NSC(SH:601990)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 642,689,658.07, representing a year-on-year increase of 63.35%[3] - Net profit attributable to shareholders was CNY 216,621,076.59, reflecting a 73.02% increase compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 209,344,786.25, up by 67.19% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.06, marking a 100% increase year-on-year[3] - Net profit for Q1 2023 was RMB 216.40 million, a significant increase from RMB 126.13 million in Q1 2022[14] Cash Flow - The net cash flow from operating activities was negative at CNY -1,078,669,093.23, a decrease of 153.06% compared to the previous year[3] - The company reported a net cash outflow from operating activities of RMB 1.08 billion, compared to an inflow of RMB 2.03 billion in the same period last year[17] - Cash inflow from financing activities totaled RMB 1.23 billion, primarily from bond issuance, while cash outflow for debt repayment was RMB 1.03 billion[17] - Net cash flow from financing activities was $168.32 million, a significant improvement from a net outflow of $2.48 billion in the previous period[19] - Cash outflows from financing activities totaled $1.06 billion, a decrease from $2.54 billion in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 55,174,051,638.71, an increase of 6.80% from the end of the previous year[3] - The total liabilities increased to ¥37,986,490,657.99 from ¥34,810,587,825.56, indicating a rise of approximately 6.3%[12] - The company's total receivables increased slightly to ¥34,329,336.57 from ¥33,172,947.37, reflecting a growth of about 3.5%[11] - The company's total liabilities to equity ratio remained stable, indicating a balanced financial structure despite the increase in total liabilities[12] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 16,846,535,356.74, up by 2.04% from the previous year[3] - The total number of common shareholders at the end of the reporting period was 153,024[7] Government Support - The company received government subsidies amounting to CNY 11,236,301.81 during the reporting period[5] Revenue Sources - The increase in operating revenue was primarily driven by gains from fair value changes and increased investment income[6] - Net interest income increased to RMB 246.77 million, up from RMB 215.93 million, with interest income rising to RMB 419.36 million[13] - Net commission and fee income decreased to RMB 148.45 million from RMB 189.48 million, with brokerage business net commission income dropping to RMB 102.53 million[13] - Investment income surged to RMB 149.86 million, compared to RMB 51.77 million in the previous year[14] Expenses - Total operating expenses rose to RMB 351.15 million, up from RMB 252.05 million, primarily driven by business and management fees[14] Other Financial Metrics - Other comprehensive income after tax increased significantly to RMB 120.67 million, compared to RMB 3.06 million in the previous year[14] - The company's cash and cash equivalents decreased to ¥11,241,008,878.09 from ¥11,994,377,731.45, reflecting a decline of about 6.3%[10] - The company's borrowings under short-term financing decreased to ¥22,124,958.70 from ¥24,618,349.59, a decline of about 10.1%[11] - The company's financial investments in trading financial assets increased to ¥8,395,093,575.16 from ¥6,968,094,412.24, a growth of approximately 20.5%[11] Market Activity - The company has not reported any new product launches or significant market expansions during this quarter[9]