First(SH:603806)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,912,959,472.68, representing a year-on-year increase of 26.48%[2] - The net profit attributable to shareholders for the same period was CNY 364,342,580.67, reflecting a growth of 7.46% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 345,540,841.50, which is an increase of 9.65% year-on-year[2] - The basic earnings per share (EPS) for Q1 2023 was CNY 0.27, up by 9.41% from the same period last year[2] - Total operating revenue for Q1 2023 reached ¥4,912,959,472.68, a 26.4% increase from ¥3,884,303,667.81 in Q1 2022[15] - Net profit for Q1 2023 was ¥364,678,019.62, representing a 7.4% increase compared to ¥339,577,292.23 in Q1 2022[16] - The total comprehensive income attributable to the parent company was approximately ¥364.60 million, up from ¥336.96 million in the previous year[17] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 20,822,340,984.71, a 3.11% increase from the end of the previous year[3] - Total assets as of Q1 2023 were ¥20,822,340,984.71, compared to ¥20,194,693,049.09 at the end of Q1 2022[13] - Total liabilities for Q1 2023 were ¥6,413,485,359.80, an increase from ¥6,184,187,061.55 in Q1 2022[12] - The company's total equity reached ¥14,408,855,624.91 in Q1 2023, up from ¥14,010,505,987.54 in Q1 2022[13] - The equity attributable to shareholders increased to CNY 14,346,126,058.58, marking a 2.61% rise compared to the end of last year[3] Cash Flow - The net cash flow from operating activities was negative at CNY -984,340,665.27, indicating a significant cash outflow[2] - The net cash flow from operating activities was negative at approximately -¥984.34 million, worsening from -¥151.43 million in the same period last year[20] - The company’s cash inflow from financing activities was approximately ¥832.85 million, significantly higher than ¥200 million in Q1 2022[20] - Cash outflow from investing activities was approximately ¥436.89 million, a decrease from ¥493.77 million in the same period last year[20] - The company’s total cash and cash equivalents at the end of Q1 2023 stood at approximately ¥5.42 billion, up from ¥2.44 billion at the end of Q1 2022[21] Shareholder Information - The top shareholder, Hangzhou Foster Technology Group Co., Ltd., holds 48.45% of the shares, while the second-largest shareholder, Lin Jianhua, owns 13.46%[7] Expenses - Total operating costs for Q1 2023 were ¥4,540,514,143.44, up 31.7% from ¥3,449,273,102.43 in Q1 2022[15] - Research and development expenses in Q1 2023 amounted to ¥166,733,185.44, an increase from ¥139,222,562.57 in Q1 2022[15] Other Financial Metrics - The weighted average return on equity (ROE) decreased to 2.57%, down by 0.18 percentage points from the previous year[2] - Cash and cash equivalents increased to ¥49,779.66 in Q1 2023 from ¥2,809,779.66 in Q1 2022[11] - Accounts receivable rose to ¥4,330,343,953.63 in Q1 2023, compared to ¥3,776,155,547.92 in Q1 2022[11] - Inventory decreased to ¥3,061,742,936.92 in Q1 2023 from ¥3,515,598,210.73 in Q1 2022[11] - Basic earnings per share increased to ¥0.27 in Q1 2023 from ¥0.25 in Q1 2022, while diluted earnings per share rose to ¥0.28 from ¥0.25[17] - The company reported non-recurring gains totaling CNY 18,801,739.17 for the quarter[4]