Yongjin Technology (SH:603995)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 7,486,566,454.20, a decrease of 9.38% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 93,881,154.95, down 28.26% year-on-year[4] - The basic earnings per share decreased by 50.00% to CNY 0.28[4] - The net profit for Q1 2023 was CNY 118,881,850.99, a decrease of 22.3% compared to CNY 153,028,949.79 in Q1 2022[18] - The total revenue from operating activities was CNY 8,193,245,705.86, down 6.3% from CNY 8,746,762,310.56 in the same period last year[21] - The operating profit for Q1 2023 was CNY 146,500,832.72, a decline of 23.4% from CNY 191,120,197.05 in Q1 2022[18] - The company reported a total comprehensive income of CNY 118,252,134.87, down 22.2% from CNY 152,146,701.50 in the previous year[19] - Basic and diluted earnings per share were both CNY 0.28, a decrease of 50% from CNY 0.56 in Q1 2022[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,499,453,122.57, an increase of 18.46% from the end of the previous year[5] - Total assets reached CNY 12,499,453,122.57 as of March 31, 2023, compared to CNY 10,551,753,233.97 at the end of 2022, marking a growth of 18.43%[17] - Total liabilities increased to CNY 6,391,907,937.83 as of March 31, 2023, from CNY 5,744,870,836.16 at the end of 2022, reflecting an increase of 11.31%[16] - The company's equity attributable to shareholders rose to CNY 5,286,747,345.46 as of March 31, 2023, compared to CNY 4,014,590,333.23 at the end of 2022, an increase of 31.66%[17] - The company's short-term borrowings increased to CNY 1,070,369,746.17 as of March 31, 2023, compared to CNY 908,858,044.54 at the end of 2022, an increase of 17.73%[16] Cash Flow - Cash flow from operating activities was CNY 39,629,331.14, with no applicable year-on-year comparison[4] - The cash flow from operating activities generated a net inflow of CNY 39,629,331.14, compared to a net outflow of CNY 633,607,764.07 in Q1 2022[22] - The cash flow from financing activities showed a net inflow of CNY 1,368,765,378.60, compared to CNY 414,562,960.75 in the same quarter last year[23] - The net cash flow from financing activities increased by 230.17%, attributed to the non-public offering of shares[8] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents by 150.96% due to the non-public offering of new shares[7] - Cash and cash equivalents increased significantly to CNY 2,060,567,210.59 as of March 31, 2023, compared to CNY 821,070,727.20 at the end of 2022, representing a growth of 150.45%[14] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,781,222,012.44, an increase from CNY 736,495,570.88 at the end of Q1 2022[23] - The company experienced a foreign exchange impact of CNY 1,734,254.00 on cash and cash equivalents during the quarter[23] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 7,352,549,192.10, down from CNY 8,087,996,292.39 in Q1 2022, reflecting a reduction of 9.09%[17] - Research and development expenses for Q1 2023 were CNY 155,682,642.19, slightly down from CNY 155,739,192.01 in Q1 2022[17] - The company reported a net investment loss of CNY 852,420.02 in Q1 2023, compared to a profit of CNY 4,948,821.33 in Q1 2022[17] Government Subsidies - The company received government subsidies amounting to CNY 8,667,414.24, which are closely related to its normal business operations[6] Financial Assets - The company experienced a 100% decrease in trading financial assets, primarily due to the maturity of structured deposits[7]