TRE(SZ:300332)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,298,288,710.03, representing a 52.73% increase compared to ¥850,067,118.72 in the same period last year[6] - Net profit attributable to shareholders was ¥203,703,518.85, up 53.86% from ¥132,398,368.46 year-on-year[6] - The basic earnings per share increased by 56.86% to ¥0.2356 from ¥0.1502 in the previous year[6] - The total profit for the period was ¥283,875,882.02, reflecting a 57.11% increase from ¥180,682,291.78 in the previous year[12] - The net profit for Q1 2023 was CNY 207.72 million, a 58.6% increase from CNY 130.99 million in Q1 2022[28] - The total revenue from operating activities reached CNY 1.82 billion, up 68.9% from CNY 1.08 billion in the same period last year[30] - The operating profit for Q1 2023 was CNY 283.88 million, compared to CNY 180.68 million in Q1 2022, reflecting a growth of 56.9%[28] - The basic and diluted earnings per share increased to CNY 0.2356 from CNY 0.1502, representing a growth of 56.7%[28] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥97,225,186.29, a significant decrease of 1,745.00% compared to ¥5,910,339.70 in the same period last year[15] - Cash and cash equivalents decreased to ¥1,586,065,788.26 from ¥1,741,689,283.66 at the beginning of the year, a decline of 8.9%[24] - The cash flow from operating activities showed a net outflow of CNY 97.23 million, a decline from a net inflow of CNY 5.91 million in Q1 2022[31] - The cash and cash equivalents at the end of Q1 2023 were CNY 357.71 million, down from CNY 408.62 million at the end of Q1 2022[31] - Total assets at the end of the reporting period were ¥9,270,388,020.71, a slight decrease of 0.25% from ¥9,293,575,950.36 at the end of the previous year[6] - Total liabilities decreased to ¥4,889,105,320.32 from ¥5,120,565,744.94 at the beginning of the year, indicating a reduction of 4.5%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,467[17] - The largest shareholder, Tianhao Investment Group, holds 14.85% of shares, totaling 130,951,823 shares, with 50,710,000 shares pledged[17] - The second-largest shareholder, Chen Zuotao, holds 5.03% of shares, totaling 44,362,867 shares, with 16,300,000 shares pledged[17] - The company has a total of 38,159,600 restricted shares held by executives, with no shares released during the reporting period[19] - The company repurchased 17,104,934 shares, accounting for 1.94% of the total share capital[18] Operational Changes - The company has revised its articles of association and changed its registered address to a new location in Beijing[20] - The company is in the process of electing a new board of directors and supervisory board, with candidates nominated for the fifth board[21] - The company has not disclosed any new product developments or market expansion strategies in the current report[22] Costs and Expenses - Total operating costs for Q1 2023 were ¥1,009,214,300.63, up 49.9% from ¥672,115,981.19 in Q1 2022[26] - The company plans to continue investing in research and development, with R&D expenses amounting to ¥5,415,474.43 in Q1 2023, up from ¥4,912,322.23 in Q1 2022[26] Other Financial Metrics - The company's weighted average return on equity increased to 4.71%, up from 3.58% in the previous year[6] - The company experienced a 40.04% decrease in notes receivable, which fell to ¥15,361,183.11 from ¥25,617,560.45[11] - Prepaid accounts increased by 71.81% to ¥174,008,904.17 from ¥101,281,688.86 year-on-year[11] - The company recorded a foreign exchange loss of CNY 430,042.50 during the quarter[31] - The investment activities resulted in a net cash outflow of CNY 70.71 million, an improvement from a net outflow of CNY 90.99 million in Q1 2022[31] - The financing activities generated a net cash outflow of CNY 97.82 million, compared to a net inflow of CNY 18.08 million in the same period last year[31]