CRCH(SH:600636)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥57,460,244.67, representing a year-on-year increase of 29.00%[5] - The net profit attributable to shareholders for the same period was ¥4,851,478.37, reflecting a significant increase of 133.06% compared to the previous year[5] - The basic earnings per share for Q1 2023 was ¥0.0110, which is an increase of 134.04% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥2,871,110.56, up by 87.86% year-on-year[5] - Net profit for Q1 2023 reached CNY 4,851,478.37, a significant increase from CNY 2,081,608.60 in Q1 2022, representing a growth of approximately 133.5%[18] - Total operating revenue for Q1 2023 was CNY 92,861,939.69, compared to CNY 69,421,569.02 in Q1 2022, indicating a year-over-year increase of about 33.9%[22] - The total operating profit for Q1 2023 was CNY 4,897,861.77, significantly higher than CNY 2,166,004.15 in Q1 2022, representing an increase of about 126.2%[18] - The company's operating profit for Q1 2023 was ¥128,139,083.37, compared to ¥106,406,655.63 in Q1 2022, marking an increase of about 20.4%[26] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥50,689,879.95, indicating a cash outflow during the quarter[5] - The net cash flow from operating activities for Q1 2023 was -CNY 14,343,013.89, compared to -CNY 12,163,950.29 in the same period last year, indicating a worsening of approximately 18%[29] - Cash inflow from investment activities in Q1 2023 was CNY 201,376,219.18, up from CNY 146,179,006.35 in Q1 2022, marking an increase of approximately 37.8%[22] - The company reported a net decrease in cash and cash equivalents of -CNY 264,920,423.27 in Q1 2023, compared to -CNY 119,511,305.35 in Q1 2022, indicating a decline of about 121%[29] - As of the end of Q1 2023, the company's cash and cash equivalents stood at CNY 53,387,729.41, down from CNY 133,161,986.67 at the end of Q1 2022, a decrease of approximately 60%[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,781,922,942.38, a decrease of 2.15% from the end of the previous year[6] - Total current assets decreased to ¥1,463,603,011.78 from ¥1,525,017,384.43, indicating a reduction of about 4%[13] - Total liabilities decreased to ¥91,949,705.46 from ¥157,869,177.09, a reduction of approximately 42%[15] - Total assets as of March 31, 2023, were ¥2,781,922,942.38, down from ¥2,843,079,840.33, reflecting a decrease of about 2%[15] - The company's total liabilities amounted to CNY 157,869,177.09, a decrease from CNY 160,032,125.34 at the end of 2022, reflecting a reduction of about 1%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,551[10] - The largest shareholder, China Cultural Industry Development Group Co., Ltd., holds 25.02% of the shares[10] Operational Costs and Expenses - Total operating costs for Q1 2023 were ¥66,885,895.34, up from ¥54,663,763.10 in Q1 2022, reflecting a significant increase in operational expenses[17] - The company reported a net profit margin decline due to increased costs, with operating costs rising faster than revenue growth[17] - Research and development expenses rose to CNY 20,266,591.93 in Q1 2023, up from CNY 19,371,707.91 in Q1 2022, reflecting an increase of approximately 4.6%[18] - Sales expenses for Q1 2023 were CNY 18,137,828.17, compared to CNY 17,835,976.15 in Q1 2022, showing a slight increase of about 1.7%[18] Strategic Focus - The company is focusing on expanding its market presence and developing new products to enhance future growth prospects[17] - The company continues to focus on investment activities, with a significant cash outflow of CNY 450,000,000.00 for investments in Q1 2023, compared to CNY 250,000,000.00 in Q1 2022, indicating a strategic push for growth[29]