EASTCOM(SH:900941)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 601,137,278.33, representing a decrease of 2.04% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 13,489,478.19, an increase of 145.69% year-on-year[5]. - The net profit after deducting non-recurring gains and losses reached CNY 12,765,949.04, showing a significant increase of 1,786.70% compared to the previous year[5]. - Basic earnings per share were CNY 0.01074003, reflecting a growth of 145.69% year-on-year[5]. - Total operating revenue for Q1 2023 was ¥601.14 million, a decrease of 2.5% compared to ¥613.65 million in Q1 2022[19]. - Net profit for Q1 2023 increased significantly to ¥12.76 million, up 168.3% from ¥4.74 million in Q1 2022[20]. - The total comprehensive income for Q1 2023 was ¥12.07 million, an increase from ¥4.53 million in Q1 2022[20]. - The company’s total profit for Q1 2023 was ¥16.50 million, an increase of 77.5% from ¥9.33 million in Q1 2022[19]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -161,536,679.82, a decline of 478.82% compared to the same period last year[5]. - Cash and cash equivalents at the end of Q1 2023 were ¥1.36 billion, down from ¥1.55 billion at the beginning of the quarter[23]. - The company experienced a net cash outflow from investing activities of -¥31.22 million, compared to -¥176.44 million in Q1 2022[22]. - Total assets at the end of the reporting period were CNY 4,096,970,802.71, down 3.45% from the end of the previous year[5]. - The company's total current assets were reported at ¥3,265,848,665.21, down from ¥3,426,843,168.26, indicating a decrease of about 4.69%[15]. - The cash and cash equivalents decreased to ¥1,460,946,936.72 from ¥1,654,114,692.49, representing a decline of approximately 11.69%[15]. - The total liabilities decreased to ¥682,161,909.42 from ¥842,600,366.71, showing a reduction of about 19.01%[16]. - The company reported a decrease in current liabilities to ¥679,145,518.47 from ¥839,583,975.76, which is a reduction of about 19.1%[16]. Shareholder Information - Shareholders' equity attributable to the company was CNY 3,372,199,978.14, an increase of 0.44% from the previous year-end[5]. - The total number of ordinary shareholders at the end of the reporting period was 116,730[10]. - The company's equity attributable to shareholders increased slightly to ¥3,372,199,978.14 from ¥3,357,439,185.24, reflecting an increase of approximately 0.44%[17]. Inventory and Receivables - The company's inventory decreased to ¥626,459,368.85 from ¥643,506,661.51, indicating a decline of about 2.66%[15]. - The accounts receivable increased to ¥1,088,584,614.28 from ¥1,039,217,700.66, reflecting an increase of approximately 4.75%[15]. Research and Development - Research and development expenses for Q1 2023 were ¥36.22 million, down 7.5% from ¥39.18 million in Q1 2022[19]. Share Capital Management - The company plans to reduce its holdings in other listed companies, with a maximum of 523,472 shares to be sold, representing 2% of its total share capital[12]. - The company has initiated a new plan to sell up to 263,994 shares, which is also 1% of its total share capital, and this plan is currently in progress[13].