SMEIC(SH:900925)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥4,538,573,542.18, representing a year-on-year increase of 14.70%[3] - The net profit attributable to shareholders for Q1 2023 was ¥230,968,204.46, reflecting a significant increase of 39.43% compared to the same period last year[3] - The basic earnings per share for Q1 2023 was ¥0.23, which is an increase of 43.75% year-on-year[3] - Total operating revenue for Q1 2023 reached ¥4,538,573,542.18, an increase of 14.7% compared to ¥3,957,043,299.51 in Q1 2022[15] - Operating profit for Q1 2023 was ¥412,795,713.78, representing a 26.7% increase from ¥325,741,659.14 in Q1 2022[15] - Net profit for Q1 2023 was ¥411,909,803.02, compared to ¥322,011,529.26 in Q1 2022, indicating a growth of 28.0%[15] - The net profit for Q1 2023 was CNY 353,090,511.89, an increase of 27.0% compared to CNY 277,984,796.18 in Q1 2022[16] - The net profit attributable to shareholders of the parent company was CNY 230,968,204.46, up 39.4% from CNY 165,646,612.99 in the same period last year[16] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.23, compared to CNY 0.16 in Q1 2022, reflecting a 43.8% increase[16] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥38,799,490,672.63, up 3.45% from the end of the previous year[3] - Total assets as of March 31, 2023, amounted to ¥38,799,490,672.63, an increase from ¥37,506,646,836.54 at the end of 2022[12] - Total liabilities as of March 31, 2023, were ¥22,860,795,218.13, compared to ¥21,922,277,082.67 at the end of 2022, marking an increase of 4.3%[12] - The company’s equity attributable to shareholders increased to ¥13,185,114,714.79 as of March 31, 2023, from ¥12,953,505,648.87 at the end of 2022[12] Cash Flow - The net cash flow from operating activities for Q1 2023 was a negative ¥18,127,223.80, indicating a cash outflow[3] - Cash inflow from operating activities was CNY 5,842,804,867.20, a rise from CNY 5,541,456,396.78 in Q1 2022[18] - Cash outflow from operating activities totaled CNY 5,860,932,091.00, down from CNY 6,735,863,716.76 in the previous year[18] - The net cash flow from operating activities was negative at CNY -18,127,223.80, an improvement from CNY -1,194,407,319.98 in Q1 2022[18] - The net cash flow from investing activities was CNY -690,405,322.18, compared to CNY 620,304,999.93 in the same quarter last year[19] - The net cash flow from financing activities was CNY 11,148,244.00, slightly down from CNY 11,257,711.67 in Q1 2022[19] - The ending cash and cash equivalents balance was CNY 7,513,993,354.87, an increase from CNY 7,247,927,984.66 at the end of Q1 2022[19] Inventory and Accounts Payable - The company's inventory increased by 9.48% due to a rise in sales orders, leading to higher stock levels[5] - Inventory increased to ¥9,788,722,917.32 as of March 31, 2023, from ¥8,941,024,556.45 at the end of 2022, reflecting a growth of 9.5%[10] - The company's accounts payable rose by 8.83% as a result of increased procurement driven by higher sales orders[5] Research and Development - The company reported R&D expenses of ¥124,017,975.73 for Q1 2023, up from ¥90,537,608.08 in Q1 2022, indicating a growth of 37.0%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,331[7] Accounting Standards - The company did not apply new accounting standards for the first time in 2023[21]