YASHENG GROUP(SH:600108)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥621,304,972.23, representing a year-on-year increase of 5.18%[3] - The net profit attributable to shareholders for Q1 2023 was ¥26,406,452.89, reflecting a growth of 5.24% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,425,822.18, which is an increase of 19.14% year-on-year[3] - Basic earnings per share for Q1 2023 were ¥0.0136, up by 5.43% from the previous year[3] - The net profit for Q1 2023 was CNY 26,046,178.24, an increase of 4.57% compared to CNY 24,909,562.44 in Q1 2022[15] - Operating profit for Q1 2023 reached CNY 25,623,566.49, up from CNY 23,456,278.98 in the same period last year, reflecting a growth of 9.25%[15] - Total revenue from sales and services in Q1 2023 was CNY 786,298,674.31, compared to CNY 675,139,598.29 in Q1 2022, marking an increase of 16.49%[18] - The company reported a total comprehensive income of CNY 30,519,178.24 for Q1 2023, compared to a loss of CNY 5,123,437.56 in Q1 2022[16] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.0136, up from CNY 0.0129 in Q1 2022[16] Cash Flow and Expenses - The net cash flow from operating activities surged by 292.60% to ¥14,327,490.51, attributed to an increase in cash received from operating activities[5] - The net cash flow from operating activities for Q1 2023 was CNY 14,327,490.51, significantly higher than CNY 3,649,353.03 in Q1 2022[19] - Research and development expenses increased to CNY 6,498,345.38 in Q1 2023 from CNY 4,500,760.88 in Q1 2022, representing a growth of 44.43%[15] - Tax expenses for Q1 2023 amounted to CNY 2,256,157.34, an increase from CNY 1,622,933.59 in Q1 2022, reflecting a rise of 38.96%[15] - The company incurred a net cash outflow from financing activities of CNY 88,919,964.10 in Q1 2023, compared to an inflow of CNY 319,423,766.69 in Q1 2022[20] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥8,638,447,655.75, a slight decrease of 0.07% from the end of the previous year[3] - Current assets as of March 31, 2023, totaled RMB 3,977,680,024.73, a slight decrease from RMB 4,018,843,301.89 at the end of 2022[10] - Non-current assets amounted to RMB 4,660,767,631.02 as of March 31, 2023, down from RMB 4,714,193,157.89 at the end of 2022[11] - Total liabilities as of March 31, 2023, were RMB 4,533,148,293.46, down from RMB 4,658,227,203.21 at the end of 2022[12] - Shareholders' equity attributable to shareholders increased by 1.39% to ¥4,109,285,591.53 compared to the end of the previous year[3] - Shareholders' equity increased to RMB 4,105,299,362.29 from RMB 4,074,809,256.57 at the end of 2022[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 127,878[7] Inventory and Receivables - Accounts receivable as of March 31, 2023, were RMB 1,329,508,507.68, down from RMB 1,384,103,946.85 at the end of 2022[10] - Inventory increased to RMB 1,104,521,454.80 from RMB 1,066,853,883.33 at the end of 2022[10] - Cash and cash equivalents decreased to RMB 657,606,279.60 from RMB 735,472,400.34 at the end of 2022[10] - Cash and cash equivalents at the end of Q1 2023 were CNY 589,157,953.47, down from CNY 838,012,342.79 at the end of Q1 2022[20] Non-Recurring Gains - The company recognized non-recurring gains of ¥9,980,630.71 during the quarter, primarily from government subsidies and other non-operating income[4] - Total operating costs for Q1 2023 were RMB 605,639,136.41, up from RMB 576,708,655.74 in Q1 2022, reflecting a year-over-year increase of 5.0%[14]