BIEM(SZ:002832)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥1,078,874,765.84, representing a 33.13% increase compared to ¥810,420,572.37 in the same period last year[3] - Net profit attributable to shareholders was ¥300,665,438.83, up 41.36% from ¥212,692,757.27 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥287,840,939.05, reflecting a 42.74% increase from ¥201,656,919.76 in the previous year[3] - Basic earnings per share increased to ¥0.53, a rise of 39.47% compared to ¥0.38 in the same period last year[3] - Operating profit for the current period was ¥368,232,805.10, up from ¥260,769,212.05 in the previous period, indicating a growth of approximately 41.1%[14] - The total profit for the current period was ¥368,226,521.05, compared to ¥259,774,565.13 in the previous period, indicating an increase of about 41.8%[15] - The company's commission income for the current period was ¥706,214,684.41, up from ¥552,546,551.89 in the previous period, reflecting a growth of approximately 27.8%[14] Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥5,885,999,354.18, a 5.50% increase from ¥5,578,885,921.48 at the end of the previous year[3] - Total liabilities increased to RMB 1,452,755,100.59 from RMB 1,447,402,445.10, showing a slight increase of about 0.4%[12] - The company's total equity rose to RMB 4,433,244,253.59 from RMB 4,131,483,476.38, marking an increase of approximately 7.3%[12] - The company reported a total current asset of RMB 4,523,777,433.06, an increase from RMB 4,124,154,884.79 at the beginning of the year, reflecting a growth of approximately 9.7%[11] Cash Flow - Cash flow from operating activities was ¥506,966,122.25, which is an 8.65% increase from ¥466,607,840.66 in the same period last year[3] - The company reported a net cash inflow from operating activities of ¥506,966,122.25, compared to ¥466,607,840.66 in the previous period, showing an increase of about 8.6%[17] - Cash and cash equivalents at the end of the period totaled ¥2,258,061,164.67, significantly higher than ¥1,206,246,153.55 at the end of the previous period, marking an increase of approximately 87.2%[18] - The company reported a significant increase in cash and cash equivalents, reaching ¥2,292,609,362.29, a 100.28% increase from ¥1,144,693,949.57[6] - The company generated cash inflow from investment activities of ¥1,507,936,576.14, compared to ¥1,391,560,852.45 in the previous period, representing an increase of about 8.4%[17] - The company reported a net increase in cash and cash equivalents of ¥1,158,969,649.34, compared to ¥148,227,447.50 in the previous period, showing a substantial increase[18] Investments and Acquisitions - The company has invested EUR 57 million in acquiring 100% equity of Cerruti Investment Pte. Ltd. and Cerruti 1881, expanding its luxury brand portfolio[10] - The company is actively pursuing international expansion through acquisitions, enhancing its market presence in the luxury sector[10] Other Financial Metrics - The weighted average return on equity was 7.02%, up from 6.27% in the previous year[3] - The company recorded a decrease in trading financial assets, which fell by 49.11% to ¥701,715,972.22 from ¥1,378,756,798.87[6] - The company’s intangible assets increased by 162.96% to ¥339,252,969.78, primarily due to the transfer of prepaid land costs[6] - The company's inventory decreased to RMB 652,798,044.35 from RMB 745,605,174.25, representing a decline of approximately 12.4%[11] - The company reported a significant increase in accounts receivable, which rose to RMB 314,416,157.31 from RMB 252,544,886.96, reflecting a growth of approximately 24.5%[11] - The company’s short-term borrowings and other financial liabilities were not disclosed, indicating a focus on maintaining liquidity[12] Audit Status - The first quarter report of the company is unaudited[19]