Hoymiles(SH:688032)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥580,338,886.76, representing a year-on-year increase of 153.48%[4] - Net profit attributable to shareholders for Q1 2023 was ¥176,315,615.04, reflecting a growth of 102.08% compared to the same period last year[4] - Basic and diluted earnings per share for Q1 2023 were both ¥3.15, an increase of 44.50% year-on-year[5] - Total operating revenue for Q1 2023 reached ¥580,338,886.76, a significant increase from ¥228,950,861.61 in Q1 2022, representing a growth of approximately 153%[16] - Net profit for Q1 2023 was ¥175,096,001.77, up from ¥87,248,325.28 in Q1 2022, reflecting a growth of approximately 100%[17] - The company reported a total comprehensive income of ¥175,078,386.74 for Q1 2023, up from ¥87,248,325.28 in Q1 2022, indicating an increase of approximately 100%[18] Cash Flow - The net cash flow from operating activities was negative at ¥-92,449,196.32, a decline of 415.37% year-on-year, primarily due to year-end bonuses and pre-paid income taxes[4] - In Q1 2023, the company's operating cash inflow totaled ¥773,544,844.69, a significant increase from ¥254,749,502.74 in Q1 2022, representing a growth of approximately 203.5%[19] - The net cash flow from operating activities was -¥92,449,196.32 in Q1 2023, compared to a positive cash flow of ¥29,314,957.73 in Q1 2022, indicating a decline in operational efficiency[20] - The company reported cash inflow from investment activities of ¥291,015,000.00 in Q1 2023, up from ¥190,936,129.16 in Q1 2022, marking an increase of about 52.5%[20] - The net cash flow from investment activities improved to ¥94,615,746.91 in Q1 2023, compared to a negative cash flow of -¥35,825,117.59 in Q1 2022[20] - Total cash outflow from operating activities reached ¥865,994,041.02 in Q1 2023, compared to ¥225,434,545.01 in Q1 2022, reflecting a rise of approximately 284.5%[20] - The company's cash and cash equivalents at the end of Q1 2023 were ¥5,236,787,714.48, slightly down from ¥5,509,678,467.85 at the end of Q1 2022[20] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥7,470,251,694.05, an increase of 2.08% from the end of the previous year[5] - Total current assets as of March 31, 2023, amounted to CNY 6,668,894,745.61, slightly up from CNY 6,642,275,106.00 in the previous year[13] - Total liabilities decreased to ¥878,070,292.24 in Q1 2023 from ¥909,139,494.06 in Q1 2022, a reduction of approximately 3.4%[15] - Total equity attributable to shareholders increased to ¥6,593,198,090.40 in Q1 2023 from ¥6,408,390,805.43 in Q1 2022, representing a growth of about 2.9%[15] - The company reported a significant increase in prepaid expenses, which rose to CNY 18,898,127.05 from CNY 5,901,148.81, a growth of approximately 220%[13] Research and Development - Research and development (R&D) expenses totaled ¥36,816,742.48, marking a significant increase of 216.77% compared to the previous year[5] - R&D expenses accounted for 6.34% of operating revenue, up by 1.26 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were ¥36,816,742.48, significantly higher than ¥11,622,433.04 in Q1 2022, indicating an increase of approximately 216%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,098, with the largest shareholder holding 30.99% of the shares[9] Other Information - The company reported non-recurring gains of ¥3,391,990.72 for the period, including government subsidies and other non-operating income[6][7] - The company has not disclosed any new product launches or technological advancements in this quarter[12] - There are no reported mergers or acquisitions during this reporting period[12] - The company did not apply new accounting standards for the first time in 2023, maintaining consistency in financial reporting[21]