eGOVA(SZ:300075)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥272,095,500.38, representing an increase of 8.62% compared to ¥250,497,164.07 in the same period last year[14] - Net profit attributable to shareholders was ¥50,239,488.89, up 32.23% from ¥37,995,092.74 year-on-year[14] - The net profit for Q1 2023 reached CNY 50,230,304.73, compared to CNY 37,975,514.47 in Q1 2022, reflecting a growth of 32.5%[39] - The total comprehensive income attributable to the parent company was CNY 50,239,488.89, compared to CNY 37,995,092.74 in the previous period, indicating a significant increase[41] - Basic and diluted earnings per share were both CNY 0.0987, up from CNY 0.0769 in the previous period, reflecting a growth of 28.8%[41] Cash Flow - The net cash flow from operating activities improved to -¥84,079,691.04, a 31.91% increase compared to -¥123,484,508.18 in the previous year[14] - Cash inflows from operating activities totaled CNY 264,577,506.68, compared to CNY 196,403,212.71 in the previous period, marking an increase of approximately 34.7%[45] - Cash outflows from operating activities amounted to CNY 348,657,197.72, up from CNY 319,887,720.89 in the previous period, resulting in a net cash flow from operating activities of CNY -84,079,691.04, an improvement from CNY -123,484,508.18[45] - The company reported a net decrease in cash and cash equivalents of CNY -710,598,048.77, an improvement from CNY -847,304,301.34 in the previous period[45] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,765,416,627.24, a slight increase of 0.36% from ¥4,748,361,619.68 at the end of the previous year[14] - Total liabilities decreased to CNY 874,308,081.89 from CNY 924,561,644.56 at the start of the year[34] - The company's equity attributable to shareholders increased to CNY 3,884,564,040.95 from CNY 3,817,246,286.56[34] Investment and Income - Investment income rose significantly by 62.57% to ¥960,990.80, compared to ¥591,132.86 in the previous year, mainly due to increased returns from financial investments[12] - Other income decreased by 61.47% to ¥4,066,072.07, down from ¥10,553,871.63, primarily due to a reduction in VAT refunds[12] Shareholder Information - The company reported a total of 77,958 common shareholders at the end of the reporting period, with the largest shareholder, Wu Qianghua, holding 23.06% of shares[20] - As of March 31, 2023, the company repurchased a total of 3,430,400 shares, representing 0.6719% of the total share capital, with a total expenditure of approximately RMB 50.40 million[29] - The company plans to use its own funds to repurchase shares for employee stock ownership plans and/or equity incentives, with a total repurchase amount between RMB 50 million and RMB 100 million[28] - The maximum repurchase price for shares is set at RMB 23 per share, with the repurchase period lasting 12 months from the board's approval date[28] Research and Development - Research and development expenses for Q1 2023 were CNY 26,882,655.40, compared to CNY 25,224,033.84 in Q1 2022, reflecting a 6.6% increase[39] Business Operations - The company has been actively involved in over 150 integrated governance projects across various levels of government, leading to a significant increase in revenue from this business segment[27] - The company aims to enhance its core competitiveness in products and services by focusing on the integration and utilization of data elements, which are crucial for digital economic development[24] - The company has conducted electronic government data element collection and operation services in over 100 cities nationwide, emphasizing the importance of data management in urban governance[27] - The company’s revenue from integrated governance services has seen a substantial year-on-year increase, reflecting the growing demand for digital government solutions[27] - The company is exploring new value models for data asset applications to address urban management challenges and enhance digital governance capabilities[27]