Windey(SZ:300772)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,481,807,624.24, representing a 2.00% increase compared to ¥3,413,478,482.78 in the same period last year[4] - Net profit attributable to shareholders decreased by 34.05% to ¥73,762,633.01 from ¥111,846,281.49 year-on-year[4] - Basic earnings per share fell by 43.25% to ¥0.1051 from ¥0.3318 in the previous year[4] - In Q1 2023, the company reported a net profit of ¥74,040,659.42, a decrease of 33.5% compared to ¥111,383,468.97 in Q1 2022[26] - The company's operating profit was ¥75,862,879.99, down from ¥119,411,348.32 in the same period last year, reflecting a decline of 36.5%[26] - The total comprehensive income for the period was ¥74,031,592.00, down from ¥111,383,468.97 in Q1 2022[27] Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,802,362,029.14, a decline of 65.22% compared to -¥1,090,879,815.07 in Q1 2022[4] - The company's cash and cash equivalents decreased to CNY 4,418,876,778.94 from CNY 6,301,295,658.37 at the beginning of the year, a decline of approximately 29.9%[21] - The company’s cash and cash equivalents at the end of the period stood at ¥2,874,511,918.10, down from ¥2,214,944,272.84 a year earlier[30] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥27,589,633,261.70, down 4.82% from ¥28,985,345,329.93 at the end of the previous year[4] - Total liabilities decreased to CNY 22,527,104,299.96 from CNY 24,024,467,944.74, representing a decline of approximately 6.2%[23] - The company's equity attributable to shareholders increased to CNY 4,940,464,523.16 from CNY 4,854,860,973.02, an increase of about 1.8%[23] Operational Metrics - Total operating costs for Q1 2023 were CNY 3,345,580,713.24, up from CNY 3,244,873,023.84 in the previous year, indicating an increase of about 3.1%[25] - Accounts receivable rose to CNY 7,179,184,365.56 from CNY 6,754,486,204.98, reflecting an increase of about 6.3%[22] - Inventory decreased to CNY 5,152,966,719.01 from CNY 5,915,699,575.81, a reduction of approximately 12.9%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,266[13] - Zhejiang Electromechanical Group Co., Ltd. holds 40.00% of shares, totaling 280,800,000 shares[13] - The number of restricted shares at the end of the period is 234,552,311 shares, with 1,005,683 shares released during the period[17] - The company has no preferred shareholders as indicated in the report[15] - The major shareholders include state-owned enterprises, with no significant changes in their holdings reported[14] Credit and Impairment - The company experienced a 239.63% increase in credit impairment losses, amounting to -¥129,338,094.82, due to a rise in accounts receivable and expected credit loss rates[11] - The company incurred a credit impairment loss of -¥129,338,094.82, compared to -¥38,082,410.47 in the previous year, reflecting a significant increase in losses[26] Other Income and Expenses - Other income increased by 84.22% to ¥45,726,341.29, primarily due to increased software tax refunds[11] - Financial expenses decreased by 49.74% to -¥11,004,894.76, attributed to increased financing scale leading to higher interest expenses[11] - Research and development expenses remained stable at ¥90,400,450.48, compared to ¥90,608,207.24 in Q1 2022[26] Future Outlook and Developments - The company has not reported any significant new product developments or market expansion strategies in this quarter[4] - The company has not disclosed any new product or technology developments in this report[16] - There are no indications of market expansion or mergers and acquisitions mentioned in the current report[16] - The company has not provided specific future performance guidance in this report[16]