SACO(SZ:002025)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,782,508,589.39, representing a 16.31% increase compared to ¥1,532,558,689.34 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥219,621,738.62, a 38.07% increase from ¥159,068,395.67 in the previous year[4] - The company reported a total profit of ¥275,107,718.20 for Q1 2023, a 33.27% increase from the previous year[11] - The basic earnings per share for Q1 2023 was ¥0.49, up 40.00% from ¥0.35 in Q1 2022[4] - The net profit after deducting non-recurring gains and losses was ¥214,248,107.33, a 37.82% increase from ¥155,460,588.30 in the same period last year[4] - The net profit for Q1 2023 was CNY 248.74 million, an increase of 35% compared to CNY 184.18 million in Q1 2022[22] - Operating profit reached CNY 274.96 million, up 35.4% from CNY 203.08 million in the same period last year[22] - The total comprehensive income for Q1 2023 was CNY 248.74 million, compared to CNY 184.18 million in Q1 2022[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 42.16%, reaching -¥290,237,402.35 compared to -¥501,812,421.28 in Q1 2022[4] - The company's cash and cash equivalents decreased from ¥2,188,016,599.59 at the beginning of the year to ¥1,845,619,360.79 at the end of the period[18] - Cash flow from operating activities showed a net outflow of CNY 290.24 million, an improvement from a net outflow of CNY 501.81 million in Q1 2022[23] - The company's cash and cash equivalents were CNY 1,153,961,130.28, an increase from CNY 1,119,822,705.03 year-over-year[20] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 1.79 billion, down from CNY 1.91 billion at the end of Q1 2022[24] - Financing activities generated a net cash inflow of CNY 19.15 million, a turnaround from a net outflow of CNY 0.54 million in Q1 2022[23] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥10,288,220,559.30, up 3.21% from ¥9,968,468,289.08 at the end of the previous year[5] - Accounts receivable at the end of Q1 2023 amounted to ¥3,086,809,987.51, reflecting a 68.73% increase compared to the beginning of the year[8] - Total current assets increased from ¥8,486,455,529.79 to ¥8,789,482,966.14, reflecting overall growth in liquidity[18] - Non-current liabilities totaled CNY 366,895,885.13, a decrease of 4.1% from CNY 382,589,972.87 in the previous year[20] - The total equity attributable to shareholders reached CNY 5,902,793,260.39, up from CNY 5,683,439,720.51, indicating a growth of 3.9%[20] - The company reported a decrease in accounts payable to CNY 1,790,171,696.02 from CNY 1,513,703,383.51, reflecting a significant increase of 18.3%[21] Operational Efficiency - Inventory decreased from ¥1,045,635,924.76 to ¥964,385,486.18, suggesting improved inventory management[18] - Research and development expenses were CNY 121,640,932.20, reflecting an increase of 8.2% from CNY 111,818,161.80 in Q1 2022[21] - The company received government subsidies amounting to ¥7,057,826.67 during the reporting period, which contributed to a 108.52% increase in other income[9] Shareholder Information - The major shareholder, Aerospace Jiangnan Group Co., Ltd., holds 38.18% of the shares, totaling 172,810,806 shares[13] - There is a potential for unified voting rights among major shareholders due to their relationship with China Aerospace Science and Industry Corporation, which holds a combined 42.35% stake[15] Strategic Initiatives - The company is advancing its 2022 restricted stock incentive plan, with ongoing preparations for stock grants and registrations[17] - The company is actively pursuing strategies for market expansion and potential mergers or acquisitions, although specific details were not provided in the reports[16] - The company has not disclosed any significant new product developments or technological advancements in the recent reports[16]