Sanmei(603379)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 777,604,061.17, a decrease of 34.12% compared to the same period last year[4] - The net profit attributable to shareholders was RMB 19,972,241.76, down 89.65% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 21,718,081.36, a decline of 87.66% compared to the previous year[4] - The basic earnings per share were RMB 0.03, reflecting a decrease of 90.63% year-on-year[4] - Total operating revenue for Q1 2023 was RMB 777.60 million, a decrease of 34% compared to RMB 1,180.42 million in Q1 2022[16] - Net profit for Q1 2023 was RMB 19.97 million, a significant decline of 90.6% from RMB 192.99 million in Q1 2022[17] - Total profit for Q1 2023 was RMB 26.11 million, down 89.8% from RMB 254.98 million in Q1 2022[17] Assets and Liabilities - Total assets at the end of the reporting period were RMB 6,286,080,232.07, down 2.23% from the end of the previous year[5] - The company's current assets totaled RMB 4,524,933,632.09, down from RMB 4,733,362,572.34, indicating a decrease of about 4.41%[12] - Total liabilities decreased to RMB 548,846,911.08 from RMB 720,106,748.11, a significant decline of approximately 23.8%[14] - The company's equity attributable to shareholders increased to RMB 5,737,233,320.99 from RMB 5,709,667,982.73, reflecting a slight increase of about 0.48%[15] Cash Flow - The company reported a net cash flow from operating activities of RMB 222,854,466.72, a decrease of 5.99% year-on-year[4] - Cash inflow from operating activities in Q1 2023 was RMB 782.22 million, down 31% from RMB 1,136.71 million in Q1 2022[19] - The net cash flow from operating activities was 237,046,946.14 in the previous period[20] - Cash outflow from operating activities totaled 899,663,946.89, indicating a significant reduction in operational cash expenses[20] - The total cash and cash equivalents at the end of the period reached 2,037,320,323.71, showing strong liquidity position[20] Operational Metrics - The decline in revenue and profit was primarily due to a decrease in both sales volume and sales prices[7] - The weighted average return on equity was 0.35%, a decrease of 3.23 percentage points compared to the previous year[4] - Research and development expenses increased to RMB 8.82 million in Q1 2023, up 36% from RMB 6.49 million in Q1 2022[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,810[9] Other Financial Activities - The company reported a foreign currency translation loss of RMB 110.88 in Q1 2023, compared to a loss of RMB 873.80 in Q1 2022[18] - Investment loss for Q1 2023 was RMB 1.86 million, compared to a gain of RMB 2.60 million in Q1 2022[17] - Other income for Q1 2023 was RMB 1.27 million, a decrease of 48.7% from RMB 2.48 million in Q1 2022[17] - The company has not participated in margin financing or securities lending activities during the reporting period[10] - There are no significant new product developments or market expansion strategies mentioned in the report[11]