SUNWARD(SZ:002097)2024-10-30 10:15Financial Performance - The company's operating revenue for Q1 2023 was ¥1,784,718,349.19, representing a 7.40% increase compared to ¥1,661,684,966.28 in the same period last year[2] - Net profit attributable to shareholders was ¥36,977,568.37, a significant turnaround from a loss of ¥48,978,765.87 in the previous year, marking a 175.50% increase[2] - The net profit after deducting non-recurring gains and losses was ¥14,775,366.69, compared to a loss of ¥55,473,123.88 last year, reflecting a 126.64% improvement[2] - Basic and diluted earnings per share were both ¥0.0340, compared to a loss of ¥0.0450 per share in the same period last year, representing a 175.56% increase[2] - Net profit for Q1 2023 was CNY 38,291,887.94, a significant recovery from a net loss of CNY 52,956,135.06 in the same period last year[10] - Earnings per share for Q1 2023 were CNY 0.0340, recovering from a loss per share of CNY -0.0450 in the same quarter last year[10] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥709,789,081.96, a 45.76% reduction in loss from -¥1,308,593,425.52 in the previous year[2] - Cash flow from operating activities showed a net outflow of CNY 709,789,081.96, an improvement from a net outflow of CNY 1,308,593,425.52 in Q1 2022[11] - The net cash flow from financing activities for Q1 2023 was ¥1,365,608,854.63, a decrease of 18.1% compared to ¥1,668,670,574.99 in Q1 2022[12] - The total cash outflow from financing activities was ¥803,534,421.32, down from ¥1,088,612,792.32 in the previous year, indicating a reduction of 26.3%[12] - The net increase in cash and cash equivalents for Q1 2023 was ¥579,233,926.44, significantly higher than the ¥28,280,576.61 recorded in Q1 2022[12] - The ending balance of cash and cash equivalents reached ¥2,248,025,984.26, compared to ¥1,975,554,476.57 at the end of Q1 2022, reflecting an increase of 13.8%[12] - The beginning balance of cash and cash equivalents was ¥1,668,792,057.82, down from ¥1,947,273,899.96 in the same period last year[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,863,563,481.70, up 6.29% from ¥20,569,922,031.24 at the end of the previous year[2] - The company's total assets increased to CNY 21,863,563,481.70 at the end of Q1 2023, up from CNY 20,569,922,031.24 at the beginning of the year[8] - Total liabilities increased to RMB 17.11 billion from RMB 15.84 billion, representing a rise of about 8.0%[7] - Long-term borrowings rose significantly to RMB 6.92 billion from RMB 5.59 billion, an increase of approximately 24.0%[7] - The total equity remained stable at RMB 3.79 billion, with no changes in the capital reserve[7] Shareholder Information - The total number of common shareholders at the end of the reporting period was 72,380, with the largest shareholder holding 13.94% of shares[5] - The equity attributable to shareholders increased slightly by 0.46% to ¥4,560,319,265.45 from ¥4,539,353,717.79 at the end of the previous year[2] - The company reported a total equity attributable to shareholders of CNY 4,560,319,265.45, slightly up from CNY 4,539,353,717.79 at the beginning of the year[8] Non-Recurring Items - Non-recurring gains and losses totaled ¥22,202,201.68 for the period, with government subsidies contributing ¥28,440,878.95[3] Expenses - Financial expenses increased by 39.52% to ¥115,051,068.97, primarily due to increased exchange rate losses[4] - Research and development expenses decreased to CNY 55,620,166.58 in Q1 2023 from CNY 74,765,556.28 in Q1 2022, reflecting a 25.5% reduction[9] - The company recorded a decrease in financial expenses to CNY 115,051,068.97 from CNY 82,462,133.30 in Q1 2022, indicating improved cost management[9] Inventory and Receivables - The company reported a 255.89% increase in receivables financing, rising to ¥23,715,165.07 from ¥6,663,642.48 in the previous year[4] - Accounts receivable rose to RMB 5.95 billion from RMB 5.50 billion, reflecting an increase of about 8.2%[6] - Inventory increased to RMB 3.17 billion, up from RMB 2.96 billion, marking a growth of approximately 7.1%[6] - The company reported a significant increase in prepayments, which rose to RMB 303.63 million from RMB 244.19 million, reflecting a growth of approximately 24.3%[6] Other Comprehensive Income - Other comprehensive income after tax was CNY -20,528,397.46, compared to CNY -6,479,897.02 in the previous year, reflecting currency translation losses[10] Audit Status - The company’s first quarter report for 2023 was not audited[13]