望变电气(603191) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 571,650,584.29, representing a year-on-year increase of 47.87%[4] - The net profit attributable to shareholders for the same period was CNY 80,339,010.37, marking a significant increase of 119.25% compared to the previous year[4] - The basic earnings per share (EPS) for Q1 2023 was CNY 0.24, reflecting a growth of 60.76% year-on-year[4] - Total operating revenue for Q1 2023 was CNY 571,650,584.29, a 47.8% increase from CNY 386,587,330.60 in Q1 2022[21] - Net profit for Q1 2023 reached CNY 79,633,978.81, up 125.0% from CNY 35,353,348.82 in Q1 2022[22] - Operating profit for Q1 2023 was CNY 97,007,221.10, compared to CNY 42,924,133.17 in Q1 2022, reflecting a significant growth[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 3,747,942,668.70, which is a 6.89% increase from the end of the previous year[5] - The company's current assets totaled RMB 2,560,584,433.15, up from RMB 2,426,508,260.20 at the end of 2022, indicating an increase of about 5.5%[15] - The total liabilities as of March 31, 2023, were RMB 1,399,432,346.11, compared to RMB 1,239,243,672.96 at the end of 2022, marking an increase of around 12.9%[17] - The company's equity attributable to shareholders rose to RMB 2,348,527,676.57 from RMB 2,266,585,814.14, reflecting an increase of approximately 3.6%[17] - The total non-current assets amounted to RMB 1,187,358,235.55, up from RMB 1,080,008,904.47, indicating an increase of about 9.9%[16] Cash Flow - The net cash flow from operating activities was negative at CNY -66,801,151.96, indicating a non-applicable change due to the nature of the cash flow[4] - Cash flow from operating activities in Q1 2023 was negative CNY 66,801,151.96, an improvement from negative CNY 142,686,085.88 in Q1 2022[27] - The cash inflow from operating activities was approximately $414.53 million in Q1 2023, compared to $380.14 million in Q1 2022, representing an increase of about 9%[36] - The net cash flow from operating activities was -$53.02 million in Q1 2023, an improvement from -$142.61 million in Q1 2022[36] Investments and Financing - The company received government subsidies amounting to CNY 1,615,868.69, which are closely related to its normal business operations[6] - Investment activities generated a net cash outflow of CNY 67,250,066.77 in Q1 2023, compared to a net outflow of CNY 34,872,601.23 in Q1 2022[27] - Financing activities produced a net cash inflow of CNY 178,885,113.36 in Q1 2023, compared to CNY 33,719,612.71 in Q1 2022[28] - The cash inflow from financing activities was $176.21 million in Q1 2023, slightly up from $170 million in Q1 2022[37] - The net cash flow from financing activities improved to $174.24 million in Q1 2023, compared to -$4.76 million in Q1 2022[37] Operational Efficiency - The increase in revenue and net profit was primarily driven by higher sales prices of oriented silicon steel products and optimization of customer structure in the power distribution and control equipment sector[8] - The company reported a significant increase in gross profit margin due to the passing of raw material price increases onto sales prices[8] - Total operating costs for Q1 2023 were CNY 472,783,309.94, an increase from CNY 346,397,959.67 in Q1 2022[21] - Research and development expenses for Q1 2023 were CNY 6,776,273.57, compared to CNY 5,240,184.55 in Q1 2022, indicating a focus on innovation[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,104[10] - The company's financial expenses for Q1 2023 showed a net income of -¥3,467,161.68, compared to a net expense of ¥2,007,282.41 in Q1 2022[34]