CRCHI(SH:688425)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached RMB 236,545.14 million, representing a year-on-year increase of 10.75%[4] - The net profit attributable to shareholders was RMB 41,642.25 million, reflecting a growth of 10.49% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was RMB 38,433.29 million, with an increase of 8.80% year-on-year[4] - Total operating revenue for Q1 2023 reached ¥2,365,451,365.76, an increase of 10.73% compared to ¥2,135,935,578.40 in Q1 2022[15] - Net profit for Q1 2023 was ¥416,669,220.63, representing a 10.52% increase from ¥377,034,132.43 in Q1 2022[16] - Total comprehensive income attributable to the parent company for Q1 2023 was ¥420,393,179.82, compared to ¥377,192,899.88 in Q1 2022, reflecting an increase of 11.45%[16] Research and Development - Research and development expenses totaled RMB 23,269.98 million, marking a significant increase of 55.78%[5] - The ratio of R&D expenses to operating revenue was 9.84%, up by 2.85 percentage points from the previous year[5] - Research and development expenses rose to ¥232,699,827.59 in Q1 2023, compared to ¥149,373,369.67 in Q1 2022, marking a significant increase of 55.73%[15] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,547,640.70 million, an increase of 7.10% from the end of the previous year[5] - As of March 31, 2023, the company's total assets reached CNY 25,476,406,975.76, an increase from CNY 23,786,646,531.85 at the end of 2022, representing a growth of approximately 7.1%[12][14] - The total current liabilities rose to CNY 7,908,649,843.17, compared to CNY 6,977,416,966.17, marking an increase of about 13.3%[14] - Non-current liabilities increased to CNY 1,639,865,942.38 from CNY 1,301,978,298.65, which is an increase of approximately 25.9%[14] - The company's total equity attributable to shareholders reached CNY 15,906,506,616.41, up from CNY 15,486,113,436.59, indicating a growth of about 2.7%[14] Cash Flow - The net cash flow from operating activities was RMB 20,103.09 million, indicating improved cash flow management[8] - Cash flow from operating activities generated ¥201,030,938.00 in Q1 2023, a turnaround from a negative cash flow of -¥613,537,127.24 in Q1 2022[18] - The net cash flow from investment activities was -409,520,281.53, compared to -151,199,075.66 in the previous year, indicating a significant increase in cash outflow[19] - The net cash flow from financing activities was 1,336,224,928.27, compared to 1,272,574,269.65 in the previous year, showing a growth of 5.0%[19] - The net increase in cash and cash equivalents for the period was 1,125,267,022.97, compared to 506,578,432.00 in the previous year, demonstrating a strong improvement in liquidity[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,238, with the largest shareholder holding 71.93% of the shares[9] Other Financial Metrics - The weighted average return on equity was 2.65%, which increased by 0.03 percentage points[5] - The company reported non-recurring gains of RMB 32,089.64 million, primarily from government subsidies and other non-operating income[6] - The company reported a decrease in tax expenses to ¥13,353,229.51 in Q1 2023 from ¥17,317,936.81 in Q1 2022, a reduction of 22.56%[15] - The company recorded investment income of ¥63,279,747.20 in Q1 2023, up from ¥53,971,777.00 in Q1 2022, representing an increase of 17.00%[15]