QJCT(SH:600706)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was RMB 326.74 million, a year-on-year increase of 65.14%[6] - Net profit attributable to shareholders in Q1 2023 was RMB 9.12 million[6] - Operating cash flow for Q1 2023 was RMB 34.73 million[6] - Total revenue for Q1 2023 increased to RMB 326.74 million, up from RMB 197.85 million in Q1 2022, representing a growth of 65.1%[20] - Operating profit for Q1 2023 was RMB 12.01 million, compared to an operating loss of RMB 59.60 million in Q1 2022[20] - Net profit attributable to the parent company increased to RMB 115.26 million, up from RMB 106.14 million at the end of 2022[18] - Revenue from sales of goods and services in Q1 2023 was RMB 292.72 million, up 128.7% from RMB 128.00 million in Q1 2022[21] - Net profit attributable to parent company shareholders in Q1 2023 was RMB 9.12 million, compared to a loss of RMB 50.42 million in Q1 2022[24] - Total comprehensive income for Q1 2023 was RMB 8.88 million, a turnaround from a loss of RMB 54.09 million in Q1 2022[24] - Basic earnings per share for Q1 2023 was RMB 0.04, compared to a loss per share of RMB 0.20 in Q1 2022[24] Assets and Liabilities - Total assets at the end of Q1 2023 were RMB 3.64 billion, a slight decrease of 0.24% compared to the end of the previous year[6] - Shareholders' equity at the end of Q1 2023 was RMB 970.88 million, an increase of 0.95% compared to the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 3.64 billion, a slight decrease from RMB 3.65 billion at the end of 2022[17] - Total liabilities as of March 31, 2023, were RMB 2.63 billion, down from RMB 2.64 billion at the end of 2022[18] - Accounts receivable increased to RMB 1.14 billion as of March 31, 2023, from RMB 1.09 billion at the end of 2022[17] - Inventory increased to RMB 119.93 million as of March 31, 2023, from RMB 107.56 million at the end of 2022[17] - Short-term borrowings decreased to RMB 303.20 million as of March 31, 2023, from RMB 340.28 million at the end of 2022[18] - Long-term borrowings remained stable at RMB 873.01 million as of March 31, 2023, compared to RMB 875.50 million at the end of 2022[18] - Total equity attributable to the parent company increased to RMB 970.88 million as of March 31, 2023, from RMB 961.76 million at the end of 2022[18] - Cash and cash equivalents at the end of Q1 2023 stood at RMB 109.09 million, a decrease from RMB 148.05 million at the beginning of the period[25] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period is 39,205[10] - The largest shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd., holds 114,511,121 shares, representing 44.90% of the total shares[10] - The second-largest shareholder, Ni Yusheng, holds 2,446,800 shares, representing 0.96% of the total shares[10] - The third-largest shareholder, Xu Qing, holds 1,549,500 shares, representing 0.61% of the total shares[10] - The fourth-largest shareholder, Industrial and Commercial Bank of China - Rongtong Power Pioneer Hybrid Securities Investment Fund, holds 1,381,000 shares, representing 0.54% of the total shares[10] - The fifth-largest shareholder, Bank of China Limited - Fullgoal CSI Tourism Theme ETF, holds 1,343,601 shares, representing 0.53% of the total shares[10] - The sixth-largest shareholder, Industrial and Commercial Bank of China - Rongtong Blue Chip Growth Securities Investment Fund, holds 1,069,300 shares, representing 0.42% of the total shares[10] - The seventh-largest shareholder, Beijing Tongsanyi Health Food Co., Ltd., holds 1,029,600 shares, representing 0.40% of the total shares[10] - The eighth-largest shareholder, Yu Yuansheng, holds 996,504 shares, representing 0.39% of the total shares[10] - The ninth-largest shareholder, Wang Zun, holds 894,600 shares, representing 0.35% of the total shares[10] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses in Q1 2023 amounted to RMB 2.43 million, including government subsidies and tax benefits[7] - The company received government subsidies in January and March 2023[2][5] - The company recognized a provision of RMB 3 million for a legal dispute in 2020, which reduced total profit by RMB 2.57 million[1] Revenue Drivers - The increase in revenue was mainly due to higher ticket sales for the Tang Paradise Lantern Festival, Ocean Park, sports events, and performances[9] Cash Flow - Operating cash flow for Q1 2023 was RMB 34.73 million, a significant improvement from a negative RMB 100.98 million in Q1 2022[21] - Cash outflow for investment activities decreased to RMB 25.62 million in Q1 2023 from RMB 82.10 million in Q1 2022[25] - Cash inflow from financing activities was RMB 13.49 million in Q1 2023, down from RMB 42.50 million in Q1 2022[25] Legal and Financial Provisions - The company recognized a provision of RMB 3 million for a legal dispute in 2020, which reduced total profit by RMB 2.57 million[1] - The company issued a pre-loss announcement for its 2022 annual performance[2]