GS(SH:601500)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,049,134,554.62, representing a decrease of 7.57% compared to the same period last year[5] - Net profit attributable to shareholders was ¥11,148,617.50, an increase of 50.29% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,030,857.42, showing a significant increase of 190.32%[5] - Total operating revenue for Q1 2023 was ¥1,049,134,554.62, a decrease of 7.58% compared to ¥1,135,059,141.53 in Q1 2022[19] - Net profit for Q1 2023 was ¥11,205,922.23, an increase of 75.00% from ¥6,398,174.87 in Q1 2022[20] - Operating profit for Q1 2023 was ¥11,522,429.97, compared to ¥5,152,229.47 in Q1 2022, reflecting a significant improvement[19] - Total comprehensive income for Q1 2023 was ¥6,557,604.43, compared to ¥1,639,698.57 in Q1 2022, indicating a strong recovery[20] Cash Flow - The net cash flow from operating activities was -¥26,035,287.63, a decrease of 755.92% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was negative at -¥26,035,287.63, compared to a positive cash flow of ¥3,969,255.63 in Q1 2022[23] - The net cash flow from investing activities was -$85.51 million, an improvement from -$164.93 million in the previous period[25] - Total cash inflow from financing activities reached $2.26 billion, significantly higher than $635.58 million in the prior period[25] - The net cash flow from financing activities was $1.12 billion, compared to $192.78 million previously[25] - The net increase in cash and cash equivalents for the period was $1.01 billion, a significant rise from $31.48 million previously[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,162,107,006.19, an increase of 10.53% from the end of the previous year[6] - The company's total assets reached RMB 10,162,107,006, an increase from RMB 9,194,064,886 at the end of 2022[16] - The company's total liabilities decreased slightly to RMB 4,842,089,118 from RMB 4,883,999,855[16] - The equity attributable to shareholders rose to RMB 5,312,656,815, compared to RMB 4,302,761,262 at the end of 2022[16] Shareholder Information - Shareholders' equity attributable to the parent company was ¥5,312,656,815.26, up 23.47% from the previous year[6] - The total number of ordinary shareholders at the end of the reporting period was 38,287[11] - The company raised a total of 292,528,735 shares in a private placement, with net proceeds amounting to approximately RMB 1,003,395,254[13] - The company's total number of shares outstanding increased to 1,581,123,135 following the completion of the private placement[13] Expenses - Total operating costs for Q1 2023 were ¥1,051,076,112.66, down 6.50% from ¥1,124,193,551.54 in Q1 2022[19] - Research and development expenses for Q1 2023 were ¥11,150,906.48, down 22.00% from ¥14,371,793.25 in Q1 2022[19] - The company reported a decrease in sales expenses to ¥29,131,603.27 in Q1 2023 from ¥32,508,123.38 in Q1 2022, reflecting cost control measures[19] Inventory and Receivables - The company reported a decrease in accounts receivable to RMB 866,054,599 from RMB 889,888,236[14] - The company’s inventory decreased to RMB 1,655,592,450 from RMB 1,773,425,766, reflecting improved inventory management[14] Borrowings - The company’s long-term borrowings increased to RMB 848,704,488 from RMB 740,844,080, indicating a rise in leverage[16] Other Financial Metrics - The basic earnings per share for the period was ¥0.01, compared to ¥0.00 in the same period last year[6] - The weighted average return on equity increased by 29.41 percentage points to 0.22%[6] - The company reported non-recurring gains of ¥10,117,760.08 for the period[9] - The company did not apply new accounting standards or interpretations for the first time in 2023[25]