QHD PORT(SH:601326)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,726,009,525.03, representing a 4.73% increase year-over-year[18] - Net profit attributable to shareholders for Q1 2023 was RMB 417,883,627.51, reflecting a 24.43% increase compared to the same period last year[18] - The company’s basic earnings per share for Q1 2023 was RMB 0.07, reflecting a 16.67% increase year-over-year[18] - The net profit for Q1 2023 was CNY 434,600,442.67, an increase of 32.8% compared to CNY 327,117,014.02 in Q1 2022[42] - Operating profit rose to CNY 527,493,201.36, up 22.5% from CNY 430,606,051.21 in the same period last year[42] - The total comprehensive income for Q1 2023 was CNY 483,752,603.42, compared to CNY 326,779,746.59 in Q1 2022, reflecting a growth of 47.9%[44] Cash Flow - Cash flow from operating activities for Q1 2023 was RMB 721,183,779.07, up by 19.25% year-over-year[18] - The cash flow from operating activities generated a net amount of CNY 721,183,779.07, an increase of 19.3% from CNY 604,743,449.17 in the previous year[47] - Investment activities generated a net cash flow of CNY 442,050,486.27, a significant recovery from a negative cash flow of CNY -223,193,339.17 in Q1 2022[47] - Cash flow from operating activities for Q1 2023 was approximately ¥340.78 million, up from ¥335.88 million in Q1 2022, reflecting an increase of about 1.2%[61] - Cash flow from investing activities for Q1 2023 was approximately ¥533.40 million, a significant improvement from a negative cash flow of ¥18.94 million in Q1 2022[61] Research and Development - Research and development expenses increased by 234.61%, indicating a significant boost in investment in innovation[4] - The company’s research and development expenses for Q1 2023 were RMB 11,909,977.27, significantly higher than RMB 3,559,326.41 in Q1 2022, indicating a focus on innovation[38] - Research and development expenses for Q1 2023 were ¥9,987,403.32, significantly higher than ¥3,051,605.24 in Q1 2022, indicating an increase of about 227%[55] Assets and Liabilities - The total assets of the company as of March 31, 2023, were RMB 28,259,842,608.29, compared to RMB 27,940,699,083.26 at the end of the previous year[23] - The total assets at the end of the reporting period were RMB 28,259,842,608.29, reflecting a 1.14% increase from RMB 27,940,699,083.26 at the end of the previous year[34] - The total liabilities amounted to RMB 9,542,961,389.74, down from RMB 9,715,622,758.59 in the previous year[36] - The total liabilities decreased to ¥2,092,369,755.70 in Q1 2023 from ¥2,137,707,746.37 in Q1 2022, a reduction of about 2.1%[55] - The company's total equity increased to ¥17,450,366,725.52 in Q1 2023, up from ¥17,089,092,608.62 in Q1 2022, reflecting an increase of approximately 2.1%[55] Income and Expenses - The total operating costs for Q1 2023 were RMB 1,305,899,143.88, compared to RMB 1,262,447,785.67 in Q1 2022, indicating an increase of about 3.15%[38] - The company experienced a 33.28% increase in taxes and surcharges, mainly due to higher land use tax[4] - The company reported a decrease in interest expenses to CNY 64,057,383.81 from CNY 64,975,358.58 year-over-year[42] - The company reported a tax expense of approximately ¥81.13 million in Q1 2023, down from ¥95.03 million in Q1 2022, reflecting a decrease of about 14.6%[57] Other Income - The company reported a government subsidy income of RMB 17,841,368.65 during the period, contributing positively to the financial results[27] - The company recorded a non-operating income from the exchange of non-monetary assets amounting to RMB 18,414,931.62[27] - The company recorded a significant increase in investment income to CNY 74,586,258.76, up from CNY 41,144,769.79 in the same quarter last year[42] - The net profit from investments in associates and joint ventures was ¥75,546,341.10, significantly higher than ¥40,787,546.84 in the same period last year, marking an increase of approximately 85%[55]