Huitong Group(SH:603176)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥453,084,423.87, representing a year-on-year increase of 116.17%[3] - The net profit attributable to shareholders was a loss of ¥21,916,800.77, with no applicable percentage change due to the nature of the loss[3] - The net cash flow from operating activities was a negative ¥90,883,423.72, with no applicable percentage change[3] - The basic and diluted earnings per share were both -¥0.05, indicating a reduction in losses compared to the previous year[3] - The weighted average return on net assets was -2.07%, reflecting a decrease in losses compared to the previous year[3] - The net profit for Q1 2023 was -21,625,042.37 RMB, compared to -35,638,731.14 RMB in Q1 2022, showing an improvement of approximately 39.3% year-over-year[14] - Operating profit for Q1 2023 was -21,075,231.50 RMB, an improvement from -37,778,851.54 RMB in the same period last year[14] - The total comprehensive income for Q1 2023 was -21,625,042.37 RMB, compared to -35,638,731.14 RMB in Q1 2022, reflecting a year-over-year improvement[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,290,707,044.40, a decrease of 1.06% compared to the end of the previous year[4] - Shareholders' equity attributable to the parent company was ¥1,049,761,730.83, down 2.16% from the previous year-end[4] - The company's total liabilities were RMB 4,186,411,652.31, down from RMB 4,226,026,042.25, indicating a decrease of about 0.9%[12] - The total current assets decreased to ¥3,376,345,072.77 as of March 31, 2023, down from ¥3,764,491,525.44 at the end of 2022, reflecting a decline of approximately 10.3%[22] - The total non-current assets increased to ¥1,012,367,609.70 in Q1 2023, up from ¥833,890,320.86 at the end of 2022, representing a growth of about 21.5%[22] - The total liabilities decreased to ¥3,446,745,499.34 in Q1 2023, down from ¥3,630,322,393.15 at the end of 2022, indicating a reduction of approximately 5.1%[23] Cash Flow - The cash flow from operating activities showed a net outflow of -90,883,423.72 RMB, an improvement from -274,344,169.17 RMB in Q1 2022[18] - The company reported cash and cash equivalents of 1,038,382,456.25 RMB at the end of Q1 2023, compared to 377,356,435.30 RMB at the end of Q1 2022, indicating a significant increase[19] - The cash inflow from operating activities was approximately $416.79 million, compared to $336.91 million in Q1 2022, representing an increase of about 23.7%[29] - The net cash flow from operating activities was negative $0.87 million in Q1 2023, an improvement from negative $219.75 million in Q1 2022[29] - The cash inflow from sales of goods and services was approximately $409.01 million in Q1 2023, compared to $331.97 million in Q1 2022, marking an increase of about 23.1%[29] Costs and Expenses - The total operating costs for Q1 2023 were RMB 420,856,200.34, compared to RMB 218,628,690.91 in Q1 2022, indicating an increase of about 92.5%[13] - The research and development expenses for Q1 2023 were RMB 206,216.57, indicating ongoing investment in innovation[13] - The cash outflow for employee compensation in Q1 2023 was $28.06 million, an increase of approximately 32.2% from $21.23 million in Q1 2022[29] Shareholder Information - The company has a total of 34,059 common shareholders at the end of the reporting period[8] - The company raised 5,825,900.70 RMB from minority shareholders during Q1 2023[19] Borrowings and Financing - The long-term borrowings increased to RMB 1,128,865,734.94 from RMB 892,687,633.94, representing an increase of approximately 26.5%[12] - The cash flow from financing activities showed a net inflow of 174,275,482.08 RMB, compared to 71,600,840.18 RMB in Q1 2022, indicating a positive trend[19] - The company received $95.18 million from borrowings in Q1 2023, a decrease of about 68% from $297.91 million in Q1 2022[30]