JiShi Media(SH:601929)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 468,718,657.40, representing a year-on-year increase of 7.19%[4] - The net profit attributable to shareholders of the listed company was CNY 2,085,425.25, a decrease of 82.53% compared to the same period last year[4] - The net profit for Q1 2023 was CNY 4,182,145.84, a decrease of 68.0% compared to CNY 13,063,594.08 in Q1 2022[16] - Operating profit for Q1 2023 was CNY 9,578,126.65, down from CNY 13,302,135.88 in the same period last year[16] - The company reported a total revenue from sales and services of CNY 348,089,419.21 in Q1 2023, up from CNY 290,002,567.38 in Q1 2022, representing an increase of 19.9%[18] - The comprehensive income for Q1 2023 was ¥4,367,225.45, a decrease from ¥41,765,911.42 in Q1 2022, indicating a decline of 90.5%[25] Cash Flow - The net cash flow from operating activities was negative at CNY -44,640,872.18, reflecting an increase of 40.60% in cash outflow[4] - Cash flow from operating activities for Q1 2023 was CNY -44,640,872.18, an improvement from CNY -75,148,828.47 in Q1 2022[18] - The cash inflow from operating activities was $302,981,027.26, a decrease of 6.7% compared to $324,959,207.59 in Q1 2022[27] - The net cash flow from operating activities was -$25,640,262.08, worsening from -$21,813,931.26 in the same quarter last year[27] - The cash inflow from financing activities was $556,098,560.80, significantly higher than $11,612,855.89 in Q1 2022[28] - The net cash flow from financing activities improved to $372,992,387.61 from -$149,803,203.24 in the previous year[28] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 14,997,153,780.69, showing a growth of 2.09% from the end of the previous year[5] - Total assets as of March 31, 2023, amounted to RMB 14.99 billion, compared to RMB 14.69 billion at the end of 2022, indicating a growth of 2.1%[13] - Total liabilities increased to RMB 7.98 billion, up from RMB 7.67 billion at the end of 2022, reflecting a rise of 4.0%[13] - The total liabilities rose to ¥7,769,498,447.24 in Q1 2023, compared to ¥7,444,342,644.08 in Q1 2022, marking an increase of 4.4%[23] Shareholder Information - The company had a total of 84,124 common shareholders at the end of the reporting period[8] Research and Development - The company has allocated RMB 14.21 million for R&D expenses in Q1 2023, consistent with the previous year's spending, indicating a commitment to innovation[15] - Research and development expenses for Q1 2023 were ¥13,283,828.19, slightly up from ¥13,016,771.42 in Q1 2022, indicating a focus on innovation[24] Inventory and Receivables - Accounts receivable rose to RMB 507.24 million, up 27.2% from RMB 399.13 million at the end of 2022[11] - Inventory levels increased to RMB 1.11 billion, a rise of 7.7% from RMB 1.03 billion at the end of 2022[11] - The company's inventory increased to ¥225,682,516.55 in Q1 2023, compared to ¥184,890,207.87 in Q1 2022, reflecting a rise of 22.0%[22] Borrowings - Short-term borrowings rose by 42.72% as a result of increased bank loans[6] - The short-term borrowings increased to ¥850,000,000.00 in Q1 2023 from ¥595,591,608.34 in Q1 2022, representing an increase of 42.7%[23]