Zhonggu Logistics(SH:603565)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,035,477,643.75, representing a decrease of 7.79% compared to the same period last year[1]. - Net profit attributable to shareholders was CNY 610,391,377.66, down 2.17% year-on-year[1]. - The net profit excluding non-recurring gains and losses was CNY 342,294,040.77, reflecting a significant decline of 31.40% compared to the previous year[1]. - The basic and diluted earnings per share were both CNY 0.43, down 2.27% from the same period last year[1]. - Operating profit for Q1 2023 was CNY 818,223,247.87, slightly lower than CNY 834,110,976.33 in Q1 2022[45]. - Net profit for Q1 2023 was CNY 611,821,144.71, compared to CNY 623,510,478.14 in Q1 2022, reflecting a decrease of 1.11%[46]. - The net profit attributable to the parent company was approximately ¥610.39 million, a decrease from ¥623.92 million in the previous year, representing a decline of about 0.84%[48]. - The total comprehensive income attributable to the parent company was approximately ¥602.32 million, down from ¥623.87 million, indicating a decrease of around 3.43%[48]. Cash Flow - The net cash flow from operating activities was CNY 495,786,105.74, which is a decrease of 29.87% year-on-year[1]. - Cash inflows from operating activities totaled approximately ¥2.94 billion, down from ¥3.26 billion, reflecting a decrease of about 10.1%[52]. - Cash outflows from operating activities amounted to approximately ¥2.44 billion, compared to ¥2.56 billion in the previous year, showing a decrease of around 4.5%[52]. - The net cash flow from operating activities was approximately ¥495.79 million, down from ¥706.99 million, representing a decline of about 30%[52]. - Cash inflows from investment activities were approximately ¥8.47 billion, a decrease from ¥11.02 billion, indicating a decline of about 23%[54]. - The net cash flow from investment activities was approximately -¥116.54 million, an improvement from -¥422.38 million in the previous year[54]. - Cash inflows from financing activities totaled approximately ¥1.40 billion, compared to ¥650 million in the previous year, reflecting an increase of about 115%[54]. - The ending balance of cash and cash equivalents was approximately ¥5.89 billion, up from ¥3.11 billion, indicating an increase of about 89%[54]. Assets and Liabilities - Total assets increased by 7.83% to ¥21,706,745,085.92 compared to the end of the previous year[24]. - Total liabilities amounted to CNY 11,767,215,756.59, compared to CNY 10,794,339,549.47 in the previous year[42]. - Shareholders' equity attributable to the listed company rose by 6.47% to ¥9,905,935,429.50 from the end of last year[24]. - The company's total current assets amounted to ¥11,806,085,081.68, an increase from ¥10,479,201,565.91 at the end of last year[24]. - Non-current assets totaled CNY 9,900,660,004.24, an increase from CNY 9,651,220,512.62 year-over-year[40]. - Fixed assets grew to ¥5,191,303,255.37, up from ¥4,708,180,605.18, indicating ongoing investment in physical assets[24]. - Accounts receivable increased by 30.23% to ¥770,865,862.77, primarily due to an increase in receivables during the reporting period[27]. - Financing receivables surged by 402.74% to ¥155,781,462.56, attributed to an increase in bank acceptance bills received[27]. - Long-term borrowings rose by 42.07%, reflecting an increase in long-term debt during the reporting period[27]. - The company reported a decrease in accounts payable to CNY 3,072,235,304.94 from CNY 2,970,508,794.76[40]. Operational Highlights - The company completed a total of 299.94 million TEUs in domestic transportation, marking a 13.86% increase year-on-year[17]. - The average capacity for domestic trade increased by 12.90% to 2.103 million tons[17]. - The company is actively expanding its domestic container transportation business and exploring the "bulk to container" market[17]. - The company received government subsidies amounting to CNY 176,169,263.39, which are closely related to its normal business operations[11]. Research and Development - Research and development expenses for Q1 2023 were CNY 4,777,823.41, down from CNY 5,430,236.44 in Q1 2022[45]. Return on Equity - The weighted average return on equity increased by 0.13 percentage points to 6.36%[1].