Ellington(SH:603328)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 789,855,508.72, representing a year-on-year increase of 10.68%[4] - The net profit attributable to shareholders was RMB 76,559,123.97, showing a significant increase of 101.17% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 73,768,842.14, up by 93.54% year-on-year[4] - Basic and diluted earnings per share were both RMB 0.077, reflecting a year-on-year increase of 102.63%[7] - Total operating revenue for Q1 2023 reached ¥789,855,508.72, an increase of 10.67% compared to ¥713,663,198.50 in Q1 2022[17] - Net profit for Q1 2023 was ¥76,559,123.97, representing a significant increase of 101.06% from ¥38,057,858.91 in Q1 2022[18] - The total comprehensive income for Q1 2023 was CNY 74,827,823.34, compared to CNY 37,581,312.10 in Q1 2022, representing a growth of approximately 99.5%[19] - Basic and diluted earnings per share for Q1 2023 were CNY 0.077, up from CNY 0.038 in Q1 2022, indicating a 102.6% increase[19] Cash Flow and Investments - The net cash flow from operating activities reached RMB 275,874,034.18, an increase of 63.42% year-on-year, primarily due to higher sales collections[4] - Cash inflow from investment activities in Q1 2023 totaled CNY 291,755,674.81, significantly higher than CNY 1,501,677.66 in Q1 2022[22] - Cash outflow from investment activities in Q1 2023 was CNY 956,632,367.67, compared to CNY 434,068,384.98 in Q1 2022, resulting in a net cash flow from investment activities of -CNY 664,876,692.86[23] - Cash flow from financing activities in Q1 2023 was CNY 150,126,882.30, down from CNY 385,103,499.13 in Q1 2022[23] - The ending cash and cash equivalents balance for Q1 2023 was CNY 555,463,772.81, a decrease from CNY 1,428,995,217.50 in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were RMB 5,102,913,714.03, a 3.58% increase from the end of the previous year[5] - Total assets as of March 31, 2023, were ¥5,102,913,714.03, an increase from ¥4,926,359,058.23 at the end of 2022[15] - Total liabilities as of March 31, 2023, were ¥1,452,379,044.96, compared to ¥1,350,652,212.50 at the end of 2022, reflecting an increase of 7.54%[15] Research and Development - Research and development expenses in Q1 2023 amounted to ¥30,709,508.74, compared to ¥25,697,764.51 in Q1 2022, indicating a year-over-year increase of 19.63%[18] Shareholder Equity and Government Support - Shareholders' equity attributable to the parent company was RMB 3,650,534,669.07, up by 2.09% from the previous year[5] - The company received government subsidies amounting to RMB 1,710,698.50 during the reporting period[6] Future Plans - The company plans to continue investing in new product development and market expansion strategies to drive future growth[18] Miscellaneous - As of March 31, 2023, the company had utilized a total of RMB 1,308,151,800 in raised funds, with a remaining balance of RMB 185,342,200[11] - The company reported a weighted average return on equity of 2.12%, an increase of 1 percentage point compared to the previous year[4] - Cash and cash equivalents as of March 31, 2023, were ¥565,303,866.92, down from ¥802,551,289.06 at the end of 2022[14] - The increase in financial investments, particularly in debt investments, rose to ¥879,663,833.72 as of March 31, 2023, from ¥752,325,146.18 at the end of 2022[14] - The company reported a net profit of CNY 1,678,522.90 from the merged entity prior to consolidation, compared to CNY 2,585,737.01 in the previous period[19] - The company received CNY 40,063,253.79 in tax refunds during Q1 2023, down from CNY 55,064,022.84 in Q1 2022[22] - The company paid CNY 134,656,904.66 in employee compensation in Q1 2023, an increase from CNY 113,513,945.95 in Q1 2022, reflecting a growth of 18.6%[22]