Revenue and Profitability - Revenue for Q1 2023 was RMB 9,087,277, an increase of 38.9% compared to RMB 6,549,196 in Q1 2022[8] - Profit for the period was RMB 1,502,858, down 61.0% from RMB 3,860,735 in the same period last year[8] - Basic and diluted earnings per share decreased to RMB 0.42 from RMB 1.11, a decline of 62.2%[8] - The Group recorded a revenue of approximately RMB 9.09 million for the Reporting Period, representing an increase of approximately 38.78% from RMB 6.55 million for the same period last year[64] - Profit for the Reporting Period was approximately RMB 1.50 million, a decrease of approximately 61.14% from RMB 3.86 million for the same period last year[64] Operating Expenses - Operating expenses increased significantly to RMB 2,978,623 from RMB 1,360,679, reflecting a rise of 118.8%[8] - Administrative expenses rose to RMB 4,714,304, up 34.1% from RMB 3,516,700 in Q1 2022[8] - Operating expenses rose to approximately RMB 2.98 million, an increase of approximately 119.12% from RMB 1.36 million in the same period last year, primarily due to increased staff remuneration for the energy storage business[71] - Administrative expenses were approximately RMB 4.71 million, up approximately 33.81% from RMB 3.52 million in the same period last year, mainly due to increased staff remuneration for the energy storage business[72] Income and Gains - Other income and gains increased to RMB 3,672,742, compared to RMB 1,920,615, marking an increase of 91.1%[8] - The company reported a significant increase in grants from the government, rising to RMB 573,975 in Q1 2023 from RMB 25,798 in Q1 2022, a growth of 2,124.5%[40] - Other income and gains increased to approximately RMB 3.67 million, representing a growth of approximately 91.15% from RMB 1.92 million in the same period last year, attributed to tax refunds, operating lease income, bank interest income, and maintenance service income[70] Revenue Streams - Revenue from contracts with customers amounted to RMB 4,573,506, with significant contributions from energy storage solutions and general construction at RMB 4,435,260[38] - Finance lease income decreased to RMB 148,768 from RMB 577,088 year-over-year, indicating a decline of approximately 74.2%[38] - Income from sale-leaseback transactions was RMB 972,846, down from RMB 3,342,916, reflecting a decrease of about 70.9%[38] - Factoring income increased slightly to RMB 2,640,239 from RMB 2,576,810, showing a growth of approximately 2.5%[38] - Energy storage service income was reported at RMB 250,537, with no prior year comparison available[38] - The company generated RMB 501,381 from the provision of 5G base stations site space, marking a new revenue stream[38] Cost of Sales - Total cost of sales surged to RMB 3,967,039 in Q1 2023, compared to RMB 339,792 in Q1 2022, representing a significant increase of 1,065.5%[42] - Direct costs amounted to approximately RMB 3.97 million, a substantial increase of approximately RMB 3.63 million from RMB 0.34 million for the same period last year[65] Tax and Earnings - Income tax expense for Q1 2023 was RMB 741,696, down from RMB 1,383,707 in Q1 2022, showing a decrease of 46.4%[45] - Basic earnings per share for Q1 2023 were calculated based on a profit attributable to equity owners of RMB 2,068,159, compared to RMB 3,994,052 in Q1 2022[49] Business Development and Strategy - The company continues to engage in financial leasing, factoring, and advisory services, alongside expanding into medical equipment and energy storage sectors[10] - The increase in revenue was mainly attributed to the addition of the Energy Storage Business during the Reporting Period[64] - The Group is actively expanding its presence in the 5G Business by targeting the base station market for telecom operators in Guangdong[56] - The Group plans to further develop the 5G Business and the Energy Storage Business to broaden its revenue base[63] - The Energy Storage Business is expected to complete its self-owned energy storage integration and test production line in 2023[60] Shareholder Information - Shenzhen Zhonglian Financial Holding Investment Development Co., Ltd. holds 70,445,200 unlisted foreign shares, representing approximately 47.12% of the relevant class of shares and 19.60% of the total share capital[91] - Hainan Mujing Chengyuan Technology Partnership also holds 70,445,200 unlisted foreign shares, with the same percentages as Shenzhen Zhonglian[91] - Mr. Gong Changjiu has a beneficial interest in 70,445,200 unlisted foreign shares, equating to 47.12% of the relevant class and 19.60% of the total share capital[91] - Mr. Xu Dongsheng holds 70,445,200 unlisted foreign shares, representing 47.12% of the relevant class and 19.60% of the total share capital[93] - Beijing Youke Yu Technology Development Co., Ltd. owns 46,714,200 unlisted foreign shares, which is approximately 31.25% of the relevant class and 13.00% of the total share capital[93] - The Company has disclosed all significant shareholder interests as required under Section 336 of the SFO[97] Compliance and Governance - The company maintains compliance with the GEM Listing Rules regarding the interests of its Directors and Supervisors[3] - As of March 31, 2023, none of the Directors, Supervisors, or chief executives held any interests or short positions in the shares or debentures of the company[3] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the reporting period[8] - There are no competing interests reported by Directors or controlling shareholders as of March 31, 2023[3]
富银融资股份(08452) - 2023 Q1 - 季度财报