QIFAN(SH:605222)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,560,567,125.73, representing a year-on-year increase of 23.50%[5] - The net profit attributable to shareholders was CNY 154,282,700.16, reflecting a growth of 2.99% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses decreased by 10.40% to CNY 129,018,978.20[5] - The basic earnings per share for the period was CNY 0.37, an increase of 3.02% year-on-year[6] - Total revenue for Q1 2023 reached ¥4,560,567,125.73, an increase of 23.5% compared to ¥3,692,878,737.37 in Q1 2022[21] - Net profit for Q1 2023 was ¥154,477,459.57, compared to ¥148,945,053.42 in Q1 2022, showing a growth of 3.4%[22] - The total comprehensive income for Q1 2023 was ¥154,477,459.57, up from ¥148,945,053.42 in Q1 2022, indicating a growth of about 3.6%[23] - Basic earnings per share for Q1 2023 were ¥0.37, compared to ¥0.36 in Q1 2022, representing a 2.8% increase[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 12,596,061,103.24, up 3.10% from the end of the previous year[6] - Total assets as of Q1 2023 amounted to ¥12,596,061,103.24, up from ¥12,217,475,573.34 in the previous year, indicating a growth of 3.1%[20] - Total liabilities for Q1 2023 were ¥8,274,796,228.05, compared to ¥8,025,972,348.30 in Q1 2022, marking an increase of 3.1%[20] - The total equity attributable to shareholders increased to ¥4,315,352,480.87 in Q1 2023 from ¥4,151,479,071.67 in Q1 2022, reflecting a growth of 3.9%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 1,214,831,850.58, which is not applicable for year-on-year comparison[5] - Cash inflow from operating activities in Q1 2023 was ¥4,548,403,717.04, an increase from ¥3,944,871,924.74 in Q1 2022, marking a growth of approximately 15.3%[25] - Cash outflow from operating activities in Q1 2023 was ¥5,763,235,567.62, down from ¥6,217,308,556.28 in Q1 2022, showing a decrease of about 7.3%[25] - The net cash flow from operating activities for Q1 2023 was -¥1,214,831,850.58, an improvement from -¥2,272,436,631.54 in Q1 2022[25] - The ending cash and cash equivalents balance for Q1 2023 was ¥775,849,214.23, compared to ¥371,135,065.24 in Q1 2022, indicating a significant increase of about 109.1%[26] Expenses and Investments - Research and development expenses increased by 63.84%, primarily due to increased investment by subsidiaries[10] - Research and development expenses increased to ¥26,735,379.12 in Q1 2023 from ¥16,318,269.45 in Q1 2022, representing a 63.8% rise[22] - The company’s financial expenses rose to ¥46,297,845.46 in Q1 2023 from ¥36,265,005.80 in Q1 2022, an increase of 27.8%[22] - The company’s long-term investments in fixed assets rose to CNY 978.12 million, compared to CNY 959.63 million, showing a slight increase of approximately 1.9%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,929[12] - The company has not disclosed any significant changes in shareholder relationships or other major operational strategies during the reporting period[14] Other Financial Metrics - The company reported a significant increase in other income by 346.52%, mainly attributed to government subsidies[10] - The company acquired a 30% stake in Nanyang-Tengchuan, leading to a decrease in minority shareholders' equity by 85.23%[10] - The total amount of prepayments increased to CNY 50.60 million from CNY 26.01 million, indicating a growth of about 94.8%[18] - The company reported a total of CNY 37.82 million in trading financial assets, an increase from CNY 30.79 million, reflecting a growth of approximately 22.0%[18] - The company's cash and cash equivalents decreased to CNY 1.20 billion from CNY 2.19 billion, representing a decline of approximately 45.0%[18] - Accounts receivable increased significantly to CNY 3.86 billion, up from CNY 3.09 billion, indicating a growth of around 24.7%[18] - Inventory levels rose to CNY 4.59 billion, compared to CNY 3.99 billion, marking an increase of approximately 15.5%[18] Future Plans - The company plans to establish a wholly-owned subsidiary in Fangchenggang, with a total investment of CNY 2 billion, up from the previously estimated CNY 1.8 billion[15] - The construction period for the new project has been shortened from 4-5 years to 2.5 years, enhancing operational efficiency[15] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2023[28]