Financial Performance - Revenue for Q1 2023 was CNY 4,203,024,989.82, a decrease of 3.97% compared to CNY 4,376,835,940.47 in the same period last year[5] - Net profit attributable to shareholders decreased by 36.42% to CNY 60,649,706.90 from CNY 95,394,997.64 year-on-year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 53.93% to CNY 36,205,277.87 compared to CNY 78,593,357.99 in the previous year[5] - Basic and diluted earnings per share decreased by 44.44% to CNY 0.10 from CNY 0.18 in the same period last year[5] - Net profit for Q1 2023 was CNY 47,905,696.48, a decline of 48.80% from CNY 93,521,837.27 in Q1 2022[24] - Earnings per share for Q1 2023 were CNY 0.10, compared to CNY 0.18 in Q1 2022, indicating a decrease of 44.44%[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,514,684,743.94, a decrease of 3.64% from CNY 15,062,705,793.47 at the end of the previous year[5] - The company's total liabilities decreased to CNY 4,439,075,933.58 in Q1 2023 from CNY 5,032,804,963.26 in Q1 2022, a reduction of 11.77%[24] - The company's cash and cash equivalents decreased from CNY 6,344,337,379.38 at the beginning of the year to CNY 3,040,180,019.87 at the end of the period[22] - The total assets decreased from CNY 15,062,705,793.47 to CNY 14,514,684,743.94, a reduction of about 3.6%[22] - The company has a total of 11,989,891,715.23 in current assets, down from 12,557,361,115.58 at the beginning of the year[22] Shareholder Equity - Shareholders' equity attributable to shareholders increased by 0.58% to CNY 10,116,823,156.53 from CNY 10,058,371,165.71 at the end of the previous year[5] - The total equity attributable to shareholders of the parent company increased to CNY 10,116,823,156.53 in Q1 2023 from CNY 10,058,371,165.71 in Q1 2022, reflecting a growth of 0.58%[24] Cash Flow - The net cash flow from operating activities improved by 22.07%, reaching CNY -966,310,666.11 compared to CNY -1,239,980,586.91 in the previous year[5] - The total cash inflow from operating activities was CNY 3,578,644,121.91, an increase of 4.0% compared to CNY 3,439,815,285.74 in the previous period[27] - The net cash outflow from operating activities was CNY -966,310,666.11, improving from CNY -1,239,980,586.91 in the previous period[27] - The cash inflow from investment activities was CNY 576,434,094.50, compared to CNY 510,665.27 in the previous period[27] - The net cash outflow from investment activities was CNY -1,797,881,555.26, significantly worse than CNY -97,026,553.84 in the previous period[27] - The net cash inflow from financing activities was CNY -531,556,314.70, a sharp decline from CNY 4,259,457,141.25 in the previous period[29] - The total cash and cash equivalents at the end of the period were CNY 2,999,583,234.69, down from CNY 5,894,652,539.69 at the end of the previous period[29] Operational Insights - The company attributed the decline in net profit to increased investments in digital innovation and ecosystem development for a major telecommunications equipment enterprise, along with the impact of the Spring Festival holiday[9] - Government subsidies received increased compared to the same period last year, contributing to the financial performance despite the overall decline in profits[9] - Research and development expenses for Q1 2023 were CNY 263,529,926.85, up from CNY 246,440,220.99 in Q1 2022, representing an increase of 6.94%[24] - The company reported a decrease in financial expenses to CNY 12,511,017.92 in Q1 2023 from CNY 31,084,745.07 in Q1 2022, a reduction of 59.83%[24] Inventory and Receivables - Accounts receivable increased from CNY 4,950,208,566.80 to CNY 5,479,675,807.64, indicating a growth of approximately 10.6%[22] - The company's inventory increased from CNY 682,784,944.33 to CNY 751,240,472.12, reflecting a growth of approximately 10.0%[22] Other Financial Metrics - Other comprehensive income after tax for Q1 2023 was CNY -2,197,716.10, compared to CNY -906,374.36 in Q1 2022, indicating a worsening of 142.56%[25] - The company experienced a negative impact of CNY -2,182,875.60 from exchange rate fluctuations on cash and cash equivalents[29]
软通动力(301236) - 2023 Q1 - 季度财报