NUODE(SH:600110)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,150,651,754.49, representing a year-on-year increase of 3.49%[3] - The net profit attributable to shareholders was CNY 50,209,927.91, showing a significant decline of 60.43% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was CNY 8,807,617.16, down 92.00% year-on-year[3] - The basic earnings per share decreased by 65.83% to CNY 0.0287[3] - Operating profit for Q1 2023 was CNY 98,997,697.79, a decrease of 24.2% from CNY 130,613,595.46 in Q1 2022[21] - Net profit for Q1 2023 was CNY 99,669,744.38, down 30.4% compared to CNY 143,097,940.14 in Q1 2022[21] - Total comprehensive income for Q1 2023 was ¥96,557,766.12, compared to ¥127,960,954.39 in the same period last year, reflecting a decrease of 24.5%[22] - Basic and diluted earnings per share were both ¥0.0287, down from ¥0.0840 in Q1 2022, representing a decline of 65.8%[22] Cash Flow - The net cash flow from operating activities increased by 112.83% to CNY 34,416,614.03[3] - The company reported a significant increase in cash flow from operating activities due to improved collection of receivables[7] - Cash inflows from operating activities totaled ¥3,682,723,147.16, an increase of 28.8% from ¥2,859,206,549.14 in Q1 2022[23] - The net cash flow from operating activities was ¥34,416,614.03, a recovery from a net outflow of ¥268,344,293.76 in the previous year[23] - Cash outflows from investing activities were ¥535,099,664.48, significantly higher than ¥231,330,855.11 in Q1 2022, leading to a net cash outflow of ¥497,523,314.48[24] - Cash inflows from financing activities were ¥941,839,663.10, a decrease from ¥2,889,730,664.16 in the same quarter last year[24] - The ending cash and cash equivalents balance was ¥4,236,677,607.74, down from ¥3,178,187,897.83 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,181,903,744.85, an increase of 1.50% from the end of the previous year[4] - Total liabilities as of March 31, 2023, were CNY 6,332,301,874.06, compared to CNY 6,224,686,968.24 at the end of 2022, reflecting a slight increase of 1.7%[18] - Non-current assets increased to CNY 6,419,896,758.84 as of March 31, 2023, from CNY 5,950,074,882.06 at the end of 2022, marking a growth of 7.9%[17] - The company reported a significant increase in inventory, which stood at CNY 1,031,477,983.98 as of March 31, 2023, compared to CNY 1,027,628,943.78 at the end of 2022[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 169,164[9] - The largest shareholder, Shenzhen Bangmin Industrial Holdings Co., Ltd., holds 218,194,731 shares, accounting for 12.49% of total shares[10] Investments and Projects - The company invested in new projects, including the construction of a copper foil project, which contributed to increased capital expenditures[7] - The company has established Nord Shengshi New Energy Co., Ltd. with a 51% stake to develop distributed photovoltaic power generation projects[11] - The company plans to invest 1 billion RMB in Fujian Qingjing Copper Foil Co., Ltd. for a new project with an annual production capacity of 25,000 tons of electrolytic copper foil[13] - The company has terminated the investment in Qingjing Copper Foil due to recent international situation changes and strategic development planning for 2023[13] Market Strategy - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[19]