AJ GROUP(SH:600643)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 292,776,297.68, representing a decrease of 26.48% compared to the same period last year[5]. - Total operating income decreased by 44.81% year-on-year to CNY 498,762,128.31[5]. - Net profit attributable to shareholders was CNY 212,379,903.68, down 28.69% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 47.91% to CNY 102,172,165.86[5]. - Basic and diluted earnings per share were both CNY 0.132, a decrease of 28.65%[6]. - Total revenue for Q1 2023 was CNY 498,762,128.31, a decrease from CNY 903,648,546.35 in Q1 2022[20]. - Operating income decreased to CNY 292,776,297.68 from CNY 398,249,094.18 year-over-year[22]. - Net profit for Q1 2023 was CNY 212,342,336.84, down from CNY 297,779,046.15 in the same period last year[22]. - The net profit attributable to the parent company for Q1 2023 was approximately ¥212.38 million, a decrease from ¥297.83 million in Q1 2022, representing a decline of about 28.7%[23]. - The total comprehensive income for Q1 2023 was approximately ¥211.95 million, compared to ¥297.91 million in Q1 2022, indicating a decrease of approximately 28.8%[23]. Cash Flow - The net cash flow from operating activities increased by 19.34% to CNY 243,822,720.87[5]. - Cash inflows from operating activities totaled approximately ¥1.29 billion in Q1 2023, down from ¥1.48 billion in Q1 2022, a decrease of about 12.4%[26]. - The net cash flow from operating activities for Q1 2023 was approximately ¥243.82 million, an increase of about 19.4% compared to ¥204.30 million in Q1 2022[26]. - Cash inflows from investment activities in Q1 2023 amounted to approximately ¥1.64 billion, significantly higher than ¥1.13 billion in Q1 2022, representing an increase of about 44.7%[27]. - The net cash flow from investment activities for Q1 2023 was approximately ¥190.76 million, a substantial improvement from a net outflow of approximately ¥1.25 billion in Q1 2022[27]. - Cash outflows from financing activities in Q1 2023 were approximately ¥3.03 billion, compared to ¥2.20 billion in Q1 2022, indicating an increase of about 37.5%[27]. - The ending balance of cash and cash equivalents as of March 31, 2023, was approximately ¥1.18 billion, down from ¥1.28 billion at the end of 2022, a decrease of about 7.4%[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 25,825,872,187.41, down 2.67% from the end of the previous year[6]. - Total liabilities decreased to CNY 13,147,333,881.13 from CNY 14,068,079,647.59[18]. - Non-current assets totaled CNY 13,802,267,153.13, down from CNY 14,655,096,650.53[18]. - Current liabilities decreased to CNY 7,441,384,078.00 from CNY 8,498,651,875.80[18]. - The company's total liabilities increased, with a notable rise in short-term borrowings, reflecting ongoing financing activities to support operations and investments[28]. - The company's total assets decreased from CNY 12,000,134,633.35 in Q1 2022 to CNY 11,691,829,024.26 in Q1 2023, representing a decline of approximately 2.57%[30]. - The company's total non-current liabilities increased from CNY 93,351,023.62 in Q1 2022 to CNY 102,921,951.31 in Q1 2023, an increase of about 10.00%[30]. - The company's total equity increased from CNY 8,224,283,409.97 in Q1 2022 to CNY 8,312,471,656.80 in Q1 2023, an increase of about 1.07%[30]. Investments and Fundraising - The company plans to invest up to RMB 300 million in the Zhezhong Junxin (Shanghai) Industrial Upgrade and Technology Innovation Equity Investment Partnership to enhance its position in the equity investment sector[14]. - The company has completed the first phase of fundraising for the Zhezhong Junxin fund and has filed for private investment fund registration with the China Securities Investment Fund Industry Association[15]. Legal Matters - The company is currently involved in three legal cases related to factoring contracts, with one case in the execution stage and partial recovery of amounts[15]. Other Financial Metrics - The weighted average return on equity was 1.69%, a decrease of 0.69 percentage points[6]. - The company reported non-recurring gains of CNY 110,207,737.82, with significant contributions from asset disposals and government subsidies[9]. - The decline in operating revenue was primarily due to a decrease in fees and commissions from the subsidiary Aijian Trust, impacted by industry risks[10]. - The company reported a significant reduction in other receivables, which decreased from RMB 462,188,868.98 in December 2022 to RMB 120,729,314.79 in March 2023, a drop of approximately 73.9%[16]. - The company's trading financial assets decreased from RMB 1,538,284,171.56 at the end of 2022 to RMB 1,438,266,500.81 by March 31, 2023, a decline of about 6.5%[16]. - The company's long-term receivables increased from RMB 2,415,795,929.96 in December 2022 to RMB 2,557,363,668.28 as of March 31, 2023, reflecting an increase of approximately 5.9%[16]. - Operating costs for Q1 2023 were CNY 384,138,659.28, compared to CNY 480,229,790.48 in Q1 2022[22]. - Investment income increased to CNY 63,128,407.60 from CNY 5,426,275.03 year-over-year[22]. - The company reported a significant increase in other income to CNY 35,761,694.00 from CNY 143,533,390.05 in the previous year[22].