GRANDWALL(SH:603897)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,357,151,499.87, representing a decrease of 1.01% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 30,619,576.11, down 37.40% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 32,088,599.95, a decrease of 33.96% compared to the previous year[5]. - Basic earnings per share were CNY 0.15, down 37.50% year-on-year[6]. - The company reported a net profit margin of approximately 1.9% for Q1 2023, down from 2.8% in Q1 2022[19]. - In Q1 2023, the company's net profit was CNY 30,619,576.11, a decrease of 37.4% compared to CNY 48,916,430.89 in Q1 2022[20]. - The company's operating profit for Q1 2023 was CNY 39,979,753.97, down 31.4% from CNY 58,356,024.78 in the same period last year[20]. - The company reported a total revenue from sales and services of CNY 1,991,233,418.21 in Q1 2023, slightly down from CNY 2,023,929,193.97 in Q1 2022[24]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -7,449,709.38, an increase of 95.27% in cash outflow compared to the same period last year[5]. - The total cash flow from operating activities in Q1 2023 was a net outflow of CNY 7,449,709.38, compared to a net outflow of CNY 157,445,792.24 in Q1 2022[24]. - Cash and cash equivalents increased to RMB 1,295,631,952.60 as of March 31, 2023, compared to RMB 1,194,835,895.87 at the end of 2022, reflecting an increase of 8.4%[16]. - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,171,375,232.60, an increase from CNY 177,772,493.41 at the end of Q1 2022[25]. - The total cash outflow from investing activities in Q1 2023 was CNY 34,946,333.98, a decrease from CNY 93,611,567.22 in Q1 2022[25]. - The company raised CNY 119,868,750.00 through borrowings in Q1 2023, a substantial increase from CNY 9,891,666.67 in Q1 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,960,698,094.78, an increase of 5.91% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 5,960,698,094.78, up from RMB 5,627,879,497.83 at the end of 2022, marking an increase of 5.9%[18]. - Total liabilities increased to RMB 3,184,669,076.86 from RMB 2,882,470,056.02, indicating a rise of 10.5%[18]. - Shareholders' equity as of March 31, 2023, was RMB 2,776,029,017.92, compared to RMB 2,745,409,441.81 at the end of 2022, reflecting an increase of 1.1%[18]. - The equity attributable to shareholders was CNY 2,776,029,017.92, up 1.12% from the previous year[6]. - Short-term borrowings rose to RMB 793,987,421.22 from RMB 681,742,936.37, an increase of 16.4%[17]. Cost and Expenses - The company experienced increased raw material costs and fixed costs, which significantly impacted profitability[10]. - Total operating costs for Q1 2023 were RMB 2,312,452,727.62, down from RMB 2,314,016,935.48 in Q1 2022, indicating a marginal reduction of 0.07%[19]. - Research and development expenses in Q1 2023 were CNY 24,267,473.10, significantly reduced by 45.6% from CNY 44,713,241.56 in Q1 2022[20]. - The company incurred financial expenses of CNY -5,747,975.57 in Q1 2023, compared to CNY -1,125,687.99 in Q1 2022, indicating a significant increase in financial costs[20]. - Non-recurring gains and losses amounted to CNY -1,469,023.84, primarily due to various adjustments and losses[9]. Performance Ratios - The weighted average return on equity decreased by 0.69 percentage points to 1.11%[6]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.15, down from CNY 0.24 in Q1 2022[21].