HUATIE(SH:603300)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥843,489,056.95, representing a year-on-year increase of 31.21%[5] - The net profit attributable to shareholders for the same period was ¥140,338,147.73, reflecting a growth of 30.85% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥128,816,143.45, which is an increase of 32.15% year-on-year[5] - The net profit for the first quarter of 2023 was ¥144,030,878.56, a rise of 21.1% from ¥118,910,380.42 in the same period last year[40] - Basic earnings per share for Q1 2023 were RMB 0.10, representing a 12.36% increase compared to the previous period[31] - Earnings per share (EPS) for the first quarter was ¥0.10, compared to ¥0.09 in the first quarter of 2022[42] - The company reported a net profit attributable to shareholders of 30.85% growth, driven by the expansion of the aerial work platform segment and previous acquisitions[53] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥326,937,725.92, marking a 31.57% increase from the same period last year[5] - The company's operating cash flow for the first quarter was 326,937,725.92, an increase of 31.6% compared to 248,489,287.04 in the previous year[50] - The net cash flow from financing activities was -261,841,247.27, worsening from -123,139,641.48 in the same period last year[44] - The cash inflow from operating activities totaled 878,458,656.74, up from 730,184,953.37 in the previous year[50] - The cash and cash equivalents at the end of the period were 86,877,417.79, down from 97,526,051.55 a year ago[44] - The company reported a decrease in cash and cash equivalents by 33.60%, primarily due to increased payments for financing lease[12] Expenses and Costs - Total operating costs for Q1 2023 were RMB 699,594,599.48, up 29.6% from RMB 539,434,541.59 in Q1 2022[26] - Research and development expenses increased to RMB 17,126,018.03 in Q1 2023, compared to RMB 9,960,817.32 in Q1 2022, reflecting a 71.5% rise[26] - The company reported a financial expense of RMB 98,229,510.27 in Q1 2023, compared to RMB 62,024,621.46 in Q1 2022, marking a significant increase[26] - Interest expenses rose to ¥93,740,363.60, compared to ¥67,284,106.98 in the previous year, indicating a significant increase of 39.4%[40] - Sales expenses rose by 43.34%, attributed to the company's ongoing expansion and increased personnel costs[53] Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 14,826,987,992.53, a 2.88% increase from RMB 14,412,389,624.74 at the end of the previous year[31] - Total liabilities increased to ¥10,000,236,028.61, up from ¥9,732,120,524.35, representing a growth of approximately 2.8% year-over-year[36] - Current liabilities totaled ¥4,920,653,178.45, an increase of 10.9% compared to ¥4,435,024,731.61 in the previous year[36] - The company's long-term borrowings decreased to ¥324,700,000.00 from ¥364,700,000.00, a decline of 11.0%[36] - The company's contract liabilities increased to ¥66,812,894.51 from ¥61,283,873.04, representing an increase of 9.1%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,174[15] - Shareholder equity attributable to the parent company increased to RMB 4,729,805,799.67, up 3.34% from RMB 4,576,721,334.83[31] - The total equity attributable to shareholders increased to ¥4,729,805,799.67, up from ¥4,576,721,334.83, marking a growth of 3.3%[37] Operational Highlights - Accounts receivable financing increased by 88.69%, mainly due to the rise in bank acceptance bills received during the period[12] - Prepayments surged by 90.15%, attributed to the expansion of the company's scale and increased storage costs[12] - The construction in progress rose by 30.79%, mainly due to the increase in aluminum templates under processing[12] - The number of aerial work platforms in operation exceeded 89,000, generating revenue of 5.9 billion, a remarkable 95.19% increase year-over-year[53]