友发集团(601686) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥14,372,193,145.63, representing a decrease of 5.48% compared to the same period last year[6] - Net profit attributable to shareholders was ¥214,479,658.28, an increase of 63.98% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥177,804,326.87, up by 32.75% compared to the previous year[6] - The basic and diluted earnings per share were both ¥0.15, reflecting a year-on-year increase of 66.67%[8] - The net profit for Q1 2023 was CNY 217,228,702.94, an increase of 62.9% compared to CNY 133,443,443.97 in Q1 2022[36] - The operating profit for Q1 2023 reached CNY 288,731,625.99, up from CNY 194,172,345.42 in the same period last year, reflecting a growth of 48.7%[36] - The total comprehensive income for Q1 2023 was CNY 217,228,702.94, up from CNY 133,443,443.97 in Q1 2022, reflecting an increase of 62.9%[36] Cash Flow and Liquidity - The net cash flow from operating activities was -¥850,715,575.49, a decrease of 35.42% compared to the previous year[8] - The cash flow from operating activities showed a net outflow of CNY -850,715,575.49 in Q1 2023, an improvement from CNY -1,317,406,435.48 in Q1 2022[41] - The net cash flow from investing activities was $140,691,538.31, a significant improvement from a negative cash flow of $626,077,203.66 in the previous period[43] - The net cash flow from financing activities was $175,323,100.74, down from $901,665,661.55 in the previous period[43] - The total cash and cash equivalents at the end of the period were $1,742,809,315.63, a decrease from $645,106,150.54 in the previous period[43] - The net increase in cash and cash equivalents was -$534,700,936.44, compared to -$1,041,817,977.59 in the previous period[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,227,204,790.78, an increase of 8.62% from the end of the previous year[8] - Total liabilities rose to RMB 10,819,262,334.52 in Q1 2023 from RMB 9,398,487,520.21 in Q4 2022[30] - Shareholders' equity increased to RMB 7,407,942,456.26 as of March 31, 2023, compared to RMB 7,381,889,522.99 at the end of 2022[30] - Total assets increased to RMB 18,227,204,790.78 as of March 31, 2023, compared to RMB 16,780,377,043.20 at the end of 2022[23] Operational Efficiency - The increase in net profit was primarily due to higher sales volume and improved product gross margins[12] - Total operating costs for Q1 2023 were RMB 14,092,486,296.49, down from RMB 14,953,821,659.07 in Q1 2022[30] - The total operating expenses increased to CNY 18,458,434,183.70 in Q1 2023, down from CNY 19,402,311,126.13 in Q1 2022, showing a decrease of 4.8%[41] - Research and development expenses increased to CNY 1,889,465.33 in Q1 2023, compared to CNY 1,789,928.50 in Q1 2022, marking a rise of 5.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,147[15] - The company reported a non-recurring gain of ¥36,675,331.41 after tax, mainly from government subsidies and other non-operating income[11]