SXBN(SH:600831)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 616,863,585.17, representing a year-on-year increase of 0.91%[3] - The net profit attributable to shareholders decreased by 36.60% to CNY 7,485,198.74 compared to the same period last year[3] - Basic earnings per share fell by 36.75% to CNY 0.0105, reflecting the decline in net profit attributable to shareholders[3] - The net profit after deducting non-recurring gains and losses was CNY 6,541,015.80, down 10.78% year-on-year[3] - Net profit for Q1 2023 was CNY 4,061,346.68, a decrease of 56.7% compared to CNY 9,400,355.44 in Q1 2022[15] - The net profit attributable to the parent company for Q1 2023 was CNY 7,485,198.74, a decrease of 36.5% compared to CNY 11,806,091.01 in Q1 2022[16] - The net profit for Q1 2023 was CNY 15,324,270.62, significantly up from CNY 3,623,095.39 in Q1 2022, representing a growth of 323.5%[25] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 315.85% to CNY 16,346,118.42, mainly due to increased cash receipts from sales of goods and services[3] - The net cash flow from operating activities increased to CNY 31,900,829.77, compared to CNY 2,673,725.12 in Q1 2022[27] - Cash and cash equivalents increased to CNY 607,362,459.62 from CNY 520,826,836.49, marking a growth of about 16.6%[11] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 543,304,592.09, an increase from CNY 322,764,005.73 at the end of Q1 2022[18] - Cash and cash equivalents at the end of Q1 2023 were CNY 414,809,359.44, compared to CNY 208,101,262.52 at the end of Q1 2022, indicating a significant increase[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,138,334,313.84, an increase of 4.39% from the end of the previous year[3] - Total assets as of March 31, 2023, were CNY 12,138,334,313.84, an increase from CNY 11,627,322,548.78 at the end of 2022, representing a growth of about 4.4%[12] - Total liabilities as of March 31, 2023, were CNY 8,324,135,743.29, compared to CNY 7,817,185,324.91 at the end of 2022, indicating an increase of approximately 6.5%[13] - The total liabilities as of March 31, 2023, were CNY 4,088,000,000.00, compared to CNY 3,599,164,052.31 as of March 31, 2022, indicating an increase in leverage[21] - The total liabilities as of Q1 2023 amounted to CNY 7,787,366,548.61, an increase from CNY 7,213,532,968.13 in the previous year[22] Shareholder Information - The company reported a total of 54,074 common shareholders at the end of the reporting period[6] - The top shareholder, Shaanxi Guangdian Media Group Co., Ltd., holds 29.22% of the shares, totaling 207,590,648 shares[6] Strategic Plans - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The company plans to continue focusing on market expansion and new product development to drive future growth[28] Cost Management - Operating costs for Q1 2023 amounted to CNY 609,475,428.20, compared to CNY 601,332,520.02 in Q1 2022, indicating an increase of about 1.9%[14] - The company incurred financial expenses of CNY 42,669,783.25, which is an increase from CNY 24,922,495.22 in the same quarter last year[24] - The company reported a decrease in sales expenses to CNY 43,227,165.95 from CNY 33,999,611.14 in Q1 2022, reflecting a strategic cost management approach[24]