Guotai Group(SH:603977)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥464.73 million, representing a year-on-year increase of 14.72%[5] - The net profit attributable to shareholders for the same period was approximately ¥39.65 million, reflecting a growth of 16.58% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥33.67 million, which is an increase of 9.55% year-on-year[5] - The basic earnings per share remained at ¥0.06, unchanged from the previous year[5] - The diluted earnings per share also remained at ¥0.06, consistent with the previous year[5] - The weighted average return on equity increased by 0.08 percentage points to 1.38%[5] - Total operating revenue for Q1 2023 was CNY 464,728,720.25, an increase of 14.7% compared to CNY 405,108,181.03 in Q1 2022[18] - Net profit for Q1 2023 reached CNY 43,875,377.14, representing a 12.5% increase from CNY 38,993,433.21 in Q1 2022[19] - Earnings per share for Q1 2023 remained stable at CNY 0.06, consistent with Q1 2022[19] Cash Flow - The net cash flow from operating activities was negative at approximately -¥53.43 million, showing a decrease of 13.27% compared to the same period last year[5] - Cash flow from operating activities for Q1 2023 was negative at CNY -53,432,554.51, an improvement from CNY -61,608,011.00 in Q1 2022[21] - The company reported a net cash outflow from investing activities of CNY 28,576,914.85 for Q1 2023, compared to a net outflow of CNY 51,144,212.98 in Q1 2022[22] - The company’s cash flow from financing activities showed a net outflow of CNY 92,171,473.15 in Q1 2023, compared to a net outflow of CNY 59,005,641.93 in Q1 2022[22] - The net increase in cash and cash equivalents was -81,598,621.79 RMB, compared to -135,125,246.89 RMB in Q1 2022[31] Assets and Liabilities - The total assets at the end of Q1 2023 were approximately ¥4.91 billion, a slight decrease of 0.75% from the end of the previous year[6] - Total liabilities decreased to ¥1,504,746,299.38 from ¥1,586,844,112.60, a reduction of about 5.16%[15] - Total liabilities as of Q1 2023 were CNY 1,565,330,391.08, a decrease from CNY 1,643,888,743.02 in the previous year[16] - The total assets as of March 31, 2023, amounted to CNY 3,806,433,039.58, slightly up from CNY 3,789,616,599.20 at the end of 2022[26] - The total liabilities as of March 31, 2023, were CNY 1,217,788,199.04, compared to CNY 1,201,946,925.00 at the end of 2022[25] Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was approximately ¥2.90 billion, which is an increase of 1.54% from the previous year[6] - Total equity increased to CNY 3,342,506,956.18 in Q1 2023, compared to CNY 3,301,239,443.33 in Q1 2022[16] - The company’s total equity as of March 31, 2023, was CNY 2,588,644,840.54, marginally up from CNY 2,587,669,674.20 at the end of 2022[26] Government Subsidies and Expenses - The company received government subsidies amounting to approximately ¥7.07 million during the reporting period[7] - The company reported a decrease in tax expenses to CNY 7,476,102.08 in Q1 2023 from CNY 8,733,255.64 in Q1 2022[19] - Research and development expenses for Q1 2023 were CNY 26,407,247.77, up from CNY 22,709,442.91 in Q1 2022, indicating a focus on innovation[18] - The company’s interest expenses decreased significantly to CNY 1,185,680.55 in Q1 2023 from CNY 5,316,439.80 in Q1 2022[28] Inventory and Receivables - Accounts receivable increased to ¥672,742,033.99 from ¥615,455,132.69, marking an increase of about 9.29%[14] - Inventory rose to ¥251,272,645.63, compared to ¥231,899,698.25, reflecting an increase of approximately 8.35%[14] Other Information - The company has not disclosed any significant new product developments or market expansion strategies in the current report[12] - The company reported a total of 295,936,220 shares held by the largest shareholder, Jiangxi Provincial Military Industry Holdings Group Co., Ltd.[11]