FULONGMA(SH:603686)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,205,687,993.62, representing a decrease of 1.03% compared to the same period last year[8]. - The net profit attributable to shareholders was CNY 77,090,143.65, down by 2.53% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,138,875.68, an increase of 1.05% year-on-year[8]. - Total revenue for Q1 2023 was CNY 1,205,687,993.62, a decrease of 1.5% compared to CNY 1,218,251,979.33 in Q1 2022[18]. - Operating profit for Q1 2023 increased to CNY 130,613,174.79, compared to CNY 125,776,721.02 in Q1 2022, reflecting a growth of 3.0%[18]. - Net profit for Q1 2023 was CNY 102,574,195.54, up from CNY 101,094,799.62 in Q1 2022, indicating a growth of 1.5%[18]. - The net profit for Q1 2023 was CNY 102,574,195.54, compared to CNY 101,094,799.62 in Q1 2022, showing a slight increase[19]. - The net profit attributable to shareholders of the parent company was CNY 77,090,143.65, down from CNY 79,093,253.73 in the previous year, indicating a decrease of approximately 2.5%[19]. - The net profit attributable to minority shareholders increased to CNY 25,484,051.89 from CNY 22,001,545.89, reflecting a growth of about 15.5%[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,787,742,597.27, a decrease of 0.93% from the end of the previous year[9]. - Total assets as of March 31, 2023, were CNY 5,787,742,597.27, a slight decrease from CNY 5,842,042,988.16 at the end of 2022[16]. - Current assets totaled CNY 4,122,630,759.00, down from CNY 4,136,912,491.42 at the end of 2022[15]. - Total liabilities decreased to CNY 2,180,305,429.80 from CNY 2,337,818,417.55 at the end of 2022, a reduction of approximately 6.7%[16]. - Cash and cash equivalents were CNY 570,467,871.66, down from CNY 608,235,024.32 at the end of 2022, a decrease of 6.2%[15]. - Total liabilities reached approximately $2.34 billion, with current liabilities accounting for approximately $2.07 billion and non-current liabilities at approximately $263.32 million[29]. - The total current liabilities included accounts payable of approximately $848.46 million and short-term borrowings of approximately $118.11 million[28]. - The company has a long-term debt of approximately $192.60 million, indicating a stable capital structure[29]. Cash Flow - The company reported a net cash flow from operating activities of CNY 12,358,451.75, with no applicable year-on-year comparison[8]. - Operating cash inflow for Q1 2023 was CNY 1,275,037,827.76, up from CNY 1,157,412,421.94 in Q1 2022, representing an increase of approximately 10.2%[22]. - The net cash flow from operating activities was CNY 12,358,451.75, a significant recovery from a net outflow of CNY -188,172,613.61 in the same period last year[22]. - The company reported a total cash outflow from investing activities of CNY 33,895,960.66, down from CNY 76,210,189.90 in Q1 2022, indicating a reduction in investment spending[23]. - The net cash flow from financing activities was CNY 7,092,749.23, a decrease from CNY 24,947,385.75 in the previous year, suggesting a decline in financing activities[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,138[12]. - The company’s basic and diluted earnings per share remained stable at CNY 0.19 for both Q1 2023 and Q1 2022[19]. - The company reported a decrease in retained earnings by approximately $940,893.10 from the previous period[29]. - The total equity attributable to shareholders was approximately $3.18 billion, showing a slight decrease from the previous period[29]. Research and Development - The company reported a research and development expense of CNY 14,964,653.53 for Q1 2023, slightly up from CNY 14,429,142.35 in Q1 2022[18]. - The company plans to focus on market expansion and new product development in the upcoming quarters[18]. Accounting Standards - The company began implementing new accounting standards from January 1, 2023, which may affect future financial reporting[25].