SHCF(SH:600621)2023-04-23 16:00Financial Performance - The net profit attributable to the parent company's shareholders for Q1 2023 was ¥86,757,261.63, compared to ¥80,568,250.70 in Q1 2022, representing an increase of approximately 8.3%[13] - The comprehensive income total for Q1 2023 was ¥105,288,635.99, compared to ¥79,180,424.23 in Q1 2022, marking an increase of approximately 33.0%[13] - The diluted earnings per share remained stable at ¥0.08 for both Q1 2023 and Q1 2022[13] - Total revenue for Q1 2023 was ¥522,744,062.60, a decrease of 17.4% compared to ¥632,875,451.10 in Q1 2022[29] - Interest income for Q1 2023 was ¥164,494,423.32, down from ¥170,423,824.33 in Q1 2022, reflecting a decline of 5.4%[29] - Total operating revenue for the reporting period was ¥522,744,062.60, representing a decrease of 17.40% compared to the same period last year[59] - Operating income for the reporting period was ¥4,384,085.02, showing a significant decline of 84.23% year-over-year[59] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,004,814.14, reflecting a growth of 5.98% year-over-year[59] Assets and Liabilities - The total assets as of the end of Q1 2023 amounted to ¥38,882,618,467.88, up from ¥35,035,478,696.98 at the end of Q1 2022, indicating a growth of about 8.1%[11] - The total liabilities increased to ¥26,452,441,379.69 in Q1 2023 from ¥22,746,531,276.22 in Q1 2022, reflecting a rise of approximately 16.5%[11] - The total equity attributable to the parent company's shareholders increased to ¥12,430,177,088.19 from ¥11,288,947,420.76, reflecting a growth of approximately 10.1%[11] - The total liabilities increased to ¥31,242,451,109.03 in Q1 2023, up from ¥27,500,659,133.58 in Q1 2022, reflecting a growth of 9.9%[29] - Total equity attributable to shareholders rose to ¥7,519,364,104.58 in Q1 2023, compared to ¥7,414,872,410.95 in Q1 2022, an increase of 1.4%[29] Cash Flow - The company's cash and cash equivalents decreased to ¥1,564,036,354.23 from ¥2,295,753,993.12, a decline of about 31.9%[11] - The net cash inflow from investment activities was 315,742,937.75 RMB, compared to 165,386,002.46 RMB in the previous period, indicating a significant increase[15] - The net cash outflow from investment activities amounted to 22,852,715.39 RMB, a decrease from a net inflow of 62,110,972.63 RMB in the previous period[15] - The net cash flow from financing activities was -836,339,273.09 RMB, a decline from a net inflow of 1,349,770,971.18 RMB in the previous period[15] - Net cash flow from operating activities for Q1 2023 was -¥963,946,419.05, compared to a positive cash flow of ¥164,296,423.57 in Q1 2022[32] - Cash inflow from operating activities totaled ¥7,131,757,859.69 in Q1 2023, significantly higher than ¥3,557,807,501.78 in Q1 2022, marking an increase of 100.1%[32] - Cash outflow from operating activities was ¥8,095,704,278.74 in Q1 2023, compared to ¥3,393,511,078.21 in Q1 2022, representing an increase of 138.5%[32] - The net increase in cash and cash equivalents was -1,824,192,794.23 RMB, compared to an increase of 1,576,044,649.51 RMB in the previous period[15] Shareholder Information - The top shareholder, Shanghai Yidian (Group) Co., Ltd., holds 34.12% of the shares, totaling 361,974,793 shares[62] - The second-largest shareholder, Huaxin Real Estate (Group) Co., Ltd., owns 13.15% of the shares, amounting to 139,517,522 shares[62] Regulatory and Operational Changes - The company received approval from the China Securities Regulatory Commission for a change in the actual controller of Morgan Stanley Huaxin Fund Management Co., Ltd. on February 3, 2023[8] - The company is implementing new accounting standards starting from 2023, which may affect the financial statements[33] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions during this reporting period[63] Research and Development - Research and development expenses increased to approximately CNY 4.83 million from CNY 3.38 million year-over-year[50]