Tianneng Battery (SH:688819)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 10,751,670,560.29, representing a year-on-year increase of 26.22%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 617,611,301.71, reflecting a growth of 40.98% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 531,779,028.77, which is an increase of 58.97% year-on-year[4] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.64, marking a rise of 42.22% from the previous year[5] - Total operating revenue for Q1 2023 reached ¥10,751,670,560.29, a 26.1% increase from ¥8,518,375,287.03 in Q1 2022[17] - Net profit for Q1 2023 was ¥596,009,979.19, representing a 40.3% increase compared to ¥425,092,861.03 in Q1 2022[18] - The company reported a total profit of ¥762,711,323.31 for Q1 2023, up from ¥485,411,382.04 in Q1 2022, marking a 56.9% increase[18] Cash Flow - The net cash flow from operating activities was CNY 186,714,593.25, attributed to increased sales revenue during the reporting period[8] - The net cash flow from operating activities for Q1 2023 was ¥186,714,593.25, a significant improvement compared to a net outflow of ¥2,785,055,046.81 in Q1 2022[21] - Cash flow from operating activities totaled ¥11,888,572,712.43, compared to ¥8,981,092,849.65 in Q1 2022, indicating a 32.5% increase[20] - Total cash inflow from financing activities reached ¥6,683,182,106.21, up from ¥4,022,348,458.13 in the same period last year[21] - The total cash outflow for financing activities was ¥3,940,429,072.47, compared to ¥2,605,055,826.05 in Q1 2022, reflecting higher financing costs[21] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 38,810,906,005.46, a 19.87% increase from the end of the previous year[5] - As of March 31, 2023, total assets amounted to ¥38.81 billion, an increase from ¥32.38 billion as of December 31, 2022, representing a growth of approximately 19.0%[14] - The company's total liabilities rose to ¥24.11 billion, compared to ¥18.30 billion, marking an increase of around 31.5%[16] - The total equity attributable to shareholders increased to ¥14.30 billion from ¥13.68 billion, showing a growth of about 4.6%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,146, with the largest shareholder holding 81.88% of the shares[9] - The company reported a total of 1,039,456 shares held by China Galaxy Securities Co., Ltd., indicating strong institutional interest[12] Research and Development - The company's R&D investment totaled CNY 376,527,262.03, accounting for 3.50% of operating revenue, a decrease of 0.41 percentage points year-on-year[5] - Research and development expenses rose to ¥376,527,262.03, an increase of 13.1% from ¥332,763,363.01 in Q1 2022[17] Other Financial Metrics - The weighted average return on net assets was 4.42%, an increase of 0.91 percentage points compared to the previous year[5] - The company reported non-recurring gains of CNY 85,832,272.94, primarily from government subsidies and other non-operating income[7] - Tax expenses for Q1 2023 were ¥166,701,344.12, compared to ¥60,318,521.01 in Q1 2022, reflecting a significant increase[18] - Other income for Q1 2023 was ¥93,298,118.67, down from ¥102,738,056.29 in Q1 2022[17] - The company experienced a net exchange gain of ¥13,199,804.12 in Q1 2023, compared to a loss of ¥24,798,158.59 in Q1 2022[17]