2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥3,085,430,376, representing a year-on-year increase of 21.25%[2] - The net profit attributable to shareholders was ¥435,102,884, reflecting a growth of 27.61% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥318,259,814, which is an increase of 50.32% year-on-year[2] - The basic earnings per share for the period was ¥0.31, up by 29.17% from the previous year[2] - Total operating revenue for Q1 2023 reached RMB 3,085,430,376, a 21.3% increase from RMB 2,544,581,793 in Q1 2022[14] - Net profit for Q1 2023 was RMB 447,445,309, representing a 30.5% increase compared to RMB 342,969,051 in Q1 2022[16] - Total profit for Q1 2023 was RMB 470,748,569, up from RMB 383,294,882 in Q1 2022, marking a 22.8% increase[16] - The company achieved an operating profit of RMB 467,783,206 in Q1 2023, an increase from RMB 380,757,018 in Q1 2022, representing a growth of 22.9%[16] Revenue Breakdown - Revenue from emerging equipment products surged to RMB 1.563 billion, up 113.72% from RMB 731 million year-on-year[9] - Revenue from power semiconductor devices reached RMB 681 million, reflecting an 81.22% increase compared to RMB 375 million in the previous year[9] - Revenue from industrial converters increased significantly by 322.32%, reaching RMB 252 million from RMB 60 million year-on-year[9] - Revenue from rail transit equipment products declined to RMB 1.475 billion, a decrease of 16.67% from RMB 1.771 billion year-on-year[9] Expenses and Costs - Total operating costs for Q1 2023 were RMB 2,753,153,062, up 23.0% from RMB 2,237,786,117 in Q1 2022[14] - Research and development expenses totaled ¥388,491,935, accounting for 12.59% of operating revenue, which is an increase of 0.41 percentage points[3] - Research and development expenses for Q1 2023 amounted to RMB 371,341,436, an increase of 23.4% from RMB 300,897,837 in Q1 2022[16] Cash Flow - The net cash flow from operating activities was negative at -¥1,272,174,259, which is not applicable for year-on-year comparison[2] - Cash inflow from operating activities in Q1 2023 was RMB 2,661,683,907, significantly higher than RMB 1,434,374,703 in Q1 2022[18] - The net cash outflow from operating activities was CNY 1,272,174,259, slightly improved from CNY 1,276,651,036 in the previous year[19] - Cash inflow from investment activities totaled CNY 6,482,341,871, an increase from CNY 4,885,219,926 year-over-year[19] - The net cash flow from investment activities was CNY 209,674,902, a significant recovery from a net outflow of CNY 979,437,075 in the previous year[19] - Cash inflow from financing activities was CNY 183,172,379, compared to CNY 2,797,907 in the same period last year[19] - The net cash flow from financing activities was CNY 926,876, a recovery from a net outflow of CNY 50,536,531 in the previous year[19] Shareholder Information - The company reported a total of 19,224 common shareholders at the end of the reporting period[6] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holds 41.63% of the shares[6] - The number of A-share shareholders was 18,138, while H-share registered shareholders numbered 1,086 as of the end of the reporting period[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥49,146,099,383, a 1.31% increase from the end of the previous year[3] - The company's total assets amounted to RMB 49.146 billion, compared to RMB 48.510 billion at the end of the previous year[12] - The total liabilities of the company were RMB 13.389 billion, slightly up from RMB 13.214 billion year-on-year[13] - The company's cash and cash equivalents stood at RMB 6.744 billion, down from RMB 7.500 billion at the end of the previous year[11] - The company reported a net profit of RMB 20.295 billion in retained earnings, an increase from RMB 19.860 billion year-on-year[13] Other Financial Metrics - The weighted average return on equity increased by 0.22 percentage points to 1.26%[3] - Other comprehensive income after tax for Q1 2023 was RMB 14,513,550, down from RMB 18,666,404 in Q1 2022[17] - The company paid CNY 532,594,115 to employees, an increase from CNY 397,095,900 in the previous year[19] - The company reported tax payments of CNY 406,074,473, compared to CNY 263,381,777 in the previous year[19] - Cash outflow for investment activities was CNY 6,272,666,969, an increase from CNY 5,864,657,001 year-over-year[19] - The total cash and cash equivalents at the end of the period stood at CNY 6,014,183,114, up from CNY 5,575,695,048 year-over-year[19]