HUAKANG(SH:605077)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥650,334,163.57, representing a year-on-year increase of 60.42%[3] - Net profit attributable to shareholders was ¥90,033,156.75, up 79.03% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 116.40%, totaling ¥87,672,019.87[3] - Basic earnings per share rose to ¥0.39, reflecting a 77.17% increase year-on-year[3] - The net profit for Q1 2023 was CNY 89,978,550.72, a significant increase from CNY 50,288,429.20 in Q1 2022, representing an increase of approximately 78.5%[17] - Operating profit for Q1 2023 reached CNY 101,979,479.11, compared to CNY 54,815,228.74 in the same period last year, indicating a growth of about 85.7%[17] - The company reported a total comprehensive income of CNY 89,979,214.76 for Q1 2023, compared to CNY 50,287,441.02 in Q1 2022, reflecting a growth of about 78.5%[18] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.39, up from CNY 0.22 in Q1 2022, representing an increase of approximately 77.3%[18] Cash Flow and Liquidity - The net cash flow from operating activities surged by 180.66%, amounting to ¥51,670,533.07[3] - Cash flow from operating activities for Q1 2023 was CNY 51,670,533.07, a turnaround from a negative cash flow of CNY -64,061,484.66 in Q1 2022[21] - The company's cash and cash equivalents increased to RMB 1,186,951,026.28 as of March 31, 2023, compared to RMB 1,040,422,902.46 at the end of 2022, reflecting a growth of 14.0%[11] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 1,140,146,521.73, compared to CNY 928,703,617.19 at the end of Q1 2022, an increase of about 22.7%[22] - The net cash flow from financing activities for Q1 2023 was CNY 426,235,248.19, compared to CNY 128,189,146.44 in Q1 2022, indicating a significant increase of approximately 232.5%[22] - Investment activities resulted in a net cash outflow of CNY -359,408,777.65 in Q1 2023, a decrease from a net inflow of CNY 573,832,485.89 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,541,948,953.16, a 16.31% increase from the end of the previous year[4] - Total liabilities increased to RMB 1,785,503,599.69, compared to RMB 1,249,228,256.74 at the end of 2022, marking a rise of 42.8%[13] - The company's equity attributable to shareholders rose to RMB 2,745,844,481.53, up from RMB 2,655,810,660.74 at the end of 2022, reflecting a growth of 3.4%[14] - Non-current assets totaled RMB 2,303,199,300.24, an increase of 30.3% from RMB 1,766,888,449.85 at the end of 2022[12] - Inventory levels rose to RMB 359,692,737.97, up 28.8% from RMB 279,062,063.26 at the end of 2022[12] Operating Costs and Revenue Drivers - Total operating costs for Q1 2023 were RMB 556,148,093.81, up 48.5% from RMB 374,688,211.48 in Q1 2022[14] - The increase in revenue and profit was primarily driven by an increase in sales volume[6] - Total revenue for Q1 2023 reached RMB 650,334,163.57, a significant increase of 60.3% compared to RMB 405,395,609.58 in Q1 2022[14] - Total revenue from sales of goods and services in Q1 2023 was CNY 677,107,721.74, up from CNY 444,431,593.69 in Q1 2022, marking an increase of approximately 52.5%[20] Research and Development - Research and development expenses for Q1 2023 were RMB 19,026,097.74, a decrease of 13.4% from RMB 22,093,773.10 in Q1 2022[14] Non-Recurring Items - The company reported non-recurring gains totaling ¥2,361,136.88 after tax adjustments[6] - The company recorded a foreign exchange loss of CNY -1,892,044.34 in Q1 2023, slightly improved from a loss of CNY -1,988.66 in Q1 2022[22] - The company reported an investment income of RMB 4,199,870.44 for Q1 2023, down from RMB 20,904,917.32 in Q1 2022[14] Return on Equity - The weighted average return on equity increased by 1.29 percentage points to 3.33%[3]