Hangcha (SH:603298)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 3,929,226,032.62, representing a year-on-year increase of 9.04%[4] - The net profit attributable to shareholders for Q1 2023 was RMB 292,054,824.57, reflecting a significant increase of 53.55% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 281,079,809.07, up by 51.87% year-on-year[4] - Basic earnings per share for Q1 2023 were RMB 0.34, an increase of 54.55% compared to the same period last year[4] - Net profit for Q1 2023 reached CNY 301,243,656.53, a 52.1% increase from CNY 197,848,324.33 in Q1 2022[15] - Operating profit for Q1 2023 was CNY 367,037,399.42, up 57.8% from CNY 232,385,078.66 in the same period last year[15] - Total comprehensive income for Q1 2023 was CNY 299,767,710.52, compared to CNY 199,297,773.70 in Q1 2022, indicating a 50.4% rise[16] Cash Flow - The net cash flow from operating activities reached RMB 357,998,640.09, marking a 59.07% increase from the previous year[4] - Cash flow from operating activities netted CNY 357,998,640.09, an increase of 59.0% from CNY 225,053,538.66 in Q1 2022[18] - Cash inflow from investment activities totaled CNY 120,641,032.84, compared to CNY 80,726,883.51 in Q1 2022, representing a 49.5% increase[18] - Cash flow from financing activities netted CNY 10,344,480.25, a significant decrease from CNY 517,460,002.68 in Q1 2022[18] - Net increase in cash and cash equivalents for Q1 2023 was $364,175,555.26, compared to $774,135,285.09 in the previous year[19] - Beginning cash and cash equivalents balance was $3,023,277,202.27, up from $2,314,975,985.27 year-over-year[19] - Ending cash and cash equivalents balance reached $3,387,452,757.53, compared to $3,089,111,270.36 in the same period last year[19] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to RMB 12,415,646,371.32, which is a 6.17% increase from the end of the previous year[5] - Current assets totaled ¥8,227,871,549.29 as of March 31, 2023, compared to ¥7,584,494,224.88 at the end of 2022, indicating a growth of 8.49%[12] - Non-current assets amounted to ¥4,187,774,822.03, an increase from ¥4,109,082,769.05 at the end of 2022, representing a growth of 1.91%[12] - Total liabilities decreased to ¥4,367,246,441.97 from ¥4,883,251,272.02, a reduction of 10.54%[13] - Shareholders' equity increased to ¥8,048,399,929.35 from ¥6,810,325,721.91, reflecting a growth of 18.19%[13] Costs and Expenses - Total operating costs for Q1 2023 were ¥3,613,552,101.06, up from ¥3,405,915,995.93 in Q1 2022, reflecting a year-over-year increase of 6.11%[14] - Research and development expenses increased to CNY 168,767,294.25, representing a 14.7% rise from CNY 147,139,882.69 in Q1 2022[15] Revenue Growth Factors - The company attributes the increase in net profit to revenue growth, product structure optimization, and effective cost control measures[7] - Total revenue from operating activities for Q1 2023 was CNY 2,796,415,500.31, compared to CNY 2,373,486,380.23 in Q1 2022, marking a 17.8% growth[18] Return on Equity - The weighted average return on equity for Q1 2023 was 4.20%, an increase of 0.86 percentage points year-on-year[4]