Financial Performance - The company's operating revenue for Q1 2023 was ¥426,742,009.99, representing a 3.69% increase compared to ¥411,536,049.48 in the same period last year[5]. - The net profit attributable to shareholders was ¥42,033,175.35, up 2.57% from ¥40,981,371.75 year-on-year[5]. - The net profit excluding non-recurring gains and losses increased by 18.75% to ¥39,570,764.72 from ¥33,323,082.37 in the previous year[5]. - The total comprehensive income for the first quarter of 2023 was CNY 41,421,855.02, compared to CNY 43,653,401.32 in the same period last year, reflecting a decrease of approximately 5.3%[22]. - Net profit for Q1 2023 reached CNY 41,451,618.29, a decrease of 5.4% from CNY 43,814,342.97 in Q1 2022[21]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching -¥6,959,455.15, a 94.08% reduction in cash outflow compared to -¥117,580,202.06 in the same period last year[5][10]. - Cash inflow from operating activities totaled CNY 408,259,639.80, up from CNY 377,040,269.45 year-over-year, representing an increase of about 8.4%[24]. - The cash outflow from operating activities was CNY 415,219,094.95, down from CNY 494,620,471.51, showing a decrease of approximately 16.0%[25]. - The net cash flow from investing activities was CNY -134,834,806.35, an improvement from CNY -184,701,625.94 in the previous year, indicating better cash management in investments[25]. - Cash and cash equivalents at the end of Q1 2023 were CNY 1.59 billion, down from CNY 1.74 billion at the beginning of the year[16]. - The cash and cash equivalents at the end of the period stood at CNY 330,376,108.18, compared to CNY 166,051,586.90 at the end of the previous year, marking an increase of about 99.0%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,254,954,806.97, reflecting a 1.93% increase from ¥3,193,190,311.62 at the end of the previous year[5]. - Total liabilities for Q1 2023 were CNY 1,165,388,167.60, compared to CNY 1,145,045,527.27 in Q1 2022, indicating an increase of 1.9%[18]. - The equity attributable to shareholders increased by 2.04% to ¥2,103,731,567.69 from ¥2,061,716,250.30 at the end of the last year[5]. - The equity attributable to shareholders of the parent company was CNY 2,103,731,567.69, an increase from CNY 2,061,716,250.30 in the previous year[18]. Market Position and Growth - The company's market share in the book retail market increased, maintaining the top position among national publishers[14]. - The retail market for books in China saw a year-on-year decline of 6.55% in Q1 2023, but the decline narrowed compared to the full year of 2022[14]. - The company’s share of the social sciences and children's book market has risen to first place[14]. - The company reported a positive growth in online bookstore channels in February and March 2023[14]. - The company plans to continue focusing on market expansion and new product development to drive future growth[19]. Expenses and Efficiency - The company's R&D expenses increased to CNY 1,971,072.20 in Q1 2023, compared to CNY 1,630,228.38 in Q1 2022, marking a growth of 20.9%[21]. - The company reported a decrease in sales expenses to CNY 74,600,866.55 in Q1 2023 from CNY 85,601,289.24 in Q1 2022, a reduction of 12.9%[21]. - The financial expenses showed a net income of CNY -4,284,958.32 in Q1 2023, compared to CNY -3,817,525.17 in Q1 2022, indicating a higher financial efficiency[21]. - The company experienced a 100.51% increase in taxes and surcharges, amounting to ¥1,995,892.83, due to higher operating revenue[8]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,288[11]. - Basic and diluted earnings per share remained stable at CNY 0.22 for both the current and previous periods[22]. - The company did not report any net profit from subsidiaries prior to consolidation for the current and previous periods, indicating no significant changes in this area[22]. Audit and Reliability - The report for the first quarter of 2023 was not audited, which may affect the reliability of the financial data presented[26].
中信出版(300788) - 2023 Q1 - 季度财报