Sany Renewable Energy (SH:688349)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,563,671,329.43, representing a decrease of 23.66% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was ¥482,490,290.01, down 19.15% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥406,534,802.49, a decline of 32.70% compared to the previous year[4]. - The basic earnings per share were ¥0.4056, down 32.81% year-on-year[4]. - The diluted earnings per share were ¥0.4006, a decrease of 32.84% compared to the same period last year[4]. - Total operating revenue for Q1 2023 was CNY 1,563,671,329.43, a decrease of 23.6% compared to CNY 2,048,413,708.62 in Q1 2022[15]. - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 482,490,290.01, a decline of 19.2% from CNY 596,745,637.79 in Q1 2022[17]. - Basic earnings per share for Q1 2023 was CNY 0.4056, compared to CNY 0.6037 in Q1 2022, reflecting a decrease of 32.8%[18]. Research and Development - The total R&D investment amounted to ¥189,696,927.08, an increase of 54.60% year-on-year, accounting for 12.13% of operating revenue[4][5]. - Research and development expenses for Q1 2023 were CNY 189,696,927.08, up 54.5% from CNY 122,703,590.14 in Q1 2022[15]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥381,474,307.54, indicating a significant change[4]. - Cash flow from operating activities in Q1 2023 was CNY 2,412,118,175.77, an increase of 40.5% from CNY 1,717,345,494.83 in Q1 2022[19]. - Net cash flow from operating activities was -381,474,307.54, an improvement from -956,103,002.01 in the previous year[20]. - The total cash and cash equivalents at the end of the period stood at 7,087,440,847.07, compared to 2,551,980,334.82 at the end of the previous year[21]. - Cash paid to employees was 372,681,652.72, an increase from 289,101,423.47 year-over-year[20]. - Cash paid for taxes was 181,319,302.78, down from 238,427,757.66 in the previous year[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥27,085,866,440.81, an increase of 2.54% from the end of the previous year[5]. - The total liabilities as of March 31, 2023, were RMB 15,369,331,846.27, compared to RMB 15,232,646,966.08 at the end of 2022, showing a slight increase of about 0.9%[14]. - The total equity attributable to shareholders increased to RMB 11,716,532,930.53 from RMB 11,182,740,118.99, marking an increase of approximately 4.8%[14]. - The total assets as of March 31, 2023, were RMB 27,085,866,440.81, compared to RMB 26,415,388,789.79 at the end of 2022, showing an increase of approximately 2.5%[14]. Investment Activities - Total cash outflow from investing activities was 2,116,990,172.78, compared to 516,523,025.93 in the same period last year[20]. - Cash inflow from investment activities totaled 423,759,939.31, a significant increase from 66,837,317.51 in the same period last year[20]. - The company reported a profit from investments of CNY 411,492,596.23 in Q1 2023, down 32.0% from CNY 605,536,557.08 in Q1 2022[15]. Financial Expenses and Income - Financial expenses for Q1 2023 showed a significant improvement with a net income of CNY -39,961,209.76 compared to CNY 8,668,155.27 in Q1 2022[15]. - Other income for Q1 2023 was CNY 70,372,844.84, an increase of 48.9% from CNY 47,258,485.88 in Q1 2022[15]. - The company experienced a tax expense of CNY 74,142,981.92 in Q1 2023, a decrease of 54.8% from CNY 164,168,952.60 in Q1 2022[17].