Sunfar(SH:603938)2023-04-17 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 573,946,676.41, representing a year-on-year increase of 7.61% compared to CNY 533,349,085.70 in the same period last year[5]. - Net profit attributable to shareholders decreased by 32.77% to CNY 101,154,987.80 from CNY 150,446,667.69 in the previous year[5]. - The basic earnings per share (EPS) fell by 32.73% to CNY 0.37 from CNY 0.77 in the same period last year[6]. - The weighted average return on equity (ROE) decreased to 4.06% from 9.23% year-on-year, a decline of 5.17 percentage points[6]. - The company's net profit for Q1 2023 was not explicitly stated but can be inferred from the operating results and costs[21]. - In Q1 2023, the company's net profit was CNY 98,379,038.74, a decrease of 34.2% compared to CNY 149,639,706.26 in Q1 2022[22]. - The total profit before tax was CNY 114,109,043.84, down from CNY 173,605,516.55 in Q1 2022, indicating a decline of 34.3%[22]. Cash Flow and Assets - The net cash flow from operating activities was CNY 97,691,040.22, a significant improvement from a negative cash flow of CNY -97,298,822.26 in the previous year[6]. - The cash and cash equivalents at the end of the period were CNY 180,137,129.01, a decrease from CNY 282,677,704.54 at the beginning of the quarter[26]. - The company's cash and cash equivalents decreased to RMB 202,246,613.29 from RMB 310,404,686.52 as of December 31, 2022, representing a decline of 34.8%[16]. - The company incurred a net cash outflow from investing activities of CNY 198,278,256.02, compared to a net outflow of CNY 99,612,531.65 in Q1 2022[25]. - The cash flow from financing activities resulted in a net outflow of CNY 820,438.08, a decrease from a net inflow of CNY 196,408,122.03 in the same quarter last year[26]. - Total assets at the end of the reporting period were CNY 3,249,875,785.38, down 2.59% from CNY 3,336,167,040.9 at the end of the previous year[6]. - Total assets as of March 31, 2023, were RMB 3,249,875,785.38, down from RMB 3,336,167,040.99 at the end of 2022, a decrease of 2.6%[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,231[12]. - The top shareholder, Sun Renjing, holds 39.31% of the shares, totaling 107,431,800 shares[13]. Operating Costs and Profitability - Total operating costs for Q1 2023 were RMB 461,185,853.75, up 29.3% from RMB 356,595,635.79 in Q1 2022[21]. - Gross profit for Q1 2023 was RMB 112,760,822.66, resulting in a gross margin of approximately 19.7%[21]. - The company experienced a decline in sales prices of its main products, which significantly impacted net profit and earnings per share[10]. Research and Development - The company plans to continue focusing on research and development, with R&D expenses amounting to RMB 14,210,089.10 in Q1 2023[21]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,821,618.36, with government subsidies contributing CNY 1,985,007.54[10]. - Accounts receivable increased to RMB 163,291,732.84 from RMB 135,252,705.47, reflecting a growth of 20.8%[16]. - Inventory decreased to RMB 177,356,067.85 from RMB 265,654,243.55, a reduction of 33.2%[17]. - Total liabilities decreased to RMB 848,804,233.76 from RMB 1,036,993,133.30, a decline of 18.1%[18]. - The company reported a decrease in credit impairment losses to CNY -1,919,651.04 from CNY -5,677,236.21 in the previous year[22].