CGA(SH:600297)2023-04-27 16:00Financial Performance - The net profit for the current period was ¥604.92 million, down from ¥828.55 million in the previous period, representing a decrease of 27.06%[19]. - The total profit for the current period was approximately ¥773.00 million, compared to ¥1.14 billion in the previous period, indicating a decline of 32.38%[18]. - The net profit attributable to shareholders of the listed company was RMB 529,981,574.14, down 20.52% year-over-year[55]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 469,847,546.67, a decline of 25.72% compared to the same period last year[55]. - The company reported a comprehensive income total of RMB 677,177,367.06 for Q1 2023, down from RMB 860,248,902.58 in Q1 2022[48]. Assets and Liabilities - Total assets decreased from ¥126,290,019,232.93 to ¥123,904,537,464.38, reflecting a decline of approximately 1.9%[16]. - Total liabilities decreased from ¥67,019,963,033.15 to ¥63,399,362,681.59, a reduction of about 5.0%[16]. - The total liabilities of the company amounted to RMB 79,237,349,008.28, a decrease from RMB 82,215,772,635.30 in the previous period[44]. - The total equity attributable to shareholders of the parent company was RMB 39,455,644,205.51, an increase from RMB 38,919,720,935.79[44]. Cash Flow - The net cash flow from operating activities was negative at RMB -2,223,820,411.49 for the reporting period[55]. - The company reported a cash inflow from operating activities of CNY 35,220,731,247.36 in Q1 2023, compared to CNY 40,126,475,564.96 in Q1 2022, reflecting a decrease of approximately 12.5%[72]. - The net cash flow from investing activities was CNY 1,958,709,353.00 in Q1 2023, significantly lower than CNY 7,935,352,208.02 in Q1 2022, indicating a decrease of about 75.3%[74]. - The company achieved a net cash flow from financing activities of CNY 1,383,193,109.22 in Q1 2023, a turnaround from a negative cash flow of CNY -223,744,286.10 in Q1 2022[74]. - The total cash and cash equivalents at the end of Q1 2023 stood at CNY 4,732,929,947.44, down from CNY 6,167,917,708.30 at the end of Q1 2022, representing a decrease of approximately 23.3%[74]. - The company’s net increase in cash and cash equivalents for Q1 2023 was CNY 1,117,824,872.48, contrasting with a decrease of CNY -1,039,393,081.68 in Q1 2022[74]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 108,121, with the largest shareholder holding 31.14%[7]. - The company has repurchased a total of 19,220,000 shares, accounting for 0.2370% of the total share capital, with a total payment of RMB 42,994,984 as of March 31, 2023[38]. - The company plans to repurchase between 60 million and 80 million shares within a 6-month period from the board's approval date[38]. - The company’s major shareholders include Xinjiang Guanghui Industrial Investment Group Co., Ltd., holding 2,526,119,613 shares, and China Grand Automotive (Mauritius) Limited, holding 1,621,932,099 shares[60]. Income and Expenses - Other income surged by 330.35% to ¥2,374,943,273.13, mainly attributed to an increase in government subsidies[5]. - The company reported a significant increase in non-operating income by 84.63% due to an increase in litigation compensation received[5]. - The company reported a financial expense of approximately ¥661.00 million, an increase from ¥639.36 million in the previous period[18]. - The total operating cost for the current period was approximately ¥30.64 billion, compared to ¥28.12 billion in the previous period, reflecting an increase of 8.93%[18]. - The company recognized investment income of approximately ¥16.27 million, compared to a loss of ¥8.31 million in the previous period[18]. - The company recorded a loss from the disposal of non-current assets amounting to CNY 22,432,817.84 during the reporting period[56]. Investment and Expansion - Investment income increased by 295.87% to ¥1,624,485,327.49, primarily from the disposal of certain stores[5]. - The company plans to continue expanding its market presence and investing in new technologies and products[12]. - The company’s subsidiary completed the issuance of corporate bonds totaling RMB 5 billion with a maturity of 2 years and a coupon rate of 7.7%[40]. - The company plans to implement an employee stock ownership plan involving up to 6,500,000 shares, which is about 0.80% of the total share capital[63].