NBZB(SH:600857)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥296,827,263.42, representing a year-on-year increase of 65.77%[6] - The net profit attributable to shareholders for the same period was ¥15,009,577.37, reflecting an 85.21% increase compared to the previous year[6] - Basic earnings per share for Q1 2023 were ¥0.067, up 86.11% year-on-year[6] - Total operating revenue for Q1 2023 reached ¥296,827,263.42, a significant increase of 65.8% compared to ¥179,058,256.64 in Q1 2022[23] - Net profit for Q1 2023 was ¥15,009,577.37, representing a 85.2% increase from ¥8,103,908.87 in Q1 2022[24] - Basic and diluted earnings per share for Q1 2023 were both ¥0.067, compared to ¥0.036 in Q1 2022[25] - The company reported a total comprehensive income of ¥7,162,819.55 for Q1 2023, recovering from a loss of ¥16,863,047.83 in Q1 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥983,759,019.71, an increase of 2.24% from the end of the previous year[7] - As of March 31, 2023, the total current assets amounted to RMB 469,619,508.55, an increase from RMB 437,350,659.46 as of December 31, 2022, reflecting a growth of approximately 7.3%[18] - Total assets reached RMB 983,759,019.71, up from RMB 962,203,986.06, reflecting a growth of about 2%[20] - Total liabilities as of Q1 2023 amounted to ¥193,631,068.43, up from ¥179,238,854.33 in the previous year[21] - The total non-current assets decreased slightly to RMB 514,139,511.16 from RMB 524,853,326.60, a decline of approximately 2%[20] Cash Flow - Cash inflow from operating activities in Q1 2023 totaled ¥417,395,299.04, an increase from ¥327,286,430.56 in Q1 2022[26] - Cash paid for purchasing goods and services in Q1 2023 was ¥389,943,888.72, compared to ¥303,054,800.29 in Q1 2022[26] - The net cash flow from operating activities for Q1 2023 was $2,888,433.67, a significant improvement compared to a net outflow of $1,637,970.17 in Q1 2022[27] - Total cash inflow from investment activities was $114,067,988.76, up from $18,114,449.85 in the previous year[27] - Cash outflow from investment activities totaled $212,770,420.98, compared to $100,030,468.82 in Q1 2022, resulting in a net cash flow from investment activities of -$98,702,432.22[27] - The net increase in cash and cash equivalents for the quarter was -$95,813,998.55, compared to -$83,553,989.14 in the same period last year[27] Operational Metrics - The company experienced a 68.53% increase in operating costs, attributed to higher sales volumes[11] - Non-operating income increased by 326.76%, mainly due to government subsidies received[11] - The weighted average return on equity was 1.91%, an increase of 0.18 percentage points compared to the previous year[7] - The company reported a significant increase in accounts receivable by 576.77%, primarily due to an increase in gold repurchase receivables[10] - Inventory rose by 91.67% as a result of the expansion of the gold wholesale business[10] - Accounts receivable rose to RMB 3,655,480.47 from RMB 540,138.18, indicating a substantial increase of around 577%[18] - Inventory levels increased to RMB 89,177,379.16 from RMB 46,526,041.14, which is an increase of approximately 91.5%[18] - The accounts payable increased significantly to RMB 79,820,421.04 from RMB 39,654,650.21, representing an increase of about 101%[20] Future Plans and Legal Matters - The company plans to continue expanding its gold wholesale business, which has been a key driver of revenue growth[10] - The company has recognized a provision of RMB 3,700,000 for potential liabilities related to ongoing litigation involving 65 small shareholder claims totaling RMB 7,390,998.87[17] - The company is currently involved in a bankruptcy reorganization process with Tianjin Jiucai, with a prepayment of RMB 1,982,091.20 still pending recovery[15]