CCCCDC(SH:600720)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 811,940,854.45, a decrease of 12.57% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 10,651,353.92, an increase of 279.89% year-on-year[4] - Net profit for Q1 2023 was CNY 707,928.26, a decline of 50.7% compared to CNY 1,435,876.34 in Q1 2022[19] - Total profit for Q1 2023 was CNY 7,359,752.12, down 47.96% from CNY 14,127,304.57 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 1,976,094.22, compared to a total comprehensive loss of CNY 7,224,781.20 in the same period last year[27] Cash Flow - The net cash flow from operating activities was RMB 299,125,140.83, down 41.13% from the previous year[4] - Cash flow from operating activities for Q1 2023 was CNY 299,125,140.83, a decrease of 41.1% compared to CNY 508,128,017.65 in Q1 2022[21] - The cash flow from operating activities showed a net outflow of CNY 16,317,386.19 in Q1 2023, contrasting with a net inflow of CNY 150,485,801.07 in Q1 2022[29] - The company reported a financial expense of CNY -1,455,112.06 in Q1 2023, compared to CNY -460,532.36 in Q1 2022[17] - Cash inflow from financing activities totaled 50,000,000.00 RMB, while cash outflow was 228,600,945.34 RMB, resulting in a net cash flow of -178,600,945.34 RMB[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 12,111,230,188.06, an increase of 3.37% compared to the end of the previous year[4] - Total assets as of March 31, 2023, amounted to RMB 12,111,230,188.06, an increase from RMB 11,716,369,559.53 in the previous year[16] - Total liabilities reached RMB 2,645,131,250.94, compared to RMB 2,254,787,531.09 in the previous year, marking an increase of around 17.3%[15] - The total liabilities amounted to 1,082,798,645.21 RMB, compared to 943,033,651.01 RMB in the previous period[25] - The company's total equity reached 7,427,102,180.73 RMB, slightly up from 7,425,126,086.51 RMB at the end of the previous year[25] Shareholder Information - The company had a total of 66,017 common shareholders at the end of the reporting period[9] - The company's equity attributable to shareholders was RMB 8,677,894,915.48, slightly up from RMB 8,663,521,924.81[16] Inventory and Receivables - The net amount of receivables increased by 42.91% due to some key customers using bank acceptance bills for payment[7] - Accounts receivable decreased to RMB 392,881,133.66 from RMB 418,685,448.40, reflecting a decline of about 6.1%[14] - Inventory increased to RMB 837,353,660.08 from RMB 765,543,344.52, representing a growth of approximately 9.4%[14] - The net amount of prepaid accounts increased by 73.71% primarily due to prepayments for raw materials[7] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 800,815,470.47, down 11.97% from CNY 909,503,882.13 in Q1 2022[17] - The company reported a decrease in operating costs to CNY 525,323.07 from CNY 2,017,389.05 in Q1 2022, reflecting a reduction of approximately 73.96%[27] - The company's management expenses increased to CNY 11,599,037.74 in Q1 2023 from CNY 10,667,108.79 in Q1 2022, an increase of approximately 8.71%[27] Strategic Developments - The company has not disclosed any significant new strategies or product developments in the current report[11] - Research and development expenses were not specified in the report, indicating a focus on operational costs[17]