Beijing Oriental quarterly report: operating income 37.973 billion yuan, net profit 247 million yuan

Thank you, Mr. Air, a netizen from CTOnews.com. Hello, rabbit clue delivery! CTOnews.com April 28 news, BOE Technology Group Co., Ltd. (BOE AGV 000725; BOE BRV 200725) released a report for the first quarter of 2023, showing that the company achieved operating income of 37.973 billion yuan, an adjusted decrease of 24.77% over the same period last year, and a net profit of 247 million yuan for shareholders of listed companies, which decreased by 94.36% after adjustment.

CTOnews.com learned from the quarterly report that the changes in the items in the BOE income statement and the reasons:

Other income increased by 112% year-on-year, due to an increase in government subsidies

Investment income increased by 129% year-on-year, due to an increase in investment income recognized by associates.

Fair value change income increased by 131% compared with the same period last year, due to an increase in income from equity instruments investment.

The loss of impairment of assets decreased by 53% compared with the same period last year, due to a decrease in the price of inventory based on the lower of cost and net realizable value.

Changes in items in the statement of cash flows:

The net cash flow from operating activities decreased by 31.40% compared with the same period last year, due to the decline in sales scale.

The net cash flow from investment activities increased by 91.51% compared with the same period last year, due to a decrease in cash payments for the purchase and construction of fixed assets, intangible assets and other long-term assets.

The net cash flow from fund-raising activities decreased by 726.34% compared with the same period last year, due to a decrease in the net inflow of unissued corporate bonds and bank loans.