THXN(SZ:300390)2023-04-24 16:00Financial Performance - Revenue for Q1 2023 was CNY 3,537,673,022.96, an increase of 4.42% compared to CNY 3,387,889,428.83 in the same period last year[3] - Net profit attributable to shareholders decreased by 41.95% to CNY 881,368,716.70 from CNY 1,518,402,197.84 year-on-year[3] - Basic earnings per share fell by 46.92% to CNY 1.38 from CNY 2.60 in the previous year[3] - Operating cash flow decreased significantly by 84.98% to CNY 161,070,161.38 from CNY 1,072,229,152.58 year-on-year[3] - The total comprehensive income for Q1 2023 was CNY 1,105,288,747.55, down from CNY 2,599,086,308.67 in the same period last year, representing a decline of 57.5%[19] - Operating profit for Q1 2023 was CNY 1,341,759,150.33, down 44.2% from CNY 2,400,574,444.64 in Q1 2022[18] - The net profit for Q1 2023 was CNY 1,159,067,702.47, a decrease of 43.1% compared to CNY 2,040,623,509.90 in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,234,918,113.52, a slight decrease of 0.16% from CNY 20,267,426,562.68 at the end of the previous year[3] - The company's total liabilities decreased to ¥5,010,292,636.24 from ¥6,194,944,388.21, a reduction of approximately 19.1%[15] - The company's inventory increased to ¥2,803,084,029.86 from ¥2,239,233,851.15, reflecting a growth of approximately 25.2%[14] - Accounts receivable decreased to ¥790,498,138.96 from ¥1,049,964,664.32, a reduction of about 24.6%[14] - Non-current assets rose to ¥6,594,964,270.51, up from ¥5,911,072,121.63, marking an increase of approximately 11.6%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 78,907, with the largest shareholder, Pei Zhenhua, holding 23.64% of shares, amounting to 151,412,187 shares[7] - Pei Zhenhua's shares include 113,559,140 restricted shares, which are subject to a 25% annual unlock during his term[10] - The top ten shareholders hold a combined total of 37.85% of the company's shares, with the second-largest shareholder, Rong Jianfen, holding 8.10%[9] - The company has a total of 225,905,851 restricted shares, with 141,150 shares released during the reporting period[10] Costs and Expenses - Operating costs surged by 166.11% to CNY 2,100,654,516.10 compared to CNY 789,381,312.29 in the same period last year[6] - R&D expenses increased by 39.32% to CNY 16,946,303.48 from CNY 12,163,858.28 year-on-year[6] - Cash flow from operating activities for Q1 2023 was CNY 161,070,161.38, a significant decrease of 85% compared to CNY 1,072,229,152.58 in Q1 2022[20] - Cash flow from investing activities showed a net outflow of CNY 1,013,076,612.84 in Q1 2023, compared to a net outflow of CNY 341,105,302.18 in Q1 2022[21] - Cash flow from financing activities resulted in a net outflow of CNY 412,854,144.06 in Q1 2023, compared to a net outflow of CNY 133,672,180.38 in Q1 2022[21] Corporate Actions and Future Outlook - The company plans to distribute a cash dividend of 20.00 RMB per 10 shares, totaling 1,280,805,736 RMB, and will also increase the share capital by 192,120,860 shares through capital reserves[12] - The company has announced a share buyback plan, with Pei Zhenhua having already purchased 2,091,709 shares through an asset management product[11] - The company changed its name to Suzhou Tianhua New Energy Technology Co., Ltd. to better reflect its core business in lithium battery materials[11] - The company has not reported any new product developments or technological advancements in this quarter[9] - There are no significant mergers or acquisitions reported in the current financial period[9] - The company has not provided specific future performance guidance or market expansion strategies in the current report[9]