SPM(SH:600459)2023-04-25 16:00Financial Performance - Total operating revenue for Q1 2023 reached ¥10,085,586,771.03, an increase of 11.39% compared to ¥9,048,414,512.27 in Q1 2022[1] - Net profit attributable to shareholders was ¥157,724,122.39, a decrease of 14.83% from the previous year[11] - Basic earnings per share for Q1 2023 was ¥0.21, down 32.26% compared to ¥0.31 in Q1 2022[31] - Net profit for Q1 2023 was ¥163,730,894.71, down from ¥191,776,763.03 in Q1 2022, reflecting a decrease of about 14.6%[54] - Operating profit for Q1 2023 was ¥197,715,884.69, compared to ¥233,009,889.33 in Q1 2022, a decline of approximately 15.1%[54] - The company reported a decrease in comprehensive income to ¥162,092,182.09 from ¥191,413,234.49, a decline of approximately 15.3%[55] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥12,613,611,298.64, a decrease of 3.53% from ¥13,075,417,784.39 at the end of the previous year[8] - Total current assets decreased to ¥10,754,179,869.23 from ¥11,240,325,288.79, a decline of approximately 4.3% year-over-year[48] - Total liabilities decreased to ¥6,227,051,659.91 from ¥6,879,884,712.55, a reduction of approximately 9.5%[51] - Shareholders' equity increased to ¥6,386,559,638.73 from ¥6,195,533,071.84, reflecting an increase of about 3.1%[51] - The company's equity attributable to shareholders increased by 3.16% to ¥6,125,903,829.91 from ¥5,938,289,814.37[8] Cash Flow - The net cash flow from operating activities was negative at -¥583,160,934.76, indicating a significant cash outflow[11] - Cash inflow from operating activities totaled ¥11,366,728,984.65, an increase from ¥8,094,171,517.57 in Q1 2022, representing a growth of about 40.0%[57] - Operating activities generated a net cash flow of -583,160,934.76, worsening from -155,368,932.71 in the prior period[63] - Total cash outflows from operating activities amounted to 11,949,889,919.41, compared to 8,249,540,450.28 in the previous period, reflecting increased operational expenses[63] - The net increase in cash and cash equivalents was -1,957,716,281.08, compared to -876,119,768.73 in the previous period, highlighting a deteriorating liquidity position[58] Costs and Expenses - Operating costs for Q1 2023 were ¥9,906,288,403.54, up from ¥8,850,235,015.76 in Q1 2022[1] - Research and development expenses decreased to ¥34,839,988.96 from ¥38,904,382.26 year-over-year[1] - The company paid 142,256,149.83 in cash to employees, significantly higher than 65,918,356.73 in the previous period, indicating increased labor costs[63] - The company incurred tax payments of 117,139,090.23, slightly lower than 142,290,162.37 in the previous period[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,714[43] - The largest shareholder, Yunnan Investment Holding Group Co., Ltd., holds 38.53% of the shares, totaling 293,256,319 shares[45] - The company has not disclosed any significant related party transactions among the top shareholders[46] Other Financial Metrics - The weighted average return on equity decreased to 2.61%, down by 2.20 percentage points compared to the previous year[11] - The weighted average return on net assets was 2.20 percentage points lower compared to the previous year, attributed to an increase in net assets and a decrease in net profit[43] - The diluted earnings per share also decreased by 32.26% for the same reasons as the basic earnings per share[43] - The company reported a government subsidy recognized in the current period amounting to ¥10,161,470.37[40] - The fair value change of financial assets and liabilities resulted in a gain of ¥6,317,030.16[41] - The company reported a cash inflow of 137,664.00 from the disposal of fixed assets, with no prior inflow recorded[63] Strategic Developments - There were no significant new strategies or product developments mentioned in the conference call[42]