BTH(SH:600640)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥480,114,252.64, representing a decrease of 44.28% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was ¥24,418,915.34, showing a significant improvement of 337.8% year-on-year[5][9]. - The company reported a net loss for Q1 2023, with total operating costs exceeding total operating revenue[19]. - The total profit for Q1 2023 was ¥27,446,003.91, while the total loss in Q1 2022 was ¥3,272,381.54, reflecting a positive turnaround in financial performance[21]. - Revenue from sales of goods and services in Q1 2023 reached ¥1,202,821,328.87, up from ¥1,113,682,118.46 in Q1 2022, representing an increase of approximately 8.3%[23]. - The basic and diluted earnings per share for Q1 2023 were both ¥0.0307, recovering from a loss of ¥0.0129 per share in Q1 2022[21]. - The total comprehensive income for Q1 2023 was ¥24,975,844.72, compared to a comprehensive loss of ¥9,709,836.68 in Q1 2022, highlighting a strong recovery[21]. Cash Flow and Assets - The net cash flow from operating activities increased to ¥192,759,770.30, indicating a positive trend in cash generation[5]. - Cash and cash equivalents as of March 31, 2023, were RMB 946,472,485.24, slightly down from RMB 948,686,517.63 at the end of 2022[15]. - The company reported a net cash outflow from investing activities of ¥193,866,690.29 in Q1 2023, compared to a net outflow of ¥210,195,000.03 in Q1 2022, indicating a slight improvement[24]. - The cash and cash equivalents at the end of Q1 2023 were ¥945,614,822.30, down from ¥1,171,482,223.69 at the end of Q1 2022, indicating a decrease of about 19.2%[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,641[11]. - The largest shareholder, China Telecom Group Co., Ltd., held 51.16% of the shares[11]. - Shareholders' equity increased to RMB 4,459,553,464.68 from RMB 4,434,577,619.96, showing a growth of 0.6%[17]. Operational Efficiency - The company is focusing on optimizing its business structure and enhancing high-value services, which contributed to the revenue decline[9]. - The company plans to continue expanding its key business areas and improving operational efficiency moving forward[9]. - The weighted average return on net assets was 0.6158% for the reporting period[6]. - The company’s total operating expenses in Q1 2023 were ¥13,092,178.59 for selling expenses, which increased from ¥5,690,904.14 in Q1 2022, reflecting a rise of approximately 130.5%[24]. Costs and Liabilities - Total operating costs for Q1 2023 were RMB 507,494,466.55, down from RMB 862,575,308.03 in Q1 2022, reflecting a decrease of 41.2%[19]. - Total liabilities decreased to RMB 1,014,916,634.84 from RMB 1,047,162,105.82, reflecting a reduction of 3.1%[17]. - Accounts receivable decreased to RMB 419,141,563.19 from RMB 607,775,866.26, indicating a reduction of 30.9%[15]. Research and Development - Research and development expenses for Q1 2023 were ¥20,059,070.18, down from ¥36,627,998.67 in Q1 2022, showing a reduction of about 45.1%[24]. Strategic Initiatives - The company has not disclosed any new product launches or significant market expansion strategies during the reporting period[19]. - There were no strategic investors or general corporations participating in the new share placement during the reporting period[12].