YIMIN GROUP(SH:600824)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 334,729,638.31, representing a year-on-year increase of 49.48%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 37,915,368.03, reflecting a growth of 4.38% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was CNY 0.036, which is an increase of 4.38% year-on-year[5] - Total revenue for Q1 2023 reached ¥337,751,062.73, a 48.2% increase from ¥226,590,218.51 in Q1 2022[19] - The company reported a net profit of ¥45,164,818.97 for Q1 2023, compared to ¥45,002,852.39 in Q1 2022, indicating a slight increase of 0.4%[19] - The net profit for Q1 2023 was CNY 38,585,845.88, an increase of 6.98% compared to CNY 36,059,746.55 in Q1 2022[20] - The net profit attributable to shareholders of the parent company was CNY 37,915,368.03, up from CNY 36,323,994.48, reflecting a growth of 4.39%[20] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.036, up from CNY 0.034 in Q1 2022, reflecting a growth of 5.88%[20] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 3,003,335,482.31, a decrease of 6.54% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to ¥3,003,335,482.31, down from ¥3,213,560,106.96 at the end of 2022, a decline of 6.5%[16] - Current assets decreased to ¥1,547,383,958.64 from ¥1,699,073,217.02, a reduction of 8.9%[16] - Total liabilities decreased to ¥592,482,578.40 from ¥841,293,048.93, a decline of 29.5%[16] - The company's total equity rose to ¥2,410,852,903.91 from ¥2,372,267,058.03, an increase of 1.6%[16] - The total equity attributable to shareholders at the end of Q1 2023 was CNY 2,374,483,275.73, showing a slight increase of 1.62% from the previous year[6] Cash Flow - The net cash flow from operating activities for Q1 2023 was negative at CNY -48,892,511.80, which is not applicable for year-on-year comparison[5] - The total cash inflow from operating activities was CNY 370,335,462.47, significantly higher than CNY 202,653,655.11 in the same period last year, marking an increase of 82.73%[22] - The cash outflow from operating activities totaled CNY 419,227,974.27, compared to CNY 292,409,722.04 in Q1 2022, resulting in a net cash flow from operating activities of -CNY 48,892,511.80[22] - The cash and cash equivalents at the end of Q1 2023 were CNY 518,778,670.08, compared to CNY 225,344,197.65 at the end of Q1 2022, indicating a significant increase[23] - The total cash outflow for financing activities was CNY 240,448,874.39, compared to CNY 410,329,275.04 in Q1 2022, indicating a reduction in cash outflow[23] Inventory and Expenses - Cash and cash equivalents dropped significantly to ¥519,416,006.48 from ¥1,326,825,029.03, a decrease of 60.9%[16] - Inventory increased to ¥310,445,552.18 from ¥276,949,530.08, reflecting a growth of 12.1%[16] - Research and development expenses for Q1 2023 were ¥843,683.97, up from ¥816,544.37 in Q1 2022, an increase of 3.3%[19] Market Strategy - The increase in operating revenue was primarily due to a significant rise in gold sales during the reporting period[8] - The company has not disclosed any new product developments or market expansion strategies in this report[13] - The company plans to continue focusing on market expansion and new product development to drive future growth[20]