Great Shengda(SH:603687)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 447,027,774.86, representing a year-on-year increase of 2.21%[5] - The net profit attributable to shareholders decreased by 19.01% to CNY 19,775,308.01 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 26.91% to CNY 15,703,442.98[5] - The basic earnings per share for the period was CNY 0.05, down by 16.67%[5] - In Q1 2023, the company reported a net profit of CNY 19,827,039.73, a decrease from CNY 24,449,727.75 in Q1 2022, representing a decline of approximately 19.5%[21] - The total comprehensive income for Q1 2023 was CNY 26,697,928.56, compared to CNY 24,502,071.12 in the same period last year, indicating an increase of about 8.9%[21] - Earnings per share (EPS) for Q1 2023 was CNY 0.05, down from CNY 0.06 in Q1 2022, indicating a decrease of approximately 16.7%[21] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 80.65% to CNY 28,352,535.47[5] - Operating cash inflow for Q1 2023 was CNY 890,780,000.73, significantly higher than CNY 395,711,209.84 in Q1 2022, marking an increase of approximately 125.0%[23] - The net cash flow from operating activities was CNY 28,352,535.47, up from CNY 15,694,375.34 in the previous year, reflecting an increase of about 80.0%[23] - The company recorded a net cash outflow from investing activities of CNY -45,986,876.99, an improvement from CNY -288,861,207.90 in Q1 2022[23] - The company raised CNY 209,900,000.00 through borrowings in Q1 2023, with net cash flow from financing activities amounting to CNY 197,577,450.99, a significant turnaround from a net outflow of CNY -5,685,488.50 in Q1 2022[24] - The company received tax refunds amounting to CNY 7,682,829.31 in Q1 2023, compared to CNY 1,574,837.93 in the same period last year, showing an increase of about 387.0%[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,600,779,222.86, an increase of 4.57% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to CNY 3,600,779,222.86, up from CNY 3,443,277,464.02 at the end of 2022, indicating a growth of 4.6%[17] - Total liabilities increased to CNY 1,312,331,903.18 as of March 31, 2023, compared to CNY 1,182,067,603.49 at the end of 2022, reflecting a rise of 11.0%[17] - Total liabilities reached approximately $1.18 billion, with current liabilities at $542.2 million and non-current liabilities at $639.9 million[28] - The company reported short-term borrowings of $14.9 million and long-term borrowings of $30 million[28] - The company reported a slight decrease in total liabilities by approximately $4.9 million compared to the previous period[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,321[12] - The largest shareholder, Hangzhou Xingshengda Investment Co., Ltd., holds 64.14% of the shares, with 143,345,000 shares pledged[12] - Shareholders' equity totaled approximately $2.26 billion, with equity attributable to the parent company at $2.04 billion[29] - The total equity attributable to minority shareholders was approximately $219.5 million[29] Research and Development - Research and development expenses for Q1 2023 were CNY 18,254,330.32, compared to CNY 15,896,146.47 in Q1 2022, marking an increase of 14.8%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21]