CHANGHONG(SH:600839)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥22,942,813,964.52, representing a year-on-year increase of 14.22%[4] - Net profit attributable to shareholders was ¥82,950,246.79, a significant increase of 64.9% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses reached ¥86,788,736.95, marking a substantial increase of 148.79% year-on-year[4] - The basic earnings per share for the period was ¥0.0180, reflecting a growth of 65.14% compared to the previous year[4] - Net profit for Q1 2023 was ¥268,879,599.75, compared to ¥129,234,983.18 in Q1 2022, representing a 108.3% increase[18] - Total profit for Q1 2023 was ¥326,932,693.26, compared to ¥182,019,859.03 in Q1 2022, reflecting an increase of 79.7%[17] - Operating profit for Q1 2023 was ¥322,188,037.82, up from ¥176,196,691.88 in Q1 2022, marking an 83.0% increase[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥86,743,398,400.10, an increase of 1.41% from the end of the previous year[4] - The company's current assets totaled ¥62,464,868,830.38, up from ¥61,604,985,683.74, indicating an increase of about 1.4%[15] - The company's total liabilities increased to ¥63,692,781,698.25 from ¥62,700,837,234.12, which is an increase of approximately 1.6%[16] - Long-term borrowings surged to ¥2,657,687,006.95 from ¥1,552,018,329.72, reflecting an increase of about 71.4%[16] - The total equity attributable to shareholders rose to ¥13,723,087,630.19 from ¥13,660,368,717.81, showing a slight increase of approximately 0.5%[16] Cash Flow - The net cash flow from operating activities was negative at -¥3,105,374,479.46, indicating a significant cash outflow[4] - The net cash inflow from operating activities was -3,105,374,479.46 RMB, an improvement from -4,334,483,186.50 RMB in the previous year, indicating a 28.3% reduction in cash outflow[20] - Total cash inflow from investment activities was 862,297,282.75 RMB, compared to 583,672,504.13 RMB in the previous year, reflecting a 47.7% increase[20] - Cash inflow from financing activities totaled 9,220,315,833.05 RMB, up from 7,444,250,695.80 RMB, representing a 23.8% increase[21] - The net cash flow from financing activities was 2,728,549,391.15 RMB, significantly higher than 415,098,850.60 RMB in the previous year[21] Shareholder Information - The total number of common shareholders at the end of the reporting period was 290,440[9] - The largest shareholder, Sichuan Changhong Electric Holding Group Co., Ltd., held 1,071,813,562 shares, representing 23.22% of the total shares[9] Other Financial Metrics - Research and development expenses increased to ¥520,996,036.08 in Q1 2023, up 27.4% from ¥408,694,811.06 in Q1 2022[17] - Tax expenses for Q1 2023 amounted to ¥58,053,093.51, compared to ¥52,784,875.85 in Q1 2022[17] - Other comprehensive income after tax for Q1 2023 was ¥12,706,022.55, compared to ¥10,003,950.19 in Q1 2022[18] Accounting Changes - The company has adopted new accounting standards starting January 1, 2023, which may impact financial reporting and asset recognition[22]