PRCO(SZ:002225)2023-04-20 16:00Financial Performance - Revenue for Q1 2023 was CNY 1,218,243,801.22, an increase of 6.99% compared to CNY 1,138,651,820.18 in the same period last year[5] - Net profit attributable to shareholders decreased by 41.28% to CNY 43,897,628.26 from CNY 74,756,791.39 year-on-year[5] - The company's net profit margin for Q1 2023 was approximately 4.0%, compared to 3.5% in the same period last year[19] - The net profit for Q1 2023 was CNY 40,922,751.41, a decrease of 43.2% compared to CNY 71,990,630.66 in Q1 2022[20] - Operating profit for Q1 2023 was CNY 45,577,097.63, down 46.3% from CNY 85,345,120.75 in the same period last year[20] - The total comprehensive income attributable to the parent company was CNY 46,506,499.33, a decrease from CNY 73,471,927.34 in Q1 2022[20] - The company's basic and diluted earnings per share for Q1 2023 were both CNY 0.04, down from CNY 0.07 in the previous year[20] Cash Flow and Liquidity - Operating cash flow improved significantly, with a net increase of 135.59%, reaching CNY 82,955,166.20 compared to a negative cash flow of CNY 233,072,270.92 in the previous year[5] - Cash flow from operating activities generated a net amount of CNY 82,955,166.20, a significant improvement from a net outflow of CNY 233,072,270.92 in Q1 2022[22] - The company reported a net cash increase of CNY 196,562,600.65 in cash and cash equivalents, compared to an increase of CNY 7,824,180.26 in Q1 2022[23] - Cash and cash equivalents saw a net increase of 2412.25%, primarily due to improved cash flow from operating and financing activities[10] - The company's cash and cash equivalents at the end of Q1 2023 amounted to CNY 622,976,359.48, compared to CNY 473,772,740.37 at the beginning of the year, representing a growth of 31.4%[15] Assets and Liabilities - Total assets increased by 8.10% to CNY 8,135,436,849.66 from CNY 7,525,819,987.82 at the end of the previous year[5] - Total assets as of March 31, 2023, reached CNY 8,135,436,849.66, compared to CNY 7,525,819,987.82 at the beginning of the year, reflecting a growth of 8.1%[17] - Total liabilities increased to CNY 4,740,564,222.17 from CNY 4,174,899,257.23, representing a rise of 13.5%[17] Investment and Income - Long-term equity investments grew by 58.82%, attributed to profits from joint ventures and increased investment amounts[7] - The company reported a 91.40% decrease in investment income, mainly due to significant gains from the disposal of a subsidiary in the previous year[8] - The company experienced a 43.07% decline in other income, primarily due to reduced government subsidies related to operating activities[8] Operational Metrics - Total operating revenue for Q1 2023 was CNY 1,218,243,801.22, an increase of 7.0% compared to CNY 1,138,651,820.18 in the same period last year[19] - Total operating costs for Q1 2023 were CNY 1,169,461,204.94, up from CNY 1,063,182,609.23, reflecting a year-on-year increase of 10.0%[19] - Total revenue from sales of goods and services was CNY 874,842,315.71, slightly up from CNY 867,088,609.02 in the previous year[22] - Research and development expenses for Q1 2023 were CNY 35,886,989.05, down from CNY 43,097,865.51, indicating a decrease of 16.7%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,189[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]