XHW(SH:603888)2023-04-27 16:00Financial Performance - Total operating revenue for Q1 2023 was CNY 324,830,768.20, an increase of 7.4% compared to CNY 303,404,085.74 in Q1 2022[7] - Net profit for Q1 2023 reached CNY 25,817,570.00, representing a 27.5% increase from CNY 20,292,606.60 in Q1 2022[7] - The total profit for Q1 2023 was CNY 28,395,895.49, an increase of 28.5% from CNY 22,068,331.05 in Q1 2022[7] - The company reported a financial income of CNY 11,826,364.70 in Q1 2023, compared to CNY 10,939,017.62 in Q1 2022, marking an increase of 8.1%[7] - The net profit attributable to shareholders of the listed company was RMB 25,817,570.00, reflecting a year-on-year increase of 27.23%[41] - The basic earnings per share for the first quarter was RMB 0.0497, an increase of 27.11% compared to the previous year[41] - The diluted earnings per share also stood at RMB 0.0497, reflecting the same year-on-year increase of 27.11%[41] - The total comprehensive income for Q1 2023 was CNY 17,969,476.22, compared to CNY 7,044,627.85 in the previous year[64] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 311,170,853.70, up from CNY 299,729,864.31 in Q1 2022, reflecting a rise of 3.5%[7] - Research and development expenses for Q1 2023 were CNY 11,751,451.31, down from CNY 13,346,460.05 in Q1 2022, indicating a decrease of 11.9%[7] - The company experienced a decrease in sales expenses, which rose to CNY 58,289,242.76 in Q1 2023 from CNY 47,297,146.90 in Q1 2022, reflecting a growth of 23.3%[7] Cash Flow - Cash flow from operating activities in Q1 2023 was negative at CNY -165,614,923.04, worsening from CNY -53,147,377.69 in Q1 2022[9] - Cash flow from investing activities showed a net inflow of CNY 37,417,634.86 in Q1 2023, a significant improvement from a net outflow of CNY -432,984,919.61 in Q1 2022[9] - The net cash flow from operating activities was RMB -165,614,923.04, showing a significant decline of 211.61% year-on-year[41] - The company reported a net cash outflow from financing activities of $15,772,571.82[24] Assets and Liabilities - Total assets decreased by 4.11% from the end of the previous year, amounting to $4,968,265,561.02[15] - Current assets totaled $3,689,397,757.22, down from $3,833,898,173.82 in the previous year[23] - Inventory decreased to $14,273,806.34 from $15,715,975.81, reflecting a decline of approximately 9.15%[23] - Total liabilities amounted to $1,899,820,005.20, with current liabilities totaling $1,199,885,795.89[12] - Non-current liabilities totaled $699,934,209.31, including long-term payables of $302,917,859.08[12] - The total assets decreased from RMB 5,181,095,423.27 to RMB 4,968,265,561.02[36] - The total non-current assets decreased from RMB 1,347,197,249.45 to RMB 1,278,867,803.80[36] - Total liabilities amounted to CNY 1,669,020,666.73, a decrease from CNY 1,899,820,005.20 in the previous period[49] Equity - The equity attributable to shareholders of the listed company increased by 0.55%, reaching $3,299,244,894.29[15] - The company’s total equity was $3,281,275,418.07, consistent with the previous reporting period[12] - The total equity attributable to shareholders reached CNY 3,299,244,894.29, up from CNY 3,281,275,418.07[49] Other Information - The company plans to implement new accounting standards starting in 2023, which are not expected to significantly impact financial results[10] - The company has not reported any net profit from the merged entities during the current or previous periods[51] - The top ten shareholders collectively hold 51% of the shares, with Xinhua News Agency being the largest shareholder at 51%[57]