COMEC(SH:600685)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,898,863,467.22, representing a 68.27% increase compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥26,665,452.21, indicating a loss[4] - The net profit for Q1 2023 was a loss of ¥52,149,413.71, worsening from a loss of ¥32,073,817.66 in Q1 2022[23] - The net profit attributable to shareholders of the parent company for the first quarter of 2023 was -26,665,452.21 RMB, compared to -12,318,793.85 RMB in the same period of 2022, representing a decline of approximately 116.5%[24] - The total comprehensive income for the first quarter of 2023 was 128,614,753.30 RMB, a significant improvement from -1,274,108,215.88 RMB in the first quarter of 2022[24] Cash Flow - The net cash flow from operating activities decreased by 92.87% to ¥216,779,439.99[4] - Cash flow from operating activities for the first quarter of 2023 was 216,779,439.99 RMB, a decrease of approximately 92.9% from 3,038,823,824.90 RMB in the first quarter of 2022[26] - The net cash flow from investment activities for the first quarter of 2023 was -2,966,179,474.47 RMB, compared to -3,234,324,229.37 RMB in the first quarter of 2022, indicating a slight improvement[27] - Cash flow from financing activities in the first quarter of 2023 was -1,189,027,326.36 RMB, contrasting with a positive cash flow of 386,227,040.76 RMB in the same period of 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥46,179,251,628.52, a decrease of 0.65% from the end of the previous year[5] - Total liabilities were reported at ¥27,674,295,017.69, a minor decrease from ¥27,729,082,780.77[20] - The company's total assets amounted to ¥46,179,251,628.52, slightly down from ¥46,479,786,644.65 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,016[13] - HKSCC NOMINEES LIMITED held 589,239,818 shares, representing 41.69% of total shares, making it the largest shareholder[13] Operating Costs and Expenses - Operating costs increased by 75.86% to ¥1,803,181,205.07, in line with the rise in operating revenue[11] - Total operating costs for Q1 2023 were ¥1,962,044,650.92, compared to ¥1,212,346,783.58 in Q1 2022, indicating an increase of about 62%[22] - Research and development expenses decreased by 35.31% to ¥60,831,504.73, reflecting a variance in project costs[11] - Research and development expenses for Q1 2023 were ¥60,831,504.73, down from ¥94,030,060.04 in Q1 2022, indicating a reduction of approximately 35%[22] Investment and Financial Assets - The company reported a significant decrease in trade financial assets by 58.90% to ¥12,278,655.84 due to the maturity of certain financial derivatives[9] - The company reported a significant drop in investment income by 150.95% to -¥3,341,393.95, primarily due to reduced equity method income from joint ventures[11] - The company confirmed a deferred tax asset, leading to a corresponding decrease in deferred tax expenses[12] - The company received government subsidies amounting to ¥3,000,000.00, which are closely related to its operations[8] Cash and Equivalents - The company's cash and cash equivalents amounted to ¥13,658,558,539.51, a decrease from ¥14,813,771,761.29 at the end of the previous year[18] - The company's cash and cash equivalents decreased to ¥25,701,712,905.91 from ¥25,845,135,974.86, reflecting a decline of approximately 0.55%[20] - The total cash and cash equivalents at the end of the first quarter of 2023 were 7,120,245,732.44 RMB, compared to 5,603,782,132.34 RMB at the end of the first quarter of 2022, reflecting an increase of approximately 27.0%[27] Accounts Receivable and Inventory - Accounts receivable decreased to ¥831,347,090.81 from ¥1,068,053,871.94 year-on-year[18] - Inventory increased to ¥5,036,072,817.01 from ¥4,353,610,820.41 year-on-year[18] Non-Operating Income and Expenses - The net income from non-operating income increased by 79.94% to ¥1,011,927.74, attributed to increased insurance claim income[12] - Non-operating expenses rose by 202.85% to ¥768,002.78, primarily due to increased penalty expenses[12]