Changjiu Logistics(SH:603569)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 883,076,376.75, representing a decrease of 5.48% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 12,962,679.91, an increase of 3,220.26% year-on-year[5]. - Basic earnings per share were CNY 0.02, reflecting a dramatic increase of 3,219.85% year-on-year[5]. - Total operating revenue for Q1 2023 was CNY 883,076,376.75, a decrease of 5.5% compared to CNY 934,264,180.63 in Q1 2022[15]. - Net profit for Q1 2023 was CNY 17,723,424.09, compared to a net profit of CNY 3,437,034.16 in Q1 2022, indicating a significant increase[16]. - The net profit attributable to shareholders of the parent company for Q1 2023 was CNY 12,962,679.91, up from CNY 390,411.22 in Q1 2022[16]. - The company reported a total comprehensive income of CNY 19,108,342.58 for Q1 2023, compared to CNY 88,463.04 in Q1 2022[16]. Cash Flow - The net cash flow from operating activities was CNY 72,046,636.61, showing a significant increase of 176.80% compared to the previous year[5]. - Cash flow from operating activities in Q1 2023 was CNY 1,046,243,151.16, slightly down from CNY 1,049,382,734.85 in Q1 2022[18]. - The net cash flow from operating activities for Q1 2023 was ¥72,046,636.61, a significant improvement compared to a net outflow of ¥93,814,430.94 in Q1 2022[19]. - Total cash inflow from operating activities was ¥1,083,096,833.07, while cash outflow was ¥1,011,050,196.46, resulting in a net cash inflow[19]. - The total cash outflow for operating activities was ¥1,011,050,196.46, down from ¥1,178,731,065.12 in the previous year[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,386,249,320.42, a decrease of 0.71% from the end of the previous year[6]. - The company's total current assets amounted to RMB 2,606,277,260.54, a decrease from RMB 2,643,973,317.98 as of December 31, 2022[12]. - The total assets of the company as of March 31, 2023, were RMB 5,386,249,320.42, down from RMB 5,424,746,734.12 at the end of 2022[13]. - The company's total liabilities as of Q1 2023 were CNY 2,787,089,336.72, a decrease from CNY 2,841,642,897.53 in the previous year[14]. - Short-term borrowings increased to RMB 1,083,180,573.51 from RMB 1,030,780,018.55, indicating an increase of approximately 5.1%[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,656[9]. - The largest shareholder, Jilin Changjiu Industrial Group Co., Ltd., holds 71.64% of the shares, with 172,686,444 shares pledged[9]. - The company’s major shareholder, Changjiu Group, holds 100% of the shares, with the actual controllers holding a combined 63.21% of shares in Xinjiang New Changhui[11]. - The dilution of shares for Shanghai Muxin Private Fund Management Co., Ltd. was noted, with their holding reduced to 4.9994% due to convertible bonds[11]. Investment and Expenditures - The company reported a 245.48% increase in investment income, attributed to improved operating profits from associated companies[7]. - The company experienced a 98.05% increase in development expenditures due to increased investment in ongoing projects[7]. - The company’s R&D expenses for Q1 2023 were CNY 185,797.51, significantly lower than CNY 618,012.69 in Q1 2022, indicating a focus on cost management[15]. Employee Compensation - The company reported a significant reduction in employee compensation payable, decreasing to RMB 6,046,373.48 from RMB 25,898,982.75[13]. - The company paid ¥73,929,130.11 in employee compensation, an increase from ¥65,653,678.30 in Q1 2022[19].