Xiangyu(SH:600057)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 12,915.02 million, representing a 13.43% increase compared to CNY 11,386.37 million in the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was CNY 54.64 million, up 14.52% from CNY 46.63 million year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 4.49 million, a significant decrease of 93.56% from CNY 68.71 million in the previous year[5]. - Total revenue for Q1 2023 reached ¥129.15 billion, an increase of 13.5% compared to ¥113.86 billion in Q1 2022[43]. - Net profit for Q1 2023 was ¥758.47 million, compared to ¥708.25 million in Q1 2022, representing a growth of 7.1%[46]. - The net profit attributable to the parent company was approximately 546.36 million, compared to 477.09 million in the previous period, reflecting an increase of 14.5%[47]. - The total comprehensive income amounted to approximately 742.81 million, up from 699.90 million, indicating a growth of 6.1%[47]. Assets and Liabilities - The company's total assets at the end of the reporting period reached CNY 13,850.78 million, marking a 20.33% increase from CNY 11,505.64 million at the end of the previous year[17]. - Total assets as of the latest reporting period amounted to ¥138.51 billion, up from ¥115.11 billion, indicating a growth of 20.3%[43]. - Total liabilities increased to ¥101.77 billion from ¥78.73 billion, reflecting a rise of 29.2%[43]. - The company’s total liabilities increased significantly, with borrowings received amounting to approximately 50.57 billion, compared to 36.85 billion in the previous period, an increase of 37.3%[50]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 2,580.75 million, compared to -CNY 2,349.96 million in the same period last year[5]. - The company reported a decrease in other comprehensive income attributable to the parent company, amounting to approximately -30.57 million, compared to -8.14 million in the previous period[47]. - Cash flow from investment activities showed a net inflow of approximately 1.24 billion, a significant improvement from a net outflow of 925.34 million in the previous period[50]. - Cash flow from financing activities generated a net inflow of approximately 21.32 billion, compared to 20.29 billion in the previous period, marking an increase of 5.1%[50]. - The cash and cash equivalents at the end of the period were approximately 12.34 billion, up from 6.49 billion, indicating a growth of 90.5%[50]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,354[8]. - The company plans to grant 6.0871 million restricted stocks to 59 eligible incentive objects at a price of CNY 5.36 per share[11]. - Basic earnings per share increased to 0.23 yuan, compared to 0.20 yuan in the previous period, representing a rise of 15%[47]. Investments and Subsidiaries - The company recognized an investment loss of CNY 148 million from its 9.9% stake in Harbin Rural Commercial Bank, which reported a provision for bad loans of CNY 1.62 billion in Q1 2023[35]. - The company plans to transfer its entire stake in Harbin Rural Commercial Bank to its controlling shareholder, Xiamen Xiangyu Group, aiming for completion by the end of 2023[35]. Inventory and Current Assets - As of March 31, 2023, the company's total current assets reached CNY 120.47 billion, up from CNY 97.22 billion at the beginning of the year, indicating a growth of approximately 24%[39]. - The company reported a total of CNY 45.72 billion in inventory as of March 31, 2023, significantly increasing from CNY 28.52 billion at the beginning of the year, representing a growth of approximately 60.4%[39].