ERDOS(SH:600295)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 7,529,356,036.09, representing a decrease of 21.28% compared to the same period last year[5] - The net profit attributable to shareholders was RMB 1,008,394,716.01, down 24.89% year-on-year[5] - The net profit after deducting non-recurring gains and losses was RMB 990,138,607.88, a decrease of 24.58% compared to the previous year[5] - Basic and diluted earnings per share were both RMB 0.50, down 25.37% year-on-year[6] - Total operating revenue for Q1 2023 was ¥7,529,356,036.09, a decrease of 21.3% compared to ¥9,564,419,216.05 in Q1 2022[18] - Net profit for Q1 2023 was ¥1,341,642,705.44, a decrease of 27% from ¥1,837,134,853.32 in Q1 2022[19] - Earnings per share for Q1 2023 was ¥0.50, compared to ¥0.67 in Q1 2022[19] - The company reported an investment income of ¥491,523,347.70 in Q1 2023, slightly down from ¥514,167,185.53 in Q1 2022[18] Cash Flow - The net cash flow from operating activities increased by 15.54% to RMB 778,040,750.34[5] - Cash flow from operating activities in Q1 2023 was ¥5,532,518,082.59, down from ¥6,703,203,751.12 in Q1 2022[19] - The net cash flow from operating activities for Q1 2023 was CNY 778,040,750.34, an increase of 15.5% compared to CNY 673,382,524.35 in Q1 2022[21] - Total operating cash inflow amounted to CNY 6,031,580,827.77, down 14.3% from CNY 7,039,956,985.95 in the previous year[21] - The cash outflow from operating activities decreased to CNY 5,253,540,077.43, compared to CNY 6,366,574,461.60 in Q1 2022, reflecting a reduction of 17.4%[21] - The net cash flow from financing activities was negative CNY 464,158,809.73, an improvement from negative CNY 2,033,451,034.72 in the same period last year[22] - The company reported a cash inflow from financing activities of CNY 2,603,975,054.69, up 55.0% from CNY 1,682,301,765.57 in Q1 2022[22] - The cash outflow for financing activities was CNY 3,068,133,864.42, down 17.4% from CNY 3,715,752,800.29 in the previous year[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 49,117,877,089.39, an increase of 2.82% from the end of the previous year[6] - Total current assets amounted to CNY 13,666,091,809.15, an increase from CNY 12,576,220,262.38 at the end of 2022, reflecting a growth of approximately 8.7%[14] - Total non-current assets were CNY 35,451,785,280.24, slightly up from CNY 35,196,677,187.31, reflecting a growth of approximately 0.7%[15] - Total liabilities as of Q1 2023 were ¥21,949,866,194.38, slightly down from ¥21,950,000,561.01 in the previous year[18] - The total liabilities decreased to CNY 7,405,000,000.00 from CNY 7,500,000,000.00 in the previous year, indicating a slight reduction in leverage[24] - The total liabilities as of the end of Q1 2023 were CNY 4,893,205,055.41, slightly up from CNY 4,818,140,904.29 at the end of Q1 2022[25] Shareholder Information - The company reported a total of 65,739 common shareholders as of the end of the reporting period[11] - The major shareholder, Inner Mongolia Erdos Cashmere Group Co., Ltd., holds 54.30% of the shares[11] Research and Development - Research and development expenses for Q1 2023 were ¥37,071,368.21, a decrease of 37.2% from ¥59,056,489.17 in Q1 2022[18] - Research and development expenses increased significantly to CNY 17,769,178.49, up from CNY 1,943,959.98 in the same period last year, marking a rise of 814.5%[26] Financial Expenses - The company experienced a decrease in financial expenses due to lower loan scales and interest rates[9] - Financial expenses decreased to ¥45,908,787.76 in Q1 2023 from ¥94,597,506.19 in Q1 2022[18] - The financial expenses for Q1 2023 were reported as CNY -264,479.90, a significant decrease from CNY 17,987,431.69 in Q1 2022[26]