STSS(SZ:000825)2023-04-21 16:00Financial Performance - The company's revenue for Q1 2023 was ¥25,906,221,010.11, representing an increase of 11.64% compared to ¥23,204,139,279.23 in the same period last year[3] - The net profit attributable to shareholders for Q1 2023 was -¥591,845,544.36, a significant decline from ¥1,271,884,364.74 in Q1 2022[3] - Net profit for Q1 2023 was a loss of ¥656,367,156.00, compared to a profit of ¥1,275,504,515.15 in Q1 2022, representing a significant decline[20] - Other income decreased by 32.72% to ¥759.37 million, mainly due to a reduction in government subsidies received[7] - Total operating revenue for Q1 2023 reached ¥25,906,221,010.11, an increase of 11.6% compared to ¥23,204,139,279.23 in the same period last year[19] - Total operating costs increased to ¥26,640,735,755.34, up 21.5% from ¥21,890,290,421.77 in the previous year[19] Cash Flow - The net cash flow from operating activities for Q1 2023 was -¥2,219,408,059.30, compared to ¥1,588,343,448.95 in the same period last year[3] - Cash flow from operating activities was ¥28,256,816,000.46, an increase from ¥26,418,731,904.02 in Q1 2022[22] - Total cash inflow from operating activities was 28,387,986,443.02 CNY, up from 26,632,320,263.58 CNY in the previous year[23] - Cash outflow for purchasing goods and services increased to 29,116,130,918.85 CNY from 23,409,317,582.62 CNY, reflecting a rise of approximately 24%[23] - The net cash flow from investment activities was -977,217,871.11 CNY, worsening from -675,991,970.18 CNY year-over-year[24] - Cash inflow from financing activities totaled 2,398,202,480.08 CNY, an increase from 1,401,344,832.89 CNY in Q1 2022[24] - The net cash flow from financing activities was 1,244,026,926.64 CNY, a turnaround from -171,556,840.85 CNY in the previous year[24] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥74,276,078,335.82, an increase of 1.94% from ¥72,859,392,706.20 at the end of the previous year[3] - The company's total current assets reached CNY 24,489,410,547.24, compared to CNY 23,759,467,570.74 at the start of the year, reflecting a growth of approximately 3.07%[16] - The total liabilities of the company were CNY 37,588,203,613.20, up from CNY 35,511,350,401.81, reflecting an increase of approximately 5.8%[17] - The long-term borrowings increased significantly to CNY 10,417,575,545.61 from CNY 8,970,441,040.08, indicating a rise of about 16.2%[17] - The company's equity decreased slightly to CNY 5,730,847,796.00 from CNY 5,731,717,796.00, a negligible change[17] Shareholder Information - The top shareholder, Taiyuan Iron and Steel (Group) Co., Ltd., holds 62.93% of the shares, with a total of 3,606,454,334 shares[10] - The company completed the repurchase and cancellation of 870,000 restricted stocks, reducing the total share capital from 5,731,717,796 shares to 5,730,847,796 shares[13] Other Financial Metrics - The weighted average return on equity for Q1 2023 was -1.71%, down from 3.56% in the same period last year, indicating a decrease of 5.27%[3] - Research and development expenses for Q1 2023 were ¥129,765,522.23, down 15.2% from ¥153,018,457.58 in the previous year[20] - The company reported a basic and diluted earnings per share of -0.104 for Q1 2023, compared to 0.223 in the same period last year[21] - Other comprehensive income after tax for Q1 2023 was -¥9,318,720.23, compared to -¥7,625,844.82 in the previous year[20] - The company reported investment income of ¥44,212,315.28, an increase from ¥35,016,685.15 in the same period last year[20]