HUAYOU COBALT(SH:603799)2023-04-27 16:00Revenue and Profit - The company's revenue for Q1 2023 reached ¥19,110,269,458.36, representing a year-on-year increase of 44.64%[2] - Net profit for the period was ¥1,517,071,573.82, reflecting an increase of 11.78% compared to the previous year[2] - The net profit attributable to shareholders decreased by 15.10% to ¥1,024,101,139.05, while the net profit after deducting non-recurring gains and losses fell by 16.32% to ¥995,692,886.87[2] - Total revenue for Q1 2023 reached ¥20,068,065,384.95, a 46.5% increase from ¥13,762,064,414.00 in Q1 2022[19] - Net profit for Q1 2023 was ¥1,517,071,573.82, up 11.8% from ¥1,357,185,046.95 in Q1 2022[21] - Total comprehensive income for Q1 2023 was ¥1,651,053,815.71, compared to ¥1,322,983,495.59 in Q1 2022[17] Expenses and Costs - R&D expenses increased significantly by 85.00% to ¥407,449,373.71, indicating a strong commitment to innovation[6] - Total operating costs for Q1 2023 were ¥17,854,099,082.24, an increase from ¥11,637,656,300.61 in Q1 2022[21] Cash Flow and Financial Position - The net cash flow from operating activities surged by 428.62% to ¥812,858,791.98, primarily due to reduced cash outflows for purchases and services[6] - Cash flow from operating activities generated ¥812,858,791.98, significantly higher than ¥153,770,576.03 in Q1 2022[20] - Investment activities resulted in a net cash outflow of ¥5,043,384,964.22, compared to a net outflow of ¥3,496,333,061.00 in Q1 2022[20] - Financing activities generated cash inflow of ¥12,211,779,677.80, down from ¥17,040,168,699.71 in Q1 2022[20] - Net cash flow from financing activities was $5.87 billion, a decrease of 52% compared to $12.28 billion in the previous period[22] - The net increase in cash and cash equivalents was $1.72 billion, down from $8.95 billion year-over-year[22] - The ending balance of cash and cash equivalents was $10.30 billion, compared to $15.05 billion at the end of the previous period[22] - The impact of exchange rate changes on cash and cash equivalents was $80.82 million, an increase from $9.72 million[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥119,871,469,364.19, an increase of 8.39% from the end of the previous year[4] - Current assets as of March 31, 2023, totaled CNY 51,837,224,937.73, up from CNY 49,569,930,687.14 at the end of 2022, reflecting a growth of 4.6%[13] - Non-current assets increased to CNY 68,034,244,426.46 from CNY 61,022,488,024.71, marking an increase of 11.9%[13] - Total liabilities rose to CNY 84,845,317,484.94 from CNY 77,909,940,716.66, indicating an increase of 8.5%[14] - The company's cash and cash equivalents increased to CNY 17,306,627,158.22 from CNY 15,435,775,480.67, a rise of 12.1%[12] - Inventory decreased to CNY 16,554,341,000.90 from CNY 17,692,022,676.50, reflecting a decline of 6.4%[12] - Long-term investments grew to CNY 8,484,088,546.58 from CNY 7,914,624,818.43, an increase of 7.2%[12] - Short-term borrowings increased to CNY 13,605,939,653.91 from CNY 12,019,822,703.67, a rise of 13.2%[14] - The company's retained earnings reached CNY 12,928,059,969.21, up from CNY 11,903,922,527.16, indicating an increase of 8.6%[14] Earnings and Returns - The basic earnings per share decreased by 15.96% to ¥0.64[2] - The weighted average return on equity was 3.08%, down by 2.95 percentage points compared to the previous year[2] - Basic and diluted earnings per share for Q1 2023 were both ¥0.64, down from ¥0.76 in Q1 2022[17]