SOFE(SZ:000852)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,932,304,047.17, representing a 19.37% increase compared to ¥1,618,687,526.88 in the same period last year[4] - Net profit attributable to shareholders was ¥25,743,372.89, a significant increase of 126.52% from ¥11,364,875.94 year-on-year[4] - The basic earnings per share rose to ¥0.0274, an increase of 87.67% compared to ¥0.0146 in the previous year[5] - Net profit for Q1 2023 reached CNY 30,240,734.14, representing a significant increase of 133.5% compared to CNY 12,931,291.78 in Q1 2022[21] - Earnings per share for Q1 2023 were CNY 0.0274, compared to CNY 0.0146 in Q1 2022, reflecting a growth of 87.7%[21] - The company reported a total comprehensive income of CNY 30,240,734.14 for Q1 2023, compared to CNY 12,931,291.78 in Q1 2022, indicating strong performance[21] Research and Development - Research and development expenses increased by 87.93% to ¥62,506,820.97 from ¥33,260,243.21 in the same period last year[8] - Research and development expenses for Q1 2023 totaled CNY 62,506,820.97, which is an increase of 88.0% compared to CNY 33,260,243.21 in Q1 2022[20] Cash Flow and Liquidity - The cash flow from operating activities improved to -¥64,285,682.90, a 46.32% reduction in negative cash flow compared to -¥119,763,052.62 last year[4] - The net cash flow from operating activities was -64,285,682.90 CNY, compared to -119,763,052.62 CNY in the previous year, indicating an improvement[24] - Total cash inflow from operating activities was 1,749,145,507.13 CNY, while cash outflow was 1,813,431,190.03 CNY, resulting in a net cash outflow[24] - Cash flow from investing activities was -13,920,034.28 CNY, an improvement from -19,377,255.11 CNY year-over-year[24] - Cash flow from financing activities showed a net outflow of -126,300,178.66 CNY, contrasting with a net inflow of 1,140,915,793.88 CNY in the previous year[25] - The total cash and cash equivalents at the end of the period were 762,311,479.30 CNY, down from 1,062,730,923.44 CNY at the end of the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,865,126,744.30, a decrease of 0.77% from ¥9,941,276,192.81 at the end of the previous year[5] - The total liabilities as of Q1 2023 were CNY 6,790,703,305.67, a decrease of 1.4% from CNY 6,888,128,601.47 in Q1 2022[22] - The company’s fixed assets decreased to CNY 1,427,279,830.24 from CNY 1,544,538,215.84, a decline of approximately 7.6%[17] - The company’s non-current assets totaled CNY 1,853,435,974.82, down from CNY 1,944,268,386.60, reflecting a decrease of about 4.7%[17] Equity and Shareholder Information - The company's equity attributable to shareholders increased by 0.94% to ¥2,924,116,812.94 from ¥2,897,021,306.34 at the end of the last year[5] - The total equity attributable to shareholders of the parent company was CNY 2,924,116,812.94, an increase of 0.9% from CNY 2,896,379,960.61 in Q1 2022[22] Government Subsidies and Other Income - The company recognized government subsidies amounting to ¥3,714,077.00, contributing to a 241.39% increase in other income[8] Employee Compensation - The company paid 221,623,603.00 CNY to employees, slightly up from 209,517,884.77 CNY in the previous year[24] Accounting Changes - The company implemented changes in accounting policies effective January 1, 2023, regarding deferred income tax assets and liabilities related to lease liabilities and right-of-use assets[12] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]