Beijing (SZ:300803)2023-04-24 16:00Financial Performance - Total revenue for Q1 2023 was ¥338,012,494, a decrease of 45.78% compared to ¥623,403,436 in the same period last year[3] - Net profit attributable to shareholders was ¥57,368,704, down 78.49% from ¥266,743,618 year-on-year[3] - Basic earnings per share decreased by 78.79% to ¥0.14 from ¥0.66 in the same period last year[3] - Operating profit for Q1 2023 was CNY 74,311,625, a decline of 76.4% from CNY 314,665,171 in the previous year[20] - Net profit for Q1 2023 was CNY 57,366,966, down 78.5% from CNY 266,743,618 in Q1 2022[20] Cash Flow and Liquidity - Net cash flow from operating activities increased by 198.88% to ¥1,644,008,826, compared to ¥550,058,215 in the previous year[3] - The company reported a net cash inflow from operating activities of CNY 372,825,511 from sales of goods and services, compared to CNY 801,311,671 in the previous year[22] - The net increase in cash and cash equivalents for Q1 2023 was CNY 1,533,465,411, compared to CNY 186,385,514 in Q1 2022, indicating a substantial improvement in liquidity[24] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 2,895,628,655, compared to CNY 1,786,037,674 at the end of Q1 2022, indicating an increase of about 62%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,522,349,364, an increase of 29.42% from ¥4,267,139,659 at the end of the previous year[3] - Total liabilities increased to CNY 3,774,000,963, up 46.0% from CNY 2,585,871,083 in the previous year[19] - The total assets of the company increased to CNY 5,522,349,364.00 as of March 31, 2023, compared to CNY 4,267,139,659.00 at the beginning of the year, reflecting a growth of approximately 29.4%[18] Operational Changes - The company reported a significant increase in cash and cash equivalents, rising by 101.25% to ¥2,453,105,370 due to increased customer deposits[8] - Management expenses rose by 157.54% to ¥67,728,486, primarily due to the inclusion of Maigao Securities in the consolidated financial statements[9] - The company's financial information service business experienced a significant decline in Q1 2023 compared to the same period last year, primarily due to a focus on marketing the "All-Win" series software products, leading to a substantial decrease in operating cash flow and revenue[13] - The brokerage business of the acquired Mai Gao Securities showed improvement, with a noticeable increase in client assets under custody and brokerage revenue, although it still did not achieve profitability in Q1 2023[14] Investment Activities - The company recorded a net loss from investment activities of ¥157,954,702, an improvement of 63.88% compared to a loss of ¥437,300,452 in the previous year[9] - The cash inflow from investment activities was CNY 150,074,107 in Q1 2023, a decrease from CNY 2,422,691,676 in Q1 2022, highlighting a reduction in investment recovery[23] - The cash paid for purchasing fixed assets and intangible assets was CNY 23,628,809 in Q1 2023, compared to CNY 2,232,128 in Q1 2022, showing an increase in capital expenditures[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,986[10] - The largest shareholder, Guangzhou Zhanxin Communication Technology, held 40.70% of the shares[10] - The company's stock option incentive plan saw 71,305 options exercised, with 1,200 options remaining unexercised as of the end of the reporting period[15] Future Outlook - The company plans to launch the "All-Win Decision Intelligence Alpha" product in the second half of 2023, which was not marketed in Q1 2023, impacting the comparability of financial metrics[13] - The company's operating performance is highly correlated with the capital market's conditions, which have shown a lagged effect on the company's financial results[14]