Xianhe(SH:603733)2023-04-28 16:00Financial Performance - Q1 2023 revenue reached ¥1,837,474,993.83, an increase of 9.51% year-over-year[5] - Net profit attributable to shareholders was ¥122,128,957.77, a decrease of 16.35% compared to the same period last year[5] - Basic earnings per share for the quarter were ¥0.17, down 19.05% from the previous year[5] - The net profit for Q1 2023 was CNY 122,613,624.21, a decrease of 16.3% compared to CNY 146,434,654.01 in Q1 2022[43] - The total comprehensive income for Q1 2023 was CNY 119,990,043.38, compared to CNY 146,762,601.61 in Q1 2022, indicating a decrease of 18.2%[44] - The net profit for Q1 2023 was ¥59,435,052.86, down 26.5% from ¥80,880,297.93 in Q1 2022[65] Cash Flow - Net cash flow from operating activities was -¥680,330,915.49, representing a decline of 736.43% year-over-year[5] - The company's cash flow from operating activities showed a net outflow of CNY 680,330,915.49, compared to a net inflow of CNY 106,898,217.12 in Q1 2022[56] - The net cash flow from operating activities decreased by RMB 736.43 million, primarily due to an increase in raw material payments[22] - The net cash flow from investing activities decreased by RMB 638.25 million, mainly due to the increase in purchases of new project goods[22] - The net cash flow from financing activities was ¥1,218,823,547.44 in Q1 2023, a significant recovery from a net outflow of ¥59,749,837.43 in Q1 2022[57] - The net cash flow from financing activities was CNY 834,307,588.72, a turnaround from a negative CNY -36,936,695.35 in Q1 2022[70] Assets and Liabilities - Total assets at the end of the reporting period amount to RMB 14,665,994,987.75, reflecting a 10.57% increase from the end of the previous year[18] - Total assets as of March 31, 2023, were ¥14,665,994,987.75, up from ¥13,263,623,257.55 at the end of 2022, reflecting a growth of 10.6%[35] - Total liabilities increased to ¥7,634,188,791.44 in Q1 2023 from ¥6,351,816,196.90 in Q4 2022, an increase of 20.2%[35] - The total liabilities rose to ¥4,857,522,372.42 in Q1 2023, up from ¥3,983,013,739.17 in Q1 2022, indicating an increase of 21.9%[61] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,515[11] - The largest shareholder, Zhejiang Xianhe Holding Group Co., Ltd., holds 76.49% of the shares, with 95,000,000 shares pledged[11] - The equity attributable to shareholders of the listed company is RMB 6,999,128,275.63, showing a 1.74% increase compared to the end of the previous year[18] - The total equity attributable to shareholders increased to ¥6,999,128,275.63 in Q1 2023 from ¥6,879,613,806.41 in Q4 2022, showing a growth of 1.7%[35] Operational Metrics - Total operating revenue for Q1 2023 reached ¥1,837,474,993.83, an increase of 9.5% compared to ¥1,677,948,384.45 in Q1 2022[39] - Total operating costs for Q1 2023 were ¥1,740,574,844.84, up from ¥1,558,290,117.89 in Q1 2022, reflecting a year-over-year increase of 11.7%[39] - Research and development expenses in Q1 2023 amounted to ¥23,323,628.25, compared to ¥20,445,852.47 in Q1 2022, indicating a growth of 9.2%[39] - The company's inventory rose to CNY 1,063,985,245.03, up from CNY 781,893,933.32 in the previous year, an increase of 36%[51] Other Financial Metrics - The weighted average return on equity is 1.76%, a decrease of 0.49 percentage points from the previous year[18] - The diluted earnings per share for the reporting period is RMB 0.17, representing a decrease of 26.09% compared to the previous year[18] - The company reported a decrease in tax and additional charges from ¥9,862,975.53 in Q1 2022 to ¥6,721,521.73 in Q1 2023, a reduction of 31.4%[39] - The company reported a decrease in asset impairment losses of RMB 335.34 million, attributed to increased inventory write-down provisions[22] Future Outlook - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[56]