Homa(002668)2023-04-20 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥2,378,512,714.97, representing a year-on-year increase of 19.56% compared to ¥1,989,385,443.49 in the same period last year[4] - Net profit attributable to shareholders increased significantly by 660.11% to ¥170,421,328.61 from ¥22,420,608.47 in the previous year[4] - The net profit after deducting non-recurring gains and losses rose by 683.37% to ¥167,942,960.33, driven by the substantial increase in net profit[4] - Basic and diluted earnings per share surged to ¥0.1572, a 659.42% increase from ¥0.0207 in the previous year[4] - The weighted average return on equity increased to 18.39%, up from 5.06% in the same period last year, reflecting improved profitability[4] - Total operating revenue for Q1 2023 reached CNY 2,378,512,714.97, an increase of 19.5% compared to CNY 1,989,385,443.49 in the same period last year[16] - Net profit for Q1 2023 was CNY 347,351,318.11, up from CNY 69,153,959.04 in Q1 2022, representing a significant increase of 403.5%[16] - Operating profit for the quarter was CNY 413,431,535.59, compared to CNY 89,180,305.48 in the previous year, indicating a growth of 363.5%[16] - The total comprehensive income for the first quarter of 2023 was CNY 310,000,031.50, compared to CNY 50,284,681.64 in the same period last year, indicating a significant increase[17] Cash Flow and Investments - The net cash flow from operating activities improved by 743.49%, amounting to ¥223,182,765.90, compared to a negative cash flow of -¥34,683,374.55 in the same period last year[4] - The net cash flow from operating activities was CNY 223,182,765.90, a turnaround from a negative cash flow of CNY -34,683,374.55 in the previous year[20] - The company generated CNY 2,292,193,492.90 in cash inflows from operating activities, down from CNY 2,440,413,713.21 in the previous year[19] - The cash outflow from investing activities was CNY 833,496,051.60, significantly higher than CNY 11,946,875.16 in the same period last year, indicating increased investment activity[20] - The net cash flow from financing activities was CNY 616,167,222.67, compared to a negative cash flow of CNY -71,823,943.14 in the previous year, reflecting improved financing conditions[20] - The company recorded a foreign exchange impact on cash and cash equivalents of CNY 7,475,681.89, compared to a negative impact of CNY -4,981,588.91 in the previous year[20] - The company’s cash received from investment activities totaled CNY 385,137,013.75, a significant increase from CNY 65,397,890.87 in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,042,315,444.39, a 6.85% increase from ¥6,591,388,505.83 at the end of the previous year[4] - Total assets as of March 31, 2023, amounted to CNY 7,042,315,444.39, an increase from CNY 6,591,129,465.05 at the beginning of the year[15] - Total liabilities increased to CNY 4,950,962,345.54 from CNY 4,809,776,397.70, reflecting a rise of 2.9%[15] - Cash and cash equivalents decreased to CNY 2,258,386,163.15 from CNY 2,398,696,761.11, a decline of 5.8%[14] - Cash and cash equivalents at the end of the period increased to CNY 1,924,481,797.63, compared to CNY 1,552,044,970.41 at the end of the same period last year[20] - Inventory levels decreased to CNY 772,107,105.86 from CNY 908,718,275.27, a reduction of 15.0%[14] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 17.98% to ¥993,044,683.53 from ¥841,804,621.89 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company rose to CNY 993,044,683.53 from CNY 841,672,511.09, an increase of 17.9%[15] Business Focus and Government Support - The company focused on its refrigerator business, leading to a recovery in export orders and a significant increase in domestic sales to ODM strategic customers[8] - The company received government subsidies amounting to ¥3,715,117.28 during the reporting period, contributing to its financial performance[6] Research and Development - Research and development expenses for the quarter were CNY 70,294,341.36, slightly down from CNY 72,991,195.63 in the previous year[16] Investment Income - The company reported a significant increase in investment income of CNY 34,850,719.60 compared to CNY 61,361,099.20 in the previous year[16] Sales Performance - The total revenue from sales of goods and services was CNY 2,157,538,785.56, slightly down from CNY 2,211,506,526.66 in the same period last year[19]