Bestlink Technologies (SH:603206)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 838,192,352.94, representing a year-on-year increase of 17.36%[4] - The net profit attributable to shareholders for the same period was CNY 33,001,648.12, reflecting a growth of 15.36% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,312,293.24, which is an increase of 16.04% year-on-year[4] - Operating profit for Q1 2023 was ¥36,081,372.94, up from ¥31,478,156.21 in Q1 2022, reflecting a growth of 14.5%[16] - Net profit for Q1 2023 was ¥33,001,648.12, compared to ¥28,607,668.42 in Q1 2022, representing an increase of 15.5%[17] - Revenue for Q1 2023 was approximately ¥637.38 million, a decrease of 2.4% compared to ¥655.93 million in Q1 2022[25] - Operating profit for Q1 2023 increased to ¥28.58 million, up 2.4% from ¥27.91 million in Q1 2022[26] - Net profit for Q1 2023 was ¥27.34 million, representing a 5.0% increase from ¥26.04 million in Q1 2022[26] Cash Flow - The net cash flow from operating activities was negative at CNY -499,155,696.83, indicating a significant cash outflow[4] - Cash inflow from operating activities was ¥1,080,294,816.34 in Q1 2023, compared to ¥926,114,430.72 in Q1 2022, indicating a growth of 16.6%[19] - The company's cash flow from sales of goods and services was ¥1,044,232,525.38 in Q1 2023, compared to ¥892,112,930.32 in Q1 2022, reflecting a growth of 17.0%[19] - The net cash flow from operating activities was -499,155,696.83 RMB, compared to -453,833,383.33 RMB in the previous year, indicating a decline in operational cash flow[20] - Cash flow from operating activities showed a net outflow of approximately ¥484.94 million in Q1 2023, compared to an outflow of ¥450.38 million in Q1 2022[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,522,946,309.46, a slight increase of 0.03% from the end of the previous year[5] - The total liabilities decreased slightly to ¥2,405,783,112.01 in Q1 2023 from ¥2,437,223,268.98 in Q1 2022[14] - The company's total current liabilities decreased to CNY 1,508,509,634.77 from CNY 1,757,377,849.17, a reduction of approximately 14.1%[13] - The company reported a total asset decrease from 4,264,518,898.36 RMB to 4,167,692,411.67 RMB, reflecting a reduction in overall asset value[22] - The total liabilities decreased from 2,229,161,388.82 RMB to 2,105,086,313.39 RMB, indicating a reduction in financial obligations[23] Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was CNY 2,117,163,197.45, up by 1.58% from the previous year[5] - The total equity attributable to shareholders increased to ¥2,117,163,197.45 in Q1 2023 from ¥2,084,266,361.55 in Q1 2022, marking a growth of 1.6%[15] - The company’s total equity increased from 2,035,357,509.54 RMB to 2,062,606,098.28 RMB, reflecting a growth in shareholder value[23] Inventory and Receivables - Inventory increased significantly to CNY 2,010,942,661.88 from CNY 1,697,609,526.62, reflecting an increase of approximately 18.4%[13] - Accounts receivable stood at CNY 1,337,403,513.47, a slight decrease from CNY 1,363,136,915.14, indicating a reduction of about 1.9%[12] - The accounts receivable decreased from 1,242,614,783.02 RMB to 1,161,277,352.36 RMB, suggesting improved collection efforts[21] Expenses - Research and development expenses remained stable at ¥29,489,041.10 in Q1 2023, slightly up from ¥29,373,147.94 in Q1 2022[15] - The total operating costs for Q1 2023 were ¥811,994,215.41, an increase of 17.3% from ¥692,287,571.12 in Q1 2022[15] - Sales expenses increased to ¥13.06 million in Q1 2023, compared to ¥9.70 million in Q1 2022, reflecting a rise of 34.5%[25] - Financial expenses decreased significantly to ¥1.60 million in Q1 2023 from ¥3.06 million in Q1 2022, a reduction of 47.8%[25] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[30]