Shandong Daye (SH:603278)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,265,768,514.11, representing a year-on-year increase of 9.72%[5] - The net profit attributable to shareholders was CNY 33,512,353.46, while the net profit after deducting non-recurring gains and losses was CNY -9,692,267.94[5] - The net cash flow from operating activities was CNY 192,830,723.66, reflecting a 2.52% increase compared to the previous year[5] - Total operating revenue for Q1 2023 reached ¥1,265,768,514.11, an increase of 9.7% compared to ¥1,153,669,809.02 in Q1 2022[18] - Net profit for Q1 2023 was ¥39,581,426.15, a significant recovery from a net loss of ¥76,788,057.60 in Q1 2022[20] - Shareholders' equity increased to ¥2,091,521,356.10 in Q1 2023, compared to ¥2,050,844,608.11 in Q1 2022, marking a growth of about 2%[19] - Basic and diluted earnings per share for Q1 2023 were both ¥0.12, recovering from a loss of ¥0.26 per share in Q1 2022[20] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 7,037,112,294.63, a decrease of 2.12% from the end of the previous year[6] - The equity attributable to shareholders increased by 22.43% to CNY 1,742,983,101.95 compared to the end of the previous year[6] - Total liabilities decreased to ¥4,945,590,938.53 in Q1 2023 from ¥5,151,455,794.96 in Q1 2022, indicating a reduction of approximately 4%[19] - Total assets of the company were reported at ¥7,037,112,294.63 in Q1 2023, down from ¥7,202,300,403.07 in Q1 2022, reflecting a decrease of approximately 2.3%[19] - Total liabilities decreased to ¥3,693,959,312.19 from ¥3,883,368,576.43, reflecting a reduction of approximately 4.9%[16] Cash Flow - The company's cash and cash equivalents as of March 31, 2023, amount to ¥808,419,230.10, down from ¥933,136,470.90 at the end of 2022, reflecting a decrease of approximately 13.4%[15] - In Q1 2023, the cash inflow from operating activities was CNY 1,348,972,722.15, a decrease of 5.2% compared to CNY 1,422,251,543.89 in Q1 2022[22] - The net cash flow from operating activities increased significantly to CNY 192,830,723.66, compared to CNY 54,742,377.84 in the same period last year, marking a growth of 252.5%[22] - The ending cash and cash equivalents balance was CNY 108,310,814.30, up from CNY 81,051,430.80 at the end of Q1 2022[23] - The cash received from sales of goods and services was CNY 1,060,405,099.78, down from CNY 1,391,974,502.15 in the same quarter last year, reflecting a decrease of 23.8%[22] Expenses - Research and development expenses increased by 13.79%, reflecting the company's commitment to innovation[9] - The company experienced a 34.39% rise in financial expenses, primarily due to increased interest and discount expenses[9] - Total operating costs for Q1 2023 were ¥1,286,526,602.86, up from ¥1,253,876,985.48 in Q1 2022, reflecting a year-over-year increase of 2.6%[18] - The company's financial expenses increased to ¥49,635,608.05 in Q1 2023, compared to ¥36,933,291.98 in Q1 2022, indicating a rise of about 34.3%[19] Other Income and Investments - The company reported a substantial increase of 186.59% in other income, largely attributed to increased government subsidies[9] - The company reported a significant increase in other income, which rose to ¥48,241,221.14 in Q1 2023 from ¥16,833,111.99 in Q1 2022[19] - The net cash flow from investing activities decreased by 103.91%, mainly due to a reduction in the recovery of financial products[9] - The net cash flow from investing activities was negative at CNY -538,279.96, a decline from CNY 13,774,952.32 in Q1 2022[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,285[12] - The top shareholder, Dou Yong, holds 111,384,000 shares, representing 38.43% of the total shares, with 68,496,779 shares pledged[12]