CCSC(SH:601375)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 463,516,307.36, representing a year-on-year increase of 19.31%[8] - The net profit attributable to shareholders for Q1 2023 was CNY 70,497,329.89, showing a significant increase of 282.45% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,800,558.77, reflecting a remarkable growth of 364.58%[8] - The basic earnings per share for Q1 2023 was CNY 0.02, which is a 400.00% increase year-on-year[8] - The company reported a total profit of CNY 70,949,156.91 for Q1 2023, compared to CNY 13,848,578.24 in Q1 2022, indicating a substantial increase[35] - Net profit for Q1 2023 reached CNY 66,192,766.10, up from CNY 13,161,273.60 in Q1 2022, marking a growth of 402.5%[35] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 53,811,410,944.62, an increase of 7.23% from the end of the previous year[10] - The total assets as of March 31, 2023, amounted to 53,811,410,944.62 CNY, up from 50,182,639,547.46 CNY year-over-year[31] - The total liabilities increased to 39,553,104,868.76 CNY from 35,975,265,974.01 CNY, indicating a rise in financial obligations[31] - The company’s total liabilities and equity reached CNY 53,811,410,944.62, an increase of 7.3% from the previous year[32] Cash Flow - The net cash flow from operating activities for Q1 2023 was negative at CNY -1,887,075,641.20, indicating a significant cash outflow[8] - In Q1 2023, the net cash flow from operating activities was -1,887,075,641.20 CNY, compared to -1,071,347,955.01 CNY in Q1 2022, indicating a decline in operational efficiency[22] - Total cash inflow from investment activities was 1,093,490,907.89 CNY, significantly up from 85,123,514.26 CNY in the same period last year[22] - The net cash flow from financing activities was 1,224,697,087.48 CNY, an increase from 871,220,914.80 CNY in Q1 2022, reflecting improved financing conditions[22] - The cash flow from other operating activities was 62,412,800.99 CNY, down from 107,858,711.97 CNY in Q1 2022, indicating reduced operational cash generation[22] Shareholder Equity - The equity attributable to shareholders at the end of Q1 2023 was CNY 13,813,066,111.24, a slight increase of 0.40% compared to the end of the previous year[10] - The total equity remained stable at 4,642,884,700.00 CNY, unchanged from the previous year[31] Income Sources - Interest and commission income received in Q1 2023 was 462,578,524.04 CNY, down from 633,142,821.07 CNY in Q1 2022, showing a decrease in revenue from these sources[22] - The company experienced a decrease in net commission income from CNY 303,072,410.64 in Q1 2022 to CNY 175,921,184.98 in Q1 2023, a decline of 42.0%[32] - Net interest income rose to CNY 39,689,917.61, compared to CNY 9,769,477.43 in the same period last year, reflecting a significant increase[32] Government Support - The company received government subsidies amounting to CNY 9,462,931.04 during the reporting period, primarily related to government support[10] Other Comprehensive Income - Other comprehensive income attributable to shareholders of the parent company showed a loss of CNY 15,260,263.69 in Q1 2023, compared to a loss of CNY 4,823,195.74 in Q1 2022[35]