CEVIA(SZ:000885)2023-04-28 16:00Financial Performance - Revenue for Q1 2023 reached ¥1,520,514,471.27, an increase of 27.54% compared to ¥1,192,157,305.99 in the same period last year[4] - Net profit attributable to shareholders was ¥306,745,773.58, up 36.71% from ¥224,385,033.43 year-on-year[4] - Basic earnings per share increased by 36.68% to ¥0.4777 from ¥0.3495 in the previous year[4] - Net profit for Q1 2023 was ¥341,359,628.62, representing a 36.5% increase from ¥250,077,174.24 in Q1 2022[19] - Total operating revenue for Q1 2023 reached ¥1,520,514,471.27, an increase of 27.5% compared to ¥1,192,157,305.99 in Q1 2022[17] Cash Flow - Net cash flow from operating activities surged by 380.94% to ¥229,447,070.98, compared to ¥47,708,210.49 in Q1 2022[4] - The cash inflow from operating activities for Q1 2023 was CNY 1,103,224,797.12, an increase of 18.7% compared to CNY 929,255,652.43 in Q1 2022[20] - The net cash flow from operating activities was CNY 229,447,070.98, significantly up from CNY 47,708,210.49 in the same period last year[20] - The cash inflow from financing activities was CNY 1,158,474,207.66, a decrease from CNY 1,317,823,479.43 in Q1 2022[21] - The net cash flow from financing activities improved to CNY 464,531,739.58, compared to CNY 275,866,232.69 in the previous year[21] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥26,431,269,494.66, reflecting a 3.62% increase from ¥25,507,391,139.67 at the end of the previous year[4] - Total liabilities increased to ¥18,666,452,567.05 in Q1 2023, up from ¥18,088,628,983.89 in Q1 2022[16] - The company's cash and cash equivalents increased to ¥4,793,323,072.02 in Q1 2023, compared to ¥4,390,850,803.76 in Q1 2022[16] - The company's total assets as of the end of Q1 2023 amounted to ¥26,431,269,494.66, compared to ¥25,507,391,139.67 at the end of Q1 2022[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,376[8] - The largest shareholder, Henan Investment Group Co., Ltd., holds 56.47% of shares, totaling 362,579,146 shares, with 120,000,000 shares pledged[8] - The company's equity attributable to shareholders rose by 4.74% to ¥6,837,566,669.40 from ¥6,528,265,256.51 at the end of last year[4] - The total equity attributable to shareholders of the parent company rose to ¥6,837,566,669.40 in Q1 2023, compared to ¥6,528,265,256.51 in Q1 2022[16] Research and Development - Research and development expenses increased by 101.39% to ¥20,112,869.03, driven by higher investment in R&D projects[7] - Research and development expenses for Q1 2023 were ¥20,112,869.03, significantly higher than ¥9,987,057.67 in Q1 2022, indicating a focus on innovation[17] Operational Changes - The company plans to issue convertible bonds, with approval received from the Henan Provincial Government[12] - The company has revised its articles of association, which was approved at the first extraordinary general meeting of 2023[10] - The company appointed a new deputy general manager, Mr. Li Zhuoying, while Ms. Liang Li resigned from her position[11] - The company is focusing on market expansion and new strategies, as indicated by its plans for bond issuance and management changes[12][11] Inventory and Receivables - Accounts receivable increased to 1,988,586,124.09 RMB from 1,653,603,777.64 RMB, indicating a growth of approximately 20.2%[14] - Inventory increased to 72,441,995.05 RMB from 63,995,749.04 RMB, reflecting a growth of approximately 21.5%[14] - Other receivables decreased slightly to 90,704,035.22 RMB from 96,668,654.62 RMB[14] Tax and Expenses - The company experienced an 80.88% rise in taxes and surcharges, amounting to ¥19,248,385.50, primarily due to increased VAT liabilities[7] - Operating costs for Q1 2023 were ¥1,122,929,738.19, up 25.4% from ¥895,245,850.97 in the same period last year[17] Audit Information - The company did not conduct an audit for the Q1 2023 report[22]