SAC(SH:600268)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,121,811,163.23, representing a year-on-year increase of 20.04%[5] - The net profit attributable to shareholders was a loss of CNY 32,314,472.69, with basic and diluted earnings per share both at -0.05 CNY[5] - The net profit for Q1 2023 was -1,553,431.26 CNY, an improvement from -47,357,140.09 CNY in Q1 2022[18] - Operating profit for Q1 2023 was 15,889,934.38 CNY, compared to a loss of -37,471,572.42 CNY in the same period last year[18] - The total comprehensive income for Q1 2023 was -1,553,431.26 CNY, compared to -47,357,140.09 CNY in Q1 2022[18] - The basic and diluted earnings per share for Q1 2023 were both -0.05 CNY, an improvement from -0.10 CNY in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY 529,909,979.18[5] - Cash flow from operating activities showed a net outflow of -529,909,979.18 CNY, slightly worse than -485,074,002.15 CNY in Q1 2022[21] - The company reported a cash and cash equivalents balance of 890,140,202.20 CNY at the end of Q1 2023, down from 1,207,248,399.34 CNY at the beginning of the quarter[22] - The company's cash and cash equivalents decreased to CNY 896,234,775.29 as of March 31, 2023, down from CNY 1,213,911,163.36 at the end of 2022, a decline of approximately 26%[13] - The company experienced a foreign exchange impact of -235,002.54 CNY on cash and cash equivalents during the quarter[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,159,784,587.49, a decrease of 0.45% compared to the end of the previous year[6] - The total assets as of March 31, 2023, were CNY 9,159,784,587.49, a slight decrease from CNY 9,201,042,675.96 at the end of 2022[16] - The total liabilities decreased to CNY 5,505,197,605.37 as of March 31, 2023, from CNY 5,544,902,262.58 at the end of 2022[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,330[9] - The largest shareholder, Huadian Group Nanjing Electric Power Equipment Co., Ltd., holds 53.72% of the shares[10] - Shareholders' equity attributable to the parent company was CNY 2,756,806,827.84, down 1.16% from the previous year[6] Operating Costs and Revenue - The total operating costs for Q1 2023 were CNY 1,123,530,994.24, compared to CNY 988,032,595.12 in Q1 2022, indicating an increase of about 14%[16] - Total revenue from sales and services in Q1 2023 was 1,350,256,562.90 CNY, up from 1,156,239,691.74 CNY in Q1 2022, representing an increase of approximately 16.7%[20] Research and Development - The company reported R&D expenses of CNY 91,919,344.73 for Q1 2023, compared to CNY 86,408,347.70 in Q1 2022, indicating an increase of about 6%[16] - The company is focusing on R&D innovation and market expansion to enhance its industry influence and drive steady business growth[8] Future Outlook - The company has no plans for significant mergers or acquisitions in the near term, focusing instead on internal growth strategies[8] - The company has not provided specific guidance for future performance or new product developments in the conference call[16] Non-recurring Items - Non-recurring gains and losses amounted to CNY 1,894,202.04, with government subsidies included[7]