BENEFO(SH:600468)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥500,151,183.76, representing a decrease of 3.52% compared to the same period last year [3] - The net profit attributable to shareholders was ¥29,107,408.58, an increase of 6.02% year-on-year [3] - The net profit after deducting non-recurring gains and losses was ¥28,708,449.20, reflecting a growth of 6.20% compared to the previous year [3] - The basic earnings per share (EPS) was ¥0.0268, which increased by 6.35% year-on-year [3] - The weighted average return on equity (ROE) was 1.47%, up by 0.03 percentage points from the previous year [3] - The net profit attributable to the parent company shareholders for Q1 2023 was ¥29,107,408.58, an increase of 6.01% from ¥27,454,348.01 in Q1 2022 [35] - The total comprehensive income attributable to the parent company owners decreased to ¥27,357,801.58 in Q1 2023 from ¥29,852,743.01 in Q1 2022, reflecting a decline of 8.36% [35] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,785,785,085.20, showing a slight increase of 0.43% from the end of the previous year [3] - Total assets as of March 31, 2023, were ¥3,802,084,395.31, slightly up from ¥3,785,785,085.20 at the end of 2022 [32] - Total liabilities decreased to ¥1,625,890,030.50 from ¥1,640,915,073.83, a reduction of 0.9% [32] - Shareholders' equity attributable to the parent company was ¥1,967,091,584.73, an increase of 1.46% compared to the previous year-end [3] Cash Flow - The net cash flow from operating activities was negative at -¥64,028,322.14, indicating a significant cash outflow [3] - The operating cash inflow for Q1 2023 was ¥545,003,013.43, up 63.25% from ¥333,832,531.13 in Q1 2022 [37] - The net cash flow from operating activities for Q1 2023 was -¥64,028,322.14, an improvement compared to -¥71,721,051.31 in Q1 2022 [39] - The cash flow from financing activities generated a net inflow of ¥13,937,549.16 in Q1 2023, compared to a net outflow of -¥34,542,418.46 in Q1 2022 [39] - The cash and cash equivalents at the end of Q1 2023 amounted to ¥527,556,296.35, a decrease from ¥405,181,307.11 at the end of Q1 2022 [39] Shareholder Information - The company reported a total of 41,471 common shareholders at the end of the reporting period [25] - The largest shareholder, Tianjin Hydraulic Machinery Group Co., Ltd., held 579,606,870 shares, accounting for 53.29% of the total shares [25] Operating Costs and Expenses - Total operating costs for Q1 2023 were ¥471,126,358.37, down from ¥487,606,228.06 in Q1 2022, reflecting a cost reduction of 3.2% [34] - The total operating expenses increased to ¥609,031,335.57 in Q1 2023 from ¥405,553,582.44 in Q1 2022, indicating a rise of 50.19% [37] - The company reported a significant increase in research and development expenses to ¥26,895,455.20 from ¥24,651,644.99, an increase of 9.1% [34] Other Financial Metrics - Cash and cash equivalents decreased to ¥599,855,547.45 from ¥646,100,995.58, a decline of 7.1% [29] - Accounts receivable increased to ¥1,038,679,658.81 from ¥992,682,857.15, representing a rise of 4.6% [29] - Inventory rose to ¥518,674,920.86, up from ¥451,412,695.70, marking an increase of 14.9% [29] - The deferred income tax assets increased to ¥20,405,943.58 from ¥17,386,510.55, reflecting a growth of 17.0% [31] - The company reported a decrease in other comprehensive income after tax, with a loss of -¥1,749,607.00 in Q1 2023 compared to a gain of ¥2,398,395.00 in Q1 2022 [35] - The cash inflow from investment activities was ¥10,017,350.00 in Q1 2023, significantly higher than ¥328,446.00 in Q1 2022 [39]