Global Top(002640)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 1,586,595,189.46, representing an increase of 8.24% compared to CNY 1,465,822,138.30 in the same period last year[4]. - Net profit attributable to shareholders was CNY 1,229,150.34, a significant turnaround from a loss of CNY 10,159,680.27 in the previous year, marking a 112.10% improvement[4]. - The company reported a basic earnings per share of CNY 0.0008, compared to a loss of CNY -0.0065 in the same period last year, indicating a 112.31% improvement[4]. - Operating profit for the current period was ¥15,250,695.94, a significant recovery from a loss of ¥9,226,216.10 in the previous period[14]. - The total profit for the current period is 15,380,704.96, compared to a loss of 250,607.86 in the previous period[16]. - The net profit attributable to the parent company is 1,229,150.34, a significant improvement from a loss of 10,159,680.27 in the previous period[16]. - The total comprehensive income attributable to the parent company is 22,079,164.02, compared to a loss of 8,520,587.07 in the previous period[16]. Cash Flow - The net cash flow from operating activities was negative at CNY -341,838,826.53, slightly worse than the previous year's negative CNY -331,076,410.22, reflecting a decrease of 3.25%[4]. - The cash inflow from operating activities is 1,515,355,790.85, an increase from 1,223,386,365.88 in the previous period[18]. - The cash flow from investing activities is 1,714,637.00, compared to 1,700,976.93 in the previous period[19]. - The cash flow from financing activities shows a net inflow of 211,276,433.43, down from 354,292,666.44 in the previous period[20]. - The ending cash and cash equivalents balance is 378,630,130.41, down from 518,518,046.13 in the previous period[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,040,506,230.47, an increase of 1.29% from CNY 3,989,135,888.94 at the end of the previous year[4]. - Total current liabilities increased to ¥2,027,544,475.09 from ¥1,990,245,904.83, marking a growth of 1.9%[13]. - Accounts receivable increased to ¥675,267,944.62 from ¥529,017,632.76, representing a growth of 27.7%[12]. - Cash and cash equivalents decreased to ¥395,656,174.07 from ¥526,499,069.21, a decline of 25%[12]. - The company reported a net loss of ¥3,733,189,351.59 in retained earnings, slightly improved from a loss of ¥3,734,418,501.93[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 114,276[9]. - The top shareholder, Yang Jianxin, holds 11.16% of the shares, with a total of 173,805,848 shares, of which 130,806,386 are pledged[10]. Operational Highlights - The company experienced a 33.85% increase in inventory, amounting to CNY 141,705,205.01, attributed to stockpiling by a subsidiary[7]. - The company reported a 68.41% increase in credit impairment losses, totaling CNY 10,520,907.60, due to provisions for bad debts[7]. - The company plans to focus on market expansion and new product development in the upcoming quarters[14]. - The weighted average return on equity was 0.08%, recovering from -0.70% in the previous year[4]. - Total operating costs amounted to ¥1,573,437,356.01, up from ¥1,459,107,244.01, reflecting a rise of 7.8%[14]. - Inventory levels rose to ¥560,295,332.20, compared to ¥418,590,127.19, indicating a 34% increase[12]. - The other comprehensive income after tax attributable to the parent company is 20,850,013.68, a significant increase from 1,639,093.20 in the previous period[16].