SAL(SH:603970)2023-04-18 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,343,089,117.74, representing a year-on-year increase of 15.17%[4] - The net profit attributable to shareholders for the same period was CNY 53,639,248.87, reflecting a growth of 20.48% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 50,278,445.49, which is an increase of 25.07% year-on-year[4] - The basic earnings per share for Q1 2023 was CNY 0.2794, up by 20.48% from the same period last year[4] - The weighted average return on equity increased by 0.29 percentage points to 3.97%[4] - The net profit for Q1 2023 was CNY 59,163,021.36, an increase of 14.3% compared to CNY 51,567,888.42 in Q1 2022[19] - The total revenue for Q1 2023 was CNY 83,636,882.88, up from CNY 68,235,273.02 in the same period last year, reflecting a growth of approximately 22.4%[19] - The operating profit for Q1 2023 reached CNY 83,707,683.33, compared to CNY 67,419,735.07 in Q1 2022, marking an increase of 24.2%[19] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.2794, up from CNY 0.2319 in Q1 2022, representing a growth of 20.5%[20] - The total comprehensive income for Q1 2023 was CNY 59,134,963.50, compared to CNY 51,560,498.00 in Q1 2022, indicating an increase of 14.7%[20] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -771,439,540.60, primarily due to increased operational payments[4][6] - Cash and cash equivalents decreased to ¥523,645,821.94 as of March 31, 2023, from ¥1,931,722,075.70 at the end of 2022, a decline of 72.9%[12] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 402,830,765.85, a decrease from CNY 331,562,729.68 in Q1 2022[23] - The company reported cash inflows from investment activities of CNY 303,877,150.00 in Q1 2023, down from CNY 818,408,978.68 in Q1 2022[22] - The company incurred a total of CNY 2,781,190,064.69 in cash outflows from operating activities in Q1 2023, compared to CNY 2,543,278,065.70 in Q1 2022[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,854,501,104.92, a decrease of 6.24% compared to the end of the previous year[4] - Total assets decreased to ¥5,854,501,104.92 as of March 31, 2023, down from ¥6,244,026,226.63 at the end of 2022, a reduction of 6.2%[14] - Total liabilities decreased to ¥4,310,840,845.76 as of March 31, 2023, compared to ¥4,759,500,930.97 at the end of 2022, a decline of 9.4%[14] - The company’s total liabilities decreased to CNY 1,185,187,103.65 in Q1 2023 from CNY 500,835,228.03 in Q1 2022, reflecting a reduction in financial leverage[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,134[8] - The largest shareholder, China Agricultural Materials Group Co., Ltd., holds 50.25% of the shares[8] Research and Development - Research and development expenses increased to ¥6,600,786.46 in Q1 2023, compared to ¥4,570,578.72 in Q1 2022, reflecting a growth of 44.4%[18] - The company is focusing on expanding its market presence and enhancing its product offerings through increased R&D investment[18] Accounts Receivable and Inventory - Accounts receivable rose significantly to ¥713,498,542.50 in Q1 2023, compared to ¥251,538,001.49 in Q4 2022, marking an increase of 184.5%[12] - Inventory levels increased to ¥2,232,001,593.17 as of March 31, 2023, up from ¥1,562,869,582.78 at the end of 2022, representing a growth of 42.7%[12]