FW(SH:600742)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,152,816,450.39, representing a decrease of 2.78% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 68,723,509.61, down 8.80% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 60,168,914.64, reflecting a decline of 16.35% compared to the previous year[5]. - Basic earnings per share were CNY 0.0929, down 8.80% from the same period last year[6]. - Operating profit for Q1 2023 was CNY 105,443,743.22, compared to CNY 115,639,235.59 in the same period last year, indicating a decline of 8.67%[18]. - Net profit for Q1 2023 was CNY 105,531,077.70, down from CNY 117,662,735.48 in Q1 2022, representing a decrease of 10.3%[18]. - The net profit for Q1 2023 was ¥91,839,475.98, a decrease of 9.4% compared to ¥100,997,453.69 in Q1 2022[19]. - The net profit attributable to shareholders of the parent company was ¥68,723,509.61, down from ¥75,352,859.69, representing a decline of 8.6%[19]. - The basic earnings per share for Q1 2023 was ¥0.0929, down from ¥0.1019 in Q1 2022, a decrease of 9.8%[19]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 568,996,395.41, a decrease of 4.95% year-on-year[5]. - Operating cash flow for Q1 2023 was ¥568,996,395.41, slightly down from ¥598,610,416.60 in Q1 2022, a decrease of 4.5%[20]. - Cash inflow from operating activities totaled ¥4,052,570,271.68, compared to ¥5,088,594,296.62 in the previous year, reflecting a decline of 20.3%[20]. - Cash outflow from operating activities was ¥3,483,573,876.27, down from ¥4,489,983,880.02, a decrease of 22.4%[20]. - The company reported a net cash outflow from investing activities of ¥127,878,472.58, compared to a net outflow of ¥93,431,079.19 in the previous year[21]. - Total cash and cash equivalents at the end of Q1 2023 were ¥5,535,491,250.54, down from ¥5,751,854,448.50 at the end of Q1 2022[21]. - The net cash flow from financing activities was ¥89,579,623.93, compared to ¥74,020,355.36 in Q1 2022, an increase of 20.1%[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,216,282,297.22, an increase of 0.22% from the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 20,216,282,297.22, slightly up from CNY 20,171,896,700.88 at the end of 2022[15]. - Total liabilities decreased to CNY 10,690,845,988.63 from CNY 10,795,506,736.46, indicating a reduction of 0.97%[15]. - Shareholders' equity increased to CNY 9,525,436,308.59 from CNY 9,376,389,964.42, reflecting a growth of 1.59%[15]. Expenses - Research and development expenses increased by 25.93% due to the addition of new models, products, and technology projects[8]. - Sales expenses decreased by 57.33% primarily due to reduced provisions for product quality assurance, storage, handling, and packaging costs[7]. - Total operating costs for Q1 2023 were CNY 4,115,086,937.14, down from CNY 4,206,105,853.60 in Q1 2022, reflecting a cost reduction strategy[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,866[10]. - Cash and cash equivalents as of March 31, 2023, were CNY 6,005,955,864.27, an increase from CNY 5,494,252,720.92 at the end of 2022[14]. - Accounts receivable decreased to CNY 2,937,532,813.09 from CNY 3,204,905,916.29, a reduction of approximately 8.32%[14]. - Inventory increased to CNY 591,003,419.42 from CNY 565,798,879.67, reflecting a rise of 4.45%[14].