ANGEL YEAST(SH:600298)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 3,396,542,504.36, representing a year-on-year increase of 12.03%[4] - The net profit attributable to shareholders for Q1 2023 was RMB 352,412,349.97, reflecting a 12.76% increase compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 330,332,192.23, which is a 24.77% increase year-on-year[4] - The net cash flow from operating activities for Q1 2023 was RMB 126,096,793.89, showing a significant increase of 140.35% compared to the previous year[4] - The basic earnings per share for Q1 2023 was RMB 0.4094, representing a year-on-year increase of 7.94%[4] - The weighted average return on equity for Q1 2023 was 3.74%, a decrease of 0.72 percentage points compared to the previous year[4] - The company reported a 55.62% decrease in financial expenses compared to the same period last year, primarily due to reduced interest expenses and exchange losses[10] - The total comprehensive income for Q1 2023 reached approximately ¥369.16 million, up from ¥316.92 million in Q1 2022, reflecting a growth of 16.4%[22] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to RMB 17,514,338,451.13, an increase of 3.45% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q1 2023 was RMB 9,634,594,520.08, which is a 4.07% increase from the end of the previous year[5] - Total liabilities for Q1 2023 were CNY 7,497,727,466.24, an increase from CNY 7,320,785,765.77 in Q1 2022[18] - The company's total equity increased to CNY 10,016,610,984.89 in Q1 2023, compared to CNY 9,608,842,954.14 in Q1 2022, reflecting a growth of 4.2%[18] Cash Flow - The net cash flow from operating activities for Q1 2023 was approximately ¥126.10 million, a significant improvement from a net outflow of ¥312.50 million in Q1 2022[23] - Cash inflow from operating activities in Q1 2023 was approximately ¥3.94 billion, a rise of 24.3% from ¥3.17 billion in Q1 2022[23] - Cash outflow from investing activities in Q1 2023 totaled approximately ¥525.31 million, compared to ¥442.63 million in Q1 2022, indicating an increase of 18.7%[24] - Cash inflow from financing activities in Q1 2023 was approximately ¥1.40 billion, down from ¥1.78 billion in Q1 2022, reflecting a decrease of 21.4%[24] - The net cash flow from financing activities for Q1 2023 was approximately ¥236.35 million, a decrease of 33.3% compared to ¥353.91 million in Q1 2022[24] Research and Development - Research and development efforts were increased, resulting in new product trials in yeast and food ingredients[14] - Research and development expenses for Q1 2023 amounted to CNY 130,301,728.62, an increase from CNY 119,850,888.67 in Q1 2022[21] - Research and development expenses increased to CNY 77,482,729.60 in Q1 2023, up from CNY 63,232,524.16 in Q1 2022, reflecting a growth of 22.6%[29] Market Strategy - The company focused on key regions and major clients for domestic market marketing, enhancing sales channels and service capabilities[14] - International market growth was supported by local employees in overseas subsidiaries, contributing to a positive growth trend[14] - The company intensified production organization to ensure full production capacity and improve product quality through process optimization[14] Compliance and Governance - The company is committed to compliance management and risk prevention measures to enhance internal governance and management efficiency[14] - The company did not apply new accounting standards or interpretations for the first quarter of 2023[33]