Financial Performance - The group's operating revenue for the three months ended March 31, 2023, was RMB 2,616,557,956.86, a decrease of 22.5% compared to RMB 3,374,807,743.81 for the same period in 2022[2]. - The net profit attributable to the owners of the parent company for the reporting period was RMB 145,881,841.14, down 79.1% from RMB 697,952,954.57 in the same period last year[3]. - The group's financial expenses for the reporting period were RMB 526,684,902.61, down from RMB 570,674,287.07 in the same period last year, indicating a reduction of 7.7%[2]. - Research and development expenses decreased significantly to RMB 4,971,244.23 from RMB 13,629,995.02, a decline of 63.5% year-over-year[2]. - The group's investment income showed a loss of RMB 7,265,630.33, contrasting with a profit of RMB 52,430,162.93 in the same period last year[2]. - The total comprehensive income attributable to the owners of the parent company for the reporting period was RMB 204,288,064.24, compared to RMB 72,773,205.92 in the same period last year[3]. Cash Flow and Liquidity - The group's net cash flow from operating activities was RMB 1,076,288,459.82, compared to RMB 1,260,086,068.27 for the same period in 2022, reflecting a decrease of 14.5%[4]. - The group's cash and cash equivalents at the end of the reporting period were RMB 2,415,117,287.45, down from RMB 5,844,857,779.19 in the same period last year[4]. Assets and Liabilities - The total assets as of March 31, 2023, amounted to RMB 11,170,093,018.71, a slight decrease from RMB 11,453,589,462.96 at the end of 2022[5]. - The total assets as of March 31, 2023, were RMB 127,651,062,456.68, down from RMB 128,110,669,113.82 as of December 31, 2022, indicating a decrease of about 0.36%[9]. - Current liabilities totaled RMB 24,848,681,151.19 as of March 31, 2023, compared to RMB 25,361,591,834.26 as of December 31, 2022, reflecting a reduction of approximately 2.02%[7]. - The total liabilities as of March 31, 2023, were RMB 70,404,399,408.19, a decrease from RMB 71,115,312,026.23 as of December 31, 2022, indicating a decline of approximately 1.00%[8]. - The total equity attributable to shareholders as of March 31, 2023, was RMB 53,747,596,379.46, an increase from RMB 53,547,605,431.72 as of December 31, 2022, showing a growth of about 0.37%[9]. Non-Current Assets and Investments - As of March 31, 2023, total non-current assets amounted to RMB 116,480,969,437.97, a slight decrease from RMB 116,657,079,650.86 as of December 31, 2022, representing a decline of approximately 0.15%[6]. - Long-term investments decreased from RMB 3,757,062,104.96 as of December 31, 2022, to RMB 3,608,113,353.82 as of March 31, 2023, a decline of approximately 3.95%[6]. - Deferred tax assets increased from RMB 2,998,869,059.68 as of December 31, 2022, to RMB 3,127,438,276.88 as of March 31, 2023, representing an increase of about 4.31%[6]. Inventory and Retained Earnings - The group reported a decrease in inventory to RMB 284,289,763.29 from RMB 302,869,151.08, reflecting a reduction of 6.1% year-over-year[5]. - The company's retained earnings increased from RMB 39,009,822,745.68 as of December 31, 2022, to RMB 39,223,499,964.65 as of March 31, 2023, reflecting an increase of about 0.55%[9]. - The company's capital reserve decreased slightly from RMB 6,881,596,618.59 as of December 31, 2022, to RMB 6,877,299,502.09 as of March 31, 2023, a decrease of approximately 0.06%[9].
红星美凯龙(01528) - 2023 Q1 - 季度业绩