G-bits(SH:603444)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 1,144,370,036.56, representing a year-on-year decrease of 6.90%[14] - Net profit attributable to shareholders for Q1 2023 was CNY 306,552,774.63, down 12.33% compared to the same period last year[14] - The company's first-quarter revenue from "Wandao Mobile" decreased year-on-year, influenced by increased offline liquidity and reduced online gaming time[36] - The net profit attributable to shareholders decreased compared to the previous quarter, impacted by various factors including year-end bonus distributions[46] - The total profit for Q1 2023 reached ¥245,676,783.57, compared to ¥33,769,493.28 in the same period last year, indicating a year-over-year increase of about 627%[94] - The net profit for Q1 2023 was ¥234,983,603.03, a significant increase from ¥23,523,594.25 in Q1 2022, representing a growth of approximately 900%[94] - The total profit for Q1 2023 was approximately ¥456.67 million, a decrease of 17.4% from ¥553.09 million in Q1 2022[86] Cash Flow - The net cash flow from operating activities decreased by 25.11% year-on-year, amounting to CNY 245,586,232.47[14] - The company's net cash flow from investing activities was negative at -¥320,808,524.32, a decrease of 4,228.02% compared to the previous year, primarily due to higher purchases of financial products[49] - The net cash flow from financing activities was negative at -¥10,624,977.96, a decrease of 3,940.32% year-on-year, related to profit distribution and tax withholdings[49] - The company's cash flow from operating activities for Q1 2023 was ¥245,586,232.47, down from ¥327,911,346.27 in Q1 2022, indicating a decrease of about 25%[62] - The company's cash flow from investing activities in Q1 2023 was ¥852,550,000.00, down from ¥1,094,500,000.00 in Q1 2022, indicating a decrease of about 22.14%[62] - The net cash flow from financing activities in Q1 2023 was approximately -¥10.62 million, compared to -¥262,973.37 in Q1 2022[89] Assets and Liabilities - The total assets as of the end of Q1 2023 were CNY 6,799,909,183.78, reflecting a 4.77% increase from the end of the previous year[15] - The total liabilities decreased to ¥166,273,145.45 as of March 31, 2023, compared to ¥215,109,291.77 as of December 31, 2022, reflecting a reduction of approximately 22.73%[67] - The total assets as of March 31, 2023, amounted to ¥3,338,669,209.81, an increase from ¥3,129,164,508.99 at the end of 2022, showing a growth of about 6.7%[100] - The total liabilities decreased from ¥209,860,298.35 at the end of Q1 2022 to ¥160,981,995.06 in Q1 2023, indicating a reduction of approximately 23%[100] Employee Metrics - The average monthly employee count for Q1 2023 was approximately 1,292, an increase of about 286 employees or 28% year-on-year[19] - The total number of employees at the end of the reporting period was 1,296, an increase of 3.35% from the previous year, mainly due to the growth in game development personnel[40] Research and Development - Research and development expenses for Q1 2023 were ¥34,878,719.52, down from ¥43,782,346.81 in Q1 2022, showing a decrease of approximately 20.3%[67] - Research and development expenses for Q1 2023 were approximately ¥174.40 million, slightly up from ¥170.29 million in Q1 2022[85] Other Financial Metrics - The company reported a foreign exchange loss of CNY 25,343,200.00 in Q1 2023, an increase of CNY 15,807,900.00 compared to the same period last year[19] - The company received government subsidies amounting to CNY 25,401,665.11 during the reporting period[26] - The company reported a 68.13% increase in other income, totaling ¥31,937,678.19 in Q1 2023 compared to ¥18,996,070.23 in the same period last year, attributed to higher government subsidies received[75] - Investment income surged by 418.96%, reaching ¥43,416,905.54 in Q1 2023, up from ¥8,366,138.99 in Q1 2022, reflecting increased returns from joint ventures[75]