SOLAREAST(SH:603366)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥872,183,956.06, representing a year-on-year increase of 35.51%[4] - The net profit attributable to shareholders was -¥10,763,907.06, indicating a significant reduction in losses compared to the previous year[4] - The net cash flow from operating activities was -¥51,760,716.56, showing an improvement in cash flow losses compared to the same period last year[4] - Total operating revenue for Q1 2023 reached ¥872,183,956.06, a significant increase of 35.5% compared to ¥643,624,645.22 in Q1 2022[18] - Net profit for Q1 2023 was a loss of ¥12,773,349.87, an improvement from a loss of ¥61,997,158.64 in Q1 2022[19] - The company reported a total comprehensive loss of ¥11,303,632.90 for Q1 2023, compared to a loss of ¥61,742,073.39 in Q1 2022[20] - Basic earnings per share for Q1 2023 was -¥0.0134, an improvement from -¥0.0763 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,408,486,273.05, a decrease of 1.28% from the previous year-end[5] - Current assets totaled RMB 2,291,915,286.57, down from RMB 2,478,167,839.26, indicating a decrease of about 7.52%[15] - The company's total liabilities decreased to ¥2,585,365,266.08 in Q1 2023 from ¥2,659,502,431.89 in Q1 2022, reflecting a reduction of approximately 2.8%[17] - Total liabilities amounted to RMB 2,291,915,286.57, a decrease from RMB 2,478,167,839.26, indicating a decline of about 7.52%[15] - The total assets of the company were ¥6,408,486,273.05 in Q1 2023, down from ¥6,491,853,275.59 in Q1 2022, indicating a decrease of approximately 1.3%[17] Cash Flow - The cash flow from financing activities decreased by 59.54% due to reduced net bank borrowings compared to the previous year[8] - Operating cash inflow for Q1 2023 was $899.49 million, up from $750.70 million in Q1 2022, representing a 19.7% increase[21] - Net cash flow from operating activities was -$51.76 million in Q1 2023, an improvement from -$197.11 million in Q1 2022[22] - Cash inflow from investment activities totaled $866.16 million in Q1 2023, compared to $680.28 million in Q1 2022, marking a 27.3% increase[22] - Cash inflow from financing activities was $40 million in Q1 2023, down from $100 million in Q1 2022[22] - The ending cash and cash equivalents balance for Q1 2023 was $394.77 million, compared to $354.18 million in Q1 2022, reflecting a year-over-year increase[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,528[10] - The total equity attributable to shareholders was ¥3,753,696,600.49 in Q1 2023, slightly down from ¥3,760,916,994.41 in Q1 2022[17] Government Support and Investments - The company received government subsidies amounting to ¥7,381,668.35 during the reporting period[7] - The company recorded investment income of ¥5,847,626.88 in Q1 2023, compared to ¥5,513,200.53 in Q1 2022, reflecting an increase of 6.0%[19] Operational Efficiency - The company plans to continue improving operational efficiency and expanding market presence in the upcoming quarters[8] Research and Development - Research and development expenses for Q1 2023 were ¥30,703,671.09, a decrease of 1.8% compared to ¥31,284,373.56 in Q1 2022[18] Other Financial Metrics - The weighted average return on net assets was -0.29%, a decrease of 2.11 percentage points compared to the previous year[4] - The company reported a significant increase in other current assets, which rose to RMB 109,153,212.09 from RMB 29,410,499.68, representing an increase of approximately 270.73%[15] - The company’s long-term equity investments remained stable at RMB 1,433,592,849.69, unchanged from the previous period[15] - The company’s total non-current assets increased to RMB 4,116,570,986.48 from RMB 4,013,685,436.33, reflecting an increase of about 2.57%[15] - Total operating costs for Q1 2023 were ¥897,407,678.71, up 23.7% from ¥725,573,989.03 in Q1 2022[18]