OLYMPIC(SH:603920)2023-04-21 16:00Financial Performance - The net profit for Q1 2023 was CNY 67,885,287.52, an increase from CNY 41,130,037.92 in Q1 2022, representing a growth of approximately 64.9%[10] - The total revenue from operating activities was CNY 1,204,366,700.76, compared to CNY 1,145,849,673.47 in the same period last year, indicating an increase of about 5.1%[9] - The company reported a basic earnings per share of CNY 0.14, up from CNY 0.09 in the previous year, representing a growth of 55.6%[10] - Net profit attributable to shareholders was CNY 75,030,022.28, showing a significant increase of 58.87% compared to the same period last year[14] - The net profit after deducting non-recurring gains and losses was CNY 75,719,178.22, reflecting a growth of 59.99% year-on-year[14] - The total comprehensive income for Q1 2023 was CNY 49,153,932.46, compared to CNY 38,217,020.35 in Q1 2022, reflecting an increase of about 28.5%[10] Cash Flow - The cash flow from operating activities showed a net inflow of CNY 397,213,651.84, a significant recovery from a net outflow of CNY -44,840,766.08 in Q1 2022[9] - The net cash flow from operating activities surged to CNY 397,213,651.84, marking an impressive increase of 985.83%[14] - The net cash flow from investing activities was -$53,004,592.67 for the current period, compared to -$207,514,640.96 in the previous period, indicating a significant reduction in cash outflow[57] - Cash inflow from financing activities totaled $20,100,000.00, while cash outflow was $87,190,975.07, resulting in a net cash flow from financing activities of -$67,090,975.07[57] - The net increase in cash and cash equivalents was $258,386,729.04, contrasting with a decrease of -$153,506,126.14 in the previous period[57] Assets and Liabilities - The total liabilities decreased to CNY 2,482,899,292.33 from CNY 2,595,152,713.35, reflecting a reduction of approximately 4.3%[8] - The total equity attributable to shareholders increased to CNY 3,052,533,234.25 from CNY 2,990,304,806.06, marking a growth of about 2.1%[8] - Total assets at the end of the reporting period were CNY 5,805,898,208.76, a slight decrease of 0.98% from the end of the previous year[15] - Current liabilities totaled ¥1,209,329,103.23, down from ¥1,321,083,899.79 in the previous period[36] Operating Revenue and Costs - The company's operating revenue for the first quarter reached CNY 1,015,156,041.40, representing a year-on-year increase of 3.84%[14] - The company's operating costs for Q1 2023 were ¥932,798,531.72, slightly up from ¥929,640,822.73 in Q1 2022, with operating costs decreasing to ¥821,978,938.88 from ¥842,004,478.37[38] Shareholder Information - The weighted average return on equity increased to 2.48%, up by 0.81 percentage points year-on-year[15] - Shareholders' equity attributable to the parent company increased to CNY 3,052,533,234.25, reflecting a growth of 2.08% compared to the previous year[15] - Basic and diluted earnings per share were both CNY 0.14, up by 55.56% from the previous year[15] Other Comprehensive Income - The company’s other comprehensive income after tax attributable to shareholders was CNY -18,731,355.06, compared to CNY -2,913,017.57 in the previous year, indicating a decline[10] - The company reported a non-recurring loss of CNY 558,851.51 from the disposal of non-current assets[29] Research and Development - Research and development expenses for Q1 2023 were ¥32,887,954.41, a decrease from ¥37,118,477.59 in Q1 2022[38] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 1,960,713.59, which are closely related to the company's normal business operations[29]