Huada(SH:603358)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,071,033,982.26, representing a decrease of 4.65% compared to the same period last year[4] - Net profit attributable to shareholders was ¥120,006,096.29, an increase of 50.98% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,683,834.78, up by 29.04%[4] - Basic earnings per share were ¥0.27, reflecting a 50% increase compared to the previous year[4] - Net profit for Q1 2023 was CNY 126,617,147.97, representing an increase of 63.49% from CNY 77,475,956.29 in Q1 2022[28] - Earnings per share for Q1 2023 was CNY 0.27, up from CNY 0.18 in Q1 2022[30] - The basic earnings per share for Q1 2023 were CNY 0.20, up from CNY 0.16 in Q1 2022, reflecting a growth of 25%[40] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥153,633,200.22, showing a significant increase of 95.74%[4] - Cash flow from operating activities was CNY 1,105,971,675.99, down from CNY 1,247,898,852.48 in Q1 2022[31] - The company's cash flow from operating activities for Q1 2023 was CNY 203.56 million, significantly higher than CNY 44.27 million in Q1 2022[41] - The total cash and cash equivalents at the end of the period reached ¥1,260,818,930.80, up from ¥807,796,148.14, indicating a significant increase of 56%[34] - Cash and cash equivalents increased to CNY 1,442,235,874.32 from CNY 1,167,448,250.65 year-over-year, representing a growth of approximately 23.4%[17] - The cash inflow from investment activities was ¥40,906,824.67, compared to ¥12,865,471.32 in the previous period, indicating a growth of approximately 218%[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,441,503,884.41, a slight increase of 0.73% from the end of the previous year[6] - The total assets reached CNY 6,441,503,884.41, up from CNY 6,395,114,860.15, indicating a growth of about 0.7%[23] - Total liabilities amounted to CNY 2,808,074,856.08, a decrease from CNY 2,888,302,979.79, showing a decline of about 2.8%[25] - The total liabilities decreased from CNY 1,583.53 million in Q1 2022 to CNY 1,401.39 million in Q1 2023, a reduction of approximately 11.5%[38] - The total current liabilities decreased to ¥1,397,987,801.71 from ¥1,579,899,479.48, representing a reduction of about 11%[37] Equity and Shareholder Value - The equity attributable to shareholders was ¥3,281,527,830.92, up by 3.8% year-on-year[6] - The total equity remained stable at CNY 1,886,429,028.33, unchanged from the previous reporting period[25] - The total equity increased from CNY 2,798.35 million in Q1 2022 to CNY 2,885.87 million in Q1 2023, an increase of approximately 3.1%[38] Operational Efficiency - The weighted average return on net assets rose to 3.73%, an increase of 1.12 percentage points[6] - Total operating costs decreased to CNY 966,105,480.47, down 7.25% from CNY 1,041,630,347.83 in the same period last year[26] - The company experienced a decrease in sales costs from CNY 817.91 million in Q1 2022 to CNY 749.17 million in Q1 2023, a reduction of about 8.4%[38] Market Strategy and Investment - The company has increased its market expansion efforts, optimizing customer structure and adding new clients, particularly in the new energy vehicle parts business[9] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[28] - Research and development expenses increased to CNY 35,014,095.19, compared to CNY 32,930,349.47 in Q1 2022, reflecting a focus on innovation[26] - Research and development expenses for Q1 2023 were CNY 27.47 million, slightly down from CNY 28.22 million in Q1 2022[38]