银座股份(600858) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,642,408,280.69, representing a decrease of 5.18% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 93,339,598.66, an increase of 62.32% year-on-year[6]. - The basic earnings per share for the period was CNY 0.1795, reflecting a growth of 62.29% compared to the previous year[6]. - Total operating revenue for Q1 2023 was CNY 1,642,408,280.69, a decrease of 5.2% compared to CNY 1,732,125,741.65 in Q1 2022[23]. - Net profit for Q1 2023 reached CNY 88,397,042.07, an increase of 66.2% from CNY 53,210,509.90 in Q1 2022[26]. - Earnings per share for Q1 2023 were CNY 0.1795, compared to CNY 0.1106 in Q1 2022, reflecting a 62.3% increase[26]. - The company reported a significant increase in investment income, up 100.00%, due to the previous year's recognition of investment losses[10]. - The company reported a significant reduction in financial expenses, with total financial costs decreasing to CNY 71,972,675.57 from CNY 88,613,985.35 in Q1 2022[25]. - The company incurred financial expenses of ¥42,368,955.54 in Q1 2023, down 25.5% from ¥56,875,608.56 in Q1 2022[37]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 11,991,283,751.05, a rise of 6.45% from the end of the previous year[7]. - The total assets as of Q1 2023 amounted to CNY 11,991,283,751.05, up from CNY 11,265,108,575.84 in the previous year[21]. - Total liabilities increased to CNY 9,530,514,562.08 in Q1 2023, compared to CNY 8,892,736,428.93 in Q1 2022[21]. - Total liabilities rose to 8,491,645,763.53 RMB, compared to 7,573,258,943.70 RMB in the previous year, indicating increased leverage[35]. - The company's total assets reached 10,104,783,374.33 RMB, up from 9,152,090,076.81 RMB, showing overall growth in the asset base[35]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 37,808,271.84, a decline of 111.81% year-on-year[6]. - The net cash flow from operating activities was -37,808,271.84 RMB, a significant decrease compared to 320,050,873.26 RMB in the previous year[30]. - The company's cash flow from operating activities for Q1 2023 showed a positive trend, indicating improved liquidity[27]. - The cash flow from operating activities was lower than cash outflows, highlighting potential liquidity challenges moving forward[30]. - The company reported cash and cash equivalents of RMB 1,855,407,827.87 as of March 31, 2023, compared to RMB 1,085,896,865.33 at the end of 2022[19]. - The company reported cash and cash equivalents of ¥1,275,770,561.69 at the end of Q1 2023, down from ¥1,461,940,729.79 at the end of Q1 2022[39]. - Total cash inflow from financing activities reached 2,181,000,000.00 RMB, up from 1,130,000,000.00 RMB year-over-year[31]. - The total cash inflow from financing activities in Q1 2023 was ¥2,005,000,000.00, an increase of 120.1% compared to ¥910,000,000.00 in Q1 2022[39]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,785[11]. - The largest shareholder, Shandong Commercial Group Co., Ltd., held 26.48% of the shares[11]. - The employee stock ownership plan from 2020 will expire on October 15, 2023, holding 24,205,950 shares, approximately 4.65% of the total share capital[16]. Investments and Financing - The company applied for a mortgage loan of RMB 200 million from Tianjin Bank with a one-year term and interest rate based on the bank's current loan rates[14]. - The company plans to sell assets from its subsidiary, with a listing price of RMB 401.4658 million for properties and related equipment in Dezhou[14]. - The company has a financial service agreement with Shandong Commercial Group Financial Co., Ltd. for one year, pending shareholder approval[15]. - The company recognized an impairment of goodwill amounting to RMB 48.8995 million for Shijiazhuang Oriental City Square Co., Ltd., subject to shareholder approval[15]. - The company applied for a credit limit of RMB 100 million from China Minsheng Bank for a three-year medium to long-term loan at an interest rate of 4.95%[16]. Operational Metrics - Research and development expenses for Q1 2023 were CNY 3,205,270.54, reflecting ongoing investment in innovation[25]. - The company plans to expand its market presence and invest in new technologies to drive future growth[22]. - The company's sales expenses increased to ¥129,006,318.84 in Q1 2023, up from ¥125,211,677.94 in Q1 2022, reflecting a growth of 2.3%[37]. - The total operating expenses for Q1 2023 were ¥410,581,807.91, slightly lower than ¥411,079,467.60 in Q1 2022[36].