Financial Performance - The net profit attributable to ordinary shareholders for Q1 2023 was RMB 2,454,518,000, representing a 25.71% increase compared to RMB 1,952,471,000 in Q1 2022[3] - The net profit for Q1 2023 was RMB 2,642,269,000, which is a 19.20% increase from RMB 2,216,659,000 in the same quarter last year[4] - Net profit for Q1 2023 was RMB 2,613,789 thousand, representing a 28.5% increase from RMB 2,034,655 thousand in Q1 2022[21] - Basic earnings per share for Q1 2023 were RMB 0.56, up 19.15% from RMB 0.47 in Q1 2022[4] - Basic and diluted earnings per share for Q1 2023 were both RMB 0.56, up from RMB 0.47 in Q1 2022, indicating strong earnings growth[21] Revenue and Cash Flow - Revenue for Q1 2023 was RMB 29,142,882,000, up 4.34% from RMB 27,930,271,000 in Q1 2022[4] - The company's operating revenue for Q1 2023 reached RMB 29,142,882 thousand, a 7.5% increase compared to RMB 27,930,271 thousand in Q1 2022[20] - The operating cash flow for the period was RMB 2,325,584,000, a significant increase of 95.89% from RMB 1,187,207,000 in the same period last year[3] - Cash flow from operating activities generated RMB 2,325,584 thousand in Q1 2023, compared to RMB 1,187,207 thousand in Q1 2022, showing a significant improvement[22] Assets and Liabilities - Total assets as of March 31, 2023, were RMB 183,993,400,000, reflecting a 1.68% increase from RMB 180,953,574,000 at the end of 2022[3] - The total assets as of March 31, 2023, amounted to RMB 183,993,400 thousand, an increase from RMB 180,953,574 thousand as of December 31, 2022[18] - The total liabilities as of March 31, 2023, were RMB 122,069,942 thousand, compared to RMB 121,410,351 thousand at the end of 2022[19] - The company's cash and cash equivalents increased to RMB 63,435,639 thousand as of March 31, 2023, from RMB 56,346,367 thousand as of December 31, 2022[18] - Cash and cash equivalents at the end of Q1 2023 totaled RMB 49,744,372 thousand, compared to RMB 44,477,507 thousand at the end of Q1 2022, reflecting a healthy liquidity position[23] Shareholder Information - The number of shareholders as of March 31, 2023, was 354,503, with 354,195 holding A-shares and 308 holding H-shares[15] - The largest shareholder, ZTE Corporation, held 20.29% of the shares, amounting to 958,940,400 A-shares[14] Expenses and Financial Management - The company reported a significant increase in financial expenses, totaling RMB (181,535,000), a 442.03% rise due to increased net interest income and foreign exchange gains[12] - The company reported a significant foreign exchange loss of RMB (85,359) thousand in Q1 2023, compared to a gain of RMB 148,851 thousand in Q1 2022, reflecting increased currency volatility[13] - The net cash flow from financing activities decreased by 32.46% to RMB 5,516,541 thousand in Q1 2023 from RMB 8,167,826 thousand in Q1 2022, mainly due to a reduction in net borrowings[13] - The company’s financing activities generated a net cash inflow of RMB 5,516,541 thousand in Q1 2023, compared to RMB 8,167,826 thousand in Q1 2022, indicating a strategic approach to capital management[23] Research and Development - Research and development expenses increased to RMB 5,933,282 thousand in Q1 2023, up 26.2% from RMB 4,698,227 thousand in Q1 2022, reflecting a strong focus on innovation[20] - The company plans to expand its market presence and invest in new technologies, as indicated by the increase in R&D spending[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2] Inventory and Cost Management - The company’s inventory as of March 31, 2023, was RMB 45,934,056 thousand, slightly up from RMB 45,234,990 thousand at the end of 2022[18] - The company reported a gross profit margin of approximately 44.5% in Q1 2023, compared to 38.0% in Q1 2022, indicating improved cost management[20]
中兴通讯(00763) - 2023 Q1 - 季度业绩