天顺风能(002531) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached ¥1,362,687,634.25, representing an increase of 87.17% compared to ¥728,055,210.35 in the same period last year[3]. - Net profit attributable to shareholders was ¥197,397,670.75, a significant increase of 506.88% from ¥32,526,585.72 year-on-year[3]. - The company's basic earnings per share rose to ¥0.1097, up 506.08% from ¥0.0181 in the same quarter last year[3]. - Total operating revenue for Q1 2023 reached ¥1,362,687,634.25, a significant increase from ¥728,067,370.96 in the same period last year, representing an increase of approximately 87.3%[13]. - The net profit for Q1 2023 was CNY 199,397,593.60, a significant increase compared to CNY 31,504,767.16 in Q1 2022, representing a growth of approximately 532.5%[14]. - Operating profit reached CNY 216,286,564.57, up from CNY 21,634,607.03 in the same period last year, indicating a year-over-year increase of about 900.5%[14]. - The total comprehensive income for Q1 2023 was CNY 198,898,532.16, compared to CNY 32,394,037.70 in Q1 2022, indicating a substantial increase of approximately 514.5%[15]. Cash Flow - The net cash flow from operating activities improved to ¥10,814,207.23, a turnaround from a negative cash flow of ¥29,360,208.88 in the previous year, marking a 136.83% increase[3]. - The company reported a significant increase in cash flow from operations, although specific figures were not provided in the documents[13]. - The net cash flow from operating activities for Q1 2023 was ¥10,814,207.23, a significant improvement compared to a net outflow of ¥29,360,208.88 in Q1 2022[17]. - Total cash outflow from operating activities reached ¥1,034,443,018.74, up from ¥719,687,686.71 in the same period last year[17]. - Cash inflow from investment activities was ¥102,688,887.22, compared to ¥53,650,301.56 in Q1 2022[17]. - The net cash flow from investment activities was -¥647,882,743.91, worsening from -¥254,130,412.50 year-over-year[17]. - Cash inflow from financing activities totaled ¥791,440,566.82, an increase from ¥731,964,688.37 in Q1 2022[17]. - The net cash flow from financing activities was ¥506,886,540.37, compared to ¥107,488,943.71 in the previous year[17]. - The total cash and cash equivalents at the end of Q1 2023 were ¥1,028,476,188.53, down from ¥558,217,484.98 at the end of Q1 2022[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥20,512,339,585.70, reflecting a 3.17% increase from ¥19,882,635,310.65 at the end of the previous year[3]. - The company's accounts receivable increased to ¥4,347,179,723.83 from ¥4,089,620,101.91, showing a growth of approximately 6.3%[12]. - Inventory levels rose to ¥1,387,972,207.40, up from ¥1,244,151,326.75, indicating an increase of around 11.5%[12]. - Current assets totaled ¥8,791,669,320.06, compared to ¥8,192,770,672.21 in the previous year, marking an increase of approximately 7.3%[12]. - Total liabilities increased to ¥12,196,685,181.94 from ¥11,568,782,710.35, reflecting a growth of about 5.4%[13]. - The company's long-term borrowings rose to ¥4,393,808,953.12, compared to ¥3,924,570,364.97, an increase of approximately 12%[13]. Operational Highlights - The company experienced a 79.92% increase in operating costs, correlating with the rise in product deliveries during the reporting period[6]. - The company reported a 334.52% increase in prepayments compared to the beginning of the year, primarily due to increased advance payments for main materials[6]. - Contract liabilities increased by 87.92% year-to-date, attributed to a rise in advance receipts[6]. - The company reported a significant increase in cash outflows from investing activities, primarily due to cash spent on fixed asset purchases and other investment-related payments[6]. - The company reported a total payment to employees of ¥124,117,309.03, an increase from ¥98,917,937.18 in the same quarter last year[17]. - The total tax payments made were ¥152,271,469.64, slightly down from ¥159,467,947.46 in Q1 2022[17]. Strategic Initiatives - The company plans to acquire 100% equity of Jiangsu Changfeng Marine Equipment Manufacturing Co., Ltd. for ¥3 billion to enhance its offshore wind power capacity and market share[10]. - The GDR project has received conditional approval from the Swiss Stock Exchange, pending approval from the China Securities Regulatory Commission, aimed at expanding international operations[10]. - The company aims to strengthen its competitive advantage through international product certification and marketing networks as part of its strategic expansion[10]. - The company reported a significant focus on enhancing its influence and competitiveness in the offshore wind power sector as part of its "14th Five-Year Plan" strategy[10]. - The company is actively pursuing strategies to expand its overseas production and export capabilities in the wind power sector[10]. - The company is in the process of liquidating its subsidiary Zhuhai Wind Tower, which is not expected to have a significant impact on overall operations due to its limited capacity and revenue[10]. Other Financial Metrics - Research and development expenses for the quarter were CNY 7,810,372.91, slightly up from CNY 7,667,681.72 in the previous year, showing a year-over-year increase of about 1.9%[14]. - Financial expenses increased to CNY 72,979,012.43 from CNY 61,161,249.90, representing a rise of approximately 19.5%[14]. - The company reported a foreign exchange gain of CNY 7,742,694.37, a significant recovery from a loss of CNY 40,455,533.99 in the previous year[14]. - The tax expenses for the quarter were CNY 16,134,652.06, compared to a tax benefit of CNY 10,096,556.53 in Q1 2022, indicating a shift in tax position[14].