QCEC(SH:600218)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,633,529,881, representing a decrease of 5.09% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was CNY 32,021,633.88, down 11.41% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 27.35% to CNY 23,057,370.15[3]. - The basic earnings per share were CNY 0.07, down 12.50% year-on-year[3]. - Net profit for Q1 2023 was ¥31,679,602.42, a decline of 6.0% from ¥33,686,549.35 in Q1 2022[16]. - Operating profit for Q1 2023 increased to ¥38,906,626.48, compared to ¥37,612,751.44 in Q1 2022, reflecting a growth of 3.4%[16]. - Basic earnings per share for Q1 2023 were ¥0.07, unchanged from Q1 2022[17]. Cash Flow - The net cash flow from operating activities was negative at CNY -225,372,171.71, an increase in outflow of 48.34% compared to the previous year[3]. - Cash flow from operating activities in Q1 2023 was negative at -¥225,372,171.71, an improvement from -¥436,290,019.71 in Q1 2022[19]. - The net cash flow from financing activities was -$202,000.00, slightly improved from -$210,000.00 in Q1 2022[20]. - The cash and cash equivalents net increase for Q1 2023 was -$218,460,699.34, an improvement from -$573,265,888.84 in Q1 2022[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,021,057,261.25, an increase of 7.06% from the end of the previous year[4]. - The company's current assets totaled RMB 4,704,592,145.27, up from RMB 4,289,162,158.75, indicating an increase of about 9.69%[11]. - Accounts receivable increased by 223.62% due to the utilization of customer turnover funds from the previous year[5]. - Total liabilities increased to RMB 2,845,962,656.29 from RMB 2,480,400,690.55, marking a rise of around 14.73%[13]. - The company's equity attributable to shareholders reached RMB 3,130,556,506.04, compared to RMB 3,098,481,882.45, showing an increase of about 1.03%[13]. - Cash and cash equivalents decreased to RMB 878,719,162.86 from RMB 1,093,850,686.41, a decline of approximately 19.61%[11]. - Inventory levels were reported at RMB 732,671,999.92, down from RMB 771,199,463.23, indicating a decrease of about 4.97%[11]. - The company reported a total of 2,043,183,902.14 in accounts payable, which increased from RMB 1,682,089,586.22, reflecting a growth of approximately 21.48%[12]. - The non-current assets totaled RMB 1,316,465,115.98, slightly down from RMB 1,334,600,544.62, representing a decrease of about 1.36%[12]. - The company’s retained earnings increased to RMB 775,187,314.11 from RMB 743,165,680.23, showing a growth of approximately 4.31%[13]. Expenses - The company reported a decrease in operating costs by 6.39% due to a decline in sales volume[6]. - Total operating costs for Q1 2023 were ¥1,562,613,868.56, down 5.9% from ¥1,661,412,863.49 in Q1 2022[15]. - Research and development expenses for Q1 2023 were ¥39,670,558.29, slightly up from ¥38,968,305.81 in Q1 2022[16]. - Tax expenses for Q1 2023 were ¥7,654,255.19, down from ¥10,032,124.75 in Q1 2022, indicating a decrease of 23.6%[16]. - Sales expenses for Q1 2023 increased to ¥29,071,897.67 from ¥26,490,701.14 in Q1 2022, reflecting an increase of 9.9%[16]. Other Information - The weighted average return on equity decreased by 0.15 percentage points to 1.03%[3]. - The number of ordinary shareholders at the end of the reporting period was 55,410[8]. - The company has not adopted new accounting standards or interpretations for the first time in 2023[20].