XUSHENG(SH:603305)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥1,173,083,773.16, representing an increase of 18.28% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was ¥192,838,083.14, a significant increase of 60.79% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥184,364,278.33, up by 69.20% from the previous year[6] - Basic earnings per share for the period were ¥0.29, an increase of 52.63% compared to the same period last year[6] - The company reported a profit before tax of approximately $225.69 million for Q1 2023, compared to $136.60 million in Q1 2022, indicating a growth of about 65.1%[36] - The total comprehensive income for Q1 2023 was approximately $192.60 million, compared to $119.76 million in Q1 2022, representing an increase of about 60.7%[36] Cash Flow and Liquidity - The net cash flow from operating activities was ¥353,103,445.88, reflecting a substantial increase of 131.74%[6] - Cash inflow from operating activities in Q1 2023 was approximately $1.33 billion, compared to $1.18 billion in Q1 2022, marking an increase of about 13.3%[39] - The cash outflow from operating activities in Q1 2023 was approximately $979.94 million, compared to $1.02 billion in Q1 2022, showing a decrease of about 4.3%[39] - Cash and cash equivalents as of March 31, 2023, were RMB 1,830,728,351.61, down from RMB 2,327,187,550.55 at the end of 2022, representing a decrease of 21.4%[23] - The cash and cash equivalents at the end of the period amounted to $1,546,223,319.70, compared to $1,118,383,289.55 in the previous period[41] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,651,786,402.60, a slight increase of 0.29% from the end of the previous year[9] - Total liabilities decreased to RMB 3,831,753,014.07 from RMB 3,998,972,843.11 at the end of 2022, reflecting a reduction of 4.2%[29] - The company's equity attributable to shareholders increased to RMB 5,808,081,540.88 from RMB 5,612,531,571.12, marking a growth of 3.5%[29] - The equity attributable to shareholders of the listed company was ¥5,808,081,540.88, which is a 3.48% increase compared to the end of the previous year[9] Market and Strategic Initiatives - The company attributed the increase in net profit to the expansion of domestic and international markets and increased sales volume[13] - The company plans to expand its market presence and invest in new product development to drive future growth[29] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[29] - The company has not disclosed any new product developments or strategic acquisitions during this reporting period[17] Costs and Expenses - Total operating costs for Q1 2023 were approximately $951.32 million, up from $870.24 million in Q1 2022, reflecting an increase of about 9.3%[32] - Research and development expenses for Q1 2023 totaled approximately $44.38 million, up from $37.78 million in Q1 2022, reflecting an increase of about 17.3%[32] Other Financial Metrics - The weighted average return on net assets increased by 0.15 percentage points to 3.38%[9] - The company reported a net profit margin improvement, with net profit for Q1 2023 expected to show a positive trend compared to the previous year[29] - The company recorded a tax expense of approximately $33.10 million in Q1 2023, compared to $16.80 million in Q1 2022, which is an increase of about 97.5%[36]