CTS(SZ:000551)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,079,451,537.31, representing a 7.93% increase compared to ¥1,000,382,190.86 in the same period last year[5]. - Net profit attributable to shareholders was ¥38,439,773.91, a 1.28% increase from ¥37,745,831.67 in the previous year[5]. - The company's investment income increased by 112.57%, reaching ¥1,921,343.58, primarily due to the transfer of equity stakes in subsidiaries[9]. - The company reported a total comprehensive income of CNY 39,951,683.99 for Q1 2023, down from CNY 96,952,659.92 in Q1 2022[18]. - Net profit for Q1 2023 reached CNY 64,774,983.89, compared to CNY 58,669,492.57 in Q1 2022, reflecting a growth of approximately 10.7%[17]. Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥13,224,509.99, a 72.77% reduction from the previous year's outflow of ¥48,317,270.19[5][10]. - Total cash inflow from operating activities is 905,308,355.90 yuan, compared to 877,774,031.62 yuan in the previous period, reflecting a year-over-year increase of approximately 3.6%[20]. - Cash outflow from operating activities totals 918,532,865.89 yuan, slightly down from 926,331,635.49 yuan in the previous period[20]. - The company reported a cash inflow of 5,254,905.28 yuan from investment activities, a significant increase from 32,000.00 yuan in the previous period[20]. - Cash outflow from investment activities is 20,461,386.43 yuan, down from 75,949,168.01 yuan in the previous period, showing a decrease of approximately 73%[20]. - The net cash flow from financing activities is -15,733,159.29 yuan, compared to a positive cash flow of 29,866,396.50 yuan in the previous period[20]. - The cash flow from operating activities netted a total of -13,224,509.99 yuan, indicating ongoing challenges in cash generation despite improvements[20]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥6,361,473,496.41, reflecting a 0.91% increase from ¥6,304,374,817.58 at the end of the previous year[5]. - Total liabilities as of Q1 2023 were CNY 3,078,948,371.82, compared to CNY 3,063,160,086.44 in the previous year, indicating a slight increase[17]. - The company's cash and cash equivalents at the end of Q1 2023 amount to ¥1,217,061,900.06, down from ¥1,292,878,371.22 at the beginning of the year, representing a decrease of approximately 5.8%[13][14]. - Total current assets increased to ¥4,293,266,758.59 from ¥4,183,832,139.22, showing a growth of about 2.6%[14]. - Non-current assets decreased to ¥2,068,206,737.82 from ¥2,120,542,678.36, reflecting a decline of approximately 2.5%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 24,896[11]. - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., holds 35.57% of shares, totaling 143,701,054 shares[11]. - The company’s total equity attributable to shareholders increased by 0.65% to ¥2,312,262,495.04 compared to ¥2,297,299,633.09 at the end of the previous year[5]. - Total equity attributable to shareholders of the parent company was CNY 2,312,262,495.04, up from CNY 2,297,299,633.09 in Q1 2022[17]. Operational Metrics - The basic earnings per share for Q1 2023 was ¥0.0961, a 1.26% increase from ¥0.09 in the same period last year[5]. - The company's R&D expenses in Q1 2023 amounted to CNY 57,589,220.39, an increase from CNY 52,084,779.77 in Q1 2022, showing a rise of about 10.6%[17]. - Total operating costs for Q1 2023 were CNY 1,003,457,912.80, up from CNY 924,259,990.98 in the same period last year, indicating an increase of about 8.6%[17]. - The company experienced a 49.69% decrease in taxes payable, amounting to ¥17,749,088.74, due to lower corporate income tax and VAT obligations[9]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12].