XIAC(SH:600897)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 379,173,460.14, representing a year-on-year increase of 43.43%[5] - The net profit attributable to shareholders for Q1 2023 reached CNY 73,926,555.36, showing a significant increase of 1,067.59% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was CNY 0.2482, reflecting a year-on-year growth of 1,067.59%[6] - The company's net profit for Q1 2023 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability compared to the previous year[19] - The net profit for Q1 2023 was CNY 79,029,088.53, a significant increase from CNY 9,427,003.65 in Q1 2022, representing a growth of approximately 737%[20] - The operating profit for Q1 2023 was CNY 104,445,249.20, compared to CNY 10,806,851.99 in the same period last year, indicating a year-over-year increase of about 868%[20] - The total comprehensive income for Q1 2023 was CNY 79,029,088.53, compared to CNY 9,427,003.65 in Q1 2022, marking an increase of around 737%[20] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.2482, up from CNY 0.0213 in Q1 2022, representing an increase of approximately 1,166%[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 39.21% to CNY 15,126,381.47 in Q1 2023[5] - Cash flow from operating activities for Q1 2023 was CNY 15,126,381.47, down from CNY 24,882,980.39 in Q1 2022, reflecting a decrease of approximately 39%[21] - Cash flow from investing activities generated a net inflow of CNY 252,617,138.91 in Q1 2023, a turnaround from a net outflow of CNY 204,810,854.64 in Q1 2022[22] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 303,915,531.99, a substantial increase from RMB 66,724,231.33 at the end of 2022, reflecting a growth of approximately 354.5%[14] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 299,715,531.99, a significant increase from CNY 28,673,601.00 at the end of Q1 2022[22] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 290,315,537.11 in Q1 2023, down from CNY 310,825,641.36 in Q1 2022, a decline of about 6.5%[21] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 5,003,570,336.75, an increase of 1.73% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 5,003,570,336.75, compared to RMB 4,918,592,211.39 at the end of 2022, marking an increase of approximately 1.7%[17] - Total liabilities as of March 31, 2023, were RMB 869,823,949.80, a slight increase from RMB 864,322,481.25, indicating a growth of about 0.6%[16] - Total current assets amounted to approximately $2.07 billion, with cash and cash equivalents at $66.72 million and trading financial assets at $1.61 billion[25] - Total non-current assets reached approximately $2.85 billion, including fixed assets valued at $2.39 billion and long-term equity investments of $44.84 million[26] - Total current liabilities were approximately $751.25 million, with accounts payable at $276.38 million and short-term borrowings not specified[26] - Total non-current liabilities amounted to approximately $113.08 million, with lease liabilities at $61.96 million[27] - Total liabilities were approximately $864.32 million, indicating a decrease compared to the previous reporting period[27] - Total equity attributable to shareholders was approximately $3.82 billion, with retained earnings of $2.85 billion[27] - The company reported a slight increase in total equity, reflecting a stable financial position[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,533[12] - Xiamen Xiangye Group Co., Ltd. held 68.00% of the shares, making it the largest shareholder[12] Strategic Outlook - The company plans to continue expanding its operational capacity and enhancing service offerings in the aviation sector[5] - The board of directors announced the financial results on April 28, 2023, indicating ongoing monitoring of market conditions and strategic planning[27] - The company is focused on maintaining liquidity and managing its asset portfolio effectively in the current economic environment[25] Other Financial Metrics - The weighted average return on equity increased by 1.76 percentage points to 1.92%[6] - The company reported non-recurring gains of CNY 13,360,264.74 after tax for Q1 2023[9] - The company incurred a credit impairment loss of CNY -6,032,440.01 in Q1 2023, compared to a gain of CNY 960,901.63 in Q1 2022, indicating a negative shift in credit quality[20] - The company’s long-term equity investments increased to RMB 45,292,442.19 from RMB 44,840,685.59, showing a growth of about 1.0%[15] - The company reported a decrease in inventory to RMB 690,851.19 from RMB 849,675.11, reflecting a decline of approximately 18.7%[15]