Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 10,740,687.38, representing a growth of 4.88% year-on-year[10]. - Operating revenue for the first quarter of 2023 was CNY 130,890,335.62, up by 3.93% from the same period last year[10]. - The company's net profit attributable to shareholders for Q1 2023 was CNY 17,657,261.10, compared to a net loss of CNY 13,807,410.93 in Q1 2022, marking a significant turnaround[47]. - Operating revenue for Q1 2023 reached CNY 158,202,589.75, an increase of 31.8% from CNY 120,030,445.73 in Q1 2022[45]. - The total comprehensive income for Q1 2023 was CNY 17,657,261.10, compared to a total comprehensive loss of CNY 13,807,410.93 in Q1 2022[47]. - The company achieved a profit before tax of CNY 20,842,123.67 in Q1 2023, a substantial recovery from a loss before tax of CNY 16,047,526.88 in Q1 2022[46]. Assets and Liabilities - Total assets as of March 31, 2023, reached CNY 1,007,433,311.30, an increase of 1.00% compared to the end of 2022[10]. - The total liabilities to assets ratio (consolidated) was 25.55%, slightly down from 25.89% at the end of 2022[10]. - The company's total assets amounted to CNY 1,007,433,311.30, an increase from CNY 997,468,500.09 at the end of 2022, reflecting a growth of approximately 0.97%[33]. - The company's long-term borrowings increased to CNY 51,000,000.00 from CNY 36,000,000.00, indicating a rise of approximately 41.67%[34]. - The company's total current liabilities decreased to CNY 187,569,743.09 from CNY 202,081,471.14, a reduction of about 7.19%[34]. Cash Flow - The net cash flow from operating activities improved to -CNY 42,512,154.99, a 28.94% reduction in losses compared to Q1 2022[10]. - The net cash flow from operating activities for Q1 2023 was negative CNY 42,512,154.99, an improvement from negative CNY 59,823,927.27 in Q1 2022[49]. - Cash inflow from financing activities in Q1 2023 was CNY 20.10 million, an increase from CNY 6.00 million in Q1 2022, reflecting a growth of 235%[52]. - Cash outflow for investing activities in Q1 2023 totaled CNY 3.34 million, down from CNY 66.04 million in Q1 2022, showing a reduction of 94.9%[52]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 200.02 million, compared to CNY 76.82 million in Q1 2022, marking an increase of 160.5%[52]. Shareholder Information - The total number of ordinary shares at the end of the reporting period was 124,500,000, with 62.39% being restricted shares[15]. - The top ten shareholders collectively held 64.08% of the shares, with the largest shareholder holding 22.53%[17]. Research and Development - Research and development expenses for Q1 2023 were ¥6,828,241.21, an increase from ¥4,378,889.93 in Q1 2022, reflecting a growth of approximately 55.9%[42]. - Research and development expenses increased to CNY 6,200,992.15 in Q1 2023, up from CNY 4,066,329.45 in Q1 2022, reflecting a focus on innovation[46]. Operational Stability - The company has no ongoing litigation or arbitration matters, ensuring a stable operational environment[24]. - The company has fulfilled all disclosed commitments without any overdue obligations during the reporting period[27].

Group 1: Company Overview - The company has been a pioneer in the domestic sports nutrition industry since its establishment in 2001, focusing on innovation in sports nutrition products and digital sports technology services [3] - The company has participated in over 20 national-level projects and holds more than 100 authorized invention patents, showcasing its strong R&D capabilities [3][4] - The company has received multiple recognitions, including being named a key high-tech enterprise under the National Torch Program and a "Little Giant" enterprise in Beijing [4] Group 2: Marketing and Sales Strategy - The company employs a multi-channel marketing strategy, combining direct sales and distribution, with a focus on both competitive sports and the rapidly growing fitness market [5] - Significant investments will be made in brand promotion, technical solutions, and live-streaming sales, while maintaining a commitment to product quality [5] - The company plans to complete the second phase of its sports nutrition food manufacturing project in Gu'an within three years, enhancing production capacity [5] Group 3: Market Outlook - The Chinese sports nutrition market is projected to reach 6 billion yuan in 2023, with an expected growth rate of 21% over the next three years, significantly higher than the global average of 5% [6][7] - The industry is characterized by complete market competition, with local brands like Kangbiter gaining market share against previously dominant foreign brands [7] Group 4: Competitive Challenges - The company acknowledges that while low-price strategies can capture market share, they often compromise product quality and profit margins [8] - The focus will be on optimizing the supply chain and enhancing product competitiveness through strict quality control and increased R&D investment [8] Group 5: Digital Sports Technology Development - The company integrates sports nutrition with digital technologies such as big data and AI to provide comprehensive solutions for scientific training and nutrition [9][10] - It has developed three main product lines: scientific training management, smart nutrition management, and intelligent fitness management platforms [9] - The company aims to cultivate professionals in the sports nutrition field through educational initiatives, positioning digital sports technology as a strategic growth area [10]

Financial Performance - The company achieved operating revenue of ¥636,994,552.03, a year-on-year increase of 30.11%[6] - Net profit attributable to shareholders reached ¥57,984,244.57, up 27.72% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,587,557.30, reflecting a 15.60% increase year-on-year[6] - Basic earnings per share increased to ¥0.56, representing a growth of 25.02% from the previous year[6] Assets and Equity - Total assets at the end of the reporting period were ¥999,169,087.01, a 22.70% increase from the beginning of the period[6] - Shareholders' equity attributable to the company increased to ¥739,868,927.08, up 33.58% from the beginning of the period[6] - The company's share capital rose to ¥124,500,000.00, marking a 19.70% increase[6] - The net asset value per share attributable to shareholders was ¥5.94, an increase of 11.59% year-on-year[6] Revenue Growth Drivers - The growth in revenue was driven by a focus on product strategy and a multi-channel sales approach, particularly in military supply business[7] - The increase in total assets and equity was influenced by profit growth and the completion of a public offering of shares to unspecified qualified investors[8]