HAI TIAN(SH:603288)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 6,980,985,131.27, representing a decrease of 3.17% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 1,715,567,769.87, down 6.20% year-on-year[3]. - Basic earnings per share for the period was CNY 0.37, reflecting a decline of 5.13% compared to the previous year[4]. - The net profit for Q1 2023 was CNY 1,723,689,885.39, a decrease of 5.8% compared to CNY 1,830,708,028.47 in Q1 2022[15]. - The total comprehensive income for Q1 2023 was CNY 1,723,689,885.39, compared to CNY 1,830,708,028.47 in Q1 2022, indicating a decrease of 5.8%[16]. - The operating profit for Q1 2023 was CNY 2,052,239,947.38, down from CNY 2,175,249,928.76 in Q1 2022, reflecting a decrease of 5.6%[15]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 198.26%, amounting to CNY 1,063,433,049.56, primarily due to an increase in advance payments received and a decrease in inventory and accounts payable[6]. - The cash flow from operating activities generated a net amount of CNY 1,063,433,049.56, a significant recovery from a net outflow of CNY -1,082,217,188.57 in Q1 2022[18]. - The cash and cash equivalents at the end of Q1 2023 totaled CNY 10,613,698,133.06, compared to CNY 11,949,471,603.52 at the end of Q1 2022[18]. - The cash inflow from investment activities was CNY 2,160,686,167.84, an increase from CNY 1,931,248,565.16 in the previous year[18]. - The cash outflow from financing activities was CNY 27,179,479.18, significantly lower than CNY 514,258,886.42 in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 34,558,042,829.94, an increase of 1.46% from the end of the previous year[4]. - Total assets increased to CNY 34,558,042,829.94 in Q1 2023 from CNY 34,059,175,850.30 in Q1 2022, showing growth in asset base[13]. - Total liabilities decreased to CNY 5,949,873,533.33 in Q1 2023 from CNY 7,174,696,439.08 in Q1 2022, indicating a reduction in financial leverage[12]. - Shareholders' equity attributable to the parent company was CNY 28,113,244,295.28, up 6.50% year-on-year[4]. - The total equity attributable to shareholders increased to CNY 28,113,244,295.28 in Q1 2023 from CNY 26,397,676,525.41 in Q1 2022, reflecting retained earnings growth[13]. Shareholder Information - The company reported a total of 164,568 common shareholders at the end of the reporting period[7]. - The largest shareholder, Guangdong Haitian Group Co., Ltd., holds 58.26% of the shares[7]. Operational Insights - The company did not report any significant new product developments or market expansion strategies during the quarter[9]. - The financial statements for Q1 2023 were not audited[2]. - Total operating revenue for Q1 2023 was CNY 6,980,985,131.27, a decrease of 3.17% from CNY 7,209,680,841.70 in Q1 2022[14]. - Total operating costs for Q1 2023 were CNY 5,024,587,850.72, down from CNY 5,085,298,028.11 in Q1 2022, reflecting a cost reduction strategy[14]. - Inventory decreased to CNY 2,058,585,438.08 in Q1 2023 from CNY 2,391,641,182.47 in Q1 2022, indicating improved inventory management[12]. - Research and development expenses for Q1 2023 were CNY 194,182,348.41, up from CNY 184,456,008.16 in Q1 2022, reflecting continued investment in innovation[14]. - The company reported a decrease in employee compensation liabilities to CNY 503,065,308.05 in Q1 2023 from CNY 669,278,588.31 in Q1 2022, indicating potential workforce adjustments[12]. - The company did not execute any mergers or acquisitions during this reporting period[19].