XTL(SH:603022)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 193,456,346.98, representing an increase of 11.84% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was CNY 10,778,100.24, reflecting a growth of 34.73% year-over-year[5] - The net cash flow from operating activities reached CNY 36,817,420.76, a significant increase of 2,777.78% compared to the previous year[5] - Total operating revenue for Q1 2023 reached ¥193,456,346.98, an increase of 11.5% compared to ¥172,969,364.42 in Q1 2022[19] - Operating profit for Q1 2023 was ¥13,842,612.82, up 28.5% from ¥10,833,514.27 in the same period last year[20] - Net profit for Q1 2023 was ¥10,766,136.92, representing a 34.5% increase from ¥7,999,749.08 in Q1 2022[20] - The company reported a net cash flow from operating activities of ¥36,817,420.76, significantly higher than ¥1,279,370.11 in Q1 2022[23] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 1,001,918,884.98, showing a slight increase of 0.19% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to RMB 1,001,918,884.98, a slight increase from RMB 1,000,068,559.18 at the end of 2022[16][17] - Total current liabilities decreased to RMB 233,162,349.41 from RMB 240,867,330.90, reflecting a reduction of approximately 3.0%[18] - The company's total equity increased to RMB 742,828,530.45 from RMB 731,670,205.98, showing a growth of about 1.6%[18] - The company maintained a stable short-term borrowing level at RMB 59,000,000.00, unchanged from the previous period[17] - The company maintained a stable borrowing level with ¥30,000,000.00 in loans received in both Q1 2023 and Q1 2022[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,747[12] - The company has a total of 86,189,100 shares held by its largest shareholder, indicating significant ownership concentration[13] Expenses and Costs - The company experienced an 81.38% increase in selling expenses year-to-date, mainly due to higher salaries and social security contributions for sales personnel[9] - The company’s research and development expenses decreased by 58.09% year-to-date, attributed to reduced investment in R&D during the reporting period[9] - Research and development expenses decreased to ¥4,106,286.12 in Q1 2023 from ¥9,797,613.23 in Q1 2022, a reduction of 58%[19] - Total operating costs for Q1 2023 were ¥179,009,879.75, an increase of 10.3% from ¥162,242,724.44 in Q1 2022[19] Cash and Receivables - The company's cash and cash equivalents increased to RMB 165,363,339.60 from RMB 135,880,295.70, representing a growth of approximately 21.6%[16] - Accounts receivable decreased to RMB 228,548,488.23 from RMB 251,924,569.02, indicating a decline of about 9.2%[16] - The company reported a 69.55% increase in accounts receivable financing year-to-date, primarily due to the receipt of bank acceptance bills during the reporting period[9] Management and Reporting - The company reported its first quarter results for 2023 on April 23, 2023[24] - The management team includes Xu Wei as the company leader, Huang Yu as the head of accounting, and Wang Yanjun as the head of the accounting institution[24] - The board of directors of Shanghai Xintonglian Packaging Co., Ltd. announced the financial results[24] - The document contains a total of 13 pages, indicating a comprehensive report[24] Additional Notes - The financial statements for the year have been adjusted due to the first-time implementation of new accounting standards[24] - The report indicates that the company is not applicable for the new accounting standards[24] - There are no specific performance metrics or user data provided in the document[24] - Future outlook and performance guidance are not detailed in the report[24] - No information on new products, technologies, market expansion, or mergers and acquisitions is included[24] - The report does not provide any numerical data or percentage changes related to financial performance[24]