SQTEG(SH:603339)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥531,373,473.63, representing a year-on-year increase of 17.33%[5] - The net profit attributable to shareholders for Q1 2023 was ¥76,475,713.67, reflecting a significant increase of 59.13% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥74,327,528.93, up by 60.67% year-on-year[5] - Basic earnings per share for Q1 2023 were ¥0.25, which is a 56.25% increase from the same period last year[6] - The diluted earnings per share also stood at ¥0.25, marking a 56.25% increase year-on-year[6] - Total revenue for Q1 2023 reached ¥531,373,473.63, an increase of 17.3% compared to ¥452,898,386.81 in Q1 2022[18] - The net profit for Q1 2023 was CNY 76,475,713.67, representing a 59% increase compared to CNY 48,058,790.75 in Q1 2022[19] - Operating profit for Q1 2023 reached CNY 86,265,136.07, up from CNY 53,533,698.69 in the same period last year, indicating a growth of approximately 61%[19] - Total comprehensive income for Q1 2023 was CNY 75,954,597.06, compared to CNY 47,644,862.00 in Q1 2022, marking a rise of approximately 59%[20] - The total profit for Q1 2023 was CNY 86,254,602.87, compared to CNY 53,610,244.65 in Q1 2022, indicating an increase of approximately 61%[19] Cash Flow and Assets - The net cash flow from operating activities for Q1 2023 was ¥55,020,017.50, an increase of 36.15% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was CNY 55,020,017.50, an increase from CNY 40,410,628.45 in Q1 2022, reflecting a growth of about 36%[23] - The company generated CNY 599,856,784.61 in cash inflows from operating activities in Q1 2023, compared to CNY 517,001,379.45 in Q1 2022, representing an increase of about 16%[22] - Investment activities generated a net cash inflow of CNY 175,147,139.30 in Q1 2023, a significant recovery from a net outflow of CNY 9,180,393.18 in Q1 2022[23] - Cash and cash equivalents increased to ¥473,554,372.02 as of March 31, 2023, compared to ¥445,990,735.50 as of December 31, 2022, an increase of 6.2%[15] - The company reported cash and cash equivalents at the end of Q1 2023 of CNY 472,508,179.18, down from CNY 723,559,398.61 at the end of Q1 2022[24] Costs and Expenses - Total operating costs for Q1 2023 were ¥449,634,605.55, up from ¥401,225,222.68 in Q1 2022, reflecting a growth of 12.0%[18] - Research and development expenses increased to ¥26,939,770.09 in Q1 2023, compared to ¥20,077,922.37 in Q1 2022, marking a rise of 34.1%[18] Balance Sheet and Equity - Total assets at the end of Q1 2023 were ¥3,072,816,392.72, a decrease of 4.21% from the end of the previous year[6] - The equity attributable to shareholders increased by 3.44% to ¥2,281,422,407.62 compared to the end of the previous year[6] - The total current assets decreased to ¥2,145,635,242.10 as of March 31, 2023, from ¥2,274,124,243.67 as of December 31, 2022, a decline of 5.7%[15] - The total liabilities decreased to ¥791,393,985.10 in Q1 2023 from ¥1,002,377,488.82 in Q4 2022, a reduction of 21.1%[16] - The total assets decreased to ¥3,072,816,392.72 as of March 31, 2023, from ¥3,207,845,091.48 as of December 31, 2022, a decline of 4.2%[17] - The net profit attributable to shareholders increased to ¥1,431,011,195.08 as of March 31, 2023, compared to ¥1,354,535,481.41 as of December 31, 2022, an increase of 5.6%[17] - The company reported a decrease in short-term borrowings to ¥100,000.00 in Q1 2023 from ¥145,405,480.77 in Q4 2022, a significant reduction of 99.9%[16] Other Financial Metrics - The weighted average return on equity increased by 0.97 percentage points to 3.41%[6] - The company reported non-recurring gains of ¥2,148,184.74 for the period, primarily due to increased sales revenue and gross profit[9] - The company reported a foreign exchange loss of CNY 6,221,920.48 in Q1 2023, contrasting with a gain of CNY 4,377,293.94 in Q1 2022[23]