MEI YAN(SH:600868)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥65,701,781.05, representing an increase of 8.21% compared to the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was ¥8,287,193.23, a significant increase of 183.00% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,012,207.07, reflecting a growth of 204.01% compared to the previous year[5]. - Basic earnings per share for Q1 2023 was ¥0.0044, up by 193.33% from the same period last year[6]. - The company's net profit for Q1 2023 reached CNY 11,627,972.68, a significant increase from CNY 1,863,394.46 in Q1 2022, representing a growth of approximately 523%[24]. - Operating profit for Q1 2023 was CNY 14,563,874.98, compared to CNY 2,464,449.02 in the same period last year, indicating a year-over-year increase of about 493%[24]. - The company's total profit for Q1 2023 was CNY 14,416,922.99, compared to CNY 2,370,155.31 in Q1 2022, indicating an increase of about 508%[24]. Cash Flow and Investments - The net cash flow from operating activities reached ¥18,312,646.02, showing a remarkable increase of 1,021.43% year-on-year[5]. - Cash flow from operating activities showed a net inflow of CNY 18,312,646.02, a turnaround from a net outflow of CNY -1,987,411.34 in the previous year[28]. - The company invested CNY 61,000,000.00 in Q1 2023, up from CNY 37,500,000.00 in Q1 2022, marking an increase of approximately 62.7%[28]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 265,798,361.36, compared to CNY 217,321,915.46 at the end of Q1 2022, showing an increase of about 22.3%[29]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,884,299,594.11, a slight decrease of 0.31% from the end of the previous year[6]. - The total liabilities decreased from CNY 406,259,031.31 to CNY 385,695,067.95, indicating a reduction of approximately 5.0%[21]. - The total equity increased from CNY 2,487,015,108.30 to CNY 2,498,604,526.16, showing a growth of about 0.5%[21]. - Cash and cash equivalents decreased from CNY 320,536,863.04 to CNY 269,644,910.15, a decline of approximately 16.0%[19]. - Accounts receivable increased from CNY 387,283,582.46 to CNY 390,377,646.63, a slight increase of about 0.8%[19]. - The company held long-term equity investments worth CNY 42,160,983.04, unchanged from the previous period[20]. - The company’s short-term borrowings rose from CNY 10,319,284.95 to CNY 15,320,627.41, an increase of approximately 48.6%[20]. Operating Costs and Revenue - The total operating revenue for Q1 2023 was CNY 60,716,193.74, a decrease of 7.5% compared to CNY 65,701,781.05 in Q1 2022[23]. - The total operating costs for Q1 2023 amounted to CNY 58,755,582.58, an increase of 13.5% from CNY 51,780,311.45 in Q1 2022[23]. - The operating cost specifically rose from CNY 37,776,247.41 in Q1 2022 to CNY 42,728,970.61 in Q1 2023, reflecting a 13.0% increase[23]. - Total revenue from operating activities was CNY 73,786,172.22, down from CNY 82,638,836.65 in Q1 2022, reflecting a decrease of approximately 10.5%[28]. Shareholder Information - The top shareholder, Guangdong Enerun Asset Management Co., Ltd., holds 135,500,173 shares, representing 7.14% of the total shares[13]. Non-Recurring Gains and Expenses - The company reported non-recurring gains of ¥658,462.73 related to government subsidies closely tied to its normal business operations[7]. - The company reported a decrease in sales expenses to CNY 1,232,097.86 from CNY 2,166,433.60 in the previous year, a reduction of approximately 43.2%[24]. - The company received tax refunds amounting to CNY 280,952.12 in Q1 2023, compared to CNY 33,538.74 in Q1 2022, reflecting an increase of about 736.5%[28]. Return on Equity - The weighted average return on equity increased by 0.22 percentage points to 0.34%[6].