AVICOPTER(SH:600038)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥3,226,508,712.36, representing a 98.52% increase compared to ¥1,625,262,424.14 in the same period last year[4] - Net profit attributable to shareholders was ¥14,293,288.67, up 24.37% from ¥11,265,510.99 year-on-year[4] - The company reported a basic earnings per share of ¥0.0242, reflecting a 24.37% increase from ¥0.0191 in the same period last year[4] - In Q1 2023, the company reported a net profit of ¥9,043,153.95, a significant increase from ¥5,653,733.38 in Q1 2022, representing a growth of approximately 59.5%[16] - The total profit for Q1 2023 was reported at ¥9,671,092.28, down from ¥11,081,304.16 in Q1 2022, reflecting a decrease of approximately 12.7%[16] Cash Flow - The net cash flow from operating activities was ¥1,953,143,959.08, a significant recovery from a negative cash flow of ¥1,538,026,891.07 in the previous year[4] - Cash flow from operating activities showed a net increase of ¥1,953,143,959.08 in Q1 2023, compared to a net outflow of ¥-1,538,026,891.07 in Q1 2022, marking a turnaround in cash flow performance[18] - The company generated cash inflows from sales of goods and services amounting to ¥6,956,160,301.10 in Q1 2023, a substantial increase from ¥1,117,650,713.59 in Q1 2022, reflecting a growth of approximately 523.5%[17] - The company's cash outflow for operating activities totaled ¥5,122,044,918.13 in Q1 2023, compared to ¥2,908,276,714.68 in Q1 2022, indicating an increase in operational expenditures[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥27,610,931,157.14, a slight decrease of 0.47% from ¥27,694,246,082.23 at the end of the previous year[4] - The total assets as of March 31, 2023, were RMB 27,610,931,157.14, slightly down from RMB 27,741,370,495.74 at the end of 2022, a decrease of approximately 0.47%[14] - The total liabilities as of March 31, 2023, were RMB 17,546,716,598.20, compared to RMB 17,683,853,848.53 at the end of 2022, indicating a decrease of about 0.77%[14] - The company’s total equity attributable to shareholders was RMB 9,765,290,093.87 as of March 31, 2023, slightly up from RMB 9,753,705,542.29 at the end of 2022, an increase of about 0.12%[14] Research and Development - Research and development expenses increased by 389.73% due to higher self-funded research investments[9] - Research and development expenses increased to RMB 65,586,750.60 in Q1 2023 from RMB 13,392,380.28 in Q1 2022, reflecting a growth of approximately 388.5%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,779, with the largest shareholder holding 46.05% of the shares[10] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] Inventory and Borrowings - The company reported a significant increase in inventory, with total inventory reaching RMB 13,050,366,107.82 as of March 31, 2023, compared to RMB 12,656,949,499.31 at the end of 2022, an increase of about 3.1%[13] - The company’s short-term borrowings increased to RMB 1,042,702,333.32 in Q1 2023 from RMB 882,671,222.24 at the end of 2022, reflecting an increase of approximately 18.1%[14] Cash and Cash Equivalents - The company experienced a 96.92% increase in cash and cash equivalents due to higher customer payments received during the period[7] - The cash and cash equivalents as of March 31, 2023, were RMB 4,169,495,992.99, up from RMB 2,117,355,200.26 as of December 31, 2022, showing an increase of about 96.7%[13] - The cash and cash equivalents at the end of Q1 2023 stood at ¥4,019,810,716.87, a notable increase from ¥1,672,513,066.97 at the end of Q1 2022[18] - The company received ¥190,000,000.00 in cash from borrowings in Q1 2023, compared to ¥30,000,000.00 in Q1 2022, showing a significant increase in financing activities[18]