FSSS(600399)2023-04-19 16:00Financial Performance - In Q1 2023, the company's operating revenue reached ¥2,008,580,081.26, representing a year-on-year increase of 10.24%[16] - The net profit attributable to shareholders decreased by 29.49% to ¥60,222,965.85, primarily due to rising raw material and energy costs leading to a decline in gross profit[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 38.23% to ¥39,880,194.57[16] - The basic earnings per share decreased by 29.49% to ¥0.0305[16] - The diluted earnings per share also decreased by 29.49% to ¥0.0305[16] - The company reported a decrease in contract liabilities from RMB 356,248,810.40 to RMB 272,193,742.92, a decline of approximately 23.5%[24] - The company recorded a total profit of 59,297,965.81 RMB in Q1 2023, down from 87,202,594.51 RMB in Q1 2022, a decrease of about 32.0%[36] - The company's net profit for Q1 2023 was 60,222,965.85 RMB, down from 85,411,027.84 RMB in Q1 2022, indicating a decrease of about 29.5%[38] Cash Flow and Liquidity - The net cash flow from operating activities was reported at -¥686,998,333.63, indicating a decrease due to increased inventory and bill receivables[16] - In Q1 2023, the company reported a net cash flow from operating activities of -686,998,333.63 RMB, a significant decline compared to 71,587,726.70 RMB in Q1 2022[32] - The company’s cash inflow from operating activities was 1,213,390,938.58 RMB in Q1 2023, down from 1,640,326,870.10 RMB in Q1 2022, a decrease of approximately 26.0%[32] - The company’s cash outflow from operating activities increased to 1,900,389,272.21 RMB in Q1 2023, compared to 1,568,739,143.40 RMB in Q1 2022, an increase of approximately 21.09%[32] - Cash inflow from investment activities totaled 202,755,400.00 RMB in Q1 2023, compared to 114,595,719.58 RMB in Q1 2022, marking an increase of about 76.67%[32] - The net increase in cash and cash equivalents was a decrease of $614,746,848.40, compared to a decrease of $316,899,873.32 in the previous period[39] - The ending balance of cash and cash equivalents was $428,707,825.97, down from $561,723,049.77 in the previous period[39] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥11,785,430,212.05, a slight decrease of 0.02% compared to the end of the previous year[17] - The equity attributable to shareholders increased by 1.00% to ¥6,114,654,050.14 compared to the end of the previous year[17] - Non-current assets totaled RMB 5,391,259,772.43, up from RMB 5,300,541,821.65, indicating an increase of about 1.7%[24] - Current liabilities decreased to RMB 2,669,948,714.42 from RMB 2,729,452,760.39, a reduction of about 2.2%[24] - Non-current liabilities totaled RMB 3,000,827,447.49, a slight decrease from RMB 3,003,785,243.81, showing a decline of approximately 0.1%[24] - Long-term borrowings remained stable at RMB 2,541,805,385.81, showing minimal change from RMB 2,541,801,983.03[24] Inventory and Operational Focus - The company reported a significant increase in inventory, which rose to ¥2,666,655,891.80 from ¥2,548,998,600.12 in the previous year[20] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[24] Tax and Other Financial Metrics - The company’s tax expenses for Q1 2023 were -925,000.04 RMB, compared to 1,791,566.67 RMB in Q1 2022, indicating a significant reduction in tax liabilities[36] - The company’s investment income received in Q1 2023 was 2,755,400.00 RMB, compared to 769,719.58 RMB in Q1 2022, representing an increase of about 257.0%[32] Reporting and Oversight - The first quarter report was released on April 20, 2023[42] - The financial report was overseen by the company’s responsible personnel, including the accounting work supervisor and accounting institution head[43]