东方日升(300118) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached ¥6,776,944,038.64, representing a 25.18% increase compared to ¥5,413,967,032.74 in the same period last year[3]. - Net profit attributable to shareholders was ¥310,855,176.60, up 46.11% from ¥212,754,045.40 year-on-year[3]. - The net profit for the period was ¥319,307,710.35, reflecting a 48.97% increase from ¥214,346,389.17 in the same period last year[8]. - Total operating revenue for Q1 2023 reached ¥6,776,944,038.64, an increase of 25.2% compared to ¥5,413,967,032.74 in the same period last year[28]. - Total operating revenue for Q1 2023 was 6,498,625,827.14 CNY, an increase from 5,193,110,714.58 CNY in Q1 2022, representing a growth of approximately 25.2%[29]. - Net profit for Q1 2023 reached 319,307,710.35 CNY, compared to 214,346,389.17 CNY in Q1 2022, marking an increase of about 48.9%[30]. - Total comprehensive income for Q1 2023 was 323,715,172.09 CNY, compared to 161,849,270.00 CNY in Q1 2022, representing an increase of about 99.5%[30]. - Operating profit for Q1 2023 was 322,413,792.41 CNY, up from 208,526,992.09 CNY in Q1 2022, reflecting an increase of about 54.6%[29]. Cash Flow and Investments - The net cash flow from operating activities decreased by 76.61% to ¥161,902,166.50, down from ¥692,214,640.74 in the previous year[3]. - The net cash flow from operating activities for Q1 2023 was ¥161,902,166.50, a decrease of 76.6% compared to ¥692,214,640.74 in Q1 2022[32]. - Total cash inflow from investing activities dropped by 83.04% to ¥20,696,575.19, attributed to lower cash received from the disposal of subsidiaries and long-term assets compared to the previous year[9]. - Cash outflow from investing activities surged by 454.61% to ¥967,127,997.53, mainly due to significant payments for the construction of new battery component production bases and industrial silicon projects[9]. - The net cash flow from investing activities worsened by 1,708.08% to -¥946,431,422.34, reflecting substantial expenditures on new projects[9]. - The total cash inflow from financing activities increased by 120.25% to ¥8,868,911,403.58, primarily due to funds raised from a specific stock issuance totaling ¥4.969 billion after deducting issuance costs[9]. - The net cash flow from financing activities improved by 3,377.82% to ¥4,858,271,660.01, driven by the successful stock issuance[9]. - The net increase in cash and cash equivalents rose by 702.28% to ¥4,052,702,386.84, largely due to the funds raised from the stock issuance[9]. - The cash inflow from operating activities totaled ¥7,358,955,827.72, down from ¥7,803,638,913.09 in Q1 2022[32]. - The company received cash from financing activities, including ¥4,999,999,983.55 from minority shareholders and ¥2,461,904,648.90 from loans[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥46,014,054,679.10, a 20.26% increase from ¥38,261,598,274.49 at the end of the previous year[3]. - Total current assets increased to ¥29,470,267,494.90 from ¥23,436,932,072.97, representing a rise of 25.8%[26]. - Total liabilities increased to ¥30,320,927,465.15 from ¥27,861,643,313.71, marking an increase of 8.3%[27]. - Owner's equity totaled ¥15,693,127,213.95, up from ¥10,399,954,960.78, reflecting a growth of 50.5%[27]. - The company's equity attributable to shareholders increased by 56.38% to ¥14,655,488,399.53 from ¥9,371,639,016.86[3]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,225[10]. - The largest shareholder, Lin Haifeng, holds 24.82% of the shares, totaling 282,998,377 shares, with a portion pledged[10]. - The company has a significant number of shares under lock-up, with Lin Haifeng's locked shares increasing to 217,211,562.00 after a recent issuance[20]. - The company reported a total of 199,274,446.00 shares as of March 31, 2023, with a total of 248,138,957.00 shares outstanding[23]. - The company completed a targeted issuance of A-shares, with the approval from the China Securities Regulatory Commission on September 19, 2022, allowing the issuance to proceed[24]. - The company has a lock-up period for shares subscribed by specific individuals, lasting 18 months from the issuance date, with other investors having a 6-month lock-up period[22]. - The company’s first quarter report indicates a total of 19,831,871.00 shares issued to Guotai Junan Securities Co., Ltd. as part of the initial public offering[21]. Operational Expenses - Sales expenses increased by 46.66% to ¥66,478,228.79, driven by higher sales volume and related costs[7]. - Research and development expenses decreased to 173,349,489.29 CNY in Q1 2023 from 186,554,808.03 CNY in Q1 2022, a reduction of approximately 7.1%[29]. - The company’s financial expenses decreased to 55,663,575.88 CNY in Q1 2023 from 99,179,190.45 CNY in Q1 2022, a reduction of approximately 43.9%[29]. - The company paid ¥312,139,407.81 to employees, an increase of 34.8% from ¥231,606,613.77 in the previous year[32]. Government Support - The company received government subsidies amounting to ¥62,497,771.88, a 62.01% increase compared to the previous year[7].