SANF(SZ:300276)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 401,417,808.95, representing a 29.34% increase compared to CNY 310,348,892.41 in the same period last year[4] - Net profit attributable to shareholders was CNY 10,103,770.93, a 5.85% increase from CNY 9,545,040.07 year-on-year[4] - The net profit after deducting non-recurring gains and losses surged by 104.67% to CNY 7,370,129.85 from CNY 3,601,066.27 in the previous year[4] - The net profit for Q1 2023 was CNY 10,907,117.60, an increase of 12.3% compared to CNY 9,708,735.90 in Q1 2022[15] - Operating profit for Q1 2023 was CNY 10,687,801.27, slightly down from CNY 11,312,183.92 in the same period last year[15] - The total comprehensive income for Q1 2023 was CNY 10,907,117.60, compared to CNY 9,708,735.90 in Q1 2022, marking an increase of 12.3%[15] Assets and Liabilities - The company's total assets increased by 7.17% to CNY 4,292,713,205.40 from CNY 4,005,417,180.14 at the end of the previous year[4] - As of March 31, 2023, the total current assets amounted to CNY 3,401,030,309.40, an increase from CNY 3,116,696,854.43 at the beginning of the year, reflecting a growth of approximately 9.1%[12] - Total liabilities increased to CNY 2,363,803,703.74 from CNY 2,087,172,332.95, marking a rise of 13.2%[14] - The company reported a total of CNY 224,668,657.73 in goodwill, unchanged from the beginning of the year[12] - The total non-current assets remained stable at CNY 1,000,000,000.00, with no significant changes reported[12] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 149,590,751.57, worsening by 406.11% compared to a net outflow of CNY 29,556,769.45 in the same period last year[8] - The company's cash flow from investing activities improved, with a net outflow of CNY 5,308,078.12, a 70.93% decrease compared to CNY 18,259,188.98 in the previous year[8] - Cash and cash equivalents decreased to CNY 242,703,583.33 from CNY 445,825,107.50, representing a decline of about 45.5%[12] - Cash and cash equivalents at the end of the period were CNY 183,118,389.41, down from CNY 240,162,776.47 at the end of Q1 2022[19] - The company incurred a total cash outflow from financing activities of CNY 110,927,611.50, compared to CNY 66,937,427.92 in the previous year[19] Operational Metrics - The company reported a significant increase in operating costs, which rose by 29.79% to CNY 327,492,936.86, primarily due to increased project acceptance[8] - The total operating costs for Q1 2023 were CNY 389,800,519.71, up from CNY 310,861,045.07, reflecting a year-over-year increase of 25.4%[14] - The gross profit margin for Q1 2023 was approximately 2.5%, down from the previous year's margin due to rising costs[14] - Research and development expenses for Q1 2023 amounted to CNY 14,047,751.95, representing an increase of 11.9% from CNY 12,554,760.23 in Q1 2022[14] Customer and Market Dynamics - The company reported a 57.49% increase in prepayments to CNY 441,563,339.61, attributed to increased procurement expenditures for ongoing projects[7] - The company experienced a 32.03% increase in contract liabilities, reaching CNY 1,529,039,952.39, due to an increase in customer prepayments[7] - Total revenue from sales of goods and services received was CNY 592,519,605.42, up from CNY 348,587,203.40 in the previous year, reflecting a growth of 70%[18] Future Outlook - The company plans to focus on market expansion and new product development to enhance revenue streams in the upcoming quarters[14] - The company has not reported any new product developments or technological advancements during this quarter[12] - There were no significant mergers or acquisitions announced in the first quarter of 2023[12] - The company did not provide specific future guidance or market expansion strategies in the report[12]