GOHIGH(SZ:000851)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,225,991,234.64, representing a 19.80% increase compared to ¥1,023,380,906.44 in the same period last year[5]. - Net profit attributable to shareholders was ¥7,946,729.11, a significant increase of 286.03% from ¥2,058,604.36 in the previous year[5]. - Basic earnings per share rose to ¥0.0070, up 288.89% from ¥0.0018 in the previous year[5]. - Total revenue for Q1 2023 reached ¥1,225,991,234.64, an increase of 19.7% compared to ¥1,023,380,906.44 in Q1 2022[23]. - The net profit for Q1 2023 was CNY 5,206,644.12, a significant increase from CNY 2,492,964.41 in Q1 2022, representing a growth of approximately 108.7%[24]. - The total comprehensive income attributable to the parent company was CNY 7,891,481.29, compared to CNY 2,029,580.33 in the same period last year, marking an increase of about 288.5%[24]. - The total profit for the period was CNY 7,262,227.39, compared to CNY 5,111,438.64 in Q1 2022, indicating an increase of approximately 42.1%[24]. Cash Flow and Assets - The net cash flow from operating activities was -¥679,729,783.54, which is a 21.09% decline compared to -¥561,361,883.07 in the same period last year[5]. - Cash inflows from operating activities totaled CNY 1,714,760,953.53, slightly down from CNY 1,716,144,098.10 in the previous year[27]. - Cash and cash equivalents decreased to ¥1,505,773,677.46 from ¥1,989,327,199.10 at the beginning of the year, a decline of 24.3%[22]. - Cash and cash equivalents at the end of the period were CNY 617,831,404.93, down from CNY 870,112,477.33 at the end of Q1 2022[28]. - Total assets at the end of the reporting period were ¥10,410,716,631.53, a slight increase of 0.18% from ¥10,391,620,663.81 at the end of the previous year[5]. - Total current assets slightly decreased to ¥7,674,738,502.09 from ¥7,693,467,994.65, a reduction of 0.2%[22]. - Cash outflows from investing activities were CNY 210,208,837.33, compared to CNY 139,632,560.17 in the previous year[27]. Liabilities and Equity - The company’s total liabilities increased, leading to a decrease in cash and cash equivalents by 24.31% to ¥1,505,773,677.46 from ¥1,989,327,199.10[8]. - Total liabilities increased to ¥5,391,729,696.63 from ¥5,381,143,543.66, reflecting a growth of 0.2%[22]. - Total equity attributable to shareholders rose to ¥4,465,745,448.69 from ¥4,454,495,548.94, an increase of 0.3%[22]. Research and Development - The company increased its R&D expenditure to ¥27,978,077.50, reflecting a 29.76% rise from ¥21,561,188.56 in the previous year[8]. - Research and development expenses increased to ¥27,978,077.50 in Q1 2023, up from ¥21,561,188.56 in Q1 2022, marking a rise of 29.8%[23]. Shareholder Information - The major shareholder, Telecom Science and Technology Research Institute, holds 12.86% of the company's shares, amounting to 148,862,012 shares[11]. - The company has a total of 12,573,870 shares held by Hong Kong Central Clearing Limited, representing 1.09% of the total shares[11]. - The company has a total of 11,880,740 shares held by a natural person, representing 1.03% of the total shares[11]. - The company has a total of 5,847,700 shares held by a natural person, representing 0.51% of the total shares[11]. - The company approved a restricted stock incentive plan on March 9, 2022, granting 37.28 million shares, accounting for 3.27% of the total share capital of 1,140.03 million shares[16]. - On June 21, 2022, the company granted 24.72 million A-shares at a price of 3.38 CNY per share to 132 incentive recipients[18]. Property Transactions - The company completed the transfer of two properties to its major shareholder, receiving a total of RMB 65,437,700 for the transactions[15]. - The company sold a property in Beijing for RMB 35 million and another for RMB 34 million, with the properties having areas of 1,504.62 square meters and 1,975.96 square meters respectively[14]. - The company received payment for the property transfers, with RMB 33,328,300 for the Lishui Bridge property and RMB 32,109,400 for the Youth Road property[15]. Legal and Compliance - As of December 31, 2022, the company had 267.27 million CNY frozen in bank accounts due to a lawsuit, representing 5.22% of the audited net assets for 2021[19]. - The company has a total of 183 bank accounts, with the frozen accounts constituting 3.27% of the total[19]. - The company reported a balance of 28.29 million CNY in a lawsuit regarding unpaid debts for laptops, with additional claims for penalties and legal fees[18]. - The company is actively addressing the issue of frozen accounts and does not expect significant impact on its operations[19]. - The company received a business license from the Gui'an New Area Market Supervision Administration on March 31, 2023[19]. Fundraising and Capital Raising - The company plans to issue up to 339,942,006 A-shares to no more than 35 investors, raising a total of up to RMB 1,528.65 million[13]. - The company has not yet completed its fundraising efforts from the non-public offering as of the report date[13]. - The company is in the process of expanding its market presence through asset sales and capital raising initiatives[13]. Other Financial Metrics - The company reported a 243.14% increase in non-operating income, totaling ¥10,488,931.04, compared to ¥3,056,735.94 in the previous year[8]. - The company experienced a 100.49% increase in prepayments, amounting to ¥1,200,344,804.00, up from ¥598,701,508.43 at the beginning of the year[8]. - The company incurred a tax expense of CNY 2,055,583.27, down from CNY 2,618,474.23 in the previous year[24]. - The company reported a net credit impairment loss of ¥8,042,988.44, compared to ¥5,006,798.26 in the previous year, indicating an increase of 60.7%[23]. - The company completed the repurchase and cancellation of 6.89 million shares from a previous incentive plan due to unmet performance conditions[19]. - The company has 60 million CNY in idle raised funds available for return to subsidiary accounts if needed[19].