LIBA(SH:603519)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 272,433,345.50, a decrease of 26.46% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 242,537,518.86, an increase of 555.11% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 22,638,125.87, down 38.56% from the previous year[5] - Basic and diluted earnings per share were both CNY 0.91, reflecting a significant increase of 550.00%[6] - Operating profit for Q1 2023 was CNY 285,225,830.18, up from CNY 41,793,249.29 in Q1 2022, indicating a growth of about 582%[19] - The net profit for Q1 2023 was CNY 242,537,518.86, a significant increase from CNY 37,022,558.65 in Q1 2022, representing a growth of approximately 553%[19] Cash Flow and Investments - The net cash flow from operating activities was CNY 7,593,873.38, a decline of 63.99% compared to the same period last year[5] - Cash flow from operating activities generated a net cash flow of CNY 7,593,873.38 in Q1 2023, down from CNY 21,090,054.98 in Q1 2022, reflecting a decrease of approximately 64%[21] - The cash outflow from investing activities in Q1 2023 was CNY 60,737,897.73, compared to CNY 28,144,962.70 in Q1 2022, reflecting an increase of about 116%[22] - The company received CNY 60,000,000.00 related to investment activities in Q1 2023, which was not reported in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,159,189,117.58, an increase of 17.18% from the end of the previous year[6] - Total liabilities as of March 31, 2023, were RMB 632,334,028.44, an increase from RMB 558,237,752.58 at the end of 2022[16] - The company's equity attributable to shareholders as of March 31, 2023, was RMB 1,526,855,089.14, compared to RMB 1,284,317,570.28 at the end of 2022[17] Operating Costs and Revenue - Total operating costs for Q1 2023 were RMB 246,735,779.78, down 25.4% from RMB 330,736,033.36 in Q1 2022[18] - The total revenue from sales of goods and services in Q1 2023 was CNY 198,051,020.83, slightly up from CNY 194,944,311.86 in Q1 2022, showing a growth of about 1%[21] Research and Development - The company's research and development expenses for Q1 2023 were RMB 8,623,421.62, down from RMB 10,634,050.33 in Q1 2022[18] Future Plans - The company has indicated plans for market expansion and new product development in the upcoming quarters[13] Other Financial Metrics - The weighted average return on equity increased to 17.26%, up by 12.88 percentage points year-on-year[6] - The company recognized significant investment gains from its investment in Jiaxing Junli Investment Partnership, contributing to the substantial increase in net profit[8] - The decrease in net cash flow from operating activities was primarily due to changes in customer settlement methods during the reporting period[8] - The company reported a foreign exchange loss of CNY 1,858,276.93 in Q1 2023, compared to a loss of CNY 315,405.11 in Q1 2022[22] - The company incurred credit impairment losses of CNY 1,576,584.75 in Q1 2023, compared to CNY 2,244,669.58 in Q1 2022, indicating a decrease of approximately 30%[19] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 242,239,129.18, an increase from RMB 215,462,674.09 at the end of 2022[14] - Total cash and cash equivalents at the end of Q1 2023 were CNY 164,614,083.49, an increase from CNY 112,103,401.95 at the end of Q1 2022[22] - The company reported a significant increase in prepayments, which rose to RMB 130,510,483.49 from RMB 79,143,926.43 in the previous year[15]