GOLDENSEA(SH:603311)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 205,975,212.83, representing a year-on-year increase of 2.23%[5] - The net profit attributable to shareholders decreased by 11.65% to CNY 20,106,941.55 compared to the same period last year[5] - Basic and diluted earnings per share both decreased by 18.18% to CNY 0.09[5] - The net profit for Q1 2023 was CNY 20,106,941.55, a decrease of 11.5% compared to CNY 22,758,304.16 in Q1 2022[19] - The total profit for Q1 2023 was CNY 24,089,080.18, down from CNY 25,150,801.64 in the same period last year, reflecting a decline of 4.2%[19] - Operating profit for Q1 2023 was CNY 24,074,267.41, compared to CNY 25,125,462.49 in Q1 2022, indicating a decrease of 4.2%[19] - The company's total comprehensive income for Q1 2023 was CNY 23,626,639.45, an increase from CNY 21,545,104.03 in Q1 2022, marking an increase of 9.7%[20] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 92.30% to CNY 32,387,252.79[5] - Cash flow from operating activities generated a net amount of CNY 32,387,252.79, significantly up from CNY 16,842,120.30 in Q1 2022, representing an increase of 92.5%[22] - Cash and cash equivalents as of March 31, 2023, totaled CNY 631,915,123.22, compared to CNY 628,104,211.94 at the end of 2022[14] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 562,620,339.98, down from CNY 598,556,532.73 at the beginning of the quarter[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,616,974,947.62, a decrease of 0.55% from the end of the previous year[6] - Total assets as of March 31, 2023, were CNY 1,616,974,947.62, a decrease from CNY 1,625,877,731.57 at the end of 2022[17] - Total liabilities as of March 31, 2023, were CNY 369,612,029.61, down from CNY 402,136,634.77 at the end of 2022[16] - The company's total equity as of March 31, 2023, was CNY 1,247,362,918.01, an increase from CNY 1,223,741,096.80 at the end of 2022[17] - The equity attributable to shareholders increased by 1.93% to CNY 1,247,362,918.01 compared to the end of the previous year[6] Operational Efficiency - The company optimized its receivables structure, leading to improved cash flow and inventory turnover rates[8] - Total operating costs for Q1 2023 were CNY 184,904,102.68, up 3.80% from CNY 178,203,930.96 in Q1 2022[18] - Gross profit for Q1 2023 was CNY 21,071,110.15, reflecting a gross margin of approximately 10.21%[18] - Research and development expenses for Q1 2023 amounted to CNY 3,542,411.58, slightly increasing from CNY 3,410,962.02 in Q1 2022[18] - Accounts receivable increased to CNY 203,703,351.14 as of March 31, 2023, compared to CNY 190,739,065.36 at the end of 2022[14] - Inventory as of March 31, 2023, was CNY 159,688,668.40, down from CNY 172,237,122.80 at the end of 2022[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,570[10] Government Support - The company received government subsidies amounting to CNY 2,564,205.24, which are included in the current period's profit[7] Foreign Exchange Impact - The company incurred a foreign exchange loss of CNY 498,719.79 in Q1 2023, compared to a loss of CNY 1,669,497.70 in Q1 2022[24] Taxation - The company’s income tax expense for Q1 2023 was CNY 3,982,138.63, up from CNY 2,392,497.48 in Q1 2022, indicating an increase of 66.4%[19]