SANY(SH:600031)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 17,787,615, a decrease of 11.40% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 1,511,612, down 4.92% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 32.11% to CNY 1,438,203, mainly due to improved gross margin and enhanced profitability[7]. - Basic and diluted earnings per share were both CNY 0.1786, reflecting a decrease of 5.25%[5]. - The weighted average return on equity was 2.30%, a decrease of 0.17 percentage points[5]. - The company reported a net profit of RMB 50,656,936, an increase from RMB 49,140,309, showing a growth of 3.1%[13]. - Net profit for Q1 2023 was CNY 1,561,535, down from CNY 1,641,364 in Q1 2022, reflecting a decrease of about 4.9%[15]. - Total comprehensive income for Q1 2023 was CNY 1,529,336, compared to CNY 1,602,553 in Q1 2022, reflecting a decrease of about 4.6%[16]. - The total comprehensive income for Q1 2023 was CNY -77,719 thousand, a decline from CNY 61,532 thousand in Q1 2022[25]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,570,177, a significant decline of 178.73% compared to the previous year[4]. - Cash and cash equivalents decreased to RMB 18,604,632 from RMB 21,342,876, a decline of 12.9%[11]. - Cash flow from operating activities in Q1 2023 showed a net outflow of CNY -1,570,177, contrasting with a net inflow of CNY 1,994,399 in Q1 2022[17]. - The company reported a net cash outflow from financing activities of CNY 1,357,044 in Q1 2023, compared to a net inflow of CNY 86,083 in Q1 2022[18]. - Cash and cash equivalents at the end of Q1 2023 were CNY 9,803,113, down from CNY 12,695,771 at the beginning of the quarter[18]. - The cash flow from investment activities in Q1 2023 was CNY 51,711, a decrease from CNY 962,595 in Q1 2022[18]. - The net cash flow from financing activities showed a net outflow of CNY -1,514,541 thousand, compared to a net inflow of CNY 175,405 thousand in Q1 2022[27]. - Cash and cash equivalents at the end of Q1 2023 stood at CNY 1,030,284 thousand, down from CNY 3,399,054 thousand at the end of Q1 2022[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 159,166,203, an increase of 0.26% from the end of the previous year[5]. - Total assets increased slightly to RMB 159,166,203 from RMB 158,754,601, representing a growth of 0.3%[13]. - Total liabilities decreased to RMB 91,694,527 from RMB 92,745,892, a reduction of 1.1%[13]. - The total liabilities as of March 31, 2023, were CNY 27,918,526, compared to CNY 26,068,800 at the end of 2022[22]. - The company's inventory as of March 31, 2023, was CNY 919,671, an increase from CNY 648,769 at the end of 2022[21]. Operating Costs and Expenses - Total operating costs for Q1 2023 decreased to CNY 16,411,234 from CNY 19,167,894 in Q1 2022, representing a reduction of approximately 14.5%[15]. - Research and development expenses for Q1 2023 were CNY 1,407,427, slightly down from CNY 1,423,865 in Q1 2022, a decrease of about 1.1%[15]. - Sales expenses for Q1 2023 were CNY 1,300,540, down from CNY 1,355,944 in Q1 2022, a decrease of about 4.1%[15]. - The company's R&D expenses in Q1 2023 were CNY 101,034, a significant increase from CNY 1,369 in Q1 2022[24]. - Investment income for Q1 2023 was CNY 156,736, significantly lower than CNY 657,945 in Q1 2022, a drop of approximately 76.2%[15]. Shareholder Information - Shareholder equity attributable to shareholders was CNY 66,431,656, up 2.26% from the previous year[5]. - The total number of common shareholders at the end of the reporting period was 920,997[8]. - The company plans to focus on market expansion and new product development in the upcoming quarters[14].