潍柴动力(02338) - 2023 Q1 - 季度业绩

Financial Performance - The company's operating revenue for Q1 2023 was CNY 53.43 billion, representing an increase of 18.25% compared to CNY 41.10 billion in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was CNY 1.86 billion, a significant increase of 68.29% from CNY 1.05 billion year-on-year[4]. - The net profit after deducting non-recurring gains and losses reached CNY 1.74 billion, up 94.14% from CNY 897 million in the previous year[4]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.21, reflecting a 69.94% increase from CNY 0.12 in the previous year[4]. - Operating profit for Q1 2023 was RMB 2.57 billion, up 53.0% from RMB 1.68 billion in the same period last year[14]. - Net profit for Q1 2023 amounted to RMB 2.25 billion, representing a 57.0% increase compared to RMB 1.43 billion in Q1 2022[14]. - The total comprehensive income for Q1 2023 reached CNY 2,860,983,279.48, compared to CNY 2,228,777,942.28 in the same period last year, indicating an increase of about 28.4%[15]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.21, up from CNY 0.13 in Q1 2022, reflecting a growth of 61.5%[15]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 471.62 million, an improvement of 85.37% compared to a net outflow of CNY 4.60 billion in the same period last year[4]. - The net cash flow from operating activities for Q1 2023 was negative at CNY -471,621,705.85, an improvement from CNY -3,223,047,780.56 in Q1 2022[17]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 63,897,268,240.11, an increase from CNY 62,358,062,778.23 at the end of Q1 2022[18]. - The cash inflow from operating activities amounted to CNY 41,965,267,489.26, compared to CNY 41,145,252,085.84 in the previous year, showing a growth of approximately 2%[17]. - The cash outflow from investing activities was CNY 7,827,492,944.19, down from CNY 11,201,992,841.58 in Q1 2022, indicating a reduction of about 30.5%[17]. - The net cash flow from financing activities was negative at CNY -666,404,399.07, a decline from CNY 3,235,962,767.93 in Q1 2022[18]. Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 307.48 billion, representing a 4.70% increase from CNY 293.67 billion at the end of the previous year[4]. - The company's total liabilities as of Q1 2023 were RMB 200.50 billion, up from RMB 189.56 billion in the previous year[13]. - The total current liabilities increased to RMB 60.51 billion from RMB 45.56 billion, showing a growth of approximately 32.8%[12]. - The total equity attributable to shareholders of the parent company was RMB 75.58 billion, an increase from RMB 73.18 billion year-over-year[13]. - Shareholders' equity attributable to the parent company was CNY 75.58 billion, up 3.27% from CNY 73.18 billion at the end of the previous year[4]. Operational Metrics - The company reported a significant increase in operating profit of 52.88% year-on-year, driven by improved business conditions and increased sales[7]. - The company experienced a 32.80% increase in accounts payable, attributed to increased sales and procurement scale[7]. - Accounts receivable increased to RMB 29.35 billion from RMB 21.42 billion, representing a significant rise of approximately 37.1%[12]. - Inventory levels rose to RMB 35.33 billion, compared to RMB 33.37 billion at the start of the year, marking an increase of around 5.9%[12]. - The company reported a significant increase in accounts receivable financing, which rose to RMB 10.25 billion from RMB 6.97 billion, a growth of approximately 47.5%[12]. Research and Development - Research and development expenses for Q1 2023 were RMB 1.83 billion, a decrease of 5.5% from RMB 1.94 billion in the previous year[14]. Market Expansion - Weichai Power's subsidiary, Weichai Lovol, has received approval for its initial public offering on the ChiNext board, indicating future market expansion opportunities[10].