TRINA(SH:688599)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥21,318,993,761.96, representing a year-on-year increase of 39.59%[5] - Net profit attributable to shareholders was ¥1,767,852,537.51, showing a significant growth of 225.43% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,729,868,423.11, reflecting an increase of 252.36% year-on-year[5] - Basic earnings per share were ¥0.81, up 211.54% from the previous year[6] - Net profit for Q1 2023 was CNY 1.84 billion, up 218.5% from CNY 577.99 million in Q1 2022[21] - The company's total liabilities increased to CNY 76.53 billion in Q1 2023, compared to CNY 61.18 billion in Q1 2022, reflecting a 25.1% growth[19] - The total equity attributable to shareholders rose to CNY 28.63 billion, a 8.7% increase from CNY 26.34 billion in the previous year[19] - The company reported a significant increase in investment income, reaching ¥963,010,198.22 in Q1 2023, compared to ¥169,734,315.27 in Q1 2022[31] Cash Flow - The net cash flow from operating activities was -¥893,372,313.32, with a year-on-year improvement of 53.17%[6] - The cash flow from operating activities for Q1 2023 showed a positive trend, reflecting the company's strong operational performance[23] - Cash inflow from operating activities for Q1 2023 was CNY 21.27 billion, up 29.5% from CNY 16.41 billion in Q1 2022[25] - Cash inflows from operating activities totaling ¥10,559,852,143.14 in Q1 2023, compared to ¥9,756,284,843.33 in Q1 2022, indicating improved operational efficiency[33] - The cash flow from operating activities showed a net outflow of ¥3,899,699,960.49 in Q1 2023, worsening from a net outflow of ¥623,663,929.43 in Q1 2022[33] Research and Development - Total R&D investment amounted to ¥1,200,487,774.06, which is an increase of 43.24% year-on-year, representing 5.63% of operating revenue[6] - Research and development expenses for Q1 2023 were CNY 408.63 million, representing a 32.8% increase from CNY 307.52 million in Q1 2022[20] - Research and development expenses for Q1 2023 were ¥104,744,668.43, an increase from ¥89,291,864.02 in Q1 2022, reflecting a focus on innovation[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥107,856,946,804.78, a 19.87% increase from the end of the previous year[6] - As of March 31, 2023, the total assets of the company reached approximately ¥107.86 billion, an increase from ¥89.98 billion as of December 31, 2022, representing a growth of about 19.8%[16] - The company's total current liabilities were reported at ¥12.42 billion, up from ¥9.72 billion, which is an increase of about 28.0%[17] - The company’s total liabilities increased to ¥45.00 billion, up from ¥39.00 billion, indicating a growth of approximately 15.4%[17] Market and Sales - The company experienced significant growth in photovoltaic product sales, driven by global brand and channel advantages[10] - The total cost of operations in Q1 2023 was CNY 19.67 billion, up 33.9% from CNY 14.67 billion in Q1 2022[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]