CIG(SH:603083)2023-04-17 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥1,074,143,110.71, representing a year-on-year increase of 124.98%[4] - Net profit attributable to shareholders of the listed company was ¥71,472,455.19, with a significant increase in cash flow from operating activities, which amounted to ¥116,500,738.35, up 456.94% year-on-year[4] - The basic and diluted earnings per share were both ¥0.27, reflecting a strong performance in the current quarter[4] - The weighted average return on equity increased by 9.97 percentage points to 3.63%[4] - The net profit for Q1 2023 was 71,472,455.19, a significant recovery from a net loss of 107,247,686.39 in the same period last year, marking a turnaround of approximately 166.6%[38] - The company's operating profit for Q1 2023 was 70,736,514.82, a recovery from an operating loss of 107,767,473.54 in the previous year[38] - The basic earnings per share for Q1 2023 was 0.27, compared to a loss per share of 0.42 in the same quarter last year[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,136,585,872.75, a decrease of 1.82% compared to the end of the previous year[4] - The total assets decreased from 5,231,843,411.79 to 5,136,585,872.75, reflecting a decline of about 1.8% year-over-year[34] - The total liabilities decreased from 3,306,155,227.56 to 3,123,549,880.60, indicating a reduction of approximately 5.5%[35] - The company's cash and cash equivalents showed a decrease in current assets from 3,831,891,336.22 to 3,774,540,292.29, a decline of about 1.5%[34] - The company's inventory decreased from 1,729,539,689.38 to 1,622,552,938.68, a reduction of approximately 6.2%[34] - The total equity increased slightly from 1,327,398,161.49 to 1,341,543,119.36, reflecting a growth of about 1.1%[35] Cash Flow - The company reported a net cash flow from operating activities of RMB 116,500,700 during the reporting period[32] - In Q1 2023, the cash inflow from operating activities was approximately $1.48 billion, a significant increase of 112.6% compared to $696.96 million in Q1 2022[40] - The net cash outflow from investing activities was approximately -$28.58 million, an improvement from -$69.36 million in the same period last year[41] - The cash inflow from financing activities totaled approximately $591.57 million, up from $422.06 million in Q1 2022, marking a 40.2% increase[41] - The net cash flow for the quarter was approximately $121.49 million, compared to a net decrease of -$23.56 million in Q1 2022[41] - The ending cash and cash equivalents balance was approximately $476.19 million, significantly higher than $201.75 million at the end of Q1 2022, reflecting a 135.5% increase[41] Operational Highlights - The company has a strong order backlog due to robust demand in domestic and international communication infrastructure and broadband access markets[32] - The company is focusing on significant growth in areas such as data communication and telecom high-speed optical modules, wireless home routers, overseas 5G small base stations, and telecom broadband access[32] Shareholder Information - There are no significant changes in the number of shareholders or voting rights recovery for preferred shareholders reported[13] - The company has established a relationship with major shareholders, including Cambridge Industries Company Limited and Hong Kong CIG Holding Company, Limited, under the same control[20] - The company has signed a concerted action agreement with Zhao Haibo, the actual controller of Shanghai Kangling Technology Partnership, indicating strategic alignment among key stakeholders[20] Non-Recurring Items - The company reported a non-recurring profit of ¥1,108,711.46 for the period, primarily from government subsidies and other non-operating income[11] - The company has not identified any non-recurring gains or losses that would affect the regular business operations[6]