OKE(SH:688308)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥283,832,837.38, representing an increase of 8.38% compared to the same period last year[3] - The net profit attributable to shareholders was ¥59,295,431.26, reflecting a growth of 4.78% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 8.87% to ¥48,506,564.31[3] - Basic and diluted earnings per share were both ¥0.53, down by 6.96% compared to the previous year[3] - Total operating revenue for Q1 2023 was CNY 283,832,837.38, an increase of 8.1% compared to CNY 261,896,824.78 in Q1 2022[14] - Net profit for Q1 2023 reached CNY 59,295,431.26, compared to CNY 56,588,953.49 in Q1 2022, representing a growth of 4.8%[17] - Earnings per share for Q1 2023 were CNY 0.53, a decrease from CNY 0.57 in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥58,321,503.23, indicating a significant cash outflow[3] - Cash flow from operating activities in Q1 2023 was CNY 95,711,902.55, down from CNY 137,831,810.91 in Q1 2022, indicating a decline of 30.5%[20] - In Q1 2023, the net cash flow from operating activities was -$58,321,503.23, compared to -$4,575,429.99 in Q1 2022, indicating a significant decline in operational cash flow[21] - The total cash outflow from investing activities was $189,746,382.70, while cash inflow was $62,223,691.10, resulting in a net cash flow from investing activities of -$127,522,691.60, a decrease from $8,384,231.51 in the previous year[21] - Cash inflow from financing activities amounted to $200,000,000.00, a substantial increase from $40,000,000.00 in Q1 2022, while net cash flow from financing activities was $198,798,109.71, up from $38,636,472.22[22] - The company's cash and cash equivalents increased by $12,881,921.77 in Q1 2023, compared to an increase of $42,215,241.10 in Q1 2022[22] - The ending balance of cash and cash equivalents was $450,578,664.32, up from $216,102,120.95 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,400,875,428.11, an increase of 7.20% from the end of the previous year[4] - Total current assets as of March 31, 2023, amounted to CNY 2,088,098,304.67, an increase from CNY 1,906,292,683.75 at the end of 2022, reflecting a growth of approximately 9.5%[11] - Total liabilities as of Q1 2023 amounted to CNY 872,183,096.14, an increase from CNY 705,000,088.24 in the previous year[14] - The company’s total liabilities increased significantly, reflecting ongoing investments and operational costs, although specific figures were not disclosed in the report[21] Research and Development - The total R&D investment amounted to ¥11,275,382.51, which is a decrease of 20.19% year-on-year[3] - The ratio of R&D investment to operating revenue was 3.97%, down by 1.42 percentage points from the previous year[4] - Research and development expenses for Q1 2023 were CNY 11,275,382.51, down from CNY 14,127,745.27 in Q1 2022, a decrease of 20.1%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,370[8] - The company reported a total of 10,676,500 shares held by the largest shareholder, indicating significant ownership concentration[10] - Total equity attributable to shareholders was CNY 2,528,692,331.97 in Q1 2023, compared to CNY 2,467,547,203.59 in Q1 2022, marking an increase of 2.9%[14] Strategic Initiatives - The company has engaged in strategic partnerships, enhancing its market position and expanding its investment portfolio[10] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[10] Operational Costs - Total operating costs for Q1 2023 were CNY 219,124,826.64, up from CNY 195,261,086.71 in Q1 2022, reflecting an increase of 12.2%[14] - The company reported a total cash outflow from operating activities of $154,033,405.78, compared to $142,407,240.90 in Q1 2022, reflecting increased operational expenses[21] - The company paid $34,415,948.55 to employees in Q1 2023, down from $47,795,350.75 in Q1 2022, indicating a reduction in payroll expenses[21] - Tax payments increased to $12,365,419.83 in Q1 2023 from $8,310,247.43 in Q1 2022, showing a rise in tax liabilities[21] - The company received $62,000,000.00 from investment recoveries, a decrease from $315,000,000.00 in the previous year, indicating a decline in investment returns[21]