New East(SH:603110)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥83,580,618.23, representing a year-on-year increase of 0.72%[4] - Net profit attributable to shareholders was ¥4,474,102.33, showing a significant increase of 234.12% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,538,243.04, reflecting a remarkable increase of 529.79%[4] - Basic earnings per share (EPS) was ¥0.02, which is a 100% increase year-on-year[4] - The net profit for Q1 2023 was CNY 4,474,102.33, a significant increase from CNY 1,339,070.68 in Q1 2022, representing a growth of approximately 234%[18] - Operating profit for Q1 2023 reached CNY 5,925,610.02, compared to CNY 2,508,541.18 in the same period last year, indicating an increase of about 136%[18] - Total revenue from sales of goods and services was CNY 112,438,337.01, up from CNY 103,663,896.56 in Q1 2022, reflecting an increase of approximately 8%[19] - The company reported a total comprehensive income of CNY 4,474,102.33 for Q1 2023, compared to CNY 1,339,070.68 in Q1 2022, marking a growth of around 234%[18] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.02, up from CNY 0.01 in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥813,429,998.54, a decrease of 1.81% from the end of the previous year[5] - Shareholders' equity attributable to shareholders was ¥671,568,520.59, an increase of 0.67% compared to the end of the previous year[5] - The total assets as of March 31, 2023, were RMB 813,429,998.54, down from RMB 828,464,108.16 at the end of 2022, a decrease of about 1.8%[15] - Total liabilities decreased to RMB 141,861,477.95 from RMB 161,369,689.90, a reduction of approximately 12.0%[14] Cash Flow and Investments - The company's cash and cash equivalents increased to RMB 188,616,558.59 as of March 31, 2023, compared to RMB 142,172,793.74 at the end of 2022, reflecting a growth of approximately 32.6%[12] - Cash flow from operating activities generated a net amount of CNY 14,011,646.37, a turnaround from a negative cash flow of CNY -6,213,441.95 in Q1 2022[20] - Investment activities generated a net cash flow of CNY 31,474,717.46, compared to a negative cash flow of CNY -29,218,048.92 in the previous year[20] - The company recorded a total cash inflow from investment activities of CNY 132,481,962.32, compared to CNY 80,788,446.17 in Q1 2022, indicating a growth of approximately 64%[20] - The company’s total operating cash outflow was CNY 99,872,911.76, down from CNY 111,061,308.70 in Q1 2022, showing a reduction of about 10%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,505[9] - The largest shareholder, Xu Guangbin, holds 29.90% of the shares, with 24,616,400 shares pledged[9] Cost Management - Total operating costs decreased to RMB 79,072,821.05 in Q1 2023 from RMB 81,664,468.47 in Q1 2022, a reduction of about 3.9%[16] - The net profit margin improved, with operating profit increasing due to reduced costs, although specific profit figures were not disclosed[16] Research and Development - Research and development expenses for Q1 2023 were RMB 3,104,943.40, up from RMB 2,856,683.36 in Q1 2022, indicating an increase of about 8.7%[16] Non-Recurring Gains - The company reported non-recurring gains of ¥935,859.29 for the period, primarily due to government subsidies and other non-operating income[7]