BGE(SH:603588)2023-04-24 16:00Financial Performance - The total net profit for Q1 2023 was CNY 235,214,280.40, an increase of 29.3% compared to CNY 181,923,456.92 in Q1 2022[5] - The operating profit for Q1 2023 was CNY 256,368,758.94, up from CNY 191,270,831.33, reflecting a growth of 34.1%[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was approximately ¥183.21 million, a decrease of 7.93% compared to the previous period[22] - The net profit attributable to shareholders of the listed company was RMB 206,270,529.78, reflecting a year-on-year growth of 21.12%[55] - Total revenue for Q1 2023 was approximately ¥1.74 billion, an increase of 10.79% from ¥1.57 billion in Q1 2022[29] - Total operating costs for Q1 2023 were approximately ¥1.55 billion, up 9.78% from ¥1.41 billion in Q1 2022[29] Assets and Liabilities - The total assets increased to CNY 23,532,385,173.15 from CNY 22,660,130,102.35, reflecting a growth of 3.84% year-over-year[19] - The total liabilities increased to CNY 14,436,417,731.15 from CNY 13,772,946,398.23, an increase of 4.8%[19] - Total assets at the end of the reporting period were approximately ¥23.53 billion, an increase of 3.85% from ¥22.66 billion at the end of the previous year[22] - The total liabilities amounted to 13,714,942,286.65 RMB, up from 12,972,946,795.96 RMB[41] Equity - The total equity attributable to shareholders of the parent company rose to CNY 9,095,967,442.00, up from CNY 8,878,125,704.12, marking an increase of 2.45%[3] - Shareholders' equity attributable to the parent company was approximately ¥9.10 billion, up 2.45% from ¥8.88 billion at the end of the previous year[22] - The total equity amounted to 5,111,107,351.98 RMB, an increase from 4,982,186,721.88 RMB[41] Cash Flow - The company's cash and cash equivalents decreased to CNY 1,138,109,543.86 from CNY 1,596,993,826.19, a decline of 28.8%[18] - Operating cash flow was negative at approximately -¥868.37 million, representing a decline of 387%[22] - The net cash flow from operating activities was -868,369,060.91 RMB, a decrease from 302,570,625.72 RMB in the previous period[35] - The company reported a total of 2,605,732,809.16 RMB in cash inflows from operating activities, an increase from 2,025,072,173.76 RMB[35] - The net cash flow from financing activities was 766,301,860.23 RMB, an increase from 329,188,383.55 RMB in the previous period[37] Expenses - Research and development expenses for Q1 2023 were approximately ¥47.58 million, a decrease from ¥52.46 million in Q1 2022[29] - Sales expenses rose by 58.32% year-on-year, primarily due to increased market expansion efforts and higher salaries and travel expenses for sales personnel[57] - The company's income tax expense increased by 94.03% year-on-year, corresponding to the growth in profit[57] Investments - The company reported a significant increase in investment income to CNY 23,529,693.03 from CNY 17,825,577.90, a growth of 32.5%[5] - Total cash inflow from investment activities was 204,031,023.33 RMB, compared to 5,469,345.83 RMB in the previous period[35] - The total cash outflow from investment activities was 558,076,406.22 RMB, compared to 373,957,156.74 RMB in the previous period[35] Other Financial Metrics - The basic earnings per share for Q1 2023 was CNY 0.135, slightly up from CNY 0.134 in Q1 2022[6] - Basic and diluted earnings per share were both ¥0.135, down from ¥0.750 in the previous period[22] - The weighted average return on equity was 2.296%, a decrease of 0.755 percentage points compared to the previous period[22] - The total number of ordinary shareholders at the end of the reporting period was 28,931[25]