良信股份(002706) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 931,963,371.38, representing a 16.29% increase compared to CNY 801,414,656.66 in the same period last year[23] - Net profit attributable to shareholders for Q1 2023 was CNY 85,054,493.37, up 17.84% from CNY 72,176,393.04 in the previous year[23] - Total operating revenue for Q1 2023 reached ¥931,963,371.38, an increase of 16.3% compared to ¥801,414,656.66 in the same period last year[34] - Net profit attributable to the parent company for Q1 2023 was ¥85,054,493.37, compared to ¥72,176,393.04 in the same period last year, reflecting a growth of 17.8%[36] - The net profit for the current period was approximately $85.1 million, an increase of 17.8% from $72.2 million in the previous period[60] Cash Flow - The net cash flow from operating activities improved by 40.62%, reaching CNY -127,268,805.55 compared to CNY -214,319,238.63 in the prior year[23] - The net cash flow from operating activities improved by 40.62% compared to the previous period, attributed to reduced operating expenses[62] - The total cash inflow from operating activities was approximately $617.3 million, compared to $687.2 million in the previous period, indicating a decline of about 10.2%[55] - The total cash outflow from operating activities was approximately $744.6 million, down from $901.5 million in the previous period, a decrease of about 17.4%[55] - The net increase in cash and cash equivalents was $118,843,836.61, contrasting with a decrease of $296,398,927.57 in the previous period[65] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 5,731,108,310.46, a slight increase of 0.47% from CNY 5,704,549,372.33 at the end of the previous year[23] - The company's equity attributable to shareholders increased by 2.55% to CNY 3,839,052,232.49 from CNY 3,743,438,761.43 at the end of the last year[23] - The company's short-term borrowings increased by 62.62% compared to the beginning of the year, due to new bank loans[62] - The total assets amounted to approximately $5.73 billion, slightly up from $5.70 billion at the beginning of the year[64] Expenses - Total operating costs for Q1 2023 were ¥848,197,464.86, up 18.0% from ¥719,029,529.81 in the previous year[34] - Research and development expenses increased to ¥61,385,134.34, a rise of 10.9% from ¥55,553,303.76 in the prior year[34] - Financial expenses decreased significantly by 179.52% to -¥1,983,928.11, attributed to increased interest income from cash holdings[44] Investments - Development expenditures increased by 491.68% due to a rise in capitalized R&D expenses[26] - The company reported an investment income of approximately $3.8 million, a significant recovery from a loss of $0.5 million in the previous period[60] - Cash inflow from investment activities totaled $657,643,698.65, with a significant increase from the previous period[65] - Cash outflow related to investment activities surged to $483,397,703.04, compared to $84,509,471.38 in the prior period[65] Other Financial Metrics - Basic and diluted earnings per share for Q1 2023 were both ¥0.08, up from ¥0.07 in the previous year[36] - Cash and cash equivalents at the end of the period amounted to ¥1,040,728,924.69, an increase of 11.8% from ¥931,045,087.19 at the beginning of the year[31] - Accounts receivable decreased to ¥511,839,492.43, down 10.8% from ¥573,690,325.14 at the start of the year[31] - Inventory increased to ¥527,194,826.64, up 4.0% from ¥504,307,636.63 at the beginning of the year[31] - Other operating income surged by 55827.62% due to compensation received from suppliers for quality issues[44]