SK(688155)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥592,492,974.97, representing a year-on-year increase of 103.47%[5] - The net profit attributable to shareholders was ¥17,000,625.98, showing a decrease of 17.68% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,222,046.10, an increase of 32.19% year-on-year[5] - Basic and diluted earnings per share were both ¥0.22, down 18.52% from the previous year[6] - Total operating revenue for Q1 2023 reached ¥592.49 million, a significant increase of 103.5% compared to ¥291.20 million in Q1 2022[20] - Net profit for Q1 2023 was ¥41.09 million, representing a 111.0% increase from ¥19.46 million in Q1 2022[21] - Operating profit for Q1 2023 was ¥54.01 million, compared to ¥23.39 million in Q1 2022, marking a 130.5% increase[21] - The company reported a total comprehensive income of ¥41.52 million for Q1 2023, compared to ¥18.36 million in Q1 2022[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,787,336,509.32, an increase of 5.05% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 4,787,336,509.32, an increase from RMB 4,557,242,497.60 as of December 31, 2022, reflecting a growth of approximately 5.03%[14] - The company's cash and cash equivalents increased to RMB 654,390,433.94 from RMB 507,767,679.51, representing a growth of about 28.93%[14] - Accounts receivable decreased to RMB 661,259,918.82 from RMB 796,266,336.05, indicating a decline of approximately 16.93%[14] - Inventory increased to RMB 707,442,188.36 from RMB 663,568,047.13, showing a rise of about 6.61%[15] - Short-term borrowings rose to RMB 943,344,129.45 from RMB 792,283,703.91, marking an increase of approximately 19.08%[16] - Total liabilities increased to RMB 3,376,562,255.20 from RMB 3,188,489,609.02, reflecting a growth of about 5.91%[16] - The company's equity attributable to shareholders increased to RMB 1,154,052,596.40 from RMB 1,136,125,023.05, showing a rise of approximately 1.57%[16] - The company reported a total current asset of RMB 3,316,941,011.73, up from RMB 3,192,286,075.46, indicating an increase of about 3.91%[14] - The company’s total non-current assets amounted to RMB 1,470,395,497.59, an increase from RMB 1,364,956,422.14, reflecting a growth of approximately 7.73%[15] - The company’s total equity increased to RMB 1,410,774,254.12 from RMB 1,368,752,888.58, indicating a growth of about 3.07%[16] Cash Flow - The net cash flow from operating activities was ¥100,598,297.61, with no applicable year-on-year comparison[5] - Cash flow from operating activities for Q1 2023 was ¥100.60 million, a turnaround from a negative cash flow of ¥82.55 million in Q1 2022[23] - Cash inflow from investment activities in Q1 2023 was ¥39.93 million, down from ¥482.11 million in Q1 2022[23] - Cash flow from financing activities in Q1 2023 was ¥124.17 million, compared to ¥146.41 million in Q1 2022[23] - The net increase in cash and cash equivalents for Q1 2023 was $210,032,084.54, compared to $236,813,664.17 in Q1 2022[24] - The beginning balance of cash and cash equivalents was $395,045,725.88, up from $385,832,212.99 in the previous year[24] - The ending balance of cash and cash equivalents for Q1 2023 was $605,077,810.42, compared to $622,645,877.16 in Q1 2022[24] Research and Development - Research and development expenses totaled ¥31,258,444.51, a decrease of 19.45% year-on-year, accounting for 5.28% of operating revenue, down 8.05 percentage points[6] - The company incurred research and development expenses of ¥31.26 million in Q1 2023, a decrease from ¥38.81 million in Q1 2022[20] Revenue Growth Factors - The increase in operating revenue was primarily due to the consolidation of the subsidiary Fujian Dongheng into the reporting period's scope, contributing to overall revenue growth[9]