CCG(SH:605099)2023-04-26 16:00Financial Performance - In Q1 2023, the company reported a net profit of RMB 93,679,489.22, an increase of 9.4% compared to RMB 85,295,075.11 in Q1 2022[16] - The total profit for Q1 2023 was RMB 100,020,648.01, up from RMB 88,065,585.29 in the same period last year, reflecting a growth of 13.4%[16] - Operating profit for Q1 2023 reached RMB 99,799,422.08, compared to RMB 87,128,013.51 in Q1 2022, marking an increase of 14.5%[16] - The company reported a decrease in other comprehensive income, with a net amount of RMB -4,687,993.36 in Q1 2023, slightly higher than RMB -4,685,082.25 in Q1 2022[16] - The company’s major shareholders include Hong Kong Central Clearing Limited and China Agricultural Bank, indicating a diverse ownership structure[10][11] - The comprehensive income attributable to the parent company was ¥88,991,495.86, an increase from ¥80,609,992.86, marking a growth of about 16.5%[21] - The company's operating revenue for Q1 2023 was ¥558,780,694.26, representing a decrease of 17.97% compared to the same period last year[42] - The net profit attributable to shareholders of the listed company was ¥93,679,489.22, an increase of 9.83% year-on-year[42] - The company reported a net profit of approximately ¥95.76 million for Q1 2023, compared to a net profit of ¥92.91 million in Q1 2022, reflecting a growth of 3.06%[54] Cash Flow and Liquidity - The net cash flow from operating activities increased to ¥50,720,916.22 from ¥38,504,442.28, representing a growth of approximately 31.5% year-over-year[17] - The net cash flow from investing activities was ¥242,680,623.19, a significant recovery from a negative cash flow of ¥70,548,171.88 in the previous period[17] - The total cash and cash equivalents at the end of the period reached ¥702,861,641.27, up from ¥455,414,371.07, indicating a net increase of ¥276,565,206.49[17] - The cash outflow from financing activities was ¥1,466,351.31, a decrease from ¥1,697,408.01, indicating a reduction of about 13.6%[17] - The cash inflow from investment activities totaled ¥352,967,192.98, a substantial increase compared to ¥8,021.54 in the previous period[17] - The company's cash and cash equivalents increased to approximately ¥726.95 million as of March 31, 2023, up from ¥448.02 million at the end of 2022[51] Assets and Liabilities - The total liabilities decreased to ¥523,315,803.46 from ¥541,121,547.42, reflecting a reduction of approximately 3.3%[19] - The company's total liabilities decreased by 49.74% due to rental payments made during the period[44] - Total assets at the end of the reporting period were ¥2,901,628,491.08, reflecting a growth of 2.52% from the end of the previous year[43] - The company’s total assets as of March 31, 2023, were approximately ¥2.90 billion, compared to ¥2.83 billion at the end of 2022[58] - The company’s equity attributable to shareholders increased to approximately ¥2.38 billion as of March 31, 2023, from ¥2.29 billion at the end of 2022[58] Operational Efficiency - The company experienced a foreign exchange loss of RMB -3,664,527.47 in Q1 2023, compared to a loss of RMB -6,882,668.07 in Q1 2022, indicating an improvement[16] - The company's total operating costs for Q1 2023 were approximately ¥463.02 million, down 21.29% from ¥588.30 million in Q1 2022[54] - The company's inventory stood at ¥475,854,381.79, slightly down from ¥476,764,663.56 in the previous year[42] - Research and development expenses for Q1 2023 were approximately ¥18.33 million, slightly up from ¥18.01 million in Q1 2022[54] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[16] - The company plans to continue expanding its market presence and investing in new product development in the upcoming quarters[55] - The company’s management remains optimistic about future growth prospects, focusing on product innovation and market expansion strategies[16] Other Income - The company reported non-operating income of ¥7,682,054.85 from government subsidies, contributing positively to the overall financial performance[28] - The company reported a significant increase in other income, which rose to approximately ¥8.11 million in Q1 2023 from ¥3.34 million in Q1 2022[54]