Smarter Energy(SH:600869)2023-04-24 16:00Financial Performance - The company achieved operating revenue of RMB 4.31 billion in Q1 2023, representing a year-on-year increase of 2.83%[57]. - Net profit attributable to shareholders reached RMB 120.40 million, a 39.01% increase compared to the same period last year[57]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 104.85 million, up 156.16% year-on-year[57]. - The net profit for the current period is 130,805,740.92, an increase from 94,095,258.69 in the previous period, representing a growth of approximately 38.9%[66]. - The total profit for the current period is 166,744,745.43, compared to 126,669,092.61 in the previous period, indicating an increase of about 31.7%[66]. - The basic earnings per share for the current period is 0.0542, compared to 0.0390 in the previous period, showing an increase of about 38.5%[66]. - The total comprehensive income for the current period is 130,934,142.26, compared to 94,092,501.50 in the previous period, representing an increase of approximately 39.2%[66]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,993,365.33 million, an increase of 4.56% compared to the end of the previous year[25]. - The total liabilities as of March 31, 2023, were CNY 15,363,657,400.21, compared to CNY 14,630,709,140.04 at the end of 2022, marking an increase of about 5.0%[43]. - As of March 31, 2023, the total current assets amounted to CNY 14,578,253,396.80, an increase from CNY 13,922,471,684.74 as of December 31, 2022, representing a growth of approximately 4.7%[42]. - The company's cash and cash equivalents increased to CNY 4,447,668,081.32 from CNY 4,318,448,136.57, reflecting a rise of about 3.0%[41]. - Inventory levels rose to CNY 2,966,402,658.66, up from CNY 2,573,920,543.84, indicating an increase of approximately 15.3%[42]. - The accounts receivable increased to CNY 4,360,329,510.88 from CNY 4,318,079,251.88, reflecting a growth of about 1.0%[41]. - The company's contract assets rose to CNY 1,001,596,791.65 from CNY 944,240,888.64, indicating an increase of approximately 6.1%[42]. - The long-term equity investments slightly increased to CNY 33,131,354.43 from CNY 32,823,193.44, showing a growth of about 0.9%[42]. Shareholder Information - The equity attributable to shareholders of the listed company was CNY 443,540.67 million, reflecting a growth of 3.03% year-on-year[25]. - The total number of common stock shareholders at the end of the reporting period was 72,543[7]. - The largest shareholder, Far East Holding Group Co., Ltd., holds 47.69% of the shares, with 843,510,000 shares pledged[7]. - The total equity attributable to shareholders increased to CNY 4,435,406,744.26 from CNY 4,304,791,044.11, showing a growth of approximately 3.0%[43]. Research and Development - Research and development investment amounted to RMB 135 million, reflecting a year-on-year growth of 19.78%[57]. - The company has developed a comprehensive product matrix including square, cylindrical, and soft-pack battery cells, focusing on energy storage R&D and industrialization projects[60]. - The company is enhancing its lithium battery copper foil production, targeting rapid increases in output for 5μm and 6μm copper foils[60]. - The company has established partnerships with Xi'an Jiaotong University and Harbin Engineering University for research and development in submarine cable materials and technology[9]. Projects and Production - The smart cable network business achieved a contract order volume of CNY 6.515 billion, representing a year-on-year increase of 26.54%[9]. - The company’s smart battery segment saw a significant contract order volume of CNY 615 million, up 369.45% year-on-year[12]. - The Far East Communications optical fiber project is on track for production in Q3 2023[10]. - The company is advancing the digital transformation project at the Yixing cable base, expected to reach full production by Q2 2023[10]. - The high-end marine cable industry base project has been included in Jiangsu Province's major projects, focusing on the development of 500kV AC and ±535kV DC submarine cables[9]. - The company plans to commence production at the Yibin Smart Industrial Base in the second quarter of 2023[37]. - The company is advancing the Far East high-end marine cable industrial base, expected to commence production in 2023[58]. Cash Flow and Expenses - The net cash flow from operating activities was RMB 22.37 million, a decrease of 12.77% compared to the previous year[51]. - The net cash flow from investment activities is -54,793,529.29, a decrease from 24,772,104.91 in the previous period[68]. - The cash and cash equivalents at the end of the period amount to 1,434,806,942.75, up from 1,127,557,319.03 at the beginning of the period, reflecting an increase of approximately 27.2%[68]. - The cash outflow from financing activities is 2,908,344,902.26, compared to 3,179,107,945.78 in the previous period, showing a decrease of about 8.5%[68]. - The company reported a tax expense of 35,939,004.51, an increase from 32,573,833.92 in the previous period, reflecting a rise of approximately 10.5%[66]. - The company reported a decrease in cash received from investment recovery to RMB 12.61 million, down from RMB 24.63 million in the previous year[51]. - The other comprehensive income after tax for the current period is 128,401.34, compared to -2,757.19 in the previous period, indicating a positive turnaround[66].