SUMEC(SH:600710)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 31,001,250,481.56, representing a year-on-year increase of 1.03%[3] - The net profit attributable to shareholders was CNY 252,682,456.77, reflecting a significant increase of 17.54% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 220,227,940.94, up by 5.86% year-on-year[3] - The basic earnings per share for the period was CNY 0.19, which is an increase of 18.75% from the previous year[3] - The total comprehensive income for Q1 2023 was ¥615,776,840.35, an increase from ¥553,405,487.23 in Q1 2022, reflecting a growth of about 11.29%[15] - The total net profit for the first quarter of 2023 was CNY 641,272,755.77, an increase of 16.5% compared to CNY 550,549,100.54 in the same period last year[36] - Operating profit for the first quarter reached CNY 762,738,326.63, up from CNY 676,689,213.79, reflecting a growth of approximately 12.7%[36] - Total revenue for the first quarter was CNY 30,332,147,607.15, compared to CNY 29,994,605,191.28 in the previous year, indicating a slight increase of 1.1%[36] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 55,130,739,086.78, a growth of 4.04% compared to the end of the previous year[3] - The total liabilities as of the end of the reporting period were ¥41,142,202,944.32, an increase from ¥39,596,520,461.87 year-over-year[12] - The total current liabilities reached CNY 38,842,085,791.17, an increase from CNY 37,528,793,040.29 in the previous year[3] - The total equity attributable to shareholders of the parent company was ¥6,501,852,224.05, up from ¥6,256,947,548.51 in the previous year[12] - The total equity reached $4.82 billion, compared to $4.81 billion in the previous year[22] Cash Flow - The net cash flow from operating activities was negative at CNY -1,033,713,471.99, indicating a significant cash outflow[3] - The net cash flow from operating activities for Q1 2023 was -¥1,033,713,471.99, an improvement from -¥2,563,834,883.80 in Q1 2022[16] - The net cash flow from investing activities was $121.29 million, a decrease from $187.38 million[19] - The total cash inflow from financing activities was $5.31 billion, down from $8.58 billion[19] - The net cash flow from financing activities was $3.83 billion, compared to $6.14 billion in the previous period[19] - The net cash flow from operating activities for Q1 2023 was -¥378,622.73, compared to -¥250,211.49 in Q1 2022, indicating a worsening cash flow situation[47] Shareholder Information - The company reported a total of 34,146 common shareholders at the end of the reporting period[29] - The largest shareholder, China National Machinery Industry Corporation, holds 41.60% of the shares, totaling 543,665,613 shares[29] Research and Development - Research and development expenses were not specified but are part of the overall management expenses of $370.85 million, down from $373.87 million[21] - Research and development expenses increased to CNY 116,674,115.69, up from CNY 85,517,812.40, representing a growth of 36.4%[36] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] - There were no significant mergers or acquisitions reported during the quarter, focusing instead on organic growth strategies[30] Other Financial Metrics - The company recorded other income of CNY 28,408,169.12, compared to CNY 16,778,200.84 in the previous year, marking a significant increase of 69.5%[36] - The company reported a decrease in other comprehensive income after tax for Q1 2023, amounting to -¥25,495,915.42, compared to a positive figure of ¥2,856,386.69 in Q1 2022[15] - Cash received from sales of goods and services in Q1 2023 totaled ¥41,411,591,814.77, slightly up from ¥41,052,344,074.92 in Q1 2022[16]