NBYS(SH:600366)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,430,065,231.52, representing a year-on-year increase of 19.05%[6] - The net profit attributable to shareholders decreased by 74.38% to CNY 18,925,598.55 compared to the same period last year[6] - The basic earnings per share for the period was CNY 0.0175, down 76.51% year-on-year[7] - Total operating revenue for Q1 2023 reached ¥1,430,065,231.52, an increase of 19.06% compared to ¥1,201,277,615.32 in Q1 2022[21] - Net profit for Q1 2023 was ¥19,337,366.04, a decrease of 73.85% compared to ¥73,856,669.01 in Q1 2022[22] - The company’s total comprehensive income for Q1 2023 was ¥18,940,482.92, down from ¥73,649,263.53 in Q1 2022[23] - Basic earnings per share for Q1 2023 were ¥0.0175, a decrease from ¥0.0745 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,787,821,893.53, an increase of 0.97% from the end of the previous year[7] - As of March 31, 2023, the company's total assets amounted to RMB 9.79 billion, an increase from RMB 9.69 billion at the end of 2022[17] - Total liabilities as of Q1 2023 amounted to ¥3,615,724,783.06, compared to ¥3,559,740,691.40 in the previous year[19] - The company reported a total current liability of RMB 1.11 billion in short-term borrowings, down from RMB 1.36 billion at the end of 2022[17] Cash Flow - The net cash flow from operating activities was negative at CNY -17,231,020.29, indicating cash outflow during the period[6] - In Q1 2023, the cash inflow from operating activities totaled CNY 1,248,890,431.12, a significant increase from CNY 871,716,950.34 in Q1 2022, representing a growth of approximately 43.3%[25] - The cash outflow for purchasing goods and services was CNY 1,018,919,735.58, down from CNY 1,468,950,467.05 in Q1 2022, indicating a reduction of about 30.7%[25] - Cash inflow from financing activities was CNY 920,000,000.00, down from CNY 1,166,000,000.00 in Q1 2022, reflecting a decrease of approximately 21.1%[26] - The net cash flow from financing activities was CNY 153,431,998.77, a significant drop from CNY 839,795,309.71 in the same quarter last year[26] Shareholder Information - The company had a total of 78,272 common shareholders at the end of the reporting period[10] - The company held 13.29 million shares in its stock repurchase account as of the reporting period[13] Research and Development - Research and development expenses increased by 38.82% year-on-year, indicating a focus on innovation[9] - Research and development expenses increased to ¥117,275,402.87, up 38.86% from ¥84,481,939.62 in Q1 2022[21] Revenue Breakdown - Sales revenue from neodymium iron boron permanent magnet materials for electric vehicles reached RMB 513 million, a significant increase of 116% compared to the same period last year[14] - Revenue from neodymium iron boron permanent magnet materials for consumer electronics applications was RMB 267 million, a decrease of 35% year-on-year due to a weak recovery in the 3C consumer electronics market[14] - Revenue from neodymium iron boron permanent magnet materials for industrial and other applications was RMB 465 million, reflecting a year-on-year growth of 13%[14] - The company supplied approximately 405,700 main drive motors for domestic electric vehicles, capturing an estimated market share of 30.9% in the domestic new energy passenger vehicle market[14] Contract Liabilities - The company reported a significant increase in contract liabilities by 714.25%, primarily due to an increase in advance payments received[9] - The company’s contract liabilities increased to ¥134,031,469.23 from ¥16,460,759.69 in the previous year, indicating a significant growth in customer prepayments[21]