上汽集团(600104) - 2023 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2023 was CNY 145.92 billion, a decrease of 20.03% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 2.78 billion, down 49.55% year-on-year[4] - Basic earnings per share decreased by 49.37% to CNY 0.242[4] - Operating income for Q1 2023 was ¥140.66 billion, down 20.4% from ¥176.78 billion in Q1 2022[15] - Net profit for Q1 2023 was ¥4.13 billion, a decline of 44.5% compared to ¥7.43 billion in Q1 2022[16] - The company reported a total profit of ¥5.78 billion for Q1 2023, down 35.5% from ¥9.01 billion in Q1 2022[16] - Total operating costs for Q1 2023 were ¥144.24 billion, a reduction of 19.5% from ¥179.32 billion in Q1 2022[15] - Investment income for Q1 2023 was ¥3.05 billion, a decrease of 47.6% from ¥5.82 billion in Q1 2022[15] Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 948.13 billion, a decline of 4.24% from the end of the previous year[5] - As of March 31, 2023, the total current assets amounted to ¥558.46 billion, a decrease of approximately 4.3% from ¥582.17 billion as of December 31, 2022[12] - The total non-current assets decreased to ¥389.67 billion from ¥407.94 billion, representing a decline of approximately 4.5%[12] - The total liabilities decreased to ¥608.16 billion from ¥653.81 billion, a reduction of about 6.9%[13] - The total assets decreased to ¥948.13 billion from ¥990.11 billion, a decrease of approximately 4.2%[14] - The total equity attributable to shareholders increased to ¥281.39 billion from ¥279.23 billion, showing a growth of approximately 0.8%[14] Cash Flow - The net cash flow from operating activities was negative CNY 9.86 billion, a decrease of 7.88%[4] - In Q1 2023, the company reported cash inflows from operating activities totaling CNY 220.82 billion, an increase of 16.5% compared to CNY 189.51 billion in Q1 2022[18] - The net cash outflow from operating activities was CNY -9.86 billion, slightly worse than the CNY -9.14 billion reported in the same period last year[18] - Cash inflows from investment activities amounted to CNY 127.84 billion, up from CNY 98.86 billion in Q1 2022, reflecting a growth of 29.3%[19] - The net cash flow from investment activities was CNY 10.22 billion, a decrease of 41.0% compared to CNY 17.33 billion in Q1 2022[19] - Cash inflows from financing activities totaled CNY 26.59 billion, compared to CNY 24.98 billion in the previous year, marking an increase of 6.4%[19] - The net cash flow from financing activities was CNY -1.52 billion, a significant decline from the CNY 7.98 billion reported in Q1 2022[19] - The company's cash and cash equivalents at the end of Q1 2023 stood at CNY 138.29 billion, down from CNY 142.51 billion at the end of Q1 2022[19] Shareholder Information - The company had 233,637 common shareholders at the end of the reporting period[8] - The largest shareholder, Shanghai Automotive Industry Group Co., Ltd., held 62.69% of the shares[8] - The company’s repurchase account held 188.18 million shares, accounting for 1.61% of the total share capital[9] Inventory and Borrowings - The inventory increased to ¥92.85 billion, up from ¥88.54 billion, indicating a rise of about 4.0%[12] - The short-term borrowings increased to ¥40.50 billion from ¥38.34 billion, reflecting an increase of approximately 5.6%[13] - The long-term borrowings increased to ¥35.80 billion from ¥34.56 billion, reflecting an increase of about 3.6%[13] Other Financial Metrics - Non-recurring gains and losses totaled CNY 619.41 million for the quarter[6] - Research and development expenses for Q1 2023 were ¥3.81 billion, slightly down from ¥3.82 billion in Q1 2022[15] - Other comprehensive income after tax for Q1 2023 was ¥1.38 billion, compared to a loss of ¥1.38 billion in Q1 2022[16] - The company did not report any net profit from merged entities in the current period[17] - The company received CNY 215.51 billion in cash from sales of goods and services, an increase of 22.9% from CNY 175.28 billion in Q1 2022[18] - The total cash outflow from operating activities was CNY 230.68 billion, compared to CNY 198.65 billion in the same quarter last year, reflecting a rise of 16.1%[18] - The company reported a decrease in customer deposits and interbank placements, with a net increase of CNY -3.50 billion, improving from CNY -7.13 billion in Q1 2022[18]