SMC(SH:600823)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,112,448,689.60, representing a decrease of 57.90% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 149,056,247.51, an increase of 54.32% year-on-year[7]. - The net cash flow from operating activities decreased by 44.72% to CNY 904,434,851.67, primarily due to reduced sales collections[12]. - Total revenue for Q1 2023 was CNY 1,112,448,689.60, a decrease of 57.9% compared to CNY 2,642,181,418.37 in Q1 2022[23]. - Net profit for Q1 2023 was CNY 155,539,641.02, a decline of 48.3% from CNY 301,441,722.77 in Q1 2022[24]. - The profit attributable to shareholders of the parent company for Q1 2023 was CNY 149,056,247.51, compared to CNY 96,590,071.95 in Q1 2022, indicating a significant increase[24]. - The total comprehensive income for Q1 2023 was CNY 155,876,637.04, down from CNY 270,290,302.62 in Q1 2022[24]. Cash Flow - In Q1 2023, the cash inflow from operating activities was CNY 2,727,499,338.40, a decrease of 49.3% compared to CNY 5,373,155,892.16 in Q1 2022[25]. - The net cash flow from operating activities was CNY 904,434,851.67, down 44.7% from CNY 1,636,051,250.38 in the same period last year[25]. - Cash inflow from investment activities totaled CNY 81,043,000.00, a decrease of 52.7% from CNY 171,505,172.00 in Q1 2022[26]. - The net cash flow from investment activities was CNY 52,558,582.68, down 29.1% from CNY 73,996,616.34 in the previous year[26]. - Cash inflow from financing activities was CNY 44,130,000.00, significantly lower than CNY 720,000,000.00 in Q1 2022[26]. - The net cash flow from financing activities was -CNY 866,431,225.66, compared to -CNY 4,532,347,196.04 in the same quarter last year[26]. - The ending balance of cash and cash equivalents was CNY 3,303,701,455.22, down from CNY 5,734,261,837.79 at the end of Q1 2022[26]. - The company reported a significant decrease in cash received from sales of goods and services, totaling CNY 1,202,905,772.56, down 63.5% from CNY 3,297,914,246.65 in Q1 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 130,715,245,283.15, reflecting a slight increase of 0.21% from the previous year[7]. - Total liabilities as of Q1 2023 amounted to CNY 89,897,413,072.19, slightly up from CNY 89,637,545,798.02 in the previous period[19]. - The total liabilities stood at CNY 69,440,961,926.61, with current liabilities including short-term borrowings of CNY 1,000,500,000.00, which is relatively stable compared to CNY 1,001,797,397.26 previously[18]. - The company reported cash and cash equivalents of CNY 4,002,869,541.78, compared to CNY 3,971,147,389.82 in the previous period, showing an increase of approximately 0.8%[17]. - The company reported a significant increase of 126.88% in accounts payable, totaling CNY 4,424,257,655.29, primarily due to bond extensions[13]. - The company’s accounts payable increased to CNY 16,715,523,837.49 from CNY 16,543,796,062.85, representing a rise of about 1.04%[18]. - The total non-current assets were reported at CNY 61,274,283,356.54, down from CNY 62,078,750,062.55, indicating a decrease of approximately 1.3%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,374[15]. - The company's basic earnings per share for the period was CNY 0.04, an increase of 32.45% year-on-year[7]. - Earnings per share for Q1 2023 were CNY 0.04, up from CNY 0.03 in Q1 2022[24]. - The weighted average return on equity was 0.72%, an increase of 0.35 percentage points compared to the previous year[7]. - Total equity reached CNY 40,817,832,210.96 in Q1 2023, compared to CNY 40,808,346,876.75 in Q1 2022[19]. Operational Insights - The company has not disclosed any new product launches or technological advancements in the current report[17]. - There are no significant mergers or acquisitions reported in the current quarter, and the focus appears to be on maintaining existing operations and financial stability[17]. - The company did not report any net profit from the merged entity prior to the merger, with previous net profit also reported as CNY 0[25]. - The company is not applying new accounting standards for the first time in 2023[27].