Financial Performance - The company's revenue for Q1 2023 was CNY 133,302,433.13, representing a year-over-year increase of 16.84% compared to CNY 114,091,332.85 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was CNY 41,077,930.91, a 33.20% increase from CNY 30,839,241.01 in Q1 2022[4]. - The total operating revenue for Q1 2023 was CNY 133,302,433.13, an increase from CNY 114,091,332.85 in the previous period[27]. - The total profit for the quarter was CNY 46,125,728.75, compared to CNY 37,724,803.92 in Q1 2022, reflecting an increase of 22.5%[28]. - Operating profit for the quarter was CNY 46,151,728.75, up from CNY 36,204,833.92 in the same period last year, reflecting a growth of 27.1%[28]. - The company reported a basic earnings per share of CNY 0.1009, reflecting a 13.50% increase from CNY 0.0889 in Q1 2022[4]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.1009, compared to CNY 0.0889 in Q1 2022, indicating a growth of 13.5%[29]. Profitability Metrics - The gross profit margin for the main business in Q1 2023 was 53.49%, up from 48.42% in 2022, indicating improved profitability[9]. - The company's gross profit margin for the smart traffic derivative business was 94.29%, up from 83.04% in the previous year, indicating strong growth in high-margin services[9]. - The company reported a net profit margin improvement, with net profit for the period not explicitly stated but indicated by the increase in retained earnings to CNY 545,049,272.42 from CNY 503,971,341.51[25]. Revenue Sources - The revenue from smart traffic electronic toll collection business was CNY 83,675,600, accounting for 62.77% of total revenue, with a year-over-year growth of 13.61%[8]. - The revenue from smart traffic operation management system business was CNY 41,428,100, representing a 12.39% increase year-over-year[8]. - Total revenue from sales and services received was CNY 98,082,128.84, slightly down from CNY 99,111,036.49 in Q1 2022[31]. Cash Flow and Assets - The operating cash flow for Q1 2023 was -CNY 143,484,221.76, an improvement of 76.24% compared to -CNY 603,855,768.20 in the same period last year[4]. - The company's cash flow from operating activities, excluding collection and payment of toll fees, was -CNY 29,476,600, a decrease of CNY 1,675,900 compared to the previous year[10]. - The company's cash and cash equivalents at the end of Q1 2023 were CNY 155,712,314.17, down from CNY 161,179,201.99 at the beginning of the year[23]. - The accounts receivable increased to CNY 171,397,233.36 from CNY 137,150,250.29 at the beginning of the year, reflecting a growth of approximately 25%[23]. - The total assets at the end of Q1 2023 were CNY 5,135,149,438.58, a decrease of 1.39% from CNY 5,207,663,257.49 at the end of the previous year[4]. - The total liabilities decreased to CNY 2,573,668,430.57 from CNY 2,685,748,288.00 at the beginning of the year[25]. - The equity attributable to the owners of the parent company increased to CNY 2,500,001,224.50 from CNY 2,458,923,293.59 at the beginning of the year[25]. Expenses and Investments - The total operating costs for Q1 2023 amounted to CNY 95,180,947.39, up from CNY 81,883,852.48 in the previous period[27]. - Research and development expenses increased to CNY 9,831,010.88, compared to CNY 8,790,682.69 in Q1 2022, marking a rise of 11.8%[28]. - The company incurred financial expenses of -CNY 11,246,572.53, an improvement from -CNY 12,316,374.93 in the previous year[28]. - Capital expenditures for fixed assets, intangible assets, and other long-term assets increased significantly by 966.54% to ¥56,651,355.63, mainly due to investments in fundraising projects[14]. Other Income and Losses - Other income increased by 120% to ¥1,116,010.99, primarily due to government subsidies related to daily operations[14]. - Investment income rose significantly by 76.39% to ¥9,844,538.78, attributed to increased investment returns from long-term large-denomination certificates of deposit[14]. - Credit impairment losses increased by 46.33% to -¥2,930,306.76, mainly due to an increase in accounts receivable leading to higher bad debt provisions[14]. - Cash received from tax refunds increased by 179.90% to ¥805,331.86, reflecting a rise in tax refunds received[14]. - Cash recovered from investments decreased by 32.19% to ¥5,838,500,000.00, primarily due to a reduction in the frequency of structured deposit operations[14]. - Cash received from investment income decreased by 34.35% to ¥3,328,182.57, as returns from long-term large-denomination certificates of deposit were collected upon maturity[14]. - The company did not record any asset disposal gains this period, a decrease of 100% compared to the previous period where it recorded -¥28,184.93[14]. - The company reported no asset impairment losses this period, a decrease of 100% compared to the previous period where it recorded ¥60,225.37[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,821, with the largest shareholder holding 49.35% of the shares[16]. - The company has a total of 3,663,010 shares that became tradable on March 9, 2023, representing 0.9% of the total share capital post-IPO[21].
通行宝(301339) - 2023 Q1 - 季度财报