SCSF(SH:600779)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥853,331,159.68, a decrease of 39.69% compared to the same period last year[4] - The net profit attributable to shareholders was ¥159,478,536.48, down 56.02% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥157,770,104.99, a decrease of 55.78% compared to the previous year[4] - Total revenue for Q1 2023 was ¥853,331,159.68, a decrease of 39.7% compared to ¥1,414,968,711.47 in Q1 2022[16] - Net profit for Q1 2023 was ¥159,478,536.48, a decline of 56.1% from ¥362,623,103.41 in Q1 2022[17] - Basic earnings per share for Q1 2023 were ¥0.3276, compared to ¥0.7436 in Q1 2022, reflecting a decrease of 56.0%[18] Cash Flow - The net cash flow from operating activities was -¥16,292,942.48, representing a decline of 104.14%[5] - Cash inflow from operating activities in Q1 2023 was ¥894,517,614.14, down 37.0% from ¥1,418,314,344.57 in Q1 2022[19] - Cash outflow from operating activities in Q1 2023 was ¥910,810,556.62, a decrease of 11.1% compared to ¥1,024,421,682.04 in Q1 2022[19] - The net cash flow from operating activities for Q1 2023 was -$16.29 million, compared to $393.89 million in the previous period[20] - The net cash flow from investing activities was -$320.75 million, a decrease from -$316.13 million year-over-year[20] - The net cash flow from financing activities was -$1.74 million, down from -$51.16 million in the previous year[20] - The net increase in cash and cash equivalents for the quarter was -$338.79 million, compared to an increase of $26.60 million in the prior year[20] - The ending balance of cash and cash equivalents was $1.57 billion, down from $1.91 billion at the end of the previous period[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,902,482,741.61, a decrease of 2.06% from the end of the previous year[5] - As of March 31, 2023, the total assets amounted to RMB 6,902,482,741.61, a decrease from RMB 7,047,460,201.68 at the end of 2022, reflecting a decline of approximately 2.06%[13][15] - The total current assets were RMB 4,069,692,345.05, down from RMB 4,410,141,788.64, indicating a decrease of about 7.73%[13][15] - The total liabilities decreased to RMB 3,278,350,555.31 from RMB 3,589,009,775.46, marking a reduction of about 8.66%[15] - The company reported a total current liability of RMB 3,251,393,761.90, down from RMB 3,560,644,168.64, indicating a decrease of about 8.66%[15] Equity and Retained Earnings - The company's equity attributable to shareholders increased to RMB 3,624,132,186.30 from RMB 3,458,450,426.22, reflecting an increase of approximately 4.80%[15] - The company’s retained earnings increased to RMB 2,472,698,298.39 from RMB 2,313,219,761.91, representing an increase of about 6.91%[15] Expenses - Total operating costs for Q1 2023 were ¥635,527,998.89, down 32.2% from ¥936,377,002.64 in Q1 2022[16] - Sales expenses for Q1 2023 were ¥272,282,427.11, down 33.6% from ¥410,300,626.49 in Q1 2022[16] - Research and development expenses for Q1 2023 were ¥6,306,106.01, a decrease of 13.8% from ¥7,322,291.90 in Q1 2022[16] - Tax expenses for Q1 2023 were ¥133,553,894.82, down 40.0% from ¥222,579,358.71 in Q1 2022[16] Asset Impairment and Receivables - The company reported a significant increase in asset impairment losses by 291.66% due to higher inventory write-downs[8] - Accounts receivable increased by 54.59% due to higher credit sales of export orders[8] - Accounts receivable rose to RMB 5,353,800.00 from RMB 3,463,200.00, showing an increase of about 54.38%[13] - Inventory slightly increased to RMB 2,449,050,670.99 from RMB 2,442,905,934.90, a marginal rise of approximately 0.25%[13] Return on Equity - The weighted average return on equity was 4.51%, a decrease of 8.52 percentage points[5]