老板电器(002508) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥2,177,271,694.59, representing a 4.37% increase compared to ¥2,086,165,521.12 in the same period last year[3] - Net profit attributable to shareholders was ¥388,734,141.35, up 5.72% from ¥367,704,718.16 year-on-year[3] - The net profit for Q1 2023 was CNY 386,954,815.39, an increase of 5.4% compared to CNY 366,009,499.56 in Q1 2022[13] - Operating profit for Q1 2023 reached CNY 458,652,231.97, up from CNY 431,088,739.65 in the same period last year, reflecting a growth of 6.4%[13] - The total profit for Q1 2023 was CNY 458,750,725.30, compared to CNY 432,062,156.89 in Q1 2022, marking an increase of 6.1%[13] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.41, up from CNY 0.39 in Q1 2022, reflecting a growth of 5.1%[13] Cash Flow and Liquidity - The net cash flow from operating activities increased by 42.28% to ¥181,762,454.94, compared to ¥127,753,283.12 in the previous year[3] - The cash and cash equivalents at the end of Q1 2023 totaled CNY 5,638,022,842.93, an increase from CNY 3,720,104,862.06 at the end of Q1 2022[16] - The company reported a net increase in cash and cash equivalents of CNY 441,608,501.19 for Q1 2023, compared to CNY 116,041.71 in Q1 2022[16] - The investment activities generated a net cash flow of CNY 239,860,733.62 in Q1 2023, a significant recovery from a negative cash flow of CNY 137,271,502.14 in Q1 2022[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,886,393,291.48, a decrease of 1.02% from ¥15,039,825,287.53 at the end of the previous year[3] - The total assets of the company as of March 31, 2023, were CNY 14,886,393,291.48, down from CNY 15,039,825,287.53 at the beginning of the year, representing a decrease of about 1.01%[11] - The total liabilities decreased to CNY 4,639,082,951.23 from CNY 5,181,572,318.52, indicating a reduction of approximately 10.47%[11] Operational Efficiency - Total operating costs for Q1 2023 were CNY 1,792,745,740.21, up from CNY 1,727,936,174.67 in the same period last year, indicating an increase of about 3.77%[12] - The company reported a decrease of 22.58% in accounts receivable compared to the beginning of the year, primarily due to the maturity of commercial bills[6] - Accounts receivable decreased to CNY 1,616,860,067.25 from CNY 1,689,606,828.94, showing a reduction of about 4.32%[10] - Inventory levels decreased to CNY 1,527,411,635.01 from CNY 1,610,110,798.10, a decline of approximately 5.14%[10] Investment and R&D - The company has invested in R&D, with expenses amounting to CNY 68,509,891.30 in Q1 2023, slightly up from CNY 67,446,579.35 in Q1 2022, indicating a commitment to innovation[12] - Long-term equity investments decreased by 28.57% due to losses from investments in joint ventures and associates[6] - The company reported a decrease in investment income from joint ventures, with a loss of CNY 2,490,700.04 in Q1 2023 compared to a loss of CNY 1,084,027.60 in Q1 2022[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,121, with the largest shareholder holding 49.68%[7] Market Strategy - The company is exploring market expansion strategies, although specific details were not disclosed in the earnings call[12]