CICT Mobile (SH:688387)2023-04-19 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,359,174,276.83, representing a year-on-year increase of 41.39%[4] - The net profit attributable to shareholders was ¥37,374,415.70, compared to a loss of ¥7,976,938.58 in the same period last year[5] - Net profit for Q1 2023 was ¥25,815,796.46, a significant recovery from a net loss of ¥17,154,107.72 in Q1 2022[20] - The company reported a total profit of ¥25,263,140.96 for Q1 2023, compared to a loss of ¥12,383,470.87 in Q1 2022[20] - Earnings per share for Q1 2023 was ¥0.01, compared to a loss per share of ¥0.00 in Q1 2022[21] - The company achieved a gross profit margin of approximately 2.0% in Q1 2023, compared to a negative margin in Q1 2022[20] Cash Flow - The net cash flow from operating activities was -¥694,618,657.97, an improvement from -¥834,782,225.92 in the previous year[5] - Cash flow from operating activities in Q1 2023 was ¥1,839,536,919.31, an increase from ¥1,504,827,845.61 in Q1 2022[21] - The total cash outflow from operating activities was 2,626,635,988.54, up from 2,379,757,806.07 in the previous year[22] - The net cash flow from investment activities was -715,942,332.40, worsening from -448,970,502.05 in the previous year[23] - Cash inflow from financing activities totaled 300,000,000.00, compared to 622,489,462.50 in the same period last year[23] - The net cash flow from financing activities was 141,481,868.83, an increase from 44,821,631.80 year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,004,091,394.25, down 1.24% from the end of the previous year[5] - Current assets totaled RMB 14,023,053,947.92, slightly down from RMB 14,163,723,612.27, indicating a decrease of about 0.99%[15] - Total liabilities were reported at RMB 7,957,354,819.23, down from RMB 8,171,586,672.62, reflecting a decrease of approximately 2.62%[16] - The company's equity attributable to shareholders increased to RMB 6,948,679,259.23 from RMB 6,910,915,560.16, showing a growth of about 0.55%[17] Research and Development - Research and development expenses totaled ¥281,402,547.67, accounting for 20.70% of operating revenue, a decrease of 6.42 percentage points year-on-year[5] - Research and development expenses increased to ¥281,402,547.67 in Q1 2023, compared to ¥260,765,114.40 in Q1 2022, marking an 7.9% rise[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 100,520[9] - The largest shareholder, China Information Communication Technology Group Co., Ltd., holds 41.01% of the shares[9] Other Financial Metrics - The weighted average return on net assets was 0.54%, compared to -0.23% in the same period last year[5] - The company reported non-recurring gains of ¥40,138,311.37, with government subsidies contributing ¥19,515,652.33[6] - The company reported a net loss of RMB 8,387,494,310.50, slightly improved from a loss of RMB 8,424,868,726.20 in the previous period[17] - The total amount of accounts receivable decreased to RMB 4,464,982,251.11 from RMB 4,631,190,908.69, reflecting a decline of about 3.61%[15] - Cash and cash equivalents decreased to RMB 4,136,145,428.00 from RMB 5,399,056,939.73, representing a decline of approximately 23.38%[14] - Inventory rose to RMB 2,753,540,289.62 from RMB 2,232,692,620.51, indicating an increase of approximately 23.32%[15] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies[8] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[13]