SDF(SH:605006)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 628,288,309.97, representing a decrease of 24.60% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 88,494,831.82, down 51.41% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 14,723,300.58, a decline of 91.81% compared to the previous year[5] - The basic earnings per share decreased by 58.33% to CNY 0.15[5] - Operating profit for Q1 2023 was ¥106,349,372.81, a decline of 50.5% from ¥215,058,457.69 in Q1 2022[19] - The company reported a net loss for Q1 2023, with financial expenses totaling CNY 15,311,259.79, which is an increase of 24.1% compared to CNY 12,325,795.31 in Q1 2022[28] - The total comprehensive income for Q1 2023 was CNY 66,999,317.34, down from CNY 92,305,238.80 in Q1 2022[30] Cash Flow and Liquidity - The net cash flow from operating activities increased by 35.30% to CNY 137,501,465.17[5] - Cash flow from operating activities for Q1 2023 was ¥137,501,465.17, an increase of 35.3% compared to ¥101,624,132.93 in Q1 2022[22] - The company's cash and cash equivalents were CNY 516,461,092.42, down from CNY 577,152,438.72, reflecting a decrease of approximately 10.54%[15] - The total cash and cash equivalents at the end of Q1 2023 were CNY 466,461,092.42, down from CNY 515,256,510.41 at the beginning of the quarter, reflecting a decrease of 9.5%[23] - The company reported a net cash outflow from financing activities of CNY 179,024,900.52 in Q1 2023, compared to an outflow of CNY 277,921,358.00 in Q1 2022[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,920,419,476.19, a decrease of 2.49% from the end of the previous year[6] - The company's total assets amounted to CNY 4,920,419,476.19, a decrease from CNY 5,045,999,690.08 at the end of 2022, reflecting a decline of approximately 2.48%[15] - The company's current assets totaled CNY 1,414,081,176.40, down from CNY 1,523,667,093.40, indicating a decrease of about 7.19%[16] - The company's total liabilities were CNY 1,991,544,402.26, down from CNY 2,206,847,962.94, a reduction of approximately 9.75%[17] - The total liabilities rose to CNY 1,414,628,584.01 in Q1 2023, up from CNY 1,324,736,272.96 at the end of 2022, indicating an increase of 6.8%[27] Operational Metrics - Accounts receivable increased by 33.70% due to reduced sales collections influenced by market fluctuations[9] - The company reported a 69.74% increase in prepayments, attributed to higher material payments during the reporting period[9] - Inventory rose to CNY 268,958,720.36, compared to CNY 234,357,642.40, marking an increase of about 14.77%[16] - The gross profit margin for Q1 2023 was approximately 20% after deducting operating costs of CNY 207,846,196.62 from total revenue[28] Research and Development - Research and development expenses decreased to ¥19,977,324.75 in Q1 2023 from ¥27,746,089.17 in Q1 2022, a reduction of 28.2%[18] - Research and development expenses for Q1 2023 were CNY 9,607,812.86, down 34.7% from CNY 14,743,694.30 in Q1 2022[28] Other Financial Metrics - The weighted average return on equity was 3.07%, a decrease of 4.37 percentage points year-on-year[5] - Other income for Q1 2023 was ¥1,328,961.73, down from ¥3,845,030.06 in Q1 2022[18] - The company incurred a credit impairment loss of CNY -969,544.10 in Q1 2023, compared to CNY -104,698.43 in Q1 2022[30] - The company reported a decrease in tax expenses to CNY 11,291,234.56 in Q1 2023 from CNY 14,111,799.81 in Q1 2022, reflecting a reduction of 20.0%[30] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in the current report[14]