SWEC(SH:600641)2023-04-28 16:00Financial Performance - The net profit attributable to shareholders of the listed company increased by 194.88% compared to the same period last year, mainly due to increased financial investment income and fair value changes of held stocks [7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 48.83%, primarily due to significant increases in R&D expenditures by the subsidiary Kaishitong compared to the previous year [7]. - Basic and diluted earnings per share both reached 188.51 yuan, reflecting the increase in financial investment income and fair value changes of held stocks compared to the previous year [7]. - Net profit attributable to shareholders of the listed company was ¥80,322,179.80, a significant increase of 194.88% from the previous year's ¥27,200,000 [19]. - The net profit after deducting non-recurring gains and losses was ¥12,728,325.59, which is a decrease of 48.83% compared to the previous year [19]. - The net profit for the current period is 69,876,739.64 RMB, a significant increase from 23,052,136.67 RMB in the previous period, representing a growth of approximately 203.5% [36]. - Operating profit reached 101,198,735.87 RMB, compared to 34,157,932.31 RMB in the prior period, indicating an increase of about 195.5% [36]. - The total profit amounted to 99,293,645.55 RMB, compared to 32,122,207.65 RMB in the previous period, marking an increase of around 209.5% [36]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 681.11%, mainly due to a significant reduction in cash inflow from property sales as the sales phase concluded [7]. - The net cash flow from operating activities for Q1 2023 was -¥184,120,184.12, a decrease of 681.11% compared to the previous year [19]. - The company reported a net cash flow from operating activities of -184,120,184.12 RMB, a decline from 31,684,117.02 RMB in the previous period [38]. - Cash outflow from operating activities in Q1 2023 totaled ¥355,722,333.75, slightly down from ¥403,670,407.69 in Q1 2022, reflecting a decrease of about 11.86% [32]. - Total cash and cash equivalents as of March 31, 2023, reached ¥3,047,445,237.94, an increase from ¥2,743,825,566.41 as of December 31, 2022, representing a growth of approximately 11.06% [26]. - The cash and cash equivalents at the end of the period totaled 3,047,445,237.94 RMB, down from 3,136,963,075.90 RMB in the previous period [38]. Assets and Liabilities - Total assets amounted to 9,865,065,996.40 yuan, an increase from 9,762,173,591.65 yuan in the previous period [12]. - The company's total assets as of the end of Q1 2023 were ¥9,865,065,996.40, up 1.05% from ¥9,762,173,591.65 at the end of the previous year [19]. - Total liabilities amounted to ¥1,420,891,366.76, compared to ¥1,377,443,447.82 in the previous year, indicating a growth in liabilities [19]. - Non-current liabilities included long-term borrowings of 30,200,000.00 yuan, up from 15,000,000.00 yuan in the previous period [12]. - The company reported a decrease in accounts payable from 173,992,793.92 yuan to 141,661,316.98 yuan [12]. - The company’s intangible assets decreased slightly from 124,591,854.66 yuan to 122,007,360.33 yuan [12]. - The total current assets as of March 31, 2023, were ¥5,270,227,236.31, down from ¥5,449,832,532.04 as of December 31, 2022, indicating a decrease of about 3.29% [26]. - The company’s long-term equity investments as of March 31, 2023, were valued at ¥758,269,043.93, slightly down from ¥762,278,069.35 as of December 31, 2022, a decrease of approximately 0.12% [26]. Research and Development - The company plans to continue focusing on R&D investments to enhance its competitive edge in the market [7]. - Research and development expenses surged to 25,728,460.07 RMB, up from 6,141,602.29 RMB, reflecting a rise of approximately 319.5% [36]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 61,824, with the largest shareholder holding 29.27% of the shares [22]. Investment and Financial Income - The company recorded investment income of 57,454,596.58 RMB, significantly higher than 24,107,777.25 RMB in the previous period, representing an increase of about 138.5% [36]. - The company experienced a foreign exchange loss of -1,086,460.12 RMB, compared to -634,214.80 RMB in the previous period, reflecting a worsening of about 71.1% [36]. - The financial expenses showed a reduction, with interest expenses at 3,052,372.65 RMB compared to 809,820.21 RMB previously, indicating a rise of approximately 276.5% [36].