FLAC(SZ:002536)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 945,772,256.79, representing a 16.49% increase compared to CNY 811,857,271.31 in the same period last year[2] - Net profit attributable to shareholders reached CNY 67,815,767.34, a significant increase of 678.11% from CNY 8,715,467.36 year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 62,696,857.63, up 2,211.37% from CNY 2,712,540.45 in the previous year[2] - The basic earnings per share increased to CNY 0.14, a 600.00% rise from CNY 0.02 in the same quarter last year[2] - In Q1 2023, the company reported a net profit of CNY 66,291,941.35, a significant increase from CNY 7,921,397.59 in the same period last year, representing an increase of approximately 736%[20] - The company's operating profit for Q1 2023 was CNY 73,320,970.33, compared to CNY 2,928,211.43 in Q1 2022, indicating a substantial growth in operational efficiency[21] - Total revenue from sales and services received in Q1 2023 was CNY 972,353,613.77, up from CNY 748,450,183.06 in Q1 2022, reflecting an increase of about 30%[21] - The total comprehensive income for Q1 2023 was CNY 66,291,941.35, compared to CNY 7,921,397.59 in Q1 2022, showcasing overall financial growth[20] Assets and Liabilities - The company's total assets decreased by 2.49% to CNY 4,282,141,544.12 from CNY 4,391,518,114.12 at the end of the previous year[3] - The total assets as of March 31, 2023, were CNY 4,282,141,544.12, a decrease from CNY 4,391,518,114.12 at the beginning of the year, reflecting a decline of about 2.5%[17] - The total liabilities decreased to CNY 1,920,293,582.52 from CNY 2,095,962,093.87, indicating a reduction of approximately 8.4%[17] - The company's retained earnings increased to CNY 828,887,857.26 from CNY 761,072,089.92, representing a growth of about 8.9%[17] Cash Flow - The net cash flow from operating activities was CNY 89,386,781.53, down 6.55% from CNY 95,655,731.85 in the same period last year[2] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 302,860,342.80, down from CNY 371,487,932.01 at the beginning of the year, reflecting a decrease of approximately 18.5%[15] - The company's cash flow from operating activities in Q1 2023 was CNY 89,386,781.53, slightly down from CNY 95,655,731.85 in Q1 2022[22] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 65,982,816.01, down from CNY 113,465,425.00 at the end of Q1 2022[22] Investment Activities - The company reported a net cash outflow from investing activities of CNY -104,572,294.51, which is an increase of 108.19% compared to CNY -50,229,875.70 in the previous year[7] - The net cash flow from investing activities was negative CNY 104,572,294.51 in Q1 2023, compared to negative CNY 50,229,875.70 in Q1 2022, indicating increased investment outflows[22] Operating Costs - The total operating costs for the first quarter of 2023 were CNY 873,612,764.92, slightly down from CNY 813,289,722.00 in the previous year, indicating a decrease of about 4.5%[18] Research and Development - Research and development expenses rose to CNY 55,435,069.56 in Q1 2023, compared to CNY 50,775,948.51 in Q1 2022, marking an increase of approximately 9%[21] Future Plans - The company plans to raise up to CNY 780 million through a private placement to fund projects including the production of 6 million new energy electronic water pumps and 5.6 million new energy thermal management components[11] - The company received approval from the China Securities Regulatory Commission for its private placement application on October 25, 2022, and is awaiting further registration procedures[12] Shareholder Equity - The equity attributable to shareholders increased by 2.95% to CNY 2,367,730,269.95 from CNY 2,299,914,502.61 at the end of the previous year[3] - The company incurred financial expenses of CNY 4,138,496.41 in Q1 2023, a decrease from CNY 12,471,361.13 in Q1 2022, indicating improved cost management[21]