AYIS(SH:600569)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥9,870,853,872.18, representing a year-on-year increase of 16.69%[13] - The net profit attributable to shareholders of the listed company was -¥372,170,586.05, indicating a loss[13] - Operating revenue for the first quarter of 2023 was approximately ¥9.87 billion, an increase from ¥8.46 billion in the same period of 2022, representing a growth of about 16.7%[25] - Total operating costs for the first quarter of 2023 were approximately ¥10.43 billion, up from ¥9.21 billion in the previous year, indicating an increase of around 13.2%[25] - The company reported a net loss of approximately ¥501.5 million in operating profit for the first quarter of 2023, an improvement from a loss of ¥748 million in the same quarter of 2022[25] - The total net loss for the current period is approximately $381.99 million, compared to a net loss of $559.46 million in the previous period, representing a 31.7% improvement[75] - The total profit (loss) for the current period is approximately -$500.23 million, an improvement from -$745.41 million in the previous period, indicating a 32.9% reduction in losses[75] Cash Flow - The net cash flow from operating activities was ¥1,394,432,625.30, showing an increase of 84.84% compared to the previous year[13] - Cash inflow from operating activities totaled approximately ¥11.46 billion, while cash outflow was about ¥10.07 billion, resulting in a net increase in cash flow from operations[28] - Investment activities resulted in a net cash outflow of approximately ¥166.86 million, compared to a net outflow of ¥456.21 million in the previous year, showing a reduction in cash outflow[29] - Cash inflow from financing activities was approximately ¥2.25 billion, an increase from ¥2.12 billion in the first quarter of 2022[29] - The company reported a net increase in cash and cash equivalents of CNY 629,757,368.69 for Q1 2023, compared to CNY 99,283,037.45 in Q1 2022[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥42,976,610,464.42, up by 0.82% from the end of the previous year[5] - Total liabilities increased to CNY 27,434,016,330.92 from CNY 26,824,882,916.34 year-over-year, reflecting a rise in short-term borrowings[53] - The total assets as of March 31, 2023, were CNY 35,310,297,527.27, compared to CNY 35,050,566,798.38 at the end of 2022[52] - The total liabilities increased to approximately $35.24 billion from $34.52 billion, reflecting a growth of 2.1%[74] - The total non-current liabilities rose to approximately $6.54 billion from $5.90 billion, an increase of 10.9%[74] Shareholder Equity - The equity attributable to shareholders of the listed company decreased by 4.86% to ¥7,100,094,183.42 compared to the end of the previous year[5] - The total equity attributable to shareholders decreased to approximately $7.10 billion from $7.46 billion, a decline of 4.8%[74] - The company’s total equity showed a decline in retained earnings, with an accumulated loss of CNY -1,277,765,764.44 as of March 31, 2023[53] Expenses - The company’s research and development expenses for the first quarter of 2023 were approximately ¥146.78 million, a decrease from ¥160.84 million in the same period of 2022, indicating a reduction of about 8.7%[25] - The company reported a decrease in sales expenses to approximately ¥47.32 million from ¥56.29 million year-over-year, reflecting a decline of about 16%[25] - The company’s financial expenses remained stable at CNY 120,148,419.49 in Q1 2023, slightly down from CNY 120,973,710.37 in Q1 2022[54] Earnings Per Share - The company reported a diluted earnings per share of -0.130 for Q1 2023, an improvement from -0.189 in Q1 2022[50] - The basic earnings per share for the current period is -0.130, compared to -0.189 in the previous period, showing an improvement of 31.1%[75] Other Financial Metrics - The weighted average return on net assets was -0.05% for the reporting period[5] - The gross profit margin improved due to cost reduction efforts, although the overall operating performance was below expectations due to high raw material prices and weak steel demand[63]