Financial Performance - Operating revenue for the first quarter was CNY 4,190,332,138.08, a decrease of 0.53% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 485,733,620.69, reflecting an increase of 1.06% year-on-year[5] - Basic and diluted earnings per share were both CNY 0.4323, marking a year-on-year increase of 1.08%[5] - Total operating revenue for Q1 2023 was RMB 4,194,351,167.11, a decrease of 1.3% compared to RMB 4,248,612,150.24 in Q1 2022[18] - Net profit for Q1 2023 reached RMB 496,310,653.08, representing an increase of 1.2% from RMB 487,723,236.50 in Q1 2022[21] - Earnings per share for Q1 2023 was RMB 0.4323, up from RMB 0.4277 in Q1 2022[27] - Operating profit for Q1 2023 was RMB 493,309,290.14, slightly up from RMB 489,092,251.09 in Q1 2022[21] Assets and Equity - Total assets at the end of the reporting period reached CNY 14,170,127,548.57, up 9.12% from the end of the previous year[5] - The company's total equity increased to RMB 6,994,920,862.55 as of March 31, 2023, compared to RMB 6,497,170,875.93 at the end of 2022[17] - As of March 31, 2023, the total assets of the company amounted to RMB 14.17 billion, an increase from RMB 12.99 billion as of December 31, 2022, representing a growth of approximately 9.1%[13] - The company's current assets totaled RMB 8.38 billion as of March 31, 2023, compared to RMB 7.88 billion at the end of 2022, indicating an increase of about 6.3%[13] - The total number of ordinary shareholders at the end of the reporting period was 36,713, with the largest shareholder holding 48.81% of the shares[9] Cash Flow and Liabilities - Net cash flow from operating activities surged by 239.24% to CNY 154,563,446.95, attributed to reduced cash outflow following the cessation of new business by the financial company[7] - Operating cash flow for Q1 2023 was RMB 2,596,485,481.63, an increase of 5.4% compared to RMB 2,463,776,078.94 in Q1 2022[29] - Cash inflow from sales of goods and services decreased significantly to RMB -33,163,236.77 from RMB 1,097,848,608.76 in the same period last year[29] - Cash outflow for purchasing goods and services increased to RMB 2,034,691,834.64, up from RMB 1,882,211,603.69 in Q1 2022, reflecting a rise of 8.1%[30] - The total current liabilities increased to RMB 6.82 billion as of March 31, 2023, compared to RMB 6.13 billion at the end of 2022, marking a rise of approximately 11.3%[15] - The company's non-current liabilities totaled RMB 351.20 million, a slight decrease from RMB 361.11 million, indicating a reduction of about 2.5%[16] Investments and Future Plans - The company plans to continue focusing on cash flow management and operational efficiency in the upcoming quarters[7] - The company plans to utilize idle funds of up to RMB 6.5 billion for purchasing low-risk financial products, effective for 12 months from the approval date[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 6,345,166.44, with significant contributions from government subsidies and other non-operating income[6] - The company had a weighted average return on equity of 7.83%, a decrease of 0.69 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were RMB 82,656,071.97, down from RMB 87,553,444.60 in Q1 2022[18] - Other comprehensive income after tax for Q1 2023 was RMB 203,074.76, compared to a loss of RMB 6,077,647.02 in Q1 2022[23] - The company reported a decrease in interest income to RMB 4,019,029.03 in Q1 2023 from RMB 33,694,498.09 in Q1 2022[18] - The total liabilities and equity ratio improved, with total liabilities at RMB 7,175,206,685.02 as of March 31, 2023, compared to RMB 6,489,971,447.30 at the end of 2022[17] - The company reported a significant increase in tax refunds received, amounting to RMB 88,799,983.47, compared to RMB 7,653,294.15 in Q1 2022[29] - The company experienced a foreign exchange loss of RMB -996,921.48, compared to RMB -4,665,546.40 in the previous year[34]
第一拖拉机股份(00038) - 2023 Q1 - 季度业绩