FLYCO(SH:603868)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,373,916,955.57, representing a year-on-year increase of 22.73%[4] - The net profit attributable to shareholders was RMB 320,243,206.91, reflecting a growth of 35.30% compared to the same period last year[4] - Basic earnings per share for the quarter were RMB 0.74, up by 37.04% from the previous year[4] - The company's net profit for Q1 2023 reached CNY 320,243,206.91, an increase of 35.4% compared to CNY 236,482,617.87 in Q1 2022[18] - Operating profit for Q1 2023 was CNY 377,600,736.32, up from CNY 311,519,175.19 in the same period last year, reflecting a growth of 21.2%[18] - Total revenue from operating activities amounted to CNY 1,609,624,698.14, compared to CNY 1,246,694,971.95 in Q1 2022, indicating a year-over-year increase of 29.1%[20] - The company reported a total comprehensive income of CNY 320,243,206.91 for Q1 2023, compared to CNY 236,482,617.87 in Q1 2022, marking a growth of 35.4%[19] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.74, up from CNY 0.54 in Q1 2022, representing a 37.0% increase[19] Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 577,954,035.47, a significant increase of 743.46% year-on-year[4] - Cash and cash equivalents increased by 42.17% due to improved sales and cash flow conditions[7] - The company's cash and cash equivalents increased to ¥722,074,896.69 as of March 31, 2023, compared to ¥507,897,776.44 at the end of 2022, representing a 42.0% growth[13] - Cash flow from operating activities generated a net amount of CNY 577,954,035.47, significantly higher than CNY 68,522,077.23 in Q1 2022[21] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 722,074,896.69, an increase from CNY 424,946,840.24 at the end of Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 4,598,801,492.80, an increase of 5.80% from the end of the previous year[5] - The equity attributable to shareholders increased to RMB 3,748,443,155.93, marking a 9.34% rise compared to the previous year-end[5] - The total assets of the company increased to ¥4,598,801,492.80 as of March 31, 2023, compared to ¥4,346,536,456.22 at the end of 2022, marking a growth of 5.8%[15] - The total liabilities decreased to ¥850,358,336.87 from ¥918,397,518.50, a reduction of 7.4%[15] Expenses - The company reported a significant increase in sales expenses by 43.65%, attributed to higher advertising and promotional costs[7] - Total operating costs for Q1 2023 were ¥1,015,070,173.92, up from ¥822,514,470.59 in Q1 2022, reflecting a 23.5% increase[16] - Research and development expenses for Q1 2023 were ¥23,222,770.42, slightly up from ¥22,533,430.00 in Q1 2022, reflecting a 3.1% increase[16] Other Financial Metrics - The weighted average return on equity was 8.92%, an increase of 1.43 percentage points year-on-year[4] - Non-recurring gains and losses totaled RMB 40,803,927.73 for the quarter, primarily due to government subsidies received[6] - The company's interest income for Q1 2023 was CNY 1,456,360.43, up from CNY 1,229,321.76 in Q1 2022, reflecting a growth of 18.5%[18] - The company's total assets impairment loss for Q1 2023 was CNY 8,083,598.09, slightly down from CNY 8,680,691.67 in Q1 2022[18] - The company reported a significant decrease in accounts payable, which fell to ¥347,948,984.56 from ¥510,483,624.81, a decline of 31.8%[14] - Accounts receivable decreased to ¥227,877,583.61 from ¥277,426,841.95, a decline of 17.9%[13] - Inventory levels decreased significantly to ¥432,014,127.86 from ¥652,453,470.00, a reduction of 33.7%[13]