HY(SH:601020)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 153,110,515.29, a decrease of 72.90% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 15,468,709.31, an increase of 498.84% year-on-year[6] - The net profit after deducting non-recurring gains and losses reached CNY 18,450,566.93, up 591.95% from the previous year[6] - The basic earnings per share for the period was CNY 0.028, reflecting a 492.98% increase[6] - Operating profit for Q1 2023 was ¥15,359,770.51, a turnaround from a loss of ¥4,303,534.91 in Q1 2022[24] - Net profit for Q1 2023 was ¥11,565,985.60, compared to a net loss of ¥6,706,694.62 in the same period last year, marking a substantial recovery[24] - The company's operating profit for Q1 2023 was CNY 5,645,402.87, a decrease from CNY 9,325,509.29 in Q1 2022, representing a decline of approximately 39.5%[38] - The net profit for Q1 2023 was CNY 3,526,659.11, down from CNY 7,140,800.36 in Q1 2022, indicating a decrease of about 50.5%[38] - The total profit for Q1 2023 was CNY 5,575,766.90, down from CNY 9,393,515.15 in Q1 2022, reflecting a decrease of approximately 40.0%[38] Cash Flow - The net cash flow from operating activities was CNY -50,992,515.86, a decline of 260.92% compared to the previous year[6] - Cash flow from financing activities increased by 879.53% due to an increase in borrowings during the period[10] - Cash inflow from financing activities in Q1 2023 was ¥195,445,388.49, while cash outflow was ¥89,931,399.44, resulting in a net cash inflow of ¥105,513,989.05[28] - The total cash inflow from operating activities in Q1 2023 was CNY 39,031,591.06, compared to CNY 138,511,235.27 in Q1 2022, reflecting a significant drop of approximately 71.8%[41] - The net cash flow from operating activities for Q1 2023 was CNY 49,751,302.37, a recovery from a negative cash flow of CNY -60,853,188.06 in Q1 2022[41] - Cash inflow from financing activities in Q1 2023 was CNY 55,000,000.00, while cash outflows totaled CNY 15,106,260.79, resulting in a net cash flow of CNY 39,893,739.21[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,304,975,351.04, a decrease of 0.46% from the end of the previous year[6] - The company's current assets totaled RMB 314,733,028.71, down from RMB 394,836,870.57 at the end of 2022, indicating a decrease of about 20.3%[17] - Total liabilities decreased to RMB 1,794,362,945.87 from RMB 1,840,012,008.35, a decline of approximately 2.5%[19] - The total assets of the company as of March 31, 2023, were CNY 4,248,609,437.09, down from CNY 4,327,751,119.06 at the end of 2022[35] - The total liabilities decreased to CNY 1,857,002,150.74 as of March 31, 2023, from CNY 1,938,364,882.31 at the end of 2022, a reduction of about 4.2%[33] Expenses - Sales expenses increased by 308.65% primarily due to shipping costs incurred by overseas sales[10] - Financial expenses rose by 196.43% mainly due to exchange rate fluctuations[10] - The company reported a significant increase in sales expenses, which rose to ¥966,057.87 from ¥236,404.38 year-over-year[22] - The company experienced a decrease in tax expenses, which were ¥3,695,903.94 in Q1 2023 compared to ¥2,286,543.23 in Q1 2022[24] - The cost of goods sold in Q1 2023 was CNY 37,570,571.91, down 24.5% from CNY 49,759,167.39 in the same period last year[36] Equity - The company's equity attributable to shareholders increased to RMB 2,882,672,038.95 from RMB 2,856,529,382.41, representing an increase of about 0.9%[21] - The company's total equity as of March 31, 2023, was CNY 2,391,607,286.35, slightly up from CNY 2,389,386,236.75 at the end of 2022[35] Other Information - The company has pledged 48,892,000 shares, which accounts for 53.44% of its total holdings, representing 8.69% of the company's total equity[13] - Research and development expenses were not explicitly reported, indicating a potential area for future investment focus[24] - The company did not apply new accounting standards for the first quarter of 2023[42]