AVIC SAC(600760)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥9,175,131,296.33, representing a 17.03% increase compared to ¥7,803,283,263.79 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥641,779,772.54, a 25.57% increase from ¥511,349,667.52 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥637,699,055.46, reflecting a 36.98% increase from ¥465,483,972.01 in the same period last year[4] - The basic earnings per share for Q1 2023 was ¥0.33, up 26.92% from ¥0.26 in the previous year[4] - The weighted average return on equity increased to 4.88%, up 0.51 percentage points from 4.38% in the previous year[4] - The company reported a profit before tax of ¥734,075,244.74 for Q1 2023, compared to ¥599,137,234.20 in Q1 2022, marking a 22.5% increase[16] Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥56,465,895,536.07, a decrease of 3.96% from ¥58,792,300,811.09 at the end of the previous year[4] - The equity attributable to shareholders increased by 5.08% to ¥13,489,446,874.31 from ¥12,837,348,457.95 at the end of the previous year[4] - Total liabilities decreased to ¥42,004,578,466.54 in Q1 2023 from ¥44,978,935,313.92 in Q1 2022, a reduction of 6.5%[15] - The total liabilities include accounts payable of ¥16,548,614,722.26, up from ¥14,770,329,235.78 year-over-year[14] - The company reported short-term borrowings of ¥50,000,000.00, an increase from ¥10,000,000.00 in the previous year[14] Cash Flow - The net cash flow from operating activities improved by ¥2,048,576,130.54, mainly due to increased customer payments[8] - The net cash flow from financing activities increased by ¥31,398.92 million, primarily due to received subscription payments for equity incentives[9] - The net cash flow from operating activities for Q1 2023 was -412,500,107.30 RMB, an improvement from -2,544,901,306.19 RMB in Q1 2022[19] - Total cash inflow from operating activities reached 5,063,801,671.01 RMB, compared to 1,375,322,716.47 RMB in the same period last year, indicating a significant increase[19] - Cash outflow from operating activities was 5,476,301,778.31 RMB, up from 3,920,224,022.66 RMB in Q1 2022[19] Research and Development - Research and development expenses increased by 186.73% to ¥9,740.42 million, primarily due to increased investment in R&D[8] - R&D expenses in Q1 2023 amounted to ¥149,566,553.53, significantly higher than ¥52,162,392.13 in Q1 2022, indicating a focus on innovation[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 123,949[10] - The largest shareholder, China Aviation Industry Corporation, holds 1,295,954,439 shares, accounting for 66.10% of total shares[10] Other Financial Metrics - The company has not disclosed any significant new strategies or product developments in the current report[12] - The company's total current assets as of March 31, 2023, amount to ¥49,151,456,719.35, a decrease from ¥51,463,368,577.06 in the previous year[13] - Accounts receivable increased to ¥4,265,704,855.66 from ¥3,473,900,742.57 year-over-year[13] - Inventory decreased to ¥10,664,650,381.82 from ¥12,172,484,465.08 year-over-year[13] - The company implemented new accounting standards starting January 1, 2023, which did not have a significant impact on the financial statements[29]