CTFO(002373)2023-04-19 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,568,174,454.94, representing a 19.50% increase compared to ¥1,312,321,359.15 in the same period last year[19]. - Net profit attributable to shareholders was ¥157,572,475.65, a significant increase of 161.58% from a loss of ¥255,865,504.85 in the previous year[8]. - The net profit excluding non-recurring items was ¥12,425,105.26, a 119.01% increase from a loss of ¥65,363,102.78 in the previous year[8]. - The total comprehensive income attributable to the parent company's owners was CNY 165,627,610.57, compared to a loss of CNY 249,646,295.08 in the previous period[1]. - The net profit for the first quarter was 157,557,460.81, a significant recovery from a net loss of 263,871,061.44 in the previous year, marking a turnaround of approximately 197%[51]. - Operating profit reached 155,750,737.99, compared to an operating loss of 318,107,452.91 in the same period last year, indicating a substantial improvement[51]. - The total profit amounted to 155,547,399.06, recovering from a total loss of 317,956,603.18 in the previous year[51]. Cash Flow - The net cash flow from operating activities improved by 36.57%, amounting to -¥271,174,216.37, compared to -¥427,547,275.20 in the same period last year[23]. - The cash flow from operating activities totaled CNY 1,953,753,460.74, a decrease from CNY 2,137,177,593.42 in the previous period[1]. - The cash outflow from operating activities was CNY 2,224,927,677.11, down from CNY 2,564,724,868.62 in the previous period[1]. - The company reported a net cash flow from financing activities increased by 68.42% compared to the same period last year, primarily due to reduced payments to minority shareholders and lower rental payments[43]. - Cash flow from investing activities showed a net inflow of 119,160,721.49, contrasting with a net outflow of -561,856,691.42 in the previous year[55]. - The company generated 694,135,749.79 in cash inflows from investing activities, up from 406,462,910.80 in the prior year[55]. - The company's cash and cash equivalents at the end of the period were CNY 3,715,258,737.66, down from CNY 3,937,813,361.67 at the beginning of the year[46]. - Cash and cash equivalents at the end of the period totaled 3,644,677,429.82, compared to 2,695,427,695.06 at the end of the previous year[55]. Assets and Liabilities - The company's total assets decreased by 4.32% to ¥18,521,870,251.22 from ¥19,357,894,340.10 at the end of the previous year[17]. - Total liabilities decreased to CNY 5,841,788,442.42 from CNY 6,831,844,035.03 in the previous period[31]. - Non-current liabilities increased to CNY 569,013,680.84 from CNY 454,902,001.70 in the previous period[31]. - The company's total equity reached CNY 12,680,081,808.80, up from CNY 12,526,050,305.07 in the previous period[31]. - Inventory decreased to CNY 2,245,801,262.75 from CNY 2,461,171,886.73 in the previous period[29]. - The company reported a decrease in accounts payable to CNY 2,580,214,653.24 from CNY 3,293,744,279.21 in the previous period[29]. Expenses and Income - Total operating costs for Q1 2023 were CNY 1,615,539,128.24, up 12.1% from CNY 1,441,004,137.64 in the same period last year[31]. - Research and development expenses for Q1 2023 amounted to CNY 210,004,651.67, a decrease of 3.5% compared to CNY 217,545,094.27 in Q1 2022[31]. - The income tax expense increased by 96.28% year-on-year, mainly due to a decrease in temporary taxable differences and an increase in deductible temporary differences[42]. - The company's other income increased by 76.80% year-on-year, mainly due to an increase in government subsidies received[41]. - The company incurred interest expenses of 4,728,353.86, down from 6,729,625.88 in the previous year, reflecting a decrease of approximately 30%[51]. - Other comprehensive income after tax amounted to 8,070,149.76, compared to 14,224,766.36 in the previous year, indicating a decline of about 43%[51]. Investment Performance - The company reported a 121.21% increase in net cash flow from investment activities, primarily due to a reduction in financial product purchases[12]. - The number of trading financial assets decreased by 49.39%, attributed to the redemption of financial products during the period[20]. - The fair value changes in financial assets showed a growth of 162.28%, mainly due to fluctuations in the stock price of Hongquan Wulian[11]. - The company reported investment losses of -4,077,334.21, an increase from -919,078.67 in the previous year, highlighting challenges in investment performance[51].