GGITG(SH:601086)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 288,282,997.42, representing an increase of 11.23% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 73,218,627.21, a significant increase of 105.37% year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.11, reflecting a growth of 120.00% year-on-year[3]. - The total operating revenue for Q1 2023 was CNY 288,282,997.42, an increase of 11.2% compared to CNY 259,186,576.24 in Q1 2022[13]. - In Q1 2023, the company reported a net profit of ¥73,218,627.21, a significant increase of 105.5% compared to ¥35,652,548.02 in Q1 2022[14]. - Total revenue from operating activities reached ¥885,317,292.29, up 51.7% from ¥583,538,846.09 in the same period last year[17]. Cash Flow - The net cash flow from operating activities reached CNY 257,407,922.74, showing a remarkable increase of 445.93% compared to the previous year[3]. - The net cash flow from operating activities was CNY 315,946,857.58, a significant increase from CNY 92,020,013.84 in Q1 2022, representing a growth of approximately 243%[24]. - Total cash inflow from operating activities reached CNY 597,364,759.60, compared to CNY 453,422,044.13 in the same period last year, indicating a year-over-year increase of about 32%[24]. - The net cash flow from investing activities was CNY 10,720,054.34, a turnaround from a negative cash flow of CNY 1,207,731.64 in Q1 2022[25]. - The net cash flow from financing activities was CNY 99,024,912.09, compared to CNY 88,087,332.36 in the previous year, showing an increase of about 12%[25]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,785,122,516.23, up 13.41% from the end of the previous year[3]. - The company's total liabilities reached CNY 1,164,279,543.59, up from CNY 912,098,607.36, indicating a rise of 27.7%[12]. - The total assets increased to CNY 2,785,122,516.23 as of March 31, 2023, compared to CNY 2,455,888,474.64 at the end of 2022, marking a growth of 13.4%[11]. - As of March 31, 2023, total assets reached CNY 2,397,149,775.95, an increase from CNY 1,979,763,466.12 at the end of 2022, representing a growth of approximately 21.0%[20]. - Total liabilities increased to CNY 964,254,830.35 from CNY 564,333,827.36, representing a rise of about 70.7%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,017[6]. - The top shareholder, Zhang Guofang, holds 280,500,000 shares, accounting for 42.12% of the total shares[7]. - The company's major shareholders include Zhang Guofang, holding 280,500,000 shares, representing 42.12% of the total share capital[8]. Profitability Metrics - The weighted average return on equity increased by 2.34 percentage points to 4.63%[3]. - The company reported a net profit margin improvement, with net profit figures not explicitly stated but implied through revenue growth and cost management[13]. - The gross profit margin for Q1 2023 was approximately 22.8%, down from 22.6% in Q1 2022, indicating a slight decline in profitability[22]. Cost Management - The total operating costs for Q1 2023 were CNY 217,164,082.72, up from CNY 213,777,433.99 in Q1 2022, reflecting a slight increase of 1.8%[13]. - Sales expenses decreased to ¥40,796,289.86 from ¥43,487,553.61, showing a reduction of approximately 6.2%[14]. - The company recorded investment income of ¥1,346,628.79, down from ¥1,647,669.58, indicating a decline of about 18.3%[14]. - The financial expenses decreased significantly to ¥1,183,120.06 from ¥2,136,716.69, a reduction of approximately 44.5%[14]. - The company's tax expenses increased to ¥23,166,742.71 from ¥12,252,288.11, reflecting a rise of about 89.1%[14]. Inventory and Capital Management - The company’s inventory decreased to CNY 117,402,287.52 from CNY 130,267,234.85, a reduction of 9.9%[10]. - The company has maintained its capital reserve at CNY 312,938,285.63, indicating stability in its financial structure[20].