山东出版(601019) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,172,296,483.36, representing a year-on-year increase of 6.54% compared to CNY 2,038,920,477.15 in the same period last year[5]. - Net profit attributable to shareholders was CNY 211,612,075.57, a slight decrease of 0.59% from CNY 212,857,367.36 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY 173,076,900.92, down 6.72% from CNY 185,543,928.84 in the same period last year[5]. - Total revenue for Q1 2023 reached ¥2,172,296,483.36, an increase of 6.5% compared to ¥2,038,920,477.15 in Q1 2022[25]. - Net profit for Q1 2023 was ¥211,151,334.75, slightly higher than ¥210,751,215.17 in Q1 2022, indicating a marginal increase of 0.2%[27]. - Total comprehensive income for the first quarter of 2023 was CNY 211,151,334.75, compared to CNY 210,751,215.17 in the same period of 2022, reflecting a slight increase[28]. Cash Flow - The net cash flow from operating activities improved significantly to -CNY 69,269,437.91, an 89.97% increase compared to -CNY 690,864,230.31 in the previous year[6]. - Cash inflow from operating activities increased significantly to CNY 2,244,519,400.44 in Q1 2023, up from CNY 1,492,080,751.87 in Q1 2022, representing a growth of approximately 50.5%[29][32]. - Cash outflow from operating activities totaled CNY 2,313,788,838.35 in Q1 2023, compared to CNY 2,182,944,982.18 in Q1 2022, leading to a net cash flow from operating activities of -CNY 69,269,437.91[32]. - Investment activities resulted in a net cash outflow of -CNY 154,503,735.80 in Q1 2023, compared to -CNY 95,069,860.38 in Q1 2022, indicating increased investment expenditures[33]. - The company reported a tax refund of CNY 8,765,649.32 in Q1 2023, significantly higher than CNY 280,325.33 in Q1 2022, indicating improved tax recovery efforts[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,949,168,020, reflecting a 1.86% increase from the previous year's end[6]. - The company's total assets as of the end of the reporting period amounted to ¥20,949,168,029.18, compared to ¥20,566,412,546.95 at the end of the previous period, representing a growth of 1.9%[23]. - Total liabilities increased to ¥7,377,229,892.70 in Q1 2023 from ¥7,205,548,645.22 in Q1 2022, marking a rise of 2.4%[23]. - The total assets decreased to CNY 12,957,635,433.82 in Q1 2023 from CNY 13,020,253,602.88 in Q1 2022, reflecting a decline of 0.48%[39]. - The total liabilities decreased to CNY 4,590,375,654.90 in Q1 2023 from CNY 4,764,817,924.47 in Q1 2022, a reduction of 3.64%[39]. Equity and Shareholder Information - The total equity attributable to shareholders was CNY 13,572,342,670, marking a 1.58% increase from the previous year[6]. - The company’s equity attributable to shareholders rose to ¥13,572,342,678.22 from ¥13,360,794,665.04, reflecting an increase of 1.6%[23]. - The total equity increased to CNY 8,367,259,778.92 in Q1 2023 from CNY 8,255,435,678.41 in Q1 2022, marking a growth of 1.35%[39]. Operational Metrics - Basic and diluted earnings per share remained stable at CNY 0.10, unchanged from the same period last year[6]. - The weighted average return on equity decreased to 1.57%, down 0.14 percentage points from 1.71% in the previous year[6]. - Research and development expenses for Q1 2023 were ¥4,103,569.43, slightly down from ¥4,238,207.19 in Q1 2022, indicating a decrease of 3.2%[25]. - The company reported a decrease in employee compensation liabilities from ¥499,024,978.14 in Q1 2022 to ¥319,551,575.69 in Q1 2023, a reduction of 36.1%[23]. Inventory and Receivables - Accounts receivable decreased by 37.24% due to an increase in cash settlement ratio and a reduction in bank acceptance bills from non-6+9 banks[12]. - Inventory increased by 33.14% primarily due to normal stocking of teaching materials during the reporting period[12]. - Inventory reached CNY 2.21 billion, up from CNY 1.66 billion in the previous period[20]. Financial Expenses and Income - Financial expenses decreased by 70.09% due to an increase in interest income during the reporting period[12]. - The company reported a financial income of CNY 14,253,828.82 in Q1 2023, up from CNY 6,473,283.44 in Q1 2022, indicating a growth of 120.66%[40].