AECC AP(SH:600893)2023-04-28 16:00Financial Performance - Basic earnings per share (EPS) for the first quarter was CNY 0.03, reflecting a 50.00% increase year-over-year[1] - The net profit attributable to shareholders of the listed company was CNY 87,968,047.05, showing a growth of 32.77% compared to the same period last year[4] - Total operating revenue for Q1 2023 was ¥6,150,433,326.47, an increase from ¥5,400,028,236.17 in Q1 2022, representing a growth of approximately 13.9%[25] - Net profit for Q1 2023 reached ¥107,498,966.05, compared to ¥84,791,818.74 in Q1 2022, indicating a year-over-year increase of about 26.7%[26] - Operating profit for Q1 2023 was ¥104,717,833.51, slightly up from ¥100,452,896.48 in Q1 2022, showing a growth of approximately 3.4%[25] - Total comprehensive income for Q1 2023 was ¥123,418,459.56, compared to ¥85,790,682.05 in Q1 2022, marking an increase of approximately 43.8%[26] - The company's operating revenue for Q1 2023 was ¥1,829,917,384.46, representing a 36.8% increase from ¥1,338,261,966.85 in Q1 2022[34] - The net profit for Q1 2023 was ¥6,714,018.41, compared to a net loss of ¥28,242,465.68 in Q1 2022, indicating a significant turnaround[34] Cash Flow - The net cash flow from operating activities for the first quarter was CNY 1,029,604,984.50, representing an increase of 128.26% compared to the same period last year[1] - Cash flow from operating activities for Q1 2023 was ¥1,029,604,984.50, a significant improvement from a negative cash flow of ¥3,643,271,712.07 in Q1 2022[27] - The net cash flow from operating activities for Q1 2023 was ¥327,070,756.23, a substantial improvement from a negative cash flow of ¥898,375,349.01 in Q1 2022[36] - Cash inflow from operating activities totaled ¥5,425,260,502.21 in Q1 2023, compared to ¥333,164,336.24 in Q1 2022, indicating strong operational performance[36] - The net cash flow from investing activities was approximately -5.13 billion RMB in Q1 2023, slightly improved from -5.46 billion RMB in Q1 2022[28] - The net cash flow from financing activities was approximately -378.78 million RMB in Q1 2023, compared to -651.30 million RMB in Q1 2022, indicating a reduction in cash outflow[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 96,628,167,958.66, which is a 7.41% increase from the previous year-end[1] - The company's current assets totaled ¥67.13 billion, up from ¥60.38 billion, indicating a growth of about 11.5%[13] - Total liabilities increased to ¥54.77 billion from ¥48.68 billion, which is an increase of about 12.8%[24] - The company reported a total asset value of approximately 50.15 billion RMB as of March 31, 2023, up from 46.22 billion RMB at the end of 2022, an increase of about 8.5%[33] - Total liabilities increased to approximately 14.59 billion RMB in Q1 2023 from 11.16 billion RMB in Q1 2022, marking an increase of about 31.8%[32] Inventory and Receivables - The company reported a significant increase in inventory by 23.40%, attributed to increased orders and production inputs[8] - Inventory rose significantly to ¥31.75 billion from ¥25.73 billion, marking an increase of approximately 23.4%[13] - Accounts receivable increased to ¥18.89 billion from ¥16.45 billion, reflecting a growth of about 14.9%[13] - Accounts receivable decreased to approximately 4.80 billion RMB from 5.40 billion RMB, a decline of about 11.4%[29] Expenses - The company's sales expenses increased by 27.63%, mainly due to increased after-sales service tasks and sales service fees[9] - Research and development expenses for Q1 2023 were ¥68,113,252.39, compared to ¥67,607,375.69 in Q1 2022, reflecting a marginal increase of about 0.7%[25] - Research and development expenses increased to ¥17,853,967.40 in Q1 2023, up from ¥3,867,120.36 in Q1 2022, reflecting a focus on innovation[34] - The company incurred financial expenses of ¥3,359,943.37 in Q1 2023, up from ¥1,897,767.70 in Q1 2022, highlighting increased financing costs[34] Shareholder Information - The company has a total of 10 major shareholders, with the largest being China Aviation Engine Group Co., Ltd., holding a significant stake[11]