GTCL(000978)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥85,766,099.54, representing a 286.00% increase compared to ¥22,219,223.05 in the same period last year[3] - The net profit attributable to shareholders was -¥12,508,259.97, an improvement of 82.46% from -¥71,315,050.86 year-on-year[3] - The basic and diluted earnings per share were both -¥0.027, an improvement of 86.36% from -¥0.198 in the same period last year[3] - The net loss for Q1 2023 was ¥15,288,061.15, compared to a net loss of ¥75,049,793.64 in Q1 2022, indicating an improvement of approximately 79.7%[22] - The company reported a net loss attributable to shareholders of CNY -12,508,259.97, a reduction in loss compared to CNY -71,315,050.86 in the same period last year[10] Cash Flow and Liquidity - The net cash flow from operating activities was -¥8,260,986.17, showing an 83.29% increase compared to -¥49,440,590.88 in the previous year[3] - The net cash flow from operating activities improved by CNY 41,179,604.71, or 83.29%, with cash received from sales and services increasing by 228.67%[12] - Cash flow from operating activities showed a net outflow of ¥8,260,986.17 in Q1 2023, an improvement from a net outflow of ¥49,440,590.88 in Q1 2022[24] - Cash and cash equivalents increased by CNY 47,935,890.00, or 113.26%, reaching CNY 90,259,001.69[12] - Cash and cash equivalents at the end of Q1 2023 totaled ¥128,761,944.83, up from ¥111,507,926.67 at the end of Q1 2022, marking an increase of about 15.4%[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,442,346,546.84, a 3.44% increase from ¥2,360,633,183.22 at the end of the previous year[3] - Current assets rose significantly to CNY 264,067,647.56 from CNY 167,321,887.81, marking an increase of about 57.73%[18] - Total liabilities increased to CNY 1,175,480,599.80 from CNY 1,079,063,310.55, indicating a rise of approximately 8.93%[20] - The company's long-term borrowings rose significantly to CNY 666,394,633.33 from CNY 476,860,000.00, an increase of about 39.73%[20] - The total equity attributable to shareholders decreased to CNY 1,274,923,185.53 from CNY 1,287,431,445.50, a decline of approximately 0.98%[20] Revenue and Costs - Total operating costs increased to ¥101,152,669.46 in Q1 2023 from ¥94,051,177.44 in Q1 2022, reflecting a rise of about 7.3%[22] - In Q1 2023, the company reported operating revenue of CNY 85,766,099.54, a 286% increase compared to CNY 22,219,223.05 in Q1 2022, driven by a 215% increase in visitor numbers[10] - The company reported a government subsidy of ¥932,753.12 related to its normal business operations[5] Investments and Financing - Investment income rose to CNY 2,697,910.40, a significant turnaround from a loss of CNY 3,762,575.48 in the previous year, reflecting a recovery in the tourism sector[10] - Financial expenses decreased by CNY 5,709,620.93, or 41.15%, due to the repayment of bank loans using funds raised from a private placement in May 2022[10] - Investment activities resulted in a net cash outflow of ¥5,745,534.98 in Q1 2023, compared to a net outflow of ¥14,663,194.24 in Q1 2022, showing a reduction in cash outflow by approximately 60.9%[24] - Financing activities generated a net cash inflow of ¥104,265,522.84 in Q1 2023, slightly down from ¥106,426,896.81 in Q1 2022[24] Strategic Initiatives - The company plans to continue expanding its market presence and enhancing its service offerings in the tourism sector following the recovery trend observed in early 2023[10] - The company completed a board and management restructuring on March 21, 2023, as part of its strategic initiatives[15] Other Financial Information - The company experienced a foreign exchange loss of -¥1,865,354.08 from its foreign currency borrowings[5] - The company received insurance compensation of CNY 300,000 and penalty fees totaling CNY 240,000, contributing to a significant increase in other income[10] - The company did not undergo an audit for the Q1 2023 report[25]