2023-04-27 16:00Financial Performance - In Q1 2023, the company achieved revenue of RMB 65.07 billion, a year-on-year increase of 8.02%[4] - The net profit attributable to shareholders reached RMB 3.97 billion, reflecting a growth of 12.60% compared to the same period last year[4] - The net profit after deducting non-recurring items was RMB 3.70 billion, up 15.95% year-on-year[4] - Total operating revenue for Q1 2023 reached RMB 65.07 billion, an increase of 8.9% compared to RMB 60.23 billion in Q1 2022[20] - The total profit for Q1 2023 was CNY 4,843,182,647.08, up from CNY 4,331,550,105.70 in Q1 2022, showing an increase of 11.8%[21] - The company reported a significant increase in investment income, totaling CNY 92,756,960.39 in Q1 2023, compared to CNY 60,057,927.78 in Q1 2022, marking a growth of approximately 54.3%[29] Cost and Expenses - Total operating costs for Q1 2023 were RMB 60.74 billion, up from RMB 56.37 billion in Q1 2022, reflecting a rise of 7.0%[20] - Research and development expenses increased to CNY 2,739,021,316.21 in Q1 2023, compared to CNY 2,484,205,885.15 in Q1 2022, marking a rise of 10.3%[21] - The financial expenses increased to CNY 205,328,453.60 in Q1 2023, compared to CNY 137,381,336.32 in Q1 2022, a rise of 49.3%[21] - The cash paid to employees increased to CNY 8,154,764,481.51 in Q1 2023, compared to CNY 7,412,130,414.77 in Q1 2022, representing a rise of 10.0%[24] - The cash paid for taxes in Q1 2023 was CNY 3,599,653,547.65, significantly higher than CNY 2,389,129,384.00 in Q1 2022, showing an increase of 50.7%[24] Cash Flow and Liquidity - The operating cash flow for Q1 2023 was RMB 1.35 billion, an increase of RMB 209 million from the previous year[9] - The company's cash and cash equivalents amounted to RMB 55.28 billion as of March 31, 2023, compared to RMB 54.16 billion at the end of 2022[16] - The net cash flow from operating activities for Q1 2023 was CNY 1,354,792,344.20, an increase of 18.2% compared to CNY 1,146,182,999.38 in Q1 2022[24] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 54,538,102,505.57, up from CNY 45,613,438,550.13 at the end of Q1 2022, representing an increase of 19.5%[25] - The company's cash flow from operating activities outpaced cash outflows, resulting in a net increase in cash and cash equivalents of CNY 1,146,402,576.08 in Q1 2023, compared to CNY 409,615,549.05 in Q1 2022, an increase of 179.5%[25] Assets and Liabilities - The company's total assets amounted to RMB 238.08 billion in Q1 2023, up from RMB 235.95 billion in Q1 2022, a growth of 0.5%[19] - The total liabilities increased to CNY 40,581,090,160.91 as of March 31, 2023, from CNY 35,845,877,848.27 at the end of 2022, marking an increase of 13.6%[27] - The company's asset-liability ratio decreased to 58.8%, down 1.0 percentage points from the end of 2022[10] - The company's accounts receivable increased to RMB 20.04 billion in Q1 2023, compared to RMB 15.89 billion in Q1 2022, representing a growth of 26.5%[18] - Inventory decreased to RMB 40.51 billion in Q1 2023 from RMB 41.59 billion in Q1 2022, a decline of 2.6%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 181,856[12] - The top shareholder, HKSCC NOMINEES LIMITED, holds 2,239,836,072 shares, representing 23.71% of the total shares[12] - The total equity attributable to shareholders reached RMB 96.84 billion in Q1 2023, compared to RMB 93.45 billion in Q1 2022, an increase of 3.2%[19] Investments and Expansion - The company invested USD 160 million in building an ecological park in Egypt, which will produce over one million units of appliances[7] - The overseas business revenue grew by 11.3% in Q1 2023, with high-end brand growth reaching 42% in Europe[7] Financial Reporting and Compliance - The company reported its first quarter financial results on April 27, 2023[35] - The financial report includes adjustments for the first-time application of new accounting standards[35] - The company continues to focus on compliance with financial reporting standards[35] - The financial statements for the first quarter were prepared in accordance with applicable regulations[35] - The report indicates that there are no significant changes in accounting policies for the current year[35] - The company aims to enhance transparency in its financial reporting[35] - The report does not provide specific performance metrics or future guidance[35]