XEMC(SH:600416)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,151,247,697.90, representing a year-on-year increase of 10.09%[4] - Net profit attributable to shareholders was CNY 102,204,806.26, showing a significant increase of 103.67% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 95,833,617.71, up 113.10% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.08, reflecting a 100% increase year-on-year[4] - Total operating revenue for Q1 2023 reached ¥1,151,247,697.90, an increase of 10.1% compared to ¥1,045,750,628.47 in Q1 2022[18] - Net profit for Q1 2023 was ¥100,468,328.50, a significant increase of 62.5% from ¥61,730,932.70 in Q1 2022[19] - Total comprehensive income for Q1 2023 was ¥100,468,328.50, up from ¥61,730,932.70 in Q1 2022[19] - The company reported a net cash flow from operating activities of ¥7,020,213.28, recovering from a negative cash flow of ¥60,123,547.57 in Q1 2022[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -61,046,495.17, a decrease of 69.83% compared to the previous year[4] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥13,346,980.63 in Q1 2023 from ¥34,776,802.87 in Q1 2022[18] - The total cash and cash equivalents at the end of Q1 2023 amounted to ¥1,407,748,081.86, a decrease of ¥542,041,912.43 compared to the beginning of the period[22] - The total cash and cash equivalents at the end of Q1 2023 were ¥776,840,649.50, down from ¥1,249,580,338.19 at the beginning of the quarter[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,503,836,382.97, down 4.55% from the end of the previous year[5] - The company's current assets totaled RMB 9,630,532,788.65, down from RMB 10,255,715,790.65, indicating a decrease of about 6.06% year-over-year[14] - The company's total liabilities were RMB 6,469,896,112.15, down from RMB 7,215,624,433.10, reflecting a decrease of approximately 10.34%[17] - The total assets decreased from ¥12,238,870,057.15 at the end of 2022 to ¥11,620,855,808.18 at the end of Q1 2023, reflecting a decline of approximately 5.04%[25] - The total liabilities decreased from ¥5,431,655,260.29 at the end of 2022 to ¥4,746,784,275.95 at the end of Q1 2023, a decline of approximately 12.59%[25] Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 7,035,030,386.51, an increase of 1.50% compared to the end of last year[5] - The company's equity attributable to shareholders increased to RMB 7,035,030,386.51 from RMB 6,931,399,021.45, representing a growth of approximately 1.50%[17] - The total equity increased from ¥6,807,214,796.86 at the end of 2022 to ¥6,874,071,532.23 at the end of Q1 2023, reflecting a growth of approximately 0.98%[26] Expenses - Total operating costs for Q1 2023 were ¥1,047,486,108.47, up from ¥1,034,389,162.71 in Q1 2022, reflecting a growth of 1.4%[18] - Research and development expenses for Q1 2023 were ¥21,034,977.86, a decrease of 7.2% from ¥22,668,964.91 in Q1 2022[18] - The company incurred financial expenses of ¥11,932,672.90 in Q1 2023, a decrease from ¥34,481,542.90 in Q1 2022[27] - The company’s sales expenses increased to ¥20,207,254.56 in Q1 2023 from ¥16,023,614.26 in Q1 2022[27] Borrowings - Short-term borrowings rose to RMB 1,240,154,166.67 from RMB 901,068,633.67, indicating an increase of about 37.66%[15] - The company’s long-term borrowings decreased significantly from RMB 1,701,921,433.00 to RMB 980,000,000.00, a reduction of approximately 42.36%[17] - The company's short-term borrowings increased to ¥1,180,100,000.00 in Q1 2023 from ¥841,014,467.00 at the end of 2022, representing a rise of approximately 40.23%[25] Inventory and Receivables - The company reported a decrease in inventory to RMB 1,991,959,516.14 from RMB 2,149,237,753.82, which is a decline of about 7.31%[14] - Accounts receivable increased to RMB 4,163,938,102.29 from RMB 4,033,625,492.87, showing a growth of about 3.23%[14] - The accounts receivable decreased from ¥3,264,206,303.18 at the end of 2022 to ¥2,970,348,974.71 at the end of Q1 2023, a decline of about 9.00%[23]