Yuancheng gold(SH:600766)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 20,780,198.68, representing an increase of 88.78% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was CNY 449,527.77, a significant increase of 414.85% year-on-year[5] - The net cash flow from operating activities reached CNY 2,950,910.34, marking a 131.65% increase compared to the previous year[5] - The company reported a basic earnings per share of CNY 0.002 for Q1 2023[6] - In Q1 2023, the company reported a net profit of 447,541.31, a significant recovery from a net loss of 142,775.16 in Q1 2022, marking a turnaround of over 400%[19] - Operating profit for Q1 2023 was 291,205.77, compared to an operating loss of 214,545.99 in the same period last year, indicating a positive shift in operational performance[19] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 476,239,609.13, reflecting a growth of 5.96% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 476,239,609.13, compared to RMB 449,454,338.98 at the end of 2022, showing an increase of about 6.0%[16] - Total liabilities increased to RMB 418,662,867.50 from RMB 392,325,138.66, representing a rise of approximately 6.7%[17] - The total assets increased to CNY 156.27 million in Q1 2023 from CNY 151.01 million in Q1 2022, reflecting a growth of about 3.5%[28] - The total liabilities rose to CNY 105.23 million in Q1 2023 from CNY 99.33 million in Q1 2022, marking an increase of approximately 5.9%[28] Cash Flow - Cash and cash equivalents as of March 31, 2023, amounted to RMB 310,400,249.81, up from RMB 297,741,218.56 as of December 31, 2022, reflecting a growth of approximately 4.4%[15] - Cash flow from operating activities generated a net inflow of 2,950,910.34, a substantial improvement from a net outflow of 9,322,751.13 in Q1 2022[23] - The cash inflow from sales of goods and services was CNY 8.27 million in Q1 2023, a significant increase from CNY 0.24 million in Q1 2022[34] - The net cash generated from financing activities was 9,707,083.33, a recovery from a net outflow of 2,099,250.09 in Q1 2022, indicating improved financing conditions[24] Receivables and Payables - Accounts receivable increased by 176.55% due to a rise in receivables from sales[8] - Accounts receivable increased significantly to RMB 10,164,361.59 from RMB 3,675,429.82, marking an increase of about 176.5%[15] - Contract liabilities surged by 438.65%, attributed to an increase in advance payments received[8] Operating Costs - Operating costs rose by 97.88%, correlating with the increase in sales revenue[8] - Total operating costs for Q1 2023 were RMB 20,489,442.83, compared to RMB 11,222,806.73 in Q1 2022, indicating an increase of about 82.5%[18] - The company's management expenses decreased to 429,980.18 from 462,443.84 year-over-year, showing a reduction of approximately 7%[19] - The company's management expenses decreased to CNY 293.77 million in Q1 2023 from CNY 433.41 million in Q1 2022, showing a reduction of about 32.3%[30] Other Financial Metrics - The weighted average return on equity for Q1 2023 was 0.78%, a decrease of 1.15% compared to the end of the previous year[6] - Interest income for Q1 2023 was reported at 1,425,691.25, a significant increase from 5,156.53 in Q1 2022, highlighting improved financial management[19] - The company reported a total non-current asset value of CNY 127.46 million in Q1 2023, slightly down from CNY 128.09 million in Q1 2022[28] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - The company has not disclosed any new product developments or market expansion strategies in the current report, indicating a potential area for future announcements[31] - The company did not apply new accounting standards or interpretations for the first quarter of 2023[35]