SANHUA(SZ:002050)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 5,678,755,521.90, representing an increase of 18.22% compared to CNY 4,803,574,775.23 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was CNY 601,262,668.34, up 32.73% from CNY 452,994,753.44 in Q1 2022[4] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.17, reflecting a growth of 30.77% from CNY 0.13 in Q1 2022[4] - Operating profit for the quarter was CNY 701,826,103.92, up 27% from CNY 552,325,277.63 in Q1 2022[17] - Comprehensive income for the quarter was CNY 714,364,364.62, an increase from CNY 507,070,497.30 in Q1 2022[18] Cash Flow - The net cash flow from operating activities increased significantly by 484.35%, reaching CNY 735,871,707.43 compared to CNY 125,930,521.34 in the previous year[4] - Total cash inflow from operating activities reached ¥6,207,279,233.42, compared to ¥4,561,898,675.45 in the prior year, indicating an increase of about 36%[20] - Cash outflow from operating activities totaled ¥5,471,407,525.99, up from ¥4,435,968,154.11, reflecting a rise of approximately 23%[20] - The company reported a net increase in cash and cash equivalents of ¥467,764,442.70, contrasting with a decrease of ¥836,758,913.67 in the same period last year[20] - The ending balance of cash and cash equivalents was ¥2,518,093,044.47, compared to ¥1,853,243,311.42 at the end of the previous year, marking an increase of approximately 36%[20] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 28,516,934,067.12, a 1.94% increase from CNY 27,961,214,156.28 at the end of the previous year[4] - The total liabilities of the company are not explicitly stated, but the current liabilities include short-term borrowings of ¥1,260,122,511.02[14] - Total liabilities decreased slightly to CNY 14,666,613,706.32 from CNY 14,855,477,960.00 year-over-year[15] - The equity attributable to shareholders increased by 5.60% to CNY 13,665,036,787.46 from CNY 12,941,310,409.42 at the end of the previous year[4] - Total equity attributable to shareholders of the parent company rose to CNY 13,665,036,787.46, compared to CNY 12,940,375,651.31 in the same period last year[15] Expenses - The company reported a total operating cost of CNY 5,018,103,114.97, which is a 17.2% increase from CNY 4,285,238,156.92 in Q1 2022[16] - The company experienced a 39.28% rise in management expenses in Q1 2023, primarily due to increased employee compensation[8] - Research and development expenses increased to CNY 291,210,635.42, up 26.6% from CNY 229,947,279.32 in Q1 2022[17] - The company reported a 2,525.76% increase in financial expenses, primarily due to a decrease in net interest income[8] - The company paid ¥982,587,151.76 in employee compensation, which is an increase of about 29% from ¥765,518,773.09 in the previous period[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,753, with the top ten shareholders holding a significant portion of shares[10] - Zhejiang Sanhua Green Energy Industrial Group holds 27.24% of shares, while Sanhua Holdings Group holds 20.68%[10] Government Subsidies and Other Income - The company reported a significant increase in government subsidies, amounting to CNY 24,681,616.62 in Q1 2023[5] - The company received cash from investment income totaling ¥2,605,270.21, a decrease from ¥39,368,189.68 in the previous year[20] Inventory and Accounts Receivable - The company's accounts receivable decreased to ¥5,410,789,701.94 from ¥5,228,117,225.57, a decline of approximately 3.50%[13] - Inventory decreased slightly to ¥4,243,665,484.75 from ¥4,334,875,287.86, showing a reduction of about 2.10%[14] Other Financial Information - The company has pledged shares amounting to 15 million shares due to the issuance of exchangeable bonds[11] - The company is closely monitoring the progress of the remaining payments related to the Liqian plant's upgrade project and will fulfill its disclosure obligations accordingly[12]