NJTC(SH:601975)2023-04-18 16:00Financial Performance - The company's operating revenue for Q1 2023 reached CNY 1,617,832,744.14, representing a year-on-year increase of 47.76%[4] - Net profit attributable to shareholders was CNY 406,012,330.67, a significant increase of 292.67% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 393,078,398.66, up by 281.92% year-on-year[4] - Basic and diluted earnings per share were both CNY 0.08, marking a 300.00% increase year-on-year[4] - The weighted average return on equity rose to 5.35%, an increase of 3.57 percentage points from the previous year[4] - The net profit for Q1 2023 was RMB 409,143,965.32, a significant increase from RMB 106,075,935.00 in Q1 2022, representing a growth of approximately 285%[29] - Operating profit for Q1 2023 reached RMB 476,178,376.05, compared to RMB 141,046,902.68 in the same period last year, indicating a year-over-year increase of about 237%[29] - The total profit for Q1 2023 was RMB 477,257,876.05, up from RMB 141,041,902.68 in Q1 2022, reflecting an increase of approximately 238%[29] Cash Flow - The net cash flow from operating activities was CNY 596,273,809.23, reflecting a substantial increase of 464.29% compared to the previous year[4] - The net cash flow from operating activities for Q1 2023 was ¥596,273,809.23, significantly up from ¥105,667,477.59 in Q1 2022[32] - The total cash inflow from operating activities in Q1 2023 was ¥1,629,661,430.12, compared to ¥941,704,777.81 in Q1 2022[32] - The total cash outflow from operating activities in Q1 2023 was ¥1,033,387,620.89, up from ¥836,037,300.22 in Q1 2022[32] - In Q1 2023, the net cash flow from operating activities was RMB 428,211,803.92, a significant increase from RMB 18,724,092.58 in Q1 2022, reflecting a growth of over 2200%[62] - Total cash inflow from operating activities reached RMB 1,004,406,799.46, compared to RMB 571,246,961.66 in the same period last year, indicating an increase of approximately 75.6%[62] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 10,548,728,638.48, a slight increase of 0.29% from the end of the previous year[18] - The company's total assets amount to RMB 10,548,728,638.48, slightly up from RMB 10,518,714,117.66 in the previous period[48] - Current liabilities total RMB 1,183,550,248.08, down from RMB 1,365,063,121.69 in the previous period, indicating a reduction of approximately 13.3%[48] - Long-term borrowings amount to RMB 920,001,468.70, down from RMB 1,069,659,075.45, reflecting a decrease of about 13.9%[48] - Total assets as of March 31, 2023, amounted to ¥7,361,451,439.58, compared to ¥7,203,030,288.87 at the end of 2022[57] - Total liabilities decreased to ¥1,256,817,206.85 from ¥1,282,883,451.70 year-over-year[58] Shareholder Actions - The company has not conducted any share repurchase transactions due to the sustained high stock price influenced by rising international refined oil market rates[10] - The company plans to repurchase shares at a price not exceeding RMB 2.43 per share, with a total fund allocation between RMB 50 million and RMB 100 million[23] - The company aims to enhance investor confidence through strategic share repurchase initiatives, reflecting a commitment to shareholder value[23] Revenue Drivers - The increase in revenue is primarily attributed to a significant rise in international refined oil freight rates following the outbreak of the Russia-Ukraine conflict, leading to increased foreign trade business income[20] Expenses - The financial expenses for Q1 2023 were RMB 40,554,084.60, which is an increase from RMB 20,102,891.15 in Q1 2022, marking a rise of about 101%[29] - The tax expenses for Q1 2023 amounted to RMB 3,080,346.20, compared to RMB 1,400,621.61 in Q1 2022, showing an increase of approximately 120%[29] - The company's operating expenses, including sales and management costs, have increased, with sales expenses at RMB 11,235,436.32 and management expenses at RMB 23,431,506.65 for Q1 2023[29] Inventory and Receivables - The company reported a decrease in inventory to ¥172,655,013.67 from ¥181,312,483.38 in Q1 2022, suggesting better inventory management[55] - Accounts receivable rose to ¥157,201,406.35 in Q1 2023, compared to ¥114,207,239.61 in Q1 2022, indicating increased sales activity[55]