正泰电器(601877) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 reached ¥15,740,786,087.19, representing a year-on-year increase of 47.37%[4] - Net profit attributable to shareholders was ¥1,201,510,644.34, marking a significant increase of 109.78% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥1,086,504,059.65, which is up by 59.18% year-on-year[4] - The basic earnings per share for the period was ¥0.56, an increase of 107.41% year-on-year[4] - The weighted average return on equity rose by 1.47 percentage points to 3.25%[4] - The net profit for Q1 2023 was CNY 1,554,721,544.67, a significant increase from CNY 667,505,360.70 in Q1 2022, representing a growth of approximately 133%[19] - The operating profit for Q1 2023 reached CNY 2,018,980,838.83, compared to CNY 840,166,689.42 in the same period last year, indicating a year-over-year increase of about 140%[18] - Total revenue from sales and services in Q1 2023 was CNY 11,268,359,306.41, up from CNY 10,442,013,785.42 in Q1 2022, reflecting a growth of approximately 7.9%[20] - The total comprehensive income for Q1 2023 was CNY 1,581,956,125.93, compared to CNY 611,857,775.77 in Q1 2022, representing a growth of about 158%[19] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥1,051,009,689.13, a decrease of 242.67% compared to the previous year[4] - Current assets totaled RMB 54,290,883,990.05, down from RMB 59,682,113,660.07 at the end of 2022, indicating a decline of 9.5%[14] - Cash and cash equivalents were RMB 8,721,069,381.53, a decrease from RMB 13,357,486,406.13 at the end of 2022, representing a decline of 34.4%[14] - The company's total liabilities as of March 31, 2023, were RMB 56,684,348,556.53, down from RMB 62,792,660,380.03 at the end of 2022, a reduction of 9.8%[16] - The cash and cash equivalents at the end of the period stood at $7.28 billion, down from $8.51 billion year-over-year[21] - The company reported a net cash outflow from operating activities of CNY -1,051,009,689.13 in Q1 2023, contrasting with a net inflow of CNY 736,688,095.25 in Q1 2022[20] - The net cash flow from investment activities was -$1.24 billion, a decrease from -$2.44 billion in the previous year[21] - The company reported a net increase in cash and cash equivalents of -$4.38 billion, contrasting with a positive increase of $2.17 billion in the previous year[21] Shareholder Information - Shareholders' equity attributable to the parent company increased by 3.38% to ¥37,567,489,268.73 compared to the end of the previous year[5] - The number of ordinary shareholders at the end of the reporting period was 110,663[10] - The company held 22,309,075 shares in its repurchase account, accounting for 1.04% of the total share capital[11] - The company’s major shareholder, Nan Cunhui, directly holds 3.45% of the shares and indirectly controls 41.16% through Zhejiang Chint Electrics Co., Ltd.[11] - Shareholders' equity increased to RMB 43,133,852,435.22 from RMB 41,541,761,375.45 at the end of 2022, reflecting a growth of 3.8%[16] Expenses and Income - Total operating costs for Q1 2023 were RMB 13,888,895,987.41, up from RMB 9,833,444,359.08 in Q1 2022, reflecting a growth of 41.5%[17] - The company’s tax expenses for Q1 2023 were CNY 469,392,840.42, significantly higher than CNY 168,926,162.30 in Q1 2022, indicating an increase of approximately 177%[18] - Other income for Q1 2023 was CNY 12,441,090.89, up from CNY 5,809,587.64 in Q1 2022, reflecting an increase of about 114%[18] - The company reported investment income of CNY 150,482,293.41 in Q1 2023, down from CNY 223,282,152.69 in Q1 2022, indicating a decrease of approximately 32.7%[18] - Research and development expenses decreased to CNY 240,221,777.14 in Q1 2023 from CNY 285,441,376.60 in Q1 2022, showing a reduction of about 15.8%[18] Financing Activities - Total cash inflow from financing activities was $3.91 billion, down from $7.25 billion year-over-year[21] - The net cash flow from financing activities was -$2.07 billion, compared to a positive $3.89 billion in the same quarter last year[21] - The company received $2.86 billion in borrowings, a decrease from $6.65 billion in the previous year[21] - Cash outflow for debt repayment was $5.29 billion, an increase from $2.53 billion year-over-year[21] - The cash inflow from investment activities totaled $1.46 billion, slightly up from $1.42 billion in the previous year[21] - The company absorbed $46.05 million from minority shareholders, compared to $19.53 million in the previous year[21] - The impact of exchange rate changes on cash and cash equivalents was -$19.72 million, worsening from -$12.90 million year-over-year[21]