Friend (SH:605050)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,131,630,853.98, representing a decrease of 13.81% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company was ¥85,307,216.78, an increase of 21.26% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥78,004,934.42, reflecting a growth of 21.60% compared to the previous year[6]. - Basic and diluted earnings per share were both ¥0.17, showing an increase of 6.25%[9]. - Total operating revenue for Q1 2023 was CNY 2,131,630,853.98, a decrease of 13.8% compared to CNY 2,473,240,597.74 in Q1 2022[33]. - Net profit for Q1 2023 reached CNY 84,325,728.86, an increase of 17.3% from CNY 71,885,550.45 in Q1 2022[36]. - Earnings per share for Q1 2023 were CNY 0.17, compared to CNY 0.16 in Q1 2022[38]. - The company reported a total comprehensive income of CNY 84,325,728.86 for Q1 2023, up from CNY 71,885,550.45 in Q1 2022[36]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥419,155,611.17, indicating a significant decline due to increased inventory procurement payments[6][12]. - Cash inflow from operating activities in Q1 2023 was CNY 2,023,521,289.81, a decrease of 29.3% from CNY 2,859,396,333.73 in Q1 2022[38]. - The net cash flow from operating activities was -419,155,611.17, compared to -110,500,408.30 in the previous period, indicating a significant decline in operational cash flow[41]. - The total cash outflow from investing activities was 70,350,947.34, slightly decreased from 70,442,722.88 in the prior period, resulting in a net cash flow from investing activities of -70,299,167.34[41]. - The cash inflow from financing activities amounted to 905,727,153.29, an increase from 644,860,238.95 in the previous period, leading to a net cash flow from financing activities of 40,196,711.48[41]. - The company experienced a net increase in cash and cash equivalents of -449,258,067.03, compared to -152,855,727.41 in the previous period, showing a worsening cash position[43]. - The cash flow from operating activities totaled 2,442,676,900.98, down from 2,969,896,742.03 in the previous period, highlighting a decline in operational efficiency[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,900,433,215.56, a slight increase of 0.07% from the end of the previous year[9]. - The company's current assets totaled ¥5,980,567,910.47, down from ¥6,034,443,170.64 in the previous year[24]. - Cash and cash equivalents decreased to ¥1,115,763,281.21 from ¥1,895,771,224.56 year-over-year[22]. - Accounts receivable decreased to ¥1,313,102,645.03 from ¥1,419,491,942.18 year-over-year, indicating a reduction of approximately 7.5%[24]. - Inventory increased to ¥1,395,930,350.72 from ¥1,219,489,005.23, reflecting a growth of about 14.5%[24]. - The total liabilities of the company decreased to ¥2,767,824,084.76 from ¥2,845,721,317.51, showing a reduction of approximately 2.7%[32]. - The company's short-term borrowings decreased significantly from ¥483,624,043.62 to ¥228,439,614.38, a decline of about 52.8%[32]. - The total equity remained stable at ¥492,829,181.00, unchanged from the previous year[32]. Shareholder Information - Shareholders' equity attributable to the listed company was ¥4,021,645,750.08, up 2.17% from the previous year-end[9]. - The total number of ordinary shareholders at the end of the reporting period was 13,086[12]. - The total share capital of the company increased from 435,000,000 shares to 492,829,181 shares due to a non-public offering completed on January 9, 2023[20]. - The total equity attributable to shareholders of the parent company increased to CNY 4,021,645,750.08 in Q1 2023 from CNY 3,936,338,533.30 in Q1 2022, marking a growth of 2.2%[33]. Government Support and Expenses - The company received government subsidies amounting to ¥9,645,678.57, primarily from fiscal support[11]. - Research and development expenses increased to CNY 548,581.00 in Q1 2023 from CNY 366,677.56 in Q1 2022, reflecting a growth of 49.4%[33]. - Financial expenses showed a significant improvement, with a net income of CNY -3,567,322.32 in Q1 2023 compared to CNY 6,257,690.17 in Q1 2022[33]. - The company reported a total tax payment of 65,148,886.71, an increase from 59,156,881.45 in the previous period, reflecting higher tax obligations[41]. - The cash paid to employees was 22,719,510.69, slightly higher than 22,619,084.97 in the previous period, indicating stable employee compensation[41]. - The company paid dividends and interest totaling 1,235,299.19, significantly higher than 195,765.73 in the previous period, indicating increased shareholder returns[41].