HXG(SH:603112)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥761,361,809.87, representing a decrease of 14.03% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥76,572,896.58, down 23.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,699,462.56, a decrease of 16.78% compared to the previous year[5]. - The basic earnings per share were ¥0.18, reflecting a decline of 21.74% year-on-year[5]. - The diluted earnings per share also stood at ¥0.18, down 18.18% compared to the same period last year[5]. - Net profit for Q1 2023 was ¥70,601,169.31, a decline of 28.4% from ¥98,585,423.39 in Q1 2022[21]. - Earnings per share for Q1 2023 were ¥0.18, compared to ¥0.23 in Q1 2022[22]. - The company reported a decrease in comprehensive income for Q1 2023 to ¥70,248,798.72 from ¥98,670,284.34 in Q1 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 1,671.92%, reaching ¥147,699,852.92, attributed to reduced cash payments for materials[5][8]. - Cash inflow from operating activities in Q1 2023 was ¥537,619,478.46, slightly down from ¥564,953,336.17 in Q1 2022[23]. - In Q1 2023, the net cash outflow from operating activities was CNY 389,919,625.54, a decrease from CNY 556,617,751.80 in Q1 2022, indicating improved cash flow management[24]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 274,320,656.09, down from CNY 464,513,439.01 at the end of Q1 2022, reflecting a decrease in liquidity[25]. - The company paid CNY 117,854,507.40 to employees in Q1 2023, up from CNY 105,786,875.39 in Q1 2022, indicating a commitment to employee compensation[24]. - The company incurred tax payments of CNY 33,529,102.56 in Q1 2023, compared to CNY 19,982,894.25 in Q1 2022, reflecting an increase in tax obligations[24]. - Cash paid for other operating activities was CNY 48,175,021.79 in Q1 2023, down from CNY 74,626,912.37 in Q1 2022, suggesting improved operational efficiency[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,019,773,425.82, a decrease of 1.57% from the end of the previous year[6]. - The equity attributable to shareholders increased by 3.30% to ¥2,493,523,289.05 compared to the end of the previous year[6]. - The total amount of receivables increased slightly to CNY 856,279,560.25 from CNY 830,520,912.29, showing a growth of about 3.1%[15]. - The company's inventory decreased to CNY 531,989,358.85 from CNY 633,686,765.46, a decline of approximately 16.0%[15]. - Long-term borrowings increased to CNY 362,642,969.45 from CNY 258,000,000.00, reflecting an increase of about 40.6%[16]. - The company's total liabilities amounted to CNY 1,163,281,034.26 for current liabilities and CNY 703,986,216.61 for non-current liabilities, totaling CNY 1,867,267,250.87[16]. - Total liabilities as of March 31, 2023, were ¥2,407,093,355.91, a decrease from ¥2,560,834,096.87 as of December 31, 2022[20]. Investment Activities - The net cash inflow from investment activities was CNY 2,126,707,675.80, significantly higher than CNY 834,881,505.31 in the same period last year, reflecting increased investment returns[24]. - The net cash outflow from investment activities was CNY 460,408,822.94, an improvement compared to CNY 715,021,915.09 in Q1 2022, showing a reduction in losses from investments[24]. - The company received CNY 150,000,000.00 from borrowings in Q1 2023, a significant increase from CNY 46,500,000.00 in Q1 2022, indicating enhanced access to financing[25]. Research and Development - Research and development expenses for Q1 2023 were ¥22,362,949.25, a decrease from ¥24,608,415.65 in Q1 2022[20].