GBIAC(SH:600004)2023-04-18 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,359,270,870.50, representing a year-on-year increase of 9.71%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 44,726,227.50, with a net profit excluding non-recurring gains and losses of CNY 38,262,999.79[5] - The company reported a net cash flow from operating activities of RMB 251,852,443.52, up from RMB 177,793,365.01 in the same period last year, indicating improved cash generation[20] - Net profit for Q1 2023 was RMB 51,150,627.10, a significant recovery from a net loss of RMB 77,106,896.98 in Q1 2022[19] - The company recorded a total comprehensive income of RMB 49,211,959.15, compared to a loss of RMB -77,753,119.63 in the previous year[19] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 26,933,919,195.19, showing a slight decrease of 0.03% from the end of the previous year[6] - The company's total assets amounted to approximately CNY 26.93 billion, a slight decrease from CNY 26.94 billion at the end of 2022[15] - The total liabilities reached 11,519,228,663.24 RMB, an increase from 11,258,606,804.25 RMB, representing a rise of 2.3%[23] - The company's total liabilities decreased to approximately CNY 9.48 billion from CNY 9.53 billion, a reduction of about 0.6%[17] Equity and Shareholder Information - The equity attributable to shareholders increased to CNY 17,233,291,049.97, marking a growth of 0.25% from the previous year-end[6] - The total number of ordinary shareholders at the end of the reporting period was 55,132[10] - The equity attributable to shareholders increased to approximately CNY 17.23 billion from CNY 17.19 billion, reflecting a growth of about 0.2%[17] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 306,800,063.00, up from CNY 298,258,519.26 in Q1 2022[27] - The cash inflow from operating activities totaled RMB 1,441,689,276.53, down from RMB 1,572,672,569.83 in Q1 2022[20] - The cash and cash equivalents at the end of the period were 2,268,389,947.13 RMB, compared to 1,374,343,322.26 RMB, marking a significant increase of 65.0%[21] Expenses and Investments - Research and development expenses increased by 63.89% due to intensified R&D efforts by subsidiaries[9] - The company's financial expenses in Q1 2023 were CNY 37,946,556.80, compared to CNY 34,489,850.34 in Q1 2022, with interest expenses significantly rising to CNY 46,328,783.72 from CNY 6,786,863.90[25] - The company reported a significant increase in investment income from joint ventures, amounting to CNY 14,073,387.48 in Q1 2023, down from CNY 33,979,730.80 in Q1 2022[25] Operational Highlights - The company's current assets increased to approximately CNY 3.78 billion from CNY 3.48 billion, reflecting a growth of about 8.6% year-over-year[15] - Accounts receivable increased by 24.95% primarily due to a rise in revenue and normal business collection cycles[9] - Prepayments surged by 224.28%, mainly attributed to advance payments for goods procurement[9] - The company has announced plans to engage in securities lending activities, with a maximum of 47.34 million shares available for lending, representing 2% of its A-share capital[13] Other Financial Metrics - The company's inventory increased to approximately CNY 62.23 million from CNY 60.43 million, showing a growth of about 2.9%[15] - The company experienced a credit impairment loss of CNY 26,382,443.26 in Q1 2023, compared to a gain of CNY 14,308,154.31 in Q1 2022[25] - The company's retained earnings decreased to 2,509,902,205.95 RMB from 2,528,825,848.77 RMB, a decline of 0.6%[24] - The company maintained a stable capital reserve of 9,704,690,795.70 RMB, unchanged from the previous year[24]