Polaris Bay (SH:600155)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 741,673,490.36, representing a year-on-year increase of 56.21%[4] - The net profit attributable to shareholders for Q1 2023 was RMB 134,812,411.25, showing a significant increase of 396.97% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 128,391,066.85, reflecting a 491.13% increase year-on-year[4] - Basic earnings per share for Q1 2023 were RMB 0.06, which is a 200.00% increase compared to the previous year[4] - Operating profit for Q1 2023 was RMB 194.36 million, compared to RMB 44.11 million in Q1 2022, reflecting a growth of 340.56%[14] - Net profit for Q1 2023 was RMB 135.44 million, up 376.61% from RMB 28.54 million in Q1 2022[15] Cash Flow - The net cash flow from operating activities was negative at RMB -263,515,171.25, a decrease of 113.45% compared to the same period last year[4] - The company reported a net cash outflow from operating activities of RMB 263.52 million in Q1 2023, contrasting with a net inflow of RMB 1.96 billion in Q1 2022[16] - Investment activities generated a net cash inflow of RMB 294.33 million in Q1 2023, compared to RMB 91.23 million in Q1 2022[17] - Cash inflow from financing activities totaled $1,180,400,000.00, compared to $174,800,000.00 in the previous period, indicating a significant increase[18] - Cash outflow from financing activities amounted to $1,528,229,502.51, up from $266,412,688.83, reflecting a substantial rise in financing costs[18] - Net cash flow from financing activities was -$347,829,502.51, worsening from -$91,612,688.83 in the prior period[18] - The net increase in cash and cash equivalents was -$317,014,332.00, a sharp decline compared to an increase of $1,959,265,795.65 previously[18] - The ending balance of cash and cash equivalents stood at $9,909,156,759.90, down from $12,552,459,754.22[18] Assets and Liabilities - Total assets at the end of Q1 2023 were RMB 53,271,307,664.48, an increase of 1.17% from the end of the previous year[4] - The total liabilities increased to 33.76 billion yuan from 33.05 billion yuan at the end of 2022[13] - The company's equity attributable to shareholders decreased to 19.44 billion yuan from 19.52 billion yuan at the end of 2022[13] - The company's cash and cash equivalents reached 8.33 billion yuan, slightly up from 8.29 billion yuan at the end of 2022[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,352[7] - The top ten shareholders held a total of 1,000,000,000 shares, with the largest shareholder holding 128,993,603 shares, accounting for 5.70% of the total[8] - The company reported a total of 41,241,103 shares repurchased, accounting for 1.82% of the total share capital[10] - The highest transaction price for repurchased shares was 8.87 yuan per share, while the lowest was 7.11 yuan per share[10] Non-Recurring Gains and Other Income - The company reported non-recurring gains of RMB 6,421,344.40 after tax for Q1 2023[5] - Other comprehensive income after tax for Q1 2023 was negative at RMB 551,629.96, compared to positive RMB 850,576.34 in Q1 2022[15] Share Repurchase Program - The company initiated its fifth share repurchase program with a scale of no less than 200 million yuan and up to 400 million yuan, with a maximum repurchase price of 14.21 yuan per share[10]