Absen(SZ:300389)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 709,292,328.04, representing a 43.97% increase compared to CNY 492,667,889.98 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 reached CNY 79,095,603.24, a significant increase of 306.55% from CNY 19,455,414.41 in the previous year[5]. - Basic earnings per share for Q1 2023 were CNY 0.2205, up 255.65% from CNY 0.0620 in the previous year[5]. - The operating profit for Q1 2023 was CNY 83,540,202.74, compared to CNY 16,408,388.63 in Q1 2022, representing an increase of approximately 409%[25]. - The company’s total comprehensive income for Q1 2023 was CNY 75,548,358.17, compared to CNY 18,417,215.21 in the same quarter last year, marking an increase of about 310%[26]. Cash Flow - The net cash flow from operating activities was CNY 108,505,319.70, a turnaround from a negative cash flow of CNY -76,077,761.82 in the same period last year, marking a 242.62% improvement[5]. - Cash received from sales and services was CNY 812,073,146.70, a 52.41% increase from CNY 532,829,483.25 in the previous year[11]. - Cash inflow from investment activities totaled CNY 217.25 million, reflecting an increase of 111.04%[12]. - The company’s cash flow from financing activities showed a net outflow of CNY 12.01 million, a decrease of 57.94%[12]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 788,452,699.39, a significant increase from CNY 292,173,347.82 at the end of Q1 2022[29]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 3,120,342,750.40, reflecting a 3.71% increase from CNY 3,008,786,732.95 at the end of the previous year[5]. - Total current assets amounted to approximately CNY 2,044.66 million as of December 31, 2022[31]. - Total non-current assets increased to approximately CNY 964.12 million, resulting in total assets of approximately CNY 3,008.79 million[32]. - Total current liabilities were reported at approximately CNY 1,751.08 million, with total liabilities reaching approximately CNY 1,825.05 million[32]. - The company's equity attributable to shareholders was approximately CNY 1,186.47 million[32]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 13,945[14]. - The largest shareholder, Ding Yanhui, holds 34.31% of shares, totaling 123.51 million shares[14]. - The second-largest shareholder, Deng Jiangbo, owns 17.03% of shares, amounting to 61.30 million shares[14]. Operational Highlights - Operating income increased by 43.97% due to a rise in orders, leading to higher revenue realization[10]. - Total operating revenue for Q1 2023 reached RMB 709.29 million, a significant increase of 43.9% compared to RMB 492.67 million in Q1 2022[24]. - Total operating costs for Q1 2023 were RMB 641.83 million, up 28.9% from RMB 497.97 million in the same period last year[24]. - Gross profit for Q1 2023 was RMB 67.46 million, representing a gross margin of approximately 9.5%[24]. - R&D expenses for Q1 2023 were RMB 31.78 million, an increase of 24.8% compared to RMB 25.48 million in Q1 2022[24]. Investment Activities - Cash received from investment recovery increased to CNY 210 million, up 107.92% compared to the previous period[12]. - Investment income received reached CNY 7.08 million, a significant increase of 265.39% year-on-year[12]. - Investment activities resulted in a net cash outflow of CNY -9,243,316.07, an improvement from CNY -110,370,926.70 in the previous year[29]. - The company established a new subsidiary, Shenzhen Ruidian Green Energy Technology Co., Ltd., with a registered capital of RMB 10 million to enhance its operational capabilities[18]. - The company plans to continue expanding its market presence and enhancing its competitive strength through strategic investments and partnerships[18].