今创集团(603680) - 2023 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2023, operating revenue declined by 7.59%, but net profit attributable to shareholders grew 32.39% due to significantly lower financial expenses Q1 2023 Core Financial Indicators | Indicator | Current Period (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Total Operating Revenue | 785,365,411.24 | -7.59% | | Net Profit Attributable to Shareholders of Listed Company | 27,140,816.72 | 32.39% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 21,639,172.24 | 21.57% | | Net Cash Flow from Operating Activities | -48,505,042.97 | N/A | | Basic Earnings Per Share (RMB/share) | 0.0346 | 33.43% | | Total Assets (Period-end) | 9,101,615,826.59 | 3.89% (Compared to end of previous year) | | Total Equity Attributable to Shareholders of Listed Company (Period-end) | 4,859,738,722.83 | 0.66% (Compared to end of previous year) | - Net profit increased by 32.39% year-on-year, primarily due to significant exchange losses in the prior period affected by exchange rate fluctuations[7] - Net cash flow from operating activities was -RMB 48.51 million, an improvement of RMB 56.54 million compared to the prior year, primarily due to reduced cash payments for other operating activities[7] Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were RMB 5.50 million, mainly from RMB 6.80 million in government grants recognized in current profit or loss Q1 2023 Non-Recurring Gains and Losses Details | Item | Amount (RMB) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | -329,873.29 | | Government Grants Recognized in Current Profit/Loss | 6,796,639.53 | | Gains and Losses from Fair Value Changes of Financial Assets/Liabilities Held for Trading | -430,167.28 | | Other Non-Operating Income and Expenses | 440,480.40 | | Total | 5,501,644.48 | Analysis of Major Financial Indicator Changes Multiple financial indicators changed significantly, with cash and short-term borrowings increasing due to new bank loans, and financial expenses decreasing 51.93% year-on-year from exchange rate fluctuations Major Financial Indicator Changes and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Bank Balances | 41.18 | Cash received from bank borrowings at the end of the current period | | Short-term Borrowings | 50.27 | Increased short-term borrowings to supplement working capital in the current period | | Employee Compensation Payable | -38.81 | Annual bonuses accrued at the end of the previous year were paid in the current period | | Financial Expenses | -51.93 | Affected by exchange rate fluctuations, exchange gains and losses changed compared to the prior year | Shareholder Information Shareholding Status of Shareholders As of the reporting period end, the company had 13,505 common shareholders, with highly concentrated ownership as the top two shareholders, a father and son, jointly control 66.95% of shares - As of the end of the reporting period, the company had 13,505 common shareholders[11] - Mr. Yu Jinkun and Mr. Ge Jianming, father and son, are parties acting in concert, jointly controlling 66.95% of the company's shares, indicating highly concentrated ownership[12] Other Significant Matters Changes in Senior Management The company adjusted senior management, with Mr. Zhang Huaibin and Mr. Zou Chunzhong resigning, and Mr. Gao Feng appointed as the new Deputy General Manager and Board Secretary - Mr. Zhang Huaibin, Deputy General Manager, and Mr. Zou Chunzhong, Deputy General Manager and Board Secretary, resigned from their respective positions due to work adjustments[13] - The company appointed Mr. Gao Feng as Deputy General Manager in February 2023, with him also serving as acting Board Secretary, and formally appointed him as Board Secretary on April 26[13] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2023, total assets reached RMB 9.10 billion, up 3.89% from year-end, driven by a 41.18% increase in cash from new bank loans, with short-term borrowings also rising 50.27% Key Balance Sheet Items (Unit: RMB) | Item | March 31, 2023 | December 31, 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 1,040,429,162.51 | 736,944,705.69 | 41.18% | | Short-term Borrowings | 1,439,480,197.16 | 957,912,801.22 | 50.27% | | Total Assets | 9,101,615,826.59 | 8,760,834,491.59 | 3.89% | | Total Liabilities | 4,325,495,150.17 | 4,014,207,908.01 | 7.75% | | Total Equity Attributable to Parent Company Shareholders | 4,859,738,722.83 | 4,827,847,872.64 | 0.66% | Consolidated Income Statement In Q1 2023, total operating revenue declined 7.59% to RMB 785.37 million, yet net profit attributable to parent company shareholders grew 32.39% due to a 51.93% decrease in financial expenses Key Income Statement Items (Unit: RMB) | Item | Q1 2023 | Q1 2022 | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 785,365,411.24 | 849,825,262.38 | -7.59% | | Operating Cost | 596,401,266.95 | 659,867,815.68 | -9.62% | | Financial Expenses | 15,209,058.64 | 31,636,625.55 | -51.93% | | Total Profit | 30,271,643.61 | 20,291,967.81 | 49.18% | | Net Profit Attributable to Parent Company Shareholders | 27,140,816.72 | 20,500,042.17 | 32.39% | Consolidated Cash Flow Statement Operating and investing activities resulted in net cash outflows of RMB 48.51 million and RMB 47.24 million respectively, but RMB 869 million in new borrowings generated RMB 396.91 million in financing cash inflow, leading to a RMB 298.47 million net increase in cash and cash equivalents Key Cash Flow Statement Items (Unit: RMB) | Item | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -48,505,042.97 | -105,042,466.14 | | Net Cash Flow from Investing Activities | -47,243,774.40 | 73,220,173.74 | | Net Cash Flow from Financing Activities | 396,911,440.35 | -148,260,468.56 | | Net Increase in Cash and Cash Equivalents | 298,467,732.75 | -180,834,052.33 | - Cash inflow from financing activities primarily stemmed from RMB 869 million in new borrowings received during the current period, significantly higher than RMB 416 million in the prior year[23]