FAWER(SZ:200030)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥2,803,266,645.30, representing a 3.29% increase compared to ¥2,714,014,726.23 in the same period last year[4] - Net profit attributable to shareholders increased by 243.12% to ¥81,870,997.61 from ¥23,860,427.65 year-on-year[4] - The net profit excluding non-recurring gains and losses surged by 392.72% to ¥68,183,295.36 compared to ¥13,838,214.63 in the previous year[4] - Basic and diluted earnings per share rose by 400% to ¥0.05 from ¥0.01 in the same quarter last year[4] - Net profit for Q1 2023 reached CNY 69,648,261.66, a significant recovery from a net loss of CNY 9,293,927.40 in the previous year[23] Assets and Liabilities - The company's total assets decreased by 2.04% to ¥14,947,053,642.73 from ¥15,259,037,179.57 at the end of the previous year[4] - Total current assets decreased from CNY 7,139,253,061.07 at the beginning of the year to CNY 6,734,178,289.66 at the end of the reporting period, a decline of approximately 5.67%[19] - Total liabilities decreased from CNY 12,000,000,000 to CNY 11,500,000,000, a decrease of about 4.17%[19] - The company reported a total liability of CNY 6,397,930,420.84, down from CNY 6,788,289,456.90, indicating a reduction of approximately 5.8%[20] - The total equity attributable to shareholders of the parent company increased to CNY 7,559,773,878.71 from CNY 7,471,059,065.62, reflecting a growth of 1.2%[20] Cash Flow - Cash flow from operating activities showed a negative net amount of -¥620,730,759.09, worsening by 108.65% compared to -¥297,504,616.44 in the previous year[4] - Cash flow from operating activities was CNY 2,055,637,842.76, a decrease from CNY 2,320,672,628.15 in the previous year, representing a decline of 11.4%[25] - The net cash flow from operating activities was -620,730,759.09 CNY, compared to -297,504,616.44 CNY in the previous year, indicating a decline of approximately 108.5%[26] - The total cash outflow from operating activities amounted to 2,676,368,601.85 CNY, slightly increasing from 2,618,177,244.59 CNY year-over-year[26] - The net cash flow from investing activities was -70,301,504.06 CNY, an improvement from -315,205,452.41 CNY in the same period last year, reflecting a decrease in losses of approximately 77.7%[26] Investments and Income - Investment income rose by 32.45% year-on-year, reflecting increased returns from associated companies[9] - The company achieved an investment income of CNY 123,021,906.86, up from CNY 92,882,998.48, indicating a year-over-year increase of 32.6%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,605[15] - The largest shareholder, FAW Equity Investment (Tianjin) Co., Ltd., holds 25.38% of shares, totaling 441,995,373 shares[15] Operational Costs and Expenses - Total operating costs for Q1 2023 were CNY 2,888,514,810.21, up from CNY 2,843,742,697.32, reflecting a year-over-year increase of 1.6%[22] - Research and development expenses increased to CNY 120,328,308.26, compared to CNY 93,866,175.20 in the same quarter last year, marking a growth of 28.2%[23] Other Financial Metrics - The company reported a significant increase in prepayments, which grew by 466.29% due to increased project prepayments by its controlling subsidiary[8] - The company experienced a 6878063.86% increase in tax refunds received compared to the previous year, primarily due to increased VAT refunds[10] - Cash flow from investment activities increased by 124.32% year-on-year, driven by the maturity of structured deposits from its controlling subsidiary[11] - The company reported a significant increase in accounts receivable financing from CNY 707,304,227.48 to CNY 990,164,563.56, an increase of approximately 40%[19] - The company plans to continue expanding its market presence and invest in new product development[16]