2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥26,392,882,331, representing a year-on-year increase of 14.03%[4] - The net profit attributable to shareholders decreased by 48.89% to ¥1,537,865,790 compared to the same period last year[4] - The basic and diluted earnings per share were both ¥0.15, reflecting a decline of 48.28% year-on-year[4] - Net profit for Q1 2023 was ¥1.31 billion, down 56.4% from ¥2.99 billion in Q1 2022[19] - Operating profit decreased to ¥1.14 billion in Q1 2023, compared to ¥2.85 billion in Q1 2022, reflecting a decline of 60%[18] - The company reported a total comprehensive income of ¥1.35 billion in Q1 2023, a decrease from ¥2.86 billion in Q1 2022[19] - The total operating costs for Q1 2023 were ¥28.19 billion, an increase of 14.5% from ¥24.60 billion in Q1 2022[18] - The company recorded investment income of ¥2.95 billion in Q1 2023, down from ¥4.23 billion in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities increased by 76.95% to ¥738,369,880[4] - The net cash flow from operating activities was -¥738.37 million in Q1 2023, worsening from -¥3.20 billion in Q1 2022[20] - Cash and cash equivalents decreased to ¥34,636,092,974 from ¥39,524,425,339[16] - The cash and cash equivalents at the end of the period were $32,967,800,446, down from $37,478,546,717 at the beginning of the period[21] - Total cash and cash equivalents decreased by $4,510,746,271 during the period, compared to a decrease of $3,258,182,887 in the previous period[21] - The company experienced a negative impact of $15,359,789 on cash and cash equivalents due to exchange rate fluctuations[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥196,943,574,539, up 3.64% from the previous year[7] - Current assets totaled ¥89,520,053,758, a decrease from ¥91,792,172,989 in the previous period[16] - Non-current assets reached ¥107,423,520,781, up from ¥98,228,574,413[16] - Total liabilities were ¥73,303,543,654, compared to ¥67,772,458,376 at the end of the previous year[16] - Shareholders' equity totaled ¥123,640,003,088, an increase from ¥122,248,289,026[17] - Total equity attributable to shareholders increased by 1.43% to ¥114,854,362,957[7] Government Support and Subsidies - The company received government subsidies amounting to ¥104,679,780, which are closely related to its normal business operations[5] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 159,434[10] Research and Development - Research and development expenses increased to ¥397.19 million in Q1 2023, up from ¥240.72 million in Q1 2022, marking a growth of 64.9%[18] - The company reported a decrease in development expenditures to ¥3,604,016,082 from ¥3,751,655,472[15] Management and Governance - The company’s management team includes Zeng Qinghong as the responsible person, Wang Dan as the accounting supervisor, and Zheng Chao as the head of the accounting institution[21] Debt and Financing Activities - Cash paid for debt repayment was $6,609,732,468, compared to $3,356,447,023 in the previous period, indicating increased debt servicing[21] - Cash inflow from financing activities totaled $8,941,442,280, compared to $6,995,034,578 in the previous period, indicating a significant increase[21] - Cash outflow from financing activities amounted to $8,058,869,825, up from $5,001,028,241, reflecting a rise in financing costs[21] - The net cash flow from financing activities was $882,572,980, compared to $1,994,006,337 in the previous period, showing a decrease[21] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2023[21] Preferred Shares and Bonds - The company has no outstanding preferred shares or perpetual bonds as of the reporting date[17]