2023-04-27 16:00Financial Performance - The total operating revenue for Q1 2023 was CNY 4,190,332,138.08, representing a decrease of 0.53% compared to the same period last year[25]. - The net profit attributable to shareholders of the listed company was CNY 485,733,620.69, an increase of 1.06% year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 479,388,454.25, reflecting a growth of 6.36% compared to the previous year[25]. - The basic earnings per share for the period was CNY 0.4323, up by 1.08% year-on-year[25]. - The weighted average return on equity was 7.83%, a decrease of 0.69 percentage points compared to the previous year[25]. - The company reported a net profit of RMB 0 from the merged entity, consistent with the previous period[38]. - The net profit for the period was $496.31 million, compared to $487.72 million in the previous period, indicating a year-over-year increase[47]. - The company reported a total comprehensive income of $496.51 million, compared to $481.65 million in the previous period, reflecting overall financial health[48]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 154,563,446.95, showing a significant increase of 239.24% year-on-year[25]. - The net cash flow from operating activities was $154.56 million, an increase from $45.56 million in the previous period, reflecting a significant improvement in operational efficiency[40]. - In Q1 2023, the cash inflow from operating activities was CNY 2,711,065,456.50, a decrease from CNY 2,921,697,069.56 in Q1 2022[49]. - The net increase in cash and cash equivalents for Q1 2023 was CNY -959,146,359.28, compared to CNY -10,109,325.05 in Q1 2022[50]. - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 2,560,431,222.59, up from CNY 2,136,658,400.56 at the end of Q1 2022[50]. - The cash received from sales of goods and services in Q1 2023 was CNY 2,596,485,481.63, compared to CNY 2,463,776,078.94 in Q1 2022, indicating a growth of approximately 5.4%[49]. - The cash received from interest, fees, and commissions was CNY 4,388,139.91 in Q1 2023, down from CNY 33,886,456.10 in Q1 2022[49]. - The total cash outflow from financing activities in Q1 2023 was CNY 6,083,507.84, compared to CNY 53,965,699.80 in Q1 2022[50]. - The impact of exchange rate changes on cash and cash equivalents was CNY -996,921.48 in Q1 2023, compared to CNY -4,665,546.40 in Q1 2022[50]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 14,170,127,548.57, which is a 9.12% increase from the end of the previous year[25]. - Total assets reached RMB 14,170,127,548.57, up from RMB 12,986,142,323.23, showing growth in the asset base[35]. - Total liabilities increased to RMB 7,175,206,686.02 from RMB 6,488,971,447.30, indicating a rise in financial obligations[36]. - The company's total equity attributable to shareholders reached approximately $6.44 billion, up from $5.96 billion, showing a healthy growth in shareholder value[45]. - The total liabilities and equity amounted to approximately $14.17 billion, an increase from $12.99 billion, indicating growth in the company's financial base[45]. Operational Efficiency - Total operating costs for Q1 2023 were RMB 3,726,461,515.15, down from RMB 3,746,451,588.44 in Q1 2022, reflecting a cost reduction strategy[37]. - Research and development expenses for Q1 2023 were RMB 82,656,071.97, slightly down from RMB 87,553,444.60 in Q1 2022, reflecting a focus on cost management[37]. - The company recorded a decrease in credit impairment losses, which improved from -46.20 million to -10.16 million, suggesting better asset quality[47]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,713, with 36,397 being A-share holders[12]. Strategic Initiatives - The company is exploring market expansion opportunities but has not disclosed specific strategies or targets in the current report[39]. - The company has not reported any significant new product launches or technological advancements during this period[39]. Investment Activities - The total cash outflow from investing activities amounted to $1.11 billion, compared to $219.98 million previously, indicating a substantial increase in investment expenditures[40]. - The cash paid for investment activities was $1.09 billion, a significant rise from $190.00 million, highlighting aggressive investment strategies[40]. - The company's cash management plan allows for the investment of up to RMB 6.5 billion in low-risk financial products, approved for a period of 12 months[34]. Accounting and Reporting - The company did not apply new accounting standards or interpretations for the first time in 2023[50]. - The board of directors announced the financial results on April 27, 2023[50].