Financial Performance - For Q1 2023, total operating revenue reached RMB 47.70 billion, an increase of 4.24% compared to RMB 45.73 billion in Q1 2022[6] - Net profit for Q1 2023 was RMB 4.16 billion, down 8.91% from RMB 4.56 billion in the same period last year[6] - The total comprehensive income for Q1 2023 was RMB 4,150,950,680.63, compared to RMB 4,072,443,330.36 in Q1 2022, representing an increase of approximately 1.93%[7] - Revenue from sales of goods and services in Q1 2023 reached RMB 53,714,090,823.97, compared to RMB 51,676,150,720.82 in Q1 2022, reflecting an increase of about 3.96%[8] - Total revenue for Q1 2023 reached RMB 2,124,609,270.95, an increase of 18.6% compared to RMB 1,791,515,260.81 in Q1 2022[14] Assets and Liabilities - Total current assets as of March 31, 2023, amounted to RMB 84.56 billion, up from RMB 82.45 billion at the end of 2022, reflecting a growth of 2.54%[2] - Total liabilities decreased to RMB 91.30 billion as of March 31, 2023, from RMB 94.44 billion at the end of 2022, a reduction of 3.3%[5] - The company's total assets as of March 31, 2023, were RMB 88,697,548,426.41, down from RMB 94,081,451,546.57 as of December 31, 2022, representing a decrease of about 5.67%[10] - The total liabilities decreased to RMB 23,310,082,990.96 as of March 31, 2023, from RMB 28,023,976,208.11 as of December 31, 2022, a reduction of approximately 16.1%[11] - Total liabilities amounted to RMB 23,310,082,991.05 in Q1 2023, down from RMB 25,397,462,382.25 in Q1 2022, a decrease of 8.2%[12] Cash Flow - Net cash flow from operating activities for Q1 2023 was RMB 6,994,882,684.54, up from RMB 4,229,406,569.68 in Q1 2022, indicating a growth of approximately 65.5%[8] - The net cash flow from financing activities in Q1 2023 was (RMB 4,876,908,748.24), a decline from (RMB 3,334,282,752.25) in Q1 2022, indicating a worsening of approximately 46.3%[9] - Cash flow from operating activities for Q1 2023 was RMB (950,207,569.60), compared to RMB (79,826,109.61) in Q1 2022, showing a significant increase in cash outflow[16] - The net cash flow used in financing activities in Q1 2023 was RMB (4.9 billion), compared to RMB (2.56 billion) in Q1 2022, indicating a significant increase in cash outflow[17] - The net decrease in cash and cash equivalents for Q1 2023 was RMB (6.16 billion), which is a 44.4% increase compared to RMB (4.27 billion) in Q1 2022[17] Research and Development - Research and development expenses for Q1 2023 were RMB 186.01 million, an increase of 24% from RMB 150.22 million in Q1 2022[6] - The company reported a significant decrease in research and development expenses, which were RMB 0 in Q1 2023 compared to RMB 9,031.39 in Q1 2022[14] Inventory and Equity - The company’s inventory as of March 31, 2023, was RMB 26.23 billion, slightly up from RMB 26.09 billion at the end of 2022, indicating a 0.54% increase[2] - The company's inventory as of March 31, 2023, was RMB 462,693,459.58, down from RMB 583,994,521.61 as of December 31, 2022, reflecting a decrease of approximately 20.7%[10] - The total equity attributable to shareholders increased to RMB 55.96 billion from RMB 54.50 billion, reflecting a growth of 2.68%[5] - Shareholders' equity totaled RMB 65,387,465,435.45, reflecting a stable capital structure[12] Future Plans - The company plans to expand its market presence and invest in new technologies to enhance product offerings in the upcoming quarters[6] - The company aims to enhance its market expansion strategies and product development in the upcoming quarters[14]
北京汽车(01958) - 2023 Q1 - 季度业绩