STEC(SH:600820)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥11,441,934,895.31, representing a year-on-year increase of 7.34%[4] - The net profit attributable to shareholders of the listed company was ¥448,718,076.89, reflecting a significant growth of 51.22% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥386,873,436.03, an increase of 42.58% year-on-year[4] - The basic and diluted earnings per share were both ¥0.14, marking a 55.56% increase from the previous year[5] - The weighted average return on equity increased by 0.45 percentage points to 1.63%[5] - Net profit for Q1 2023 was ¥462,370,577.27, compared to ¥307,338,830.25 in Q1 2022, representing a growth of 50.5%[18] - Comprehensive income attributable to the parent company for Q1 2023 was ¥454,788,435.67, compared to ¥296,854,379.13 in Q1 2022, marking a rise of 53.1%[19] Cash Flow and Assets - The net cash flow from operating activities was -¥3,244,267,833.50, a decrease of 23.99% compared to the previous year[4] - As of March 31, 2023, the company's total current assets amounted to approximately RMB 71.65 billion, a decrease of 5.4% from RMB 75.46 billion on December 31, 2022[14] - The company's cash and cash equivalents were reported at RMB 15.69 billion, down from RMB 18.94 billion, reflecting a decline of 17.5%[14] - The total assets at the end of the reporting period were ¥143,908,072,330.21, down 1.73% from the end of the previous year[5] - The total liabilities decreased to ¥109,621,027,906.11 in Q1 2023 from ¥112,579,228,586.41 in Q1 2022, a reduction of 2.6%[16] - The company’s cash inflows from sales of goods and services amounted to CNY 13,700,142,550.36, up from CNY 11,986,967,695.49 in Q1 2022, indicating a growth of about 14.3%[20] Investments and Expenses - The company reported a significant increase in investment income from joint ventures and associates, contributing to the growth in net profit[9] - Research and development expenses for Q1 2023 totaled ¥288,292,193.54, up from ¥201,514,807.98 in Q1 2022, indicating a 42.9% increase[17] - The company reported a significant increase in investment income, reaching ¥377,983,532.71 in Q1 2023, compared to ¥1,377,895.96 in Q1 2022[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 119,760[10] - The equity attributable to shareholders of the listed company was ¥27,664,302,556.44, an increase of 1.40% from the end of the previous year[5] - Total equity increased to ¥34,287,044,424.10 in Q1 2023 from ¥33,855,808,170.13 in Q1 2022, reflecting a growth of 1.3%[16] Operational Challenges - The net cash outflow from operating activities was CNY -3,244,267,833.50, compared to CNY -2,616,654,122.17 in the same period last year, indicating a decline in operational cash flow[21] - The company recorded cash inflows from investment activities of CNY 11,337,899.92, significantly lower than CNY 732,752,674.47 in Q1 2022, reflecting a decrease of approximately 98.45%[21] - The net cash flow from financing activities was CNY 1,228,815,303.65, a decrease from CNY 2,186,880,667.48 in Q1 2022, indicating a decline of approximately 43.8%[21] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[13] - There are no indications of any mergers or acquisitions planned in the near future as per the current report[13]