YTO(SH:600233)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 reached CNY 1,291,401.58 million, representing a year-on-year increase of 9.19%[6] - The net profit attributable to shareholders was CNY 90,578.53 million, reflecting a growth of 4.08% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 87,488.30 million, up by 6.62% year-on-year[6] - The basic earnings per share for the period was CNY 0.2632, an increase of 3.91% from the previous year[6] - The company's net profit for Q1 2023 reached CNY 920,797,474.85, an increase of 3.9% compared to CNY 892,744,728.35 in Q1 2022[18] - Operating profit for Q1 2023 was CNY 1,204,159,160.28, slightly up from CNY 1,162,260,207.28 in the previous year[18] - The company reported a total comprehensive income of CNY 906,266,871.19, compared to CNY 882,916,284.41 in the previous year, reflecting a growth of 2.9%[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 133,187.63 million, showing a significant increase of 35.84%[6] - Cash and cash equivalents as of March 31, 2023, amounted to ¥8.79 billion, a significant increase from ¥7.39 billion at the end of 2022, reflecting improved liquidity[14] - The net cash flow from operating activities was CNY 1,331,876,333.60, a significant increase of 35.7% compared to CNY 980,489,950.53 in Q1 2022[21] - Cash and cash equivalents at the end of the period totaled CNY 8,724,919,568.56, an increase from CNY 6,006,045,206.88 at the end of Q1 2022[21] - The company incurred a net increase in cash flow from financing activities of CNY 558,080,718.92, compared to CNY 258,740,626.44 in Q1 2022, marking a growth of 116.5%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,032,248.75 million, up 2.71% from the end of the previous year[6] - Total assets as of March 31, 2023, were ¥40.32 billion, compared to ¥39.26 billion at the end of 2022, indicating growth in the asset base[17] - The total liabilities increased from ¥12.06 billion at the end of 2022 to ¥12.21 billion in Q1 2023, reflecting a rise in short-term borrowings[16] - The company’s total liabilities and shareholders' equity combined were approximately CNY 39.26 billion[25] - Current liabilities totaled approximately CNY 11.27 billion, with accounts payable at CNY 4.22 billion and contract liabilities at CNY 1.43 billion[24] Shareholders' Equity - The equity attributable to shareholders increased to CNY 2,758,497.17 million, a rise of 3.42% compared to the previous year[6] - The company’s equity attributable to shareholders rose to ¥27.58 billion in Q1 2023 from ¥26.67 billion in the previous quarter, indicating a strengthening balance sheet[16] - Shareholders' equity amounted to approximately CNY 27.19 billion, with retained earnings at CNY 11.68 billion[25] Operating Costs and Expenses - Total operating costs for Q1 2023 were ¥11.81 billion, up 10% from ¥10.73 billion in Q1 2022[17] - Research and development expenses for Q1 2023 were ¥16.10 million, down from ¥19.96 million in Q1 2022, suggesting a potential focus on cost management in R&D[17] Non-Recurring Gains - The company reported a non-recurring gain of CNY 30,902,265.98, primarily from government subsidies and investment income[8] - The company reported a decrease in other comprehensive income, with a net amount of CNY -14,530,603.66 compared to CNY -9,828,443.94 in Q1 2022[18] Operational Efficiency - The increase in operating revenue was mainly driven by growth in express delivery volume[9] - The company reported a decrease in accounts receivable from ¥963.48 million in December 2022 to ¥1.10 billion in March 2023, suggesting improved collection efficiency[14]