CYG(SH:600525)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,792,319,764.54, representing a year-on-year increase of 17.32%[4] - The net profit attributable to shareholders decreased by 67.30% to CNY 15,832,562.55 compared to the same period last year[4] - The basic earnings per share for the period was CNY 0.0121, down 67.37% year-on-year[4] - Total revenue for Q1 2023 reached ¥1,792,319,764.54, an increase from ¥1,527,743,738.77 in Q1 2022, representing a growth of approximately 17.4%[22] - Net profit for Q1 2023 was ¥15,339,941.12, a significant decrease from ¥59,672,362.37 in Q1 2022, reflecting a decline of approximately 74.3%[23] - The net profit attributable to the parent company shareholders for Q1 2023 was CNY 15,832,562.55, compared to CNY 48,423,898.28 in Q1 2022, reflecting a significant decrease[24] - The total comprehensive income for Q1 2023 was CNY 62,479,695.68, up from CNY 58,845,570.66 in the same period last year[24] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at CNY -169,367,406.32, indicating cash outflow during the period[4] - Operating cash flow for Q1 2023 was negative CNY 169,367,406.32, an improvement from negative CNY 306,234,584.98 in Q1 2022[27] - Cash inflow from operating activities totaled CNY 1,908,120,973.27, compared to CNY 1,517,385,718.20 in Q1 2022, indicating a year-over-year increase of approximately 25.7%[26] - The company reported a cash and cash equivalents balance of CNY 536,220,938.36 at the end of Q1 2023, down from CNY 1,689,642,117.35 at the end of Q1 2022[28] - The company's cash and cash equivalents decreased to CNY 995,464,929.73 from CNY 1,090,407,851.69, reflecting a decline of approximately 8.7%[18] - The total cash inflow from financing activities was CNY 1,841,915,064.06, compared to CNY 1,523,229,684.00 in Q1 2022, reflecting a year-over-year increase of approximately 20.9%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,860,570,116.84, an increase of 0.62% from the end of the previous year[6] - The total assets as of Q1 2023 were ¥13,860,570,116.84, slightly up from ¥13,774,869,817.26 in the previous year[20] - The total liabilities rose to CNY 5,025,163,442.91 in Q1 2023, compared to CNY 4,809,378,656.11 in Q1 2022, marking an increase of about 4.5%[31] - Total liabilities for Q1 2023 were ¥8,240,265,193.41, a marginal increase from ¥8,220,443,114.51 in Q1 2022[20] Research and Development - Research and development expenses increased by 20.23% compared to the previous year, reflecting higher investment in innovation[9] - Research and development expenses in Q1 2023 amounted to ¥199,327,792.11, compared to ¥165,794,368.87 in Q1 2022, marking an increase of about 20.2%[23] - Research and development expenses for Q1 2023 were CNY 843,598.43, compared to CNY 737,643.09 in Q1 2022, indicating an increase of approximately 14.3%[32] Investment and Financial Strategy - The company reported a decrease in investment income by 57.76%, attributed to the absence of gains from previous acquisitions[9] - The company achieved an investment income of CNY 7,323,813.92 in Q1 2023, compared to CNY 1,840,450.53 in Q1 2022, representing an increase of approximately 297.5%[32] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] Other Financial Metrics - The weighted average return on equity was 0.31%, a decrease of 0.81 percentage points from the previous year[4] - The company completed a share buyback of CNY 200 million for its subsidiary, Daming Technology, during the reporting period[15] - The company recorded a comprehensive income of CNY 20,629,780.47 in Q1 2023, a significant recovery from a comprehensive loss of CNY 71,554,244.50 in Q1 2022[33]