SDICZL(SH:600962)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 324,352,689.71, representing a decrease of 2.96% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was CNY 6,378,665.92, an increase of 51.52% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,308,116.63, up 153.83% from the previous year[5]. - The basic earnings per share for the period was CNY 0.0243, reflecting a growth of 50.93%[5]. - The diluted earnings per share also stood at CNY 0.0243, with a similar increase of 50.93%[5]. - The net profit for Q1 2023 was CNY 9,717,944.97, an increase of 22.7% compared to CNY 7,917,917.67 in Q1 2022[23]. - The operating profit rose to CNY 9,662,857.98, up from CNY 6,974,863.79, reflecting a growth of 38.4% year-over-year[23]. - Total revenue from operating activities was CNY 380,910,337.37, a decrease of 22.4% from CNY 490,329,802.83 in the previous year[26]. - The company reported a total comprehensive income of CNY 3,695,976.57, compared to a loss of CNY 5,894,895.80 in the same period last year[24]. - Basic and diluted earnings per share were both CNY 0.0243, an increase from CNY 0.0161 in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,192,784,802.38, down 3.57% from the end of the previous year[6]. - The company reported a decrease in total liabilities to CNY 1,293,471,711.38 as of March 31, 2023, down from CNY 1,374,868,165.04 at the end of 2022, a decline of 5.91%[18]. - Total assets decreased to CNY 2,192,784,802.38 as of March 31, 2023, from CNY 2,274,049,378.47 at the end of 2022, a decrease of 3.58%[17]. - Cash and cash equivalents increased to CNY 343,673,021.21 as of March 31, 2023, from CNY 219,620,196.95 at the end of 2022, representing a growth of 56.49%[16]. - Inventory decreased to CNY 694,165,758.97 as of March 31, 2023, down 21.88% from CNY 888,307,891.51 at the end of 2022[16]. - Short-term borrowings decreased to CNY 1,073,936,206.87 from CNY 1,108,749,212.84, a reduction of 3.15%[18]. Cash Flow - The company reported a net cash flow from operating activities of CNY 224,936,048.09, a decrease of 3.65% year-on-year[5]. - The cash flow from operating activities netted CNY 224,936,048.09, slightly down from CNY 233,449,505.78 in Q1 2022[26]. - The company incurred a net cash outflow from investing activities of CNY 3,730,929.35, compared to CNY 2,375,454.62 in the previous year[27]. - Cash flow from financing activities resulted in a net outflow of CNY 95,608,250.80, an improvement from CNY 126,309,498.89 in Q1 2022[27]. Costs and Expenses - Total operating costs for Q1 2023 were CNY 313,958,238.98, down 4.09% from CNY 327,446,957.60 in Q1 2022[22]. - Gross profit margin for Q1 2023 was approximately 3.83%, compared to 2.36% in Q1 2022[22]. - Research and development expenses increased to CNY 1,678,769.49 in Q1 2023, up from CNY 1,597,472.96 in Q1 2022, reflecting a growth of 5.07%[22]. Regulatory and Other Issues - The company faced a fine of approximately CNY 2.6558 million from the Polish competition authority for unfair competition practices[14]. - The company received government subsidies amounting to CNY 6,833.34, which are not related to normal business operations[8]. - Other comprehensive income after tax attributable to the parent company was CNY -6,021,968.40, compared to CNY -13,812,813.47 in the previous year[23].