23 in Q1 2022, reflecting a growth of 26.1%[18] - The company’s net profit for Q1 2023 was CNY 2.10 billion, a slight increase from CNY 2.02 billion in Q1 2022, indicating stable profitability[19] - The total comprehensive income for Q1 2023 was CNY 247,454,096, compared to a total comprehensive loss of CNY -171,691,171 in Q1 2022[26] Cash Flow and Investments - The net cash flow from operating activities was RMB 2,095,696,316, showing a growth of 3.87% compared to the previous year[4] - In Q1 2023, the company's cash inflow from operating activities was CNY 17.23 billion, a decrease of 38.2% compared to CNY 27.85 billion in Q1 2022[19] - The net cash outflow from investing activities was CNY 1.71 billion, a significant improvement from a net outflow of CNY 1.35 billion in the same period last year[20] - The company reported a net cash outflow from financing activities of CNY 2.38 billion, compared to a net outflow of CNY 9.89 billion in Q1 2022, indicating improved cash management[20] - The cash inflow from investment activities in Q1 2023 was CNY 3,281,303,721, a decrease from CNY 29,315,087,423 in Q1 2022[30] - The company received CNY 1,185,862,000 from investment recoveries in Q1 2023, a decrease from CNY 3,342,000,000 in Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 453,884,003,791, a decrease of 0.88% from the end of the previous year[5] - The company's total assets amounted to RMB 453,884,003,791, a decrease from RMB 457,907,014,950 at the end of 2022, reflecting a decline of approximately 0.5%[13][14] - Total liabilities as of Q1 2023 amounted to CNY 363,935,296,471, a slight decrease from CNY 368,446,103,880 in the previous year[15] - The company's total liabilities decreased to CNY 81.47 billion from CNY 82.13 billion at the end of 2022, reflecting a reduction in financial obligations[23] - The total current liabilities decreased to RMB 304,748,891,414 from RMB 314,466,696,615, indicating a reduction of about 3.1%[14] Shareholder Equity - The equity attributable to shareholders increased to RMB 60,490,700,374, reflecting a growth of 1.70% compared to the previous year[5] - Total equity attributable to shareholders reached CNY 60,490,700,374, up from CNY 59,481,286,513 in Q1 2022, indicating a growth of 1.7%[15] - The company’s total equity increased to CNY 12.05 billion from CNY 11.80 billion at the end of 2022, showing growth in shareholder value[23] Expenses and Costs - Total operating costs for Q1 2023 were CNY 15,724,905,251, down 12.3% from CNY 17,938,412,934 in Q1 2022[17] - Research and development expenses for Q1 2023 were CNY 4,049,821, a significant decrease of 41.1% from CNY 6,850,782 in Q1 2022[17] - The company reported a financial expense of CNY 229,104,627 in Q1 2023, down from CNY 365,736,814 in Q1 2022, reflecting improved cost management[25] - The company reported a decrease in sales expenses to CNY 1,665 in Q1 2023 from CNY 50,983 in Q1 2022, indicating a significant reduction in sales-related costs[25] Asset Management - The company's inventory was reported at RMB 200,946,552,654, down from RMB 204,364,670,864, representing a decrease of approximately 1.9%[13][14] - The company's accounts receivable increased slightly to RMB 507,271,410 from RMB 505,137,288, showing a marginal growth of about 0.4%[13] - The company's long-term equity investments decreased to RMB 24,895,907,681 from RMB 25,148,677,642, reflecting a decline of approximately 1%[13][14] - The company's total non-current assets increased slightly to RMB 155,319,885,955 from RMB 154,824,238,536, indicating a growth of about 0.3%[14] - The company's short-term borrowings decreased to RMB 1,533,875,646 from RMB 1,665,583,060, representing a reduction of approximately 7.9%[14] Corporate Actions - The company has approved a plan to issue A-shares to specific investors in 2023, extending the authorization period for the issuance by 12 months until March 25, 2023[12] - The company terminated its 2016 non-public stock issuance plan, deciding not to submit registration documents to the stock exchange[12]