JINLING HOTEL(SH:601007)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥481,210,388.16, representing a year-on-year increase of 26.81%[5] - The net profit attributable to shareholders was ¥9,939,064.28, with a significant improvement compared to the previous year[5] - The net cash flow from operating activities reached ¥147,216,212.88, showing a remarkable increase of 99.99%[5] - Total operating revenue for Q1 2023 reached ¥481,210,388.16, an increase of 26.8% compared to ¥379,466,375.85 in Q1 2022[19] - Net profit for Q1 2023 was ¥24,039,966.38, a significant recovery from a net loss of ¥3,727,728.90 in Q1 2022[20] - The company’s total profit for Q1 2023 was ¥33,903,178.13, compared to ¥2,359,742.17 in Q1 2022, marking a substantial increase[20] - The company reported a gross profit margin of approximately 3.5% in Q1 2023, compared to 0.5% in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were both ¥0.025, compared to a loss per share of ¥0.024 in Q1 2022[20] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥3,896,571,512.79, a decrease of 4.97% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 3,896,571,512.79, a decrease from RMB 4,100,518,527.91 at the end of 2022, reflecting a decline of approximately 4.97%[16] - The company's current assets totaled RMB 1,818,028,969.36, down from RMB 2,012,193,458.82 at the end of 2022, indicating a decrease of about 9.65%[14] - The cash and cash equivalents decreased to RMB 254,479,957.57 from RMB 411,330,610.37, representing a significant decline of approximately 38.1%[14] - The company's total liabilities were RMB 1,547,495,935.22, down from RMB 1,775,179,922.72, showing a reduction of about 12.83%[16] - The company's non-current assets totaled RMB 2,078,542,543.43, a slight decrease from RMB 2,088,325,069.09, reflecting a decline of approximately 0.12%[15] - The company's total liabilities to equity ratio improved to approximately 0.65 from 0.76, indicating a stronger equity position relative to liabilities[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,436[9] - The largest shareholder, Nanjing Jinling Hotel Group Co., Ltd., held 43.50% of the shares[10] Operational Insights - The company reported a significant recovery in hotel operations due to the release of travel demand and the overall recovery of the tourism market[8] - The company plans to continue expanding its market presence and enhancing its service offerings in response to the growing demand[8] - The company's management indicated a focus on expanding market presence and enhancing operational efficiency in future quarters[20] Cash Flow and Investment - Cash flow from operating activities for Q1 2023 was ¥147,216,212.88, an increase of 99.9% from ¥73,610,704.58 in Q1 2022[23] - Investment activities generated a net cash outflow of ¥145,756,253.37 in Q1 2023, slightly worse than the outflow of ¥144,419,058.67 in Q1 2022[24] - The company’s cash and cash equivalents at the end of Q1 2023 stood at ¥77,996,987.32, down from ¥241,905,495.41 at the end of Q1 2022[24] Cost Analysis - Total operating costs for Q1 2023 were ¥462,128,131.62, up from ¥383,271,833.60 in Q1 2022, reflecting a rise of 20.6%[19] - The company's inventory decreased to RMB 600,903,010.00 from RMB 624,132,602.54, a decline of about 3.73%[14] - Short-term borrowings increased to RMB 99,725,085.20 from RMB 89,821,081.20, marking an increase of approximately 10.03%[15] - The accounts payable rose to RMB 81,128,787.06 from RMB 78,840,678.51, indicating an increase of about 2.93%[15] - The total equity attributable to shareholders increased slightly to RMB 1,578,752,928.44 from RMB 1,568,813,864.16, reflecting a growth of approximately 0.06%[16]