OPPEIN(SH:603833)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,570,331,968, representing a decrease of 13.85% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 152,409,602.72, down 39.79% year-on-year[3]. - Total revenue for Q1 2023 was CNY 3,570,331,968, a decrease of 13.8% compared to CNY 4,144,232,594 in Q1 2022[14]. - Operating profit for Q1 2023 was CNY 172,738,108, down 41.5% from CNY 295,501,068 in Q1 2022[15]. - Net profit for Q1 2023 was CNY 148,299,869, a decline of 41.1% compared to CNY 251,779,499 in Q1 2022[15]. - The net profit after deducting non-recurring gains and losses was CNY 129,822,604.38, down 44.40% year-on-year[3]. - Total comprehensive income for Q1 2023 was ¥150.57 million, down 37.7% from ¥241.40 million in Q1 2022[16]. - Basic earnings per share decreased by 42.86% to CNY 0.24, primarily due to the decline in net profit[5]. - Basic earnings per share for Q1 2023 was ¥0.24, compared to ¥0.42 in Q1 2022, reflecting a decline of 42.9%[16]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 327.53%, amounting to CNY 736,990,154.66, due to a substantial rise in customer orders[5]. - Cash flow from operating activities for Q1 2023 was ¥736.99 million, a significant improvement from a negative cash flow of ¥323.90 million in Q1 2022[19]. - Cash received from sales of goods and services in Q1 2023 was ¥5.18 billion, an increase of 11.9% from ¥4.63 billion in Q1 2022[18]. - Cash inflow from investment activities in Q1 2023 was ¥2.44 billion, compared to ¥1.70 billion in Q1 2022, indicating a growth of 43.5%[20]. - Net cash flow from financing activities for Q1 2023 was ¥847.95 million, down 54.5% from ¥1.87 billion in Q1 2022[20]. - The total cash and cash equivalents at the end of Q1 2023 was ¥4.50 billion, a decrease of 37.9% from ¥7.24 billion at the end of Q1 2022[20]. - The company reported a net cash outflow from investment activities of ¥721.14 million in Q1 2023, compared to a net inflow of ¥354.02 million in Q1 2022[20]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[19]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 29,966,592,912.51, an increase of 4.74% from the end of the previous year[4]. - Total assets as of March 31, 2023, amounted to CNY 29,966,592,912.51, an increase from CNY 28,611,007,188.61 as of December 31, 2022[12]. - Current assets increased to CNY 14,521,907,888.57 from CNY 13,380,595,806.01, reflecting a growth of 8.5%[12]. - Total liabilities as of March 31, 2023, were CNY 13,405,068,084.02, up from CNY 12,097,207,413.62 at the end of 2022[13]. - Cash and cash equivalents increased to CNY 10,058,524,107.94 from CNY 8,269,801,977.25, representing a growth of 9.6%[12]. - Inventory decreased to CNY 1,296,907,658.78 from CNY 1,414,007,319.05, a decline of 8.3%[12]. - The company reported a decrease in operating costs to CNY 3,413,175,858.37 from CNY 3,866,855,469.94, a reduction of 11.7%[14]. Challenges and Strategic Outlook - The company faced challenges in sales due to customer demand, leading to a decrease in orders and production capacity utilization[4]. - The company did not disclose any new product developments or market expansion strategies in this report[9]. - Research and development expenses for Q1 2023 were CNY 186,810,605.34, down from CNY 204,764,224.22 in Q1 2022, a decrease of 8.8%[15]. - The weighted average return on equity was 1.02%, a decrease of 0.72 percentage points compared to the previous year[3]. - The company reported a total equity attributable to shareholders of CNY 16,559,982,038.60, a slight increase of 0.31% from the previous year-end[4].