Xiantong Stock(SH:603239)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 223,798,021.50, representing a year-on-year increase of 0.90%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 30,371,276.15, a decrease of 15.97% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was CNY 0.11, down by 15.38% year-on-year[6] - The weighted average return on equity for Q1 2023 was 2.97%, a decrease of 0.53 percentage points compared to the end of the previous year[6] - The company's net profit for Q1 2023 is not explicitly stated, but the increase in total revenue and costs suggests a focus on maintaining profitability amidst rising expenses[18] - In Q1 2023, the company's net profit was CNY 30,371,276.15, a decrease of 16.5% compared to CNY 36,144,473.51 in Q1 2022[20] - The company reported a total profit of CNY 33,986,631.81, down from CNY 41,757,781.33 in the previous year, reflecting a decline of 18.6%[20] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 1,269,113,495.60, an increase of 0.95% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q1 2023 was CNY 1,036,294,953.49, reflecting a year-on-year increase of 3.02%[6] - The company's total assets increased to CNY 1,269,113,495.60 from CNY 1,257,147,963.08, indicating growth in the asset base[17] - Total liabilities decreased to CNY 232,818,542.11 from CNY 251,224,285.74, a reduction of approximately 7.3%, reflecting a stronger balance sheet[16] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 17,535,050.46, data not applicable for year-on-year comparison[5] - The company reported a significant increase in cash flow from operating activities, although specific figures are not provided, highlighting operational efficiency[18] - The net cash flow from operating activities improved to CNY 17,535,050.46, compared to a negative cash flow of CNY -11,179,635.61 in Q1 2022[21] - Investment activities generated a net cash flow of CNY 11,475,805.68, recovering from a negative cash flow of CNY -14,809,957.72 in Q1 2022[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,183[11] - The top shareholder, Taizhou Wucheng Industrial Development Co., Ltd., held 29.09% of the shares, totaling 78,750,000 shares[12] Operating Costs and Expenses - Total operating costs for Q1 2023 amounted to CNY 191,895,052.72, compared to CNY 185,660,910.52 in Q1 2022, reflecting an increase of about 3.3%[18] - The company incurred a total operating expense of CNY 185,339,333.64, compared to CNY 159,777,950.30 in the same quarter last year, indicating a rise of 15.9%[21] - Research and development expenses for Q1 2023 were CNY 10,219,370.05, up from CNY 9,129,166.63 in Q1 2022, indicating a commitment to innovation[18] Cash and Inventory Management - Cash and cash equivalents as of March 31, 2023, were CNY 53,814,103.91, significantly up from CNY 21,031,111.01 at the end of 2022, indicating improved liquidity[14] - Accounts receivable decreased to CNY 270,555,534.08 from CNY 344,771,721.28, a reduction of approximately 21.5%, which may indicate improved collection efficiency[14] - Inventory levels decreased to CNY 162,257,801.30 from CNY 177,343,161.12, a decline of about 8.5%, suggesting better inventory management[15] Taxation - The company paid CNY 17,622,827.92 in taxes, a decrease from CNY 19,121,686.29 in Q1 2022[21] Foreign Exchange Impact - The company recorded a foreign exchange impact on cash and cash equivalents, although specific figures were not disclosed in the report[21]