Nacity Servic(SH:603506)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 465,085,326.94, representing a year-on-year increase of 12.16%[5] - Net profit for the same period was CNY 42,785,729.55, reflecting an 8.24% increase compared to the previous year[5] - The net profit attributable to shareholders of the listed company was CNY 40,328,044.07, up by 7.18% year-on-year[5] - In Q1 2023, the company reported a net profit of CNY 42,785,729.55, an increase of 5.7% compared to CNY 39,529,300.32 in Q1 2022[21] - The total comprehensive income attributable to the parent company was CNY 40,328,044.07, reflecting a 7.3% increase from CNY 37,625,918.04 in Q1 2022[21] Earnings and Shares - Basic and diluted earnings per share were both CNY 0.21[6] - Basic and diluted earnings per share were both CNY 0.21, up from CNY 0.20 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -32,554,050.53, a decrease of 24.51% compared to the previous year[5] - The company experienced a net cash outflow from operating activities of CNY -32,554,050.53, an improvement from CNY -43,122,076.16 in Q1 2022[23] - Investment activities resulted in a net cash outflow of CNY -119,078,327.53, compared to CNY -255,645,933.98 in the previous year[25] - The cash and cash equivalents as of March 31, 2023, were RMB 307,674,366.86, down from RMB 466,154,994.40 at the end of 2022, indicating a decrease of 34.00%[16] - The cash and cash equivalents at the end of the quarter stood at CNY 306,197,940.05, down from CNY 400,392,468.39 at the end of Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,323,548,494.78, an increase of 1.29% from the end of the previous year[6] - The total assets as of March 31, 2023, were RMB 2,323,548,494.78, slightly up from RMB 2,293,855,984.12 at the end of 2022, showing an increase of 1.30%[17] - The total liabilities decreased to RMB 1,229,288,023.43 as of March 31, 2023, from RMB 1,242,381,242.32 at the end of 2022, a reduction of 1.06%[18] - The equity attributable to shareholders increased to RMB 1,068,009,263.96 as of March 31, 2023, compared to RMB 1,027,312,298.26 at the end of 2022, reflecting a growth of 3.96%[18] Expenses - Sales expenses increased by 32.75% as the company intensified its business expansion efforts[11] - The total operating costs for Q1 2023 amounted to RMB 405,146,426.18, up from RMB 356,266,026.10 in Q1 2022, reflecting a growth of 13.71%[19] - The company’s sales expenses increased to CNY 6,919,200.81, up from CNY 5,212,165.31 in the previous year, indicating higher marketing efforts[21] - The financial expenses, including interest expenses, decreased significantly to CNY 1,117,279.99 from CNY 2,641,242.13 in Q1 2022, showing improved cost management[21] Investments and Future Plans - The company reported a significant increase in long-term equity investments by 115.75% due to payments made for investments in Gu Shang Intelligent Technology Co., Ltd.[10] - The company plans to invest in new technologies and product development to drive future growth, with an emphasis on innovation in property services[19] - The company is focusing on expanding its market presence and enhancing its service offerings, although detailed strategies were not provided in the report[19]