SENSSUN(SZ:002870)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 reached CNY 1.215 billion, representing an increase of 11.06% compared to CNY 1.094 billion in the same period last year[5]. - Net profit attributable to shareholders was CNY 35.44 million, a year-on-year increase of 35.72% from CNY 26.11 million[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31.01 million, up 28.15% from CNY 24.20 million in the previous year[5]. - The net profit for Q1 2023 was CNY 64,534,994.68, an increase of 53.4% compared to CNY 42,080,110.71 in Q1 2022[18]. - The total comprehensive income for Q1 2023 reached CNY 85,836,709.63, up 136.5% from CNY 36,263,901.48 in the same period last year[19]. - Basic and diluted earnings per share for the period were CNY 0.27, reflecting a 12.50% increase from CNY 0.24[5]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.27, compared to CNY 0.24 in Q1 2022, reflecting a 12.5% increase[19]. Cash Flow and Investments - Operating cash flow increased by 30.11% year-on-year, primarily due to the normal recovery of accounts receivable[9]. - Cash flow from operating activities generated a net amount of CNY 95,152,465.95, an increase of 30.1% from CNY 73,132,980.38 in the previous year[20]. - The company reported cash inflows from investment activities of CNY 150,395,383.43, significantly higher than CNY 2,165,526.20 in Q1 2022[20]. - Cash outflows for investment activities totaled CNY 457,385,663.48, compared to CNY 98,171,573.13 in the same period last year[20]. - The net cash flow from financing activities was CNY 28,235,061.55, an increase of 173.5% from CNY 10,331,409.45 in Q1 2022[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7.409 billion, a slight increase of 0.07% from CNY 7.404 billion at the end of the previous year[5]. - Total assets as of March 31, 2023, amounted to CNY 7,409,413,811.28, slightly up from CNY 7,403,886,115.41 at the start of the year[16]. - Total liabilities decreased to CNY 4,585,845,516.11 from CNY 4,666,154,529.87, a reduction of 1.73%[16]. - The company's equity increased to CNY 2,823,568,295.17 from CNY 2,737,731,585.54, reflecting a growth of 3.14%[16]. - Shareholders' equity attributable to the parent company increased by 3.01% to CNY 1.586 billion from CNY 1.539 billion[5]. Business Segments - The automotive parts business saw revenue and profit growth, driven by stable global demand for luxury vehicles and increased market share in high-value products[8]. - The weighing instrument business faced pressure due to overseas inflation and regional conflicts, but the company is actively expanding customer outreach to capture more market opportunities[8]. Expenses - Total operating costs for Q1 2023 were CNY 1,144,161,283.51, up from CNY 1,049,150,967.25, reflecting a year-over-year increase of 9.06%[17]. - Research and development expenses increased to CNY 73,432,062.63, compared to CNY 61,922,217.99 in the prior year, marking a rise of 18.54%[17]. Other Financial Metrics - Gross profit margin for the quarter was approximately 5.88%, down from the previous year's margin[17]. - Cash and cash equivalents decreased to CNY 615,178,058.10 from CNY 799,961,265.08 at the beginning of the year, a decline of 23.05%[14]. - Inventory levels increased to CNY 1,054,114,614.94 from CNY 1,042,255,167.19, indicating a growth of 1.43%[14]. - The company experienced a foreign exchange loss of CNY 2,251,896.19 during the quarter, compared to a loss of CNY 379,198.81 in the previous year[20]. Audit Status - The company has not undergone an audit for the Q1 2023 report[21].