WANXIN MEDIA(SH:601801)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,097,397,317.65, representing an increase of 11.43% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY 337,956,726.43, reflecting a growth of 12.16% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 17.56% to CNY 268,617,110.29[4]. - Total revenue for Q1 2023 reached ¥3,097,397,317.65, an increase of 11.5% compared to ¥2,779,649,705.01 in Q1 2022[17]. - Net profit for Q1 2023 reached approximately 348.89 million RMB, compared to 307.29 million RMB in Q1 2022, representing an increase of around 13.5%[27]. - The company reported a total comprehensive income of approximately 348.89 million RMB for Q1 2023, compared to 282.06 million RMB in Q1 2022, showing a significant increase[27]. - Basic earnings per share for Q1 2023 were 0.17 RMB, up from 0.15 RMB in Q1 2022, reflecting improved profitability[27]. - Operating profit for Q1 2023 was approximately 360.20 million RMB, an increase from 315.59 million RMB in Q1 2022, indicating strong operational performance[26]. Cash Flow - The net cash flow from operating activities surged by 404.54% to CNY 941,452,097.71, primarily due to accelerated sales collection[7]. - The company experienced a net cash inflow from operating activities of approximately 2.47 billion RMB in Q1 2023, compared to 2.32 billion RMB in Q1 2022, indicating strong cash generation[27]. - Operating cash inflow totaled $2,538,638,570.34, an increase from $2,410,914,229.02 year-over-year[29]. - Operating cash outflow decreased to $1,597,186,472.63 from $2,224,317,367.09, resulting in a net cash flow from operating activities of $941,452,097.71, up from $186,596,861.93[29]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 18,299,081,950.23, an increase of 4.53% from the end of the previous year[4]. - Current assets totaled ¥13,498,704,084.49 as of March 31, 2023, up from ¥12,731,321,626.80 at the end of 2022, reflecting a growth of 6.0%[15]. - Total assets amounted to ¥18,299,081,950.23 as of March 31, 2023, compared to ¥17,505,478,102.86 at the end of 2022, indicating an increase of 4.5%[17]. - Total liabilities increased to ¥6,613,920,929.06 in Q1 2023 from ¥6,168,530,182.73 in Q1 2022, marking a rise of 7.2%[17]. Shareholder Equity - The equity attributable to shareholders of the listed company was CNY 11,534,283,361.13, up by 3.02% compared to the end of last year[4]. - The company's equity attributable to shareholders rose to ¥11,534,283,361.13 in Q1 2023, up from ¥11,196,326,634.70 in Q1 2022, reflecting an increase of 3.0%[17]. - The total number of ordinary shareholders at the end of the reporting period was 24,161[8]. Investments and Expenses - The company reported non-recurring gains of CNY 69,339,616.14, primarily from fair value changes of financial assets[7]. - Research and development expenses for Q1 2023 were approximately 3.58 million RMB, slightly up from 3.52 million RMB in Q1 2022, indicating a focus on innovation[26]. - The company reported a significant increase in investment income, totaling approximately 12.41 million RMB in Q1 2023, down from 19.25 million RMB in Q1 2022, reflecting market conditions[26]. - The company’s tax expenses for Q1 2023 were approximately 9.22 million RMB, compared to 5.38 million RMB in Q1 2022, indicating higher profitability[26]. Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16].