NEWAY(SH:603699)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,091,695,749.64, representing a year-on-year increase of 17.17%[3] - The net profit attributable to shareholders of the listed company was CNY 98,152,660.23, an increase of 44.01% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 101,045,547.90, reflecting a growth of 39.98% year-on-year[3] - The basic earnings per share for the period was CNY 0.13, up by 44.44% from the previous year[3] - The net profit for the first quarter of 2023 was approximately 98.50 million, an increase from 69.72 million in the same period last year[28] - Operating profit for the first quarter was approximately 106.01 million, compared to 76.89 million in the previous year[28] - Total comprehensive income amounted to CNY 95,317,449.08, an increase of 41.6% compared to CNY 67,324,188.20 in the previous year[49] - Basic earnings per share increased to CNY 0.13 from CNY 0.09, representing a growth of 44.4%[49] - The total comprehensive income attributable to the parent company was CNY 94,973,804.57, up from CNY 65,755,359.59, reflecting a growth of 44.3%[49] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 22,110,691.14, showing a significant decrease of 86.84% compared to the same period last year[3] - The net cash flow from operating activities was approximately 22.11 million, down from 168.03 million in the previous year[32] - Net cash flow from financing activities was CNY 109,338,638.88, a significant recovery from a negative CNY 192,231,736.00 in the previous year[52] - The ending balance of cash and cash equivalents was CNY 736,242,630.12, compared to CNY 239,862,641.90 at the end of the previous year, showing a substantial increase[52] - Cash inflow from financing activities totaled CNY 115,238,000.00, an increase from CNY 103,495,310.00 year-over-year[52] - The company reported a net increase in cash and cash equivalents of CNY -54,990,536.87, an improvement from CNY -157,091,054.32 in the previous year[52] Assets and Liabilities - The company's cash and cash equivalents as of March 31, 2023, were CNY 748,465,626.20, down from CNY 800,356,391.71 at the end of 2022[11] - The total inventory increased to CNY 2,230,782,055.10 from CNY 2,085,092,509.96 at the end of 2022[11] - The company experienced a decrease in accounts receivable, which amounted to CNY 1,781,054,060.15, down from CNY 1,803,271,538.72 at the end of 2022[11] - The total assets reached approximately 7.18 billion, an increase of 3.01% from the previous year[18] - The total liabilities amounted to RMB 3,754,677,010.43, compared to RMB 3,648,449,512.97 previously, reflecting a growth of 2.9%[42] - The total equity attributable to shareholders was RMB 749,062,000.00, unchanged from the previous period[42] Investments and Expenses - Research and development expenses for Q1 2023 amounted to RMB 37,242,824.79, a decrease of 22.4% from RMB 48,003,060.45 in Q1 2022[45] - The net investment loss for Q1 2023 was RMB -1,933,246.22, compared to RMB -1,037,004.28 in Q1 2022[45] - Investment activities resulted in a net cash outflow of approximately 174.87 million, compared to a net outflow of 132.67 million in the previous year[32] Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[45]