Arctech Solar(SH:688408)2023-04-27 16:00Financial Performance - Operating revenue for the first quarter was ¥815,476,038.51, reflecting a growth of 41.55% year-on-year[18] - Net profit attributable to shareholders of the listed company was ¥38,772,088.06, with no comparative data provided[18] - The net profit attributable to shareholders for Q1 2023 was CNY 38,772,088.06, compared to a net loss of CNY 8,932,317.18 in Q1 2022, indicating a turnaround in profitability[33] - The total comprehensive income for Q1 2023 was CNY 40,290,775.44, compared to a loss of CNY 7,962,547.34 in the same period last year, reflecting a positive shift in overall financial performance[33] - Net profit for Q1 2023 was ¥40,396,981.26, compared to a net loss of ¥8,034,408.43 in Q1 2022, indicating a turnaround in profitability[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,628,620,238.48, an increase of 0.65% compared to the end of the previous year[4] - The total assets of the company reached ¥5,628,620,238.48, up from ¥5,592,358,909.47 in the previous year, reflecting overall growth[47] - Total liabilities amounted to ¥3,085,618,686.29, slightly down from ¥3,093,047,886.70 in the previous year[47] - The total current assets as of March 31, 2023, were CNY 4,377,578,830.26, slightly up from CNY 4,320,687,171.85 at the end of 2022, indicating a growth of approximately 1.3%[28] - Long-term borrowings increased by 39.25%, primarily due to an increase in bank long-term loans[6] Cash Flow - The company reported a net cash flow from operating activities of -¥25,579,028.65[18] - The company's cash flow from operating activities for Q1 2023 was CNY 1,148,635,170.69, a significant increase from CNY 504,636,027.47 in Q1 2022, representing a growth of approximately 127.6%[37] - The company's cash and cash equivalents at the end of Q1 2023 stood at CNY 1,419,321,021.65, down from CNY 1,451,272,464.63 at the beginning of the quarter, showing a decrease of approximately 2.2%[38] - The cash flow from investing activities for Q1 2023 was negative at CNY -55,188,368.29, compared to a positive cash flow of CNY 98,008,232.56 in Q1 2022, indicating a shift in investment strategy[38] - The total cash outflow from financing activities in Q1 2023 was CNY 34,420,884.63, compared to CNY 51,293,663.59 in Q1 2022, reflecting a decrease of approximately 32.8%[38] Expenses - Research and development expenses totaled ¥26,589,192.41, accounting for 3.26% of operating revenue, a decrease of 0.45 percentage points[18] - The company’s management expenses increased to 39.8 million RMB, attributed to rising labor costs and depreciation related to management departments[40] - The company reported a financial expense of ¥1,100,436.69 in Q1 2023, a significant increase from a financial income of ¥-198,985.55 in Q1 2022[49] - The company reported a decrease in investment income by 86.6 million RMB, primarily due to a reduction in the purchase of financial products compared to the same period last year[40] Shareholder Information - The number of total shareholders and the situation of the top ten shareholders were disclosed, with significant holdings from various investment funds[10] - Shareholders' equity attributable to the parent company increased to ¥2,537,197,287.57 from ¥2,495,432,229.31, showing a growth of 1.7%[47] Government Support - The company received government subsidies amounting to ¥1,605,443.09, closely related to its normal business operations[20] - Other income rose to 73.8 million RMB, mainly due to government subsidies received during the reporting period[40] Market and Strategy - The total number of orders on hand as of the reporting period is approximately 2.8 billion RMB, including 1.2 billion RMB for fixed brackets, 1.2 billion RMB for tracking brackets, and 400 million RMB for BIPV[43] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48]