久远银海(002777) - 2023 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2023 was CNY 187,669,914.94, an increase of 25.9% compared to CNY 148,984,644.06 in Q1 2022[3] - The net profit for Q1 2023 reached CNY 15,868,546.53, representing a 16.6% increase from CNY 13,602,485.72 in Q1 2022[4] - The net profit attributable to shareholders for Q1 2023 was CNY 16,749,089.72, a 6.24% increase from CNY 15,765,705.35 year-on-year[30] - The total comprehensive income for the period was 15,868,546.53 CNY, an increase from 13,602,485.72 CNY in the previous period, indicating improved overall financial performance[48] - The net income attributable to the parent company was 16,749,089.72 CNY, up from 15,765,705.35 CNY, reflecting a positive trend in profitability[48] Operating Costs and Expenses - The total operating costs for Q1 2023 were CNY 167,447,079.03, up from CNY 134,047,572.98 in the same period last year, reflecting a growth of 24.9%[4] - Research and development expenses for Q1 2023 were CNY 17,339,969.42, slightly up from CNY 17,193,668.13 in Q1 2022, indicating a focus on innovation[4] - The company reported a decrease in sales expenses to CNY 29,051,059.19 from CNY 30,205,003.47, a decline of 3.8%[4] - Operating costs reached ¥94.83 million, up 68.31% from ¥56.34 million, attributed to a higher proportion of lower-margin software project revenues[33] - The cash paid for employee compensation increased to 170,167,797.28 CNY from 150,105,388.29 CNY, indicating rising labor costs[43] Cash Flow and Liquidity - The cash inflow from operating activities was CNY 201,375,898.23, significantly higher than CNY 127,446,795.36 in the previous year, marking an increase of 57.8%[5] - The company's cash flow from operating activities showed significant improvement, indicating better operational efficiency[30] - The net cash outflow from operating activities was -124,519,285.98 CNY, an improvement from -160,805,851.47 CNY in the previous period, indicating a reduction in cash burn[43] - The ending cash and cash equivalents balance decreased to 444,853,899.04 CNY from 565,827,789.34 CNY at the beginning of the period, showing a significant reduction in liquidity[43] - Cash received from investment activities was significantly lower at 10,262,972.50 CNY compared to 116,783,184.92 CNY in the prior period, highlighting a decline in investment returns[43] Assets and Liabilities - The company's total liabilities decreased to CNY 796,343,177.93 from CNY 851,186,120.41, a reduction of approximately 6.5%[3] - Total assets at the end of Q1 2023 were CNY 2,495,098,662.17, a decrease of 1.54% from CNY 2,534,073,058.12 at the end of the previous year[30] - The total equity attributable to shareholders of the parent company increased to CNY 1,559,682,453.13 from CNY 1,542,933,363.41, reflecting a growth of 1.1%[3] - The equity attributable to shareholders increased by 1.09% to CNY 1,559,682,453.13 from CNY 1,542,933,363.41 at the end of the previous year[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,184, with the largest shareholder holding 26.29% of the shares[35] - The company’s largest shareholder, Sichuan Jiuyuan Investment Holding Group Co., Ltd., holds 26.29% of the shares, indicating potential changes in actual control due to ongoing equity restructuring[37] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,369,744.61 during the reporting period[30] - Other income increased to ¥3.11 million, a 39.14% rise from ¥2.24 million, mainly due to higher government subsidy income[33] Strategic Initiatives - The company aims to expand its market presence and enhance product offerings in the upcoming quarters, focusing on technological advancements and strategic partnerships[4] Miscellaneous - The basic earnings per share remained stable at CNY 0.04, unchanged from the previous year[30] - The company completed the deregistration of its wholly-owned subsidiary, Sichuan Yinhai Software Co., Ltd., as announced on April 6, 2023[20] - The company reported a slight decrease in the weighted average return on equity to 1.08% from 1.10% year-on-year[30] - The company's financial expenses decreased by 32.94% to -¥1.24 million, primarily due to reduced interest income[33]