Snowsky Salt(SH:600929)2023-04-24 16:00Financial Performance - Revenue for Q1 2023 reached ¥1,501,219,423.02, representing a year-on-year increase of 0.46%[3] - Net profit attributable to shareholders was ¥206,281,258.53, up 45.21% compared to the same period last year[3] - Basic earnings per share rose to ¥0.1399, reflecting a growth of 32.98% year-on-year[3] - Diluted earnings per share also increased to ¥0.1399, marking a 39.90% rise[6] - The company reported a net profit for Q1 2023 of RMB 213,128,985.51, representing an increase of 36.25% compared to RMB 156,348,265.00 in Q1 2022[24] - The total comprehensive income for the current period is approximately ¥213.13 million, up from ¥156.35 million, reflecting a growth of 36.3%[45] Cash Flow and Investments - Net cash flow from operating activities increased by 55.46%, totaling ¥102,206,470.76[3] - The cash flow from investing activities in Q1 2023 was negative at RMB -204,424,683.10, compared to a positive cash flow of RMB 446,271,777.54 in Q1 2022[27] - Cash and cash equivalents at the end of Q1 2023 were RMB 1,234,597,665.81, a decrease from RMB 867,877,749.08 at the end of Q1 2022[27] - The company reported a net cash outflow from financing activities of RMB 54,049,597.12 in Q1 2023, contrasting with a cash inflow of RMB 361,247,100.45 in Q1 2022[27] Assets and Equity - Total assets at the end of the reporting period were ¥9,486,282,713.00, up 1.50% from the end of the previous year[6] - Shareholders' equity attributable to shareholders increased to ¥6,428,081,829.19, a growth of 3.44%[6] - The total equity attributable to shareholders of the parent company rose to CNY 6,428,081,829.19 in Q1 2023, compared to CNY 6,214,522,652.21 in Q1 2022, marking an increase of 3.4%[31] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 1,274,268,465.92, down 1.49% from RMB 1,293,664,918.70 in Q1 2022[24] - Research and development expenses increased to RMB 36,580,551.68 in Q1 2023, up 13.56% from RMB 32,256,125.94 in Q1 2022[24] - The company incurred a total tax expense of RMB 37,637,229.37 in Q1 2023, compared to RMB 21,455,646.02 in Q1 2022, reflecting a significant increase of 75.5%[24] Market and Product Performance - The company reported a significant increase in gross margin due to high prices of key products like soda ash and ammonium chloride[11] - Cash received from sales of goods and services was CNY 1,133,328,590.43 in Q1 2023, down from CNY 1,188,045,205.96 in Q1 2022, a decrease of 4.6%[36] - The company reported a decrease in cash paid for goods and services to CNY 397,021,231.07 in Q1 2023 from CNY 560,484,801.65 in Q1 2022, a reduction of 29.1%[36] Long-term Investments and Liabilities - The company's long-term equity investments increased to RMB 118,627,357.47 as of March 31, 2023, compared to RMB 4,265,657.47 at the end of 2022[23] - Non-current liabilities totaled CNY 546,006,440.16 in Q1 2023, a decrease from CNY 558,430,037.61 in Q1 2022, indicating a reduction of 2.5%[31] - The company’s long-term borrowings decreased to CNY 349,222,481.95 in Q1 2023 from CNY 366,050,000.00 in Q1 2022, a decline of 4.5%[31] Other Financial Metrics - The weighted average return on equity improved to 3.26%, an increase of 0.57 percentage points[6] - The company's goodwill remained stable at CNY 104,631,021.25 for both Q1 2023 and Q1 2022, indicating no change[31]