NARI-TECH(SH:600406)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥6,195,037,934.49, representing a year-on-year increase of 7.65%[4] - Net profit attributable to shareholders for Q1 2023 was ¥525,713,864.41, reflecting a significant increase of 38.68% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥464,495,381.30, which is up by 29.28% year-on-year[4] - The basic earnings per share for Q1 2023 was ¥0.08, an increase of 38.40% compared to the previous year[6] - The diluted earnings per share also stood at ¥0.08, marking a 39.08% increase year-on-year[6] - The weighted average return on equity was 1.23%, an increase of 0.3 percentage points compared to the previous year[6] - Total operating revenue for Q1 2023 was CNY 6,195,037,934.49, an increase of 7.67% compared to CNY 5,754,792,012.74 in Q1 2022[18] - Net profit for Q1 2023 reached CNY 531,372,817.55, representing a 35.8% increase from CNY 391,617,511.23 in Q1 2022[19] - The company reported a total comprehensive income of CNY 548,406,421.15 for Q1 2023, compared to CNY 390,447,019.66 in Q1 2022, an increase of 40.5%[20] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥73,971,353,145.35, a decrease of 3.51% from the end of the previous year[6] - As of March 31, 2023, the total assets of NARI amounted to approximately RMB 73.97 billion, a decrease from RMB 76.67 billion at the end of 2022, representing a decline of about 3.5%[14][15] - The company's cash and cash equivalents decreased to RMB 12.48 billion from RMB 14.74 billion, a reduction of approximately 15.3%[14] - Accounts receivable stood at RMB 21.79 billion, down from RMB 22.74 billion, indicating a decrease of about 4.2%[14] - The company's total liabilities decreased to CNY 27,954,089,451.94 in Q1 2023 from CNY 31,307,197,464.91 in Q1 2022, a reduction of approximately 10.5%[17] - The total current liabilities decreased to RMB 24.67 billion from RMB 26.09 billion, indicating a reduction of approximately 5.4%[15] Cash Flow - The net cash flow from operating activities was negative at -¥2,027,895,648.83, indicating increased cash payments for goods and services[6] - The company reported cash flow from operating activities showed improvement, contributing positively to the overall financial health in Q1 2023[19] - In Q1 2023, the cash inflow from operating activities was CNY 8,588,916,876.02, an increase of 5.9% compared to CNY 8,108,513,111.80 in Q1 2022[21] - The net cash outflow from operating activities was CNY -2,027,895,648.83, worsening from CNY -1,385,072,391.32 in the same period last year[21] - The cash inflow from investment activities totaled CNY 1,761,723,136.47, up from CNY 1,341,461,884.32 in Q1 2022[22] - The cash inflow from financing activities was CNY 38,413,300.00, significantly lower than CNY 713,524,104.00 in Q1 2022[22] Shareholder Information - The equity attributable to shareholders increased to ¥43,116,551,412.69, up by 1.53% from the previous year[6] - NARI's major shareholder, NARI Group, holds 51.48% of the shares, indicating a strong control over the company[12] - The total equity attributable to shareholders increased to CNY 43,116,551,412.69 in Q1 2023, up from CNY 42,466,099,217.30 in Q1 2022, reflecting a growth of 1.53%[17] Research and Development - Research and development expenses in Q1 2023 amounted to CNY 603,999,970.55, compared to CNY 466,426,264.56 in Q1 2022, indicating a significant increase of 29.5%[18] Future Plans - The company plans to continue focusing on market expansion and new technology development in the upcoming quarters[12] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[19] Stock and Share Repurchase - The company repurchased and canceled 346,125 shares of restricted stock from 14 individuals, which were not compliant with the incentive plan regulations[13] - A total of 13,153,531 shares were released from restrictions for 942 eligible participants under the 2018 incentive plan[13]