Palm(SZ:002431)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥868,278,664.95, representing a 57% increase compared to ¥553,032,268.37 in the same period last year[3] - The net loss attributable to shareholders was ¥88,448,457.20, an improvement of 52.85% from a loss of ¥187,605,245.97 in the previous year[3] - The net cash flow from operating activities increased by 1,140.74% to ¥279,701,484.46, up from ¥22,543,072.83 in the same period last year[3] - Total operating revenue for Q1 2023 was CNY 868,278,664.95, a significant increase of 56.9% compared to CNY 553,032,268.37 in the same period last year[24] - The net loss for Q1 2023 was CNY 94,238,349.98, an improvement from a net loss of CNY 196,564,618.04 in Q1 2022[25] - The company's gross profit margin decreased to approximately -9.6% in Q1 2023 from -24.5% in Q1 2022[25] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.05, compared to CNY -0.13 in Q1 2022[25] Cash Flow and Liquidity - The company's cash and cash equivalents increased to ¥974,616,666.86 from ¥520,972,868.13, representing a growth of approximately 86.9%[20] - Operating cash flow net amount reached ¥279,701,484.46, a significant increase from ¥22,543,072.83 in the previous period[27] - Cash inflow from operating activities totaled ¥1,620,595,706.47, compared to ¥1,492,110,689.78 last year, reflecting a growth of approximately 8.6%[27] - Cash outflow from operating activities decreased to ¥1,340,894,222.01 from ¥1,469,567,616.95, indicating improved cash management[27] - The net increase in cash and cash equivalents was ¥472,718,737.64, compared to ¥348,339,601.24 in the previous period[28] - The ending balance of cash and cash equivalents stood at ¥710,602,284.54, up from ¥619,982,089.11 last year[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,789,036,413.96, a 0.94% increase from ¥18,614,788,626.53 at the end of the previous year[3] - Total current assets rose to ¥11,253,235,933.70 from ¥10,842,702,309.42, indicating an increase of approximately 3.8%[20] - Total liabilities as of Q1 2023 were CNY 14,467,718,286.31, an increase from CNY 14,197,896,064.64 in the previous year[26] - Total current liabilities increased to ¥13,338,024,303.52 from ¥12,964,570,958.75, representing a rise of approximately 2.9%[21] - Short-term borrowings increased by 45.30%, indicating a rise in new short-term loans[8] - Short-term borrowings surged to ¥2,761,826,387.68 from ¥1,900,832,458.48, marking an increase of about 45.3%[21] Investment and Expenses - Research and development expenses decreased by 39.09%, indicating a reduction in ongoing projects[11] - The company reported a 106.72% increase in investment income due to the sale of equity in Huzhou Huayang Nianhua Ecological Town Development Co., Ltd.[11] - Research and development expenses for Q1 2023 were CNY 28,572,869.90, down 39.1% from CNY 46,913,422.23 in the previous year[25] - The company reported an investment income of CNY 2,845,232.74 in Q1 2023, a recovery from a loss of CNY 42,354,459.92 in the same period last year[25] Corporate Governance - The company completed the election of the sixth board of directors and supervisory board on February 3, 2023[16] - The company successfully paid the principal and interest of the corporate bond "18 Palm 02" on February 6, 2023[18]