TAIJI GROUP(SH:600129)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,427,245,377.14, representing a 25.27% increase compared to CNY 3,534,245,541.53 in the same period last year[4] - Net profit attributable to shareholders was CNY 234,964,030.36, a significant increase of 991.16% from CNY 21,533,423.14 in the previous year[4] - Basic and diluted earnings per share reached CNY 0.42, up 950.00% from CNY 0.04 in the same period last year[4] - The weighted average return on equity increased by 6.61 percentage points to 7.40% compared to 0.79% in the previous year[4] - Total operating revenue for Q1 2023 reached RMB 4,427,245,377.14, an increase of 25.3% compared to RMB 3,534,245,541.53 in Q1 2022[14] - Total operating costs for Q1 2023 were RMB 4,128,707,044.10, up from RMB 3,435,516,881.19 in Q1 2022, reflecting a growth of 20.2%[14] - Net profit for Q1 2023 reached ¥236,597,822.43, a significant increase from ¥19,362,960.82 in Q1 2022, representing a growth of approximately 1,122%[15] - Revenue from sales of goods and services amounted to ¥3,589,221,222.00, up from ¥2,970,296,954.17 in the same quarter last year, indicating a year-over-year increase of about 21%[17] - Total comprehensive income for Q1 2023 was ¥236,579,781.70, compared to ¥19,355,029.97 in Q1 2022, showing an increase of approximately 1,223%[16] - Operating profit for the quarter was ¥283,030,582.49, a significant rise from ¥23,339,076.77 in the previous year, representing an increase of about 1,115%[15] Cash Flow and Assets - Cash flow from operating activities generated a net amount of CNY 238,520,917.50, a 227.59% increase from CNY 72,810,990.11 in the previous year[4] - Current assets totaled RMB 7,971,061,940.39 as of March 31, 2023, down from RMB 8,339,052,767.30 at the end of 2022, a decrease of 4.4%[11] - Cash and cash equivalents decreased to RMB 1,758,767,672.48 from RMB 2,374,432,028.57, a decline of 26.0%[11] - Accounts receivable increased to RMB 2,637,162,023.74, up 31.8% from RMB 2,001,104,912.10 in the previous year[11] - Total assets at the end of the reporting period were CNY 14,639,006,510.61, a decrease of 1.73% from CNY 14,896,326,064.64 at the end of the previous year[4] - Total liabilities decreased to RMB 11,476,764,124.54 from RMB 11,969,326,021.98, a reduction of 4.1%[13] - Non-current assets increased to RMB 6,667,944,570.22 from RMB 6,557,273,297.34, reflecting a growth of 1.7%[12] - The company reported a decrease in investment income, with a loss of ¥890,359.92 compared to a gain of ¥2,340,601.22 in Q1 2022[15] - The net cash flow from investing activities was -162,163,428.82, compared to -114,616,895.69 in the previous year, indicating a significant increase in cash outflow[18] - The total cash and cash equivalents at the end of the period amounted to 1,354,013,486.49, an increase from 809,347,247.66 year-over-year[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,702, with the largest shareholder holding 27.62% of the shares[8] - Shareholder equity attributable to shareholders increased by 7.64% to CNY 3,290,527,503.99 from CNY 3,056,913,540.43 at the end of the previous year[4] Expenses and Investments - Research and development expenses increased to ¥38,026,695.20, compared to ¥19,324,301.49 in Q1 2022, reflecting a growth of approximately 97%[15] - Tax expenses for the quarter were ¥47,735,484.37, compared to ¥5,516,338.30 in Q1 2022, indicating an increase of approximately 767%[15] - The company reported cash outflows for the acquisition of fixed assets and intangible assets totaling 183,126,713.50, compared to 145,099,458.79 in the previous year, marking an increase of approximately 26.2%[18] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[10]