中国重汽(000951) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 reached ¥9,213,621,716.33, an increase of 22.90% compared to ¥7,496,600,081.10 in the same period last year[11] - Net profit attributable to shareholders was ¥223,963,735.05, up 80.53% from ¥124,056,938.28 year-on-year[11] - Total profit increased by 76% driven by sales growth during the reporting period[15] - Net profit for Q1 2023 was CNY 320,403,703.63, representing a 79.0% increase from CNY 179,115,859.17 in Q1 2022[30] - The total comprehensive income for the period reached CNY 320,885,309.86, compared to CNY 179,115,859.17 in the previous period, reflecting a significant increase[31] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 32.00% to ¥1,319,407,557.47, down from ¥1,940,194,460.01 in the previous year[9] - The net cash flow from operating activities was CNY 1,319,407,557.47, down from CNY 1,940,194,460.01 in the previous period, indicating a decrease of approximately 32%[35] - The net cash flow from investing activities was negative at CNY -1,138,392,953.20, compared to CNY -943,515,592.03 in the previous period, indicating a worsening of cash outflows[35] - Cash and cash equivalents at the end of the period totaled CNY 12,028,768,792.79, down from CNY 8,566,581,368.44 in the previous period[35] - The company reported a net increase in cash and cash equivalents of CNY -324,231,729.02, contrasting with a net increase of CNY 1,387,707,590.24 in the previous period[35] Assets and Liabilities - Total assets increased by 5.55% to ¥36,279,975,531.36 from ¥34,371,514,875.39 at the end of the previous year[11] - The company's current assets totaled RMB 29,310,547,627.84, up from RMB 27,503,552,902.27 at the beginning of the year, indicating an increase of about 6.55%[24] - The total liabilities increased to CNY 21,367,325,754.80 from CNY 19,780,355,301.16, reflecting a growth of 8.0%[27] - The total assets increased to CNY 36,279,975,531.36 from CNY 34,371,514,875.39, marking a growth of 5.6%[27] - The company reported a significant increase in accounts payable, which rose to CNY 10,548,167,093.99 from CNY 7,129,909,069.21, an increase of 48.0%[27] Operational Metrics - Operating costs for the same period were CNY 8,742,753,265.92, up 20.4% from CNY 7,257,432,378.26 year-over-year[30] - Revenue from sales of goods and services amounted to CNY 7,157,458,031.77, an increase from CNY 6,759,288,664.49, representing a growth of about 5.9%[32] - The total cash outflow from operating activities was CNY 5,888,401,520.55, compared to CNY 4,857,737,661.34 in the previous period, showing an increase of about 21.2%[35] Shareholder Actions - The company has repurchased a total of 5,874,409 shares, which is 0.5000% of the total share capital, with a total transaction amount of RMB 75,105,912.41[20] - The maximum repurchase price was adjusted to RMB 16.44 per share, with a total repurchase fund not exceeding RMB 1.93 billion[20] - The company plans to repurchase between 5,874,347 and 11,748,693 shares, which is between 0.50% and 1.00% of the total share capital[19] Expenses - Management expenses surged by 171% primarily due to increased employee compensation and related costs[15] - The company paid CNY 322,257,317.32 to employees, an increase from CNY 277,203,678.91, reflecting a rise of approximately 16.2%[35] - The company's R&D expenses decreased to CNY 81,551,084.63 from CNY 108,533,667.96, a reduction of 25.0% year-over-year[30] Other Information - The company did not undergo an audit for the first quarter report[36] - The company's cash and cash equivalents were not explicitly mentioned, indicating a focus on operational metrics rather than liquidity in this report[30]