GDMZH(SH:600382)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 170,910,413.15, a decrease of 14.65% compared to the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was CNY 77,538,199.65, an increase of 32.37% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,262,667.82, reflecting a 32.03% increase compared to the previous year[5]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.10, representing a 25.00% increase year-on-year[5]. - The net profit for Q1 2023 was CNY 77,625,756.03, representing a 33% increase compared to CNY 58,355,163.95 in Q1 2022[22]. - Operating profit for Q1 2023 was CNY 104,515,786.85, up from CNY 84,721,071.15 in the same period last year, indicating a growth of approximately 23%[22]. - The total comprehensive income for Q1 2023 was CNY 77,625,756.03, compared to CNY 58,355,163.95 in Q1 2022, indicating a growth of approximately 33%[22]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -20,603,117.66, which is not applicable for year-on-year comparison[5]. - Cash flow from operating activities showed a net outflow of CNY 20,603,117.66, an improvement from a net outflow of CNY 175,858,710.55 in Q1 2022[23]. - The company reported a cash and cash equivalents balance of CNY 279,865,324.19 at the end of Q1 2023, compared to CNY 469,564,787.93 at the end of Q1 2022[24]. - The company experienced a net cash inflow from financing activities of CNY 85,701,947.66 in Q1 2023, a significant recovery from a net outflow of CNY 161,814,289.84 in Q1 2022[24]. - The company maintained a stable cash position, ensuring liquidity for operational needs and potential investments[27]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 4,294,126,679.28, an increase of 2.92% from the end of the previous year[5]. - Total current assets reached ¥2,469,198,493.87, an increase of 5.4% from ¥2,343,159,693.48 at the end of 2022[17]. - Total liabilities increased to ¥525,292,895.11 in Q1 2023, compared to ¥483,886,041.76 in Q4 2022, marking a rise of 8.5%[18]. - The company's total assets amounted to ¥4,294,126,679.28 as of March 31, 2023, up from ¥4,172,145,883.71 at the end of 2022, reflecting a growth of 2.9%[20]. - Current liabilities totaled approximately 344.81 million, with short-term borrowings at 162.58 million and accounts payable at 57.99 million[30]. - Total liabilities amounted to approximately 487.94 million, with non-current liabilities at 143.13 million[31]. Operational Highlights - The mining subsidiary, Mingzhu Mining, achieved operating revenue of CNY 169,383,400 in Q1 2023, with a net profit of CNY 80,678,700, up 1.15% year-on-year[14]. - The company plans to focus resources on the mining business and enhance internal control systems to improve governance and operational efficiency[14]. - The company aims to accelerate the sale of debt assets and manage litigation cases to minimize losses and protect shareholder interests[14]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[19]. Cost Management - Total operating costs for Q1 2023 were ¥68,265,629.10, down 41.5% from ¥116,935,018.35 in Q1 2022[21]. - The net profit margin for Q1 2023 improved significantly due to reduced operating costs, although specific net profit figures were not disclosed[21]. - The company reported a decrease in cash outflow for purchasing goods and services, which was CNY 66,502,635.89 in Q1 2023, down from CNY 146,935,272.01 in Q1 2022[23]. Accounting and Reporting - The company is implementing new accounting standards effective from January 1, 2023, which may impact future financial reporting[25].