Shanghai Guijiu (SH:600696)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥388,376,610.01, representing a year-on-year increase of 70.24%[6] - Net profit attributable to shareholders was ¥31,034,600.28, marking a significant increase of 201.02% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥23,277,713.49, up by 131.69% year-on-year[6] - Basic earnings per share were ¥0.09, which is an increase of 201.02% compared to the previous year[7] - The net profit for Q1 2023 reached ¥34,484,236.79, compared to ¥19,379,379.43 in Q1 2022, reflecting a growth of approximately 78.0%[21] - The total comprehensive income for Q1 2023 was ¥34,484,236.79, compared to ¥19,379,379.43 in Q1 2022, marking a growth of approximately 78.0%[21] Cash Flow and Assets - The net cash flow from operating activities was ¥189,947,451.89, reflecting a substantial increase of 1,066.48%[6] - Cash and cash equivalents as of March 31, 2023, amounted to ¥464,515,884.19, up from ¥202,301,383.40 at the end of 2022, representing a growth of 129.5%[14] - The cash flow from operating activities for Q1 2023 was ¥189,947,451.89, a substantial increase from ¥16,283,847.49 in Q1 2022[24] - The company reported a net cash increase of ¥262,216,048.40 in cash and cash equivalents for Q1 2023, compared to ¥66,263,416.02 in Q1 2022[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,848,749,967.87, an increase of 21.48% from the end of the previous year[7] - Total assets increased to ¥1,848,749,967.87 from ¥1,521,908,405.54, reflecting a growth of 21.4%[16] - Total liabilities rose to ¥1,178,513,875.07 from ¥889,440,840.03, an increase of 32.5%[16] - Shareholders' equity increased to ¥670,236,092.80 from ¥632,467,565.51, a growth of 6.0%[16] - The equity attributable to shareholders increased to ¥546,851,297.11, representing a growth of 6.70%[7] Revenue Drivers - The increase in revenue and profit was primarily driven by higher sales of alcoholic beverages and increased government subsidies[8] - The company reported a government subsidy of ¥8,872,507.62, contributing to the net profit growth[8] - Total revenue for Q1 2023 reached ¥388,376,610.01, a significant increase of 70.2% compared to ¥228,139,833.04 in Q1 2022[18] - The company's sales revenue from goods and services received in Q1 2023 was ¥587,469,111.00, significantly higher than ¥265,945,582.97 in Q1 2022, indicating strong sales performance[23] Operating Costs and Expenses - The total operating costs for Q1 2023 were ¥340,640,001.29, up from ¥197,938,348.29 in Q1 2022, indicating an increase of about 72.0%[20] - The company incurred research and development expenses of ¥480,814.50 in Q1 2023, indicating ongoing investment in innovation[20] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[17] - The company reported a net profit margin improvement, with net profit for Q1 2023 expected to show positive trends compared to the previous year[17] Financing Activities - The company raised ¥220,000,000.00 through borrowings in Q1 2023, compared to ¥32,000,000.00 in Q1 2022, showing increased financing activity[24] Other Information - The company has not disclosed any significant mergers or acquisitions during the reporting period[12]