Xingtong Shipping(SH:603209)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥339,297,865.72, representing an increase of 89.74% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥77,010,501.70, reflecting a growth of 57.32% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥76,397,463.84, up by 61.23% from the previous year[8]. - The company reported a basic earnings per share of ¥0.39, an increase of 16.68% year-on-year[8]. - The net profit for Q1 2023 was CNY 78,469,807.02, an increase from CNY 48,952,214.19 in Q1 2022, representing a growth of approximately 60.5%[21]. - The total comprehensive income for Q1 2023 was CNY 76,747,281.23, compared to CNY 48,952,214.19 in the same period last year, indicating a year-over-year increase of about 56.8%[22]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.39, up from CNY 0.33 in Q1 2022, reflecting a growth of approximately 18.2%[22]. - The total profit for Q1 2023 was CNY 97,011,259.28, up from CNY 65,715,531.57 in Q1 2022, indicating a growth of about 47.3%[21]. Cash Flow - The net cash flow from operating activities amounted to ¥76,554,621.25, showing a significant increase of 105.52%[8]. - Cash flow from operating activities for Q1 2023 was CNY 76,554,621.25, significantly higher than CNY 37,248,974.75 in Q1 2022, marking an increase of about 105.5%[22]. - The company reported cash inflow from operating activities of CNY 306,743,391.37 in Q1 2023, compared to CNY 174,939,118.73 in Q1 2022, an increase of about 75.4%[22]. - Cash and cash equivalents as of March 31, 2023, amounted to RMB 555,967,301.65, slightly up from RMB 555,305,686.84 at the end of 2022[16]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 555,957,801.65, down from CNY 1,196,001,165.54 at the end of Q1 2022, a decrease of approximately 53.6%[25]. - The net cash flow from financing activities for Q1 2023 was CNY 40,145,793.58, a significant drop from CNY 1,058,035,570.79 in Q1 2022, reflecting a decrease of about 96.2%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,421,002,525.38, which is a 16.31% increase from the end of the previous year[9]. - Total assets as of March 31, 2023, were RMB 3,421,002,525.38, up from RMB 2,941,220,871.39 at the end of 2022, indicating a growth of approximately 16.3%[19]. - Total liabilities increased to RMB 1,207,583,882.69 from RMB 907,171,370.04, representing a rise of about 33.1%[18]. - The company’s equity attributable to shareholders increased to ¥2,109,340,470.82, a rise of 3.70% from the previous year[9]. - The company reported that equity attributable to shareholders rose to RMB 2,109,340,470.82 from RMB 2,034,049,501.35, reflecting an increase of approximately 3.7%[19]. Operational Highlights - The company added 3 domestic trade vessels and 3 foreign trade vessels, which contributed to the increase in operating revenue[10]. - The company experienced a significant increase in cash inflows from services provided, which exceeded cash outflows, contributing to the positive cash flow from operating activities[10]. - Total operating costs for Q1 2023 were RMB 240,676,371.09, compared to RMB 113,394,647.34 in Q1 2022, indicating an increase of about 112.2%[20]. - The company's net profit for Q1 2023 is not explicitly stated, but the substantial increase in revenue suggests a positive trend in profitability[20]. - Accounts receivable increased to RMB 202,289,547.37 from RMB 105,990,187.16, reflecting a growth of approximately 90.5%[17]. - Inventory levels rose to RMB 39,474,861.14, compared to RMB 31,891,050.07, marking an increase of about 23.6%[17]. - The company reported a significant increase in research and development expenses, totaling RMB 343,601.63 in Q1 2023, compared to RMB 338,377.47 in Q1 2022[20].