SIFANG(601126)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,177,398,697.64, representing a year-on-year increase of 10.11%[8] - The net profit attributable to shareholders was RMB 141,950,837.96, reflecting a growth of 10.13% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 145,093,223.70, an increase of 13.65% year-on-year[8] - The basic earnings per share for the period was RMB 0.1746, up by 10.16% from the previous year[8] - Total operating revenue for Q1 2023 reached RMB 1,177,398,697.64, a 10.1% increase from RMB 1,069,322,474.25 in Q1 2022[23] - Net profit for Q1 2023 was RMB 142,426,411.28, representing an increase of 10.5% compared to RMB 128,810,297.38 in Q1 2022[25] - The company reported a total profit of RMB 170,743,929.95 for Q1 2023, up from RMB 165,633,713.23 in Q1 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were RMB 8,472,196,162.29, a slight increase of 0.24% from the end of the previous year[9] - The total assets of Beijing Sifang Automation Co., Ltd. as of March 31, 2023, amounted to RMB 8,472,196,162.29, an increase from RMB 8,451,651,208.08 at the end of 2022[22] - The company's total liabilities decreased to RMB 4,278,110,947.80 in Q1 2023 from RMB 4,403,731,417.08 in the previous year[22] - The total current liabilities decreased to RMB 4,251,884,086.47 in Q1 2023 from RMB 4,378,414,483.69 in the previous year[20] - The total liabilities of the company as of March 31, 2023, were not explicitly stated but can be inferred to have increased due to the negative cash flows from operations and investments[37] Cash Flow - The net cash flow from operating activities was negative at RMB -62,500,725.88, indicating a non-applicable change[8] - The net cash flow from operating activities for Q1 2023 was -62,500,725.88 RMB, compared to -53,594,616.51 RMB in Q1 2022, indicating a decline in operational cash flow[30] - The company experienced a net increase in cash flow from operating activities, indicating positive operational performance[28] - The cash flow from financing activities was not detailed in the provided data, indicating a potential area for further analysis in future reports[31] - The company reported a significant increase in cash outflows related to operating activities, totaling 1,322,144,029.29 RMB in Q1 2023, compared to 1,224,055,973.57 RMB in Q1 2022[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 59,208[12] - The largest shareholder, Sifang Electric (Group) Co., Ltd., held 43.10% of the shares, totaling 350,507,666 shares[13] Research and Development - Research and development expenses for Q1 2023 totaled RMB 110,628,929.53, an increase of 10.2% from RMB 100,420,294.50 in Q1 2022[25] - The company's R&D expenses for Q1 2023 were CNY 30,324,291.50, down from CNY 34,072,355.20 in Q1 2022, reflecting a decrease of about 11.5%[39] Inventory and Receivables - Accounts receivable increased to RMB 1,110,313,727.38 in Q1 2023 from RMB 1,068,345,688.86 in the previous year, indicating a growth of approximately 3.5%[19] - The company's inventory as of March 31, 2023, was RMB 1,938,490,745.79, slightly up from RMB 1,920,515,613.61 at the end of 2022[19] Other Financial Metrics - The cash and cash equivalents as of March 31, 2023, were RMB 2,024,643,566.70, down from RMB 2,322,630,090.24 at the end of 2022[19] - Other comprehensive income after tax for Q1 2023 was RMB -101,467.28, compared to RMB 29,203.79 in Q1 2022[26] - The total equity attributable to shareholders increased to RMB 4,190,620,436.82 in Q1 2023, compared to RMB 4,044,930,586.65 in the same period last year[22] - The total equity increased to CNY 3,365,382,054.61 in Q1 2023 from CNY 3,347,961,261.99 in Q1 2022, reflecting a growth of approximately 0.5%[39] Government Subsidies - The company reported a government subsidy of RMB 2,084,821.01, closely related to its normal business operations[9] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2023, indicating continuity in financial reporting practices[43]