SINOMACH-HE(SH:601399)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,573,163,251.08, representing a year-on-year increase of 23.56%[4] - The net profit attributable to shareholders was RMB 81,350,570.58, reflecting a growth of 4.14% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 80,336,596.59, which is an increase of 25.33% year-on-year[4] - The basic earnings per share for the period was RMB 0.0113, up by 5.61% from the previous year[4] - Total operating revenue for Q1 2023 reached ¥2,573,163,251.08, an increase of 23.6% compared to ¥2,082,593,289.16 in Q1 2022[19] - Net profit for Q1 2023 was ¥83,836,960.51, representing a 5.5% increase from ¥79,292,123.00 in Q1 2022[22] - The total profit for Q1 2023 was ¥93,534,603.65, compared to ¥86,310,324.52 in Q1 2022, marking an increase of 17.5%[22] Cash Flow - The net cash flow from operating activities was negative at RMB -85,935,420.62, indicating a significant outflow compared to the previous year[4] - The company experienced a 90.66% decrease in net cash flow from operating activities, primarily due to increased cash outflows for purchases and services[8] - Cash flow from operating activities in Q1 2023 was negative at -¥85,935,420.62, an improvement from -¥920,493,323.33 in Q1 2022[23] - Net cash flow from financing activities was -$31,186,545.28, a decrease from -$492,350,831.12 year-over-year, reflecting improved cash management[24] - The net increase in cash and cash equivalents was -$289,001,285.54, compared to -$1,413,259,411.21 in the previous year, showing a reduction in cash outflow[24] - The ending balance of cash and cash equivalents stood at $7,520,793,311.67, up from $5,909,534,707.91 in the prior year, indicating a stronger liquidity position[24] Assets and Liabilities - The total assets at the end of the reporting period were RMB 28,692,153,980.19, a slight increase of 0.97% from the end of the previous year[5] - The total liabilities amounted to RMB 14,617,599,035.34, up from RMB 14,386,904,707.11, which is an increase of about 1.60%[17] - The total current assets reached RMB 20,454,802,214.86, compared to RMB 20,163,311,055.51 in the previous year, indicating an increase of about 1.44%[15] - The total equity attributable to shareholders was RMB 13,463,647,388.59, compared to RMB 13,419,026,306.11, reflecting a slight increase of approximately 0.33%[18] - The inventory level stood at RMB 3,236,431,480.82, a marginal increase from RMB 3,205,841,022.61, indicating a growth of about 0.95%[15] Investments and Expenditures - The company reported a significant increase in construction in progress by 31.07%, attributed to increased investments in machinery manufacturing[8] - Total cash outflow from investment activities amounted to $149,673,248.34, compared to $7,954,492.12 in the previous period, indicating a significant increase in investment expenditures[24] - The net cash flow from investment activities was -$149,673,248.34, compared to -$7,764,992.12 in the previous year, suggesting a strategic shift in investment focus[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,649, with the largest shareholder holding 47.15% of the shares[10] - Cash paid for dividends and interest was $11,465,303.11, compared to $6,751,038.77 in the previous period, indicating an increase in shareholder returns[24] Other Financial Metrics - Research and development expenses for Q1 2023 were ¥19,174,047.14, slightly down from ¥19,607,619.70 in Q1 2022[19] - The company reported a financial income of -¥5,655,931.64 in Q1 2023, a significant improvement from -¥31,521,586.20 in Q1 2022[19] - The company experienced a decrease in sales expenses, which were ¥39,671,427.08 in Q1 2023, down from ¥41,910,747.69 in Q1 2022[19] - Other comprehensive income after tax for Q1 2023 was -¥39,699,771.72, compared to -¥101,935.68 in Q1 2022[22] - The company did not apply new accounting standards or interpretations for the current fiscal year, maintaining consistency in financial reporting[24]