证券代码：600824 证券简称：益民集团 公告编号：临 2024-08 上海益民商业集团股份有限公司 关于召开 2023 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2024 年 05 月 08 日(星期三) 至 05 月 14 日(星期二)16:00 前登录上证路 演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bshluo@yimingroup.com 进行提问。 公司将在说明会上对投资者普遍关注的问题进行回答。 上海益民商业集团股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发布公司 2023 年度报告，为便于广大投资者更全面深入 地了解公司 2023 年度经营成果、财务状况，公司计划于 2024 年 05 月 15 日 下午 15:00-16:00 举行 2023 年度业绩说明会，就投资者关 心的问题进行交流。 本次投资者说明会以网络互动形式召开，公司将针对 2023 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息 ...

Financial Performance - In 2023, the company's operating revenue reached ¥1,025,655,805.18, representing a year-on-year increase of 28.30% compared to ¥799,416,030.77 in 2022[22] - The net profit attributable to shareholders for 2023 was ¥56,882,472.98, a significant recovery from a loss of ¥299,646,314.01 in 2022[22] - The net profit after deducting non-recurring gains and losses was ¥37,164,907.25, compared to a loss of ¥97,019,213.59 in the previous year[22] - Cash flow from operating activities increased by 197.53% to ¥187,756,741.93 from ¥63,106,173.67 in 2022[22] - The company's gross profit margin improved to 43.06% in 2023, up from 41.65% in 2022[46] - The company reported a total inventory balance of ¥382,510,240.32, with lingerie and jewelry accounting for 94.76% of the inventory value[61] - The company’s overall performance improvement is attributed to market recovery during the reporting period[53] Revenue Breakdown - The increase in revenue and net profit is attributed to growth in retail, leasing, and tourism catering services[24] - The retail and wholesale sector generated ¥630,847,210.18 in revenue, with a gross margin of 28.47%, down 5.4 percentage points from the previous year[53] - The e-commerce segment reported revenue of ¥92,062,625.81, with a gross margin of 44.08%, showing a significant increase of 23.65 percentage points in gross margin compared to last year[53] - The lingerie product line achieved revenue of ¥346,088,975.29, with a gross margin of 54.14%, which decreased by 5.50 percentage points year-over-year[53] - The jewelry segment generated revenue of ¥228,026,394.88, with a gross margin of 1.80%, reflecting a slight increase of 0.71 percentage points from the previous year[53] - The tourism and catering services sector achieved a gross margin of 78.48%, with revenue of ¥12,794,319.24, reflecting a year-over-year increase of 19.40 percentage points[53] - The property leasing and management segment reported revenue of ¥279,300,620.24, with a gross margin of 71.44%, which increased by 6.33 percentage points from the previous year[53] Operational Highlights - The company operates 887 retail stores, including 415 self-operated and 472 franchised locations across major cities in China[43] - The company launched the "Bai Yu Lan" themed product series to enhance brand value and product offerings[35] - The company actively expanded its online presence through platforms like "Xiao Hong Shu" and participated in various shopping festivals[36] - The company established Shanghai Huaihai Commercial Management Co., Ltd. to unify operations along Huaihai Road[37] - The company plans to continue expanding its online sales channels, including flagship stores on major e-commerce platforms like Tmall and JD.com[44] Investment and R&D - R&D expenses increased by 99.47% to CNY 7,756,020.51, reflecting the company's commitment to innovation and product development[49] - The company has established strategic partnerships with several well-known institutions to drive innovation and development[45] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.17 per 10 shares, totaling ¥17,918,460.24, subject to shareholder approval[5] - The proposed cash dividend for 2023 is ¥0.17 per 10 shares, totaling ¥17,918,460.24, which represents 31.50% of the net profit attributable to shareholders[129] - The company did not distribute profits for 2022, including cash dividends and stock dividends, as approved in the 2022 annual shareholders' meeting[128] Corporate Governance - The company held 4 supervisory board meetings in 2023, complying with relevant regulations[105] - The supervisory board consists of 5 members, including 2 employee supervisors, meeting legal requirements[105] - The company has established a transparent performance evaluation and incentive mechanism for directors and senior management[106] - The company has committed to resolving potential industry competition issues with its controlling shareholder, Huaihai Group, within six years[107] Legal Matters - The company is involved in a significant lawsuit with a claim amounting to RMB 16.3362 million, which includes a daily penalty for overdue payment[160] - The court has ruled that the company must pay the principal amount of RMB 16.3362 million along with penalties calculated from August 1, 2015, until actual payment is made[160] - The company has not faced any delisting risk or bankruptcy restructuring issues during the reporting period[158] Market Conditions - The total retail sales of consumer goods in 2023 reached 471,495 billion RMB, an increase of 7.2% compared to the previous year[75] - The retail sales in Shanghai reached 18,515.50 billion RMB in 2023, growing by 12.6% year-on-year[75] - The online retail sales in the country reached 154,264 billion RMB, reflecting an 11.0% increase from the previous year[75] Future Outlook - The company plans to achieve sales of 1.0808 billion yuan and a net profit attributable to the parent company of 638 million yuan in 2024[96] - The company aims to enhance brand competitiveness by innovating products and optimizing brand structure, focusing on the ancient and modern product lines[97]

Financial Performance - The company's operating revenue for Q1 2024 was ¥260,903,093.06, representing a decrease of 22.06% compared to the same period last year[3]. - Total revenue for Q1 2024 was ¥260,903,093.06, a decrease of 22.8% compared to ¥337,751,062.73 in Q1 2023[13]. - Operating profit for Q1 2024 was ¥39,029,703.83, a decrease of 7.4% from ¥42,069,091.88 in Q1 2023[13]. - Net profit for Q1 2024 was ¥39,118,933.97, down 13.4% from ¥45,164,818.97 in Q1 2023[13]. - The net profit attributable to shareholders for Q1 2024 was ¥32,448,039.62, down 14.42% year-on-year[3]. - The net profit for Q1 2024 was ¥32,392,216.03, a decrease of 16.5% compared to ¥38,585,845.88 in Q1 2023[14]. - The company's total comprehensive income for Q1 2024 was ¥32,392,216.03, a decrease of 16.5% from ¥38,585,845.88 in Q1 2023[14]. - The basic and diluted earnings per share for Q1 2024 were both ¥0.031, a decrease of 14.42% compared to the previous year[3]. - The basic and diluted earnings per share for Q1 2024 were both ¥0.031, down from ¥0.036 in Q1 2023, reflecting a decline of 13.9%[14]. Cash Flow - The net cash flow from operating activities was ¥41,377,435.62, with no year-on-year comparison available[3]. - Cash inflow from operating activities totaled ¥292,148,651.48 in Q1 2024, down 21.1% from ¥370,335,462.47 in Q1 2023[17]. - The net cash flow from operating activities improved to ¥41,377,435.62 in Q1 2024, compared to a net outflow of -¥48,892,511.80 in Q1 2023[17]. - Cash and cash equivalents increased to ¥1,183,606,328.74 as of March 31, 2024, up from ¥1,155,767,724.85 on December 31, 2023[10]. - Cash and cash equivalents at the end of Q1 2024 increased to ¥1,182,973,236.34, up from ¥518,778,670.08 at the end of Q1 2023[18]. - The total cash outflow from investing activities was ¥7,252,803.17 in Q1 2024, significantly lower than ¥593,964,430.26 in Q1 2023[18]. - The net cash flow from investing activities was -¥6,494,530.89 in Q1 2024, an improvement from -¥518,067,636.36 in Q1 2023[18]. - The company reported a total cash outflow from financing activities of ¥7,044,300.84 in Q1 2024, compared to -¥240,448,874.39 in Q1 2023[18]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,919,685,775.94, an increase of 1.06% from the end of the previous year[3]. - Total assets as of March 31, 2024, were ¥2,919,685,775.94, compared to ¥2,889,022,751.96 on December 31, 2023[11]. - Total liabilities decreased slightly to ¥498,196,232.55 as of March 31, 2024, from ¥499,925,424.60 on December 31, 2023[11]. - Shareholders' equity attributable to shareholders at the end of Q1 2024 was ¥2,426,758,170.43, up 1.36% from the previous year-end[3]. - Shareholders' equity increased to ¥2,421,489,543.39 as of March 31, 2024, compared to ¥2,389,097,327.36 on December 31, 2023[11]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 50,609[6]. - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., held 39.04% of the shares, totaling 411,496,529 shares[6]. Inventory and Receivables - Accounts receivable rose to ¥58,798,666.36 as of March 31, 2024, compared to ¥50,296,898.69 on December 31, 2023, reflecting a 16.9% increase[10]. - Inventory increased to ¥328,960,705.65 as of March 31, 2024, up from ¥308,033,665.82 on December 31, 2023, indicating a 6.7% rise[10].

Financial Performance - The company's operating revenue for Q3 2023 was CNY 227,546,452.12, representing a 25.59% increase compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was CNY 22,747,922.31, with a year-to-date total of CNY 75,789,498.92[5]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was CNY 22,772,239.37, with a year-to-date total of CNY 66,029,727.57[5]. - The company reported a 50.60% increase in operating revenue for the year-to-date period, driven by growth in retail, leasing, and tourism sectors[7]. - Operating revenue for the first three quarters of 2023 was CNY 836,010,900.50, an increase of 50.7% compared to CNY 555,103,414.51 in the same period of 2022[16]. - Operating profit for the first three quarters of 2023 was CNY 90,638,466.34, compared to CNY 5,836,745.21 in the same period of 2022, indicating significant growth[16]. - The net profit margin improved significantly, with total profit for the first three quarters of 2023 reaching CNY 95,937,202.90, compared to CNY 6,185,677.23 in 2022[16]. - The net profit for Q3 2023 was ¥77,321,047.28, compared to a net loss of ¥1,506,311.32 in Q3 2022, indicating a significant recovery[17]. - Total revenue from sales of goods and services for the first nine months of 2023 reached ¥784,889,374.34, up from ¥533,272,987.79 in the previous year, reflecting a growth of approximately 47%[19]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 161,876,593.17, showing a significant increase of 540.90%[5][7]. - The operating cash flow for the first nine months of 2023 was ¥161,876,593.17, a substantial increase from ¥25,257,736.00 in the same period of 2022[19]. - The net cash flow from investing activities for the first nine months of 2023 was -¥380,723,004.38, an improvement from -¥951,256,202.42 in the same period of 2022[20]. - The company made investments totaling ¥450,000,000.00 in the first nine months of 2023, down from ¥1,298,970,000.00 in the same period of 2022[20]. - The net cash flow from financing activities for the first nine months of 2023 was -¥435,299,790.07, compared to -¥82,703,140.84 in the same period of 2022[20]. Assets and Liabilities - The total assets as of September 30, 2023, were CNY 2,860,790,377.65, a decrease of 10.98% compared to the end of the previous year[5]. - Total assets decreased from CNY 3,213,560,106.96 as of December 31, 2022, to CNY 2,860,790,377.65 as of September 30, 2023, representing a decline of approximately 11%[13]. - Current assets decreased from CNY 1,699,073,217.02 to CNY 1,542,366,798.44, a reduction of about 9.2%[13]. - Total liabilities decreased from CNY 841,293,048.93 to CNY 453,651,826.22, a decline of approximately 46%[14]. - Cash and cash equivalents decreased from CNY 1,326,825,029.03 to CNY 672,674,583.75, a decline of approximately 49.3%[13]. - Inventory increased from CNY 276,949,530.08 to CNY 308,234,613.55, an increase of about 11.3%[13]. Shareholder Equity and Earnings - The equity attributable to shareholders increased to CNY 2,412,357,406.62, reflecting a growth of 3.24% from the previous year[5]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.022[5]. - The weighted average return on equity for Q3 2023 was 0.95%, an increase of 1.36 percentage points compared to the previous year[5]. - The company's total equity increased from CNY 2,372,267,058.03 to CNY 2,407,138,551.43, reflecting a growth of approximately 1.5%[14]. - The company reported a basic earnings per share of ¥0.072 for Q3 2023, compared to a loss per share of ¥0.002 in Q3 2022[17]. - The total comprehensive income attributable to the parent company's shareholders for Q3 2023 was ¥75,789,498.92, compared to a loss of ¥2,540,582.76 in Q3 2022[17]. Research and Development - Research and development expenses increased from CNY 2,621,805.25 in the first three quarters of 2022 to CNY 5,588,534.51 in 2023, reflecting a growth of approximately 113.5%[16].

证券代码:600824 股票简称:益民集团 编号: 临 2023-020 上海益民商业集团股份有限公司 2023 年第三季度经营数据简报 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导 性陈述或者重大遗漏负连带责任。 2023 年 10 月 28 日 品牌销售 报告期营业收入 （元） 营业收入 报告期 毛利率 比上年增减（%） 毛利率（%） 比上年增减 古今内衣 249,356,141.56 16.31 59.63 减少 2.77 个百分点 天宝龙凤 214,667,739.17 38.78 1.50 增加 0.74 个百分点 三、主要业务分经营品牌 说明：本报告期上海天宝龙凤金银珠宝有限公司直营门店数量未增加， 但面积扩大。 二、报告期拟增加门店情况： 截止本报告期末，公司所属主要子公司无已签约但尚未开业的门 店专柜。 一、2023 年前三季度公司所属主要子公司门店变动情况： 品牌 经营业态 本报告期新开门店 本报告期关闭门店 期末门店 门店 家数 建筑面积 (m2 ) 门店 家数 建筑面积 (m2 ) 门店 家数 建筑面积 (m2 ) 古今 内衣 直营 47 2653.87 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached CNY 608.46 million, representing a 62.72% increase compared to CNY 373.93 million in the same period last year[18]. - Net profit attributable to shareholders was CNY 53.04 million, a significant increase of 536.66% from CNY 8.33 million in the previous year[18]. - Basic earnings per share rose to CNY 0.050, up 536.66% from CNY 0.008 in the same period last year[17]. - The weighted average return on net assets increased to 2.24%, up by 1.93 percentage points compared to 0.31% in the previous year[17]. - The net cash flow from operating activities was CNY 129.34 million, showing a substantial improvement compared to the previous year[18]. - Operating costs increased by 80.87% to RMB 381.64 million from RMB 211.01 million year-on-year[29]. - The gross profit margin for self-operated sales decreased to 22.49% from 33.01% in the previous year, while the e-commerce gross profit margin increased to 51.57% from 37.38%[24]. - The company reported a net profit margin of 8.8% for the first half of 2023, compared to 2.1% in the same period of 2022, reflecting improved profitability[96]. Assets and Liabilities - The total assets decreased by 9.66% to CNY 2,903.25 million from CNY 3,213.56 million at the end of the previous year[18]. - The company's net assets attributable to shareholders increased by 2.27% to CNY 2,389.61 million from CNY 2,336.57 million at the end of the previous year[18]. - The total liabilities decreased from CNY 841,293,048.93 to CNY 477,405,694.65, reflecting a decline of around 43.2%[89]. - Current liabilities decreased from CNY 632,965,138.11 to CNY 273,780,464.45, a reduction of about 56.7%[89]. - The company's accounts payable increased by 91.50%, reflecting a rise in outstanding payments for goods[36]. Investments and R&D - R&D expenses increased by 102.43% to RMB 3.82 million, reflecting the company's commitment to product innovation[29]. - The company has formed strategic partnerships with several well-known institutions to enhance its competitive edge[25]. - The initial investment in the "Shanghai Detong Yimin Consumer Industry Equity Investment Fund Center" was CNY 236 million, with a fair value of CNY 484.21 million as of January 1, 2019, and a cumulative fair value change of CNY 249.22 million by the end of the reporting period[39]. Operational Developments - The company currently operates 985 retail stores, including 446 self-operated and 539 franchised locations across major cities in China[23]. - The company has actively expanded its online sales channels, establishing flagship stores on major e-commerce platforms such as Tmall and JD[23]. - The company has implemented a digital transformation initiative to improve internal controls and operational efficiency[27]. Legal Matters - The company is involved in multiple lawsuits, with a significant case involving a claim for RMB 16.3362 million related to sales of goods[62]. - The court has ruled that the defendant must repay RMB 16.3362 million to the plaintiff, with additional penalties calculated at a daily rate of 0.21% from August 1, 2015, until actual repayment[62]. - Shanghai Yimin Commercial Group Co., Ltd. is pursuing claims against Shanghai Fenghua Yihua Entertainment Co., Ltd. for overdue rent of RMB 3.6345 million and late fees calculated at 0.3% per day[66]. Shareholder Information - The top shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds 411,496,529 shares, representing 39.04% of the total shares[81]. - The second-largest shareholder, Shanghai Essen Chemical Co., Ltd., holds 25,344,547 shares, accounting for 2.40% of the total shares[81]. - The company has not reported any changes in its share capital structure during the reporting period[78]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[106]. - The company plans to establish Shanghai Huaihai Commercial Management Co., Ltd. with a registered capital of RMB 5 million, where Yimin Group will contribute RMB 3.3 million (66%) and Huaihai Group will contribute RMB 1.7 million (34%)[72]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[119]. - The financial statements are prepared on a going concern basis, reflecting the company's commitment to long-term sustainability[120]. - The company maintains a good integrity status, with no significant debts or commitments unfulfilled, and has not faced public reprimands from the Shanghai Stock Exchange[67].

一、审议并通过了"公司 2023 年半年度报告"及摘要； "公司 2023 年半年度报告"及摘要具体内容请详见当日上海证券 交易所网站。 证券代码:600824 股票简称:益民集团 编号:临 2023-017 上海益民商业集团股份有限公司 第九届董事会第十七次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导 性陈述或者重大遗漏负连带责任。 公司第九届董事会第十七次会议于 2023 年 8 月 25 日在公司总部 会议室召开，会议应到董事九人，出席本次会议的董事有张敏、章懿、 梅红健、顾海峰、朱明、汤雯、曲颂、陆军荣、官峰，张敏董事长主 持会议，公司监事及高级管理人员列席了会议。与会董事一致审议通 过以下决议： 董 事 会 2023 年 8 月 29 日 二、审议并通过了"关于利用闲置资金购买理财产品的议案"； 为提高资金使用效率，增加资产收益，在保证公司生产经营正常 资金需求的前提下，公司决定利用企业现金池中公司及下属子公司阶 段性的闲置自有资金, 投资购买银行渠道内的中低风险以下的固定 期限浮动收益型短期理财产品（理财期不超过 1 年），每年累计金额 不超过公司上年 ...

证券代码:600824 股票简称:益民集团 编号: 临 2023-018 上海益民商业集团股份有限公司 2023 年上半年度经营数据简报 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导 性陈述或者重大遗漏负连带责任。 根据《上市公司行业信息披露指引第五号——零售》等文件要求， 上海益民商业集团股份有限公司（以下简称"公司"）现将 2023 年 上半年度主要子公司门店情况披露如下： 说明：本报告期上海天宝龙凤金银珠宝有限公司直营门店数量未增加， 但面积扩大。 二、报告期拟增加门店情况： 截止本报告期末，公司所属主要子公司无已签约但尚未开业的门 店专柜。 品牌 经营业态 本报告期新开门店 本报告期关闭门店 期末门店 门店 家数 建筑面积 (m2 ) 门店 家数 建筑面积 (m2 ) 门店 家数 建筑面积 (m2 ) 古今 内衣 直营 31 1622.10 21 864.60 444 22067.80 加盟 10 689.00 17 765.60 537 27250.45 小计 41 2311.10 38 1630.20 981 49318.25 天宝 龙凤 直营 0 236.00 0 ...

重要内容提示： 投资者可于 2023 年 09 月 06 日(星期三) 至 09 月 12 日(星期二)16:00 前登录上证路演 中心网站首页点击"提问预征集"栏目或通过 bshluo@yimingroup.com 进行提问。公司将在 说明会上对投资者普遍关注的问题进行回答。 上海益民商业集团股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 日发布了公司 2023 年半年度报告，为便于广大投资者更全 面深入地了解公司 2023 年上半年度经营成果、财务状况，公司计划 于 2023 年 09 月 13 日下午 15:00-16:00 举行 2023 年半年度业绩说 明会，就投资者关心的问题进行交流。 证券代码：600824 证券简称：益民集团 公告编号：临 2023-019 上海益民商业集团股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 说明会类型 会议召开时间：2023 年 09 月 13 日(星期三) 下午 15:00-16:00 会议召开地 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 334,729,638.31, representing a year-on-year increase of 49.48%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 37,915,368.03, reflecting a growth of 4.38% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was CNY 0.036, which is an increase of 4.38% year-on-year[5] - Total revenue for Q1 2023 reached ¥337,751,062.73, a 48.2% increase from ¥226,590,218.51 in Q1 2022[19] - The company reported a net profit of ¥45,164,818.97 for Q1 2023, compared to ¥45,002,852.39 in Q1 2022, indicating a slight increase of 0.4%[19] - The net profit for Q1 2023 was CNY 38,585,845.88, an increase of 6.98% compared to CNY 36,059,746.55 in Q1 2022[20] - The net profit attributable to shareholders of the parent company was CNY 37,915,368.03, up from CNY 36,323,994.48, reflecting a growth of 4.39%[20] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.036, up from CNY 0.034 in Q1 2022, reflecting a growth of 5.88%[20] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 3,003,335,482.31, a decrease of 6.54% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to ¥3,003,335,482.31, down from ¥3,213,560,106.96 at the end of 2022, a decline of 6.5%[16] - Current assets decreased to ¥1,547,383,958.64 from ¥1,699,073,217.02, a reduction of 8.9%[16] - Total liabilities decreased to ¥592,482,578.40 from ¥841,293,048.93, a decline of 29.5%[16] - The company's total equity rose to ¥2,410,852,903.91 from ¥2,372,267,058.03, an increase of 1.6%[16] - The total equity attributable to shareholders at the end of Q1 2023 was CNY 2,374,483,275.73, showing a slight increase of 1.62% from the previous year[6] Cash Flow - The net cash flow from operating activities for Q1 2023 was negative at CNY -48,892,511.80, which is not applicable for year-on-year comparison[5] - The total cash inflow from operating activities was CNY 370,335,462.47, significantly higher than CNY 202,653,655.11 in the same period last year, marking an increase of 82.73%[22] - The cash outflow from operating activities totaled CNY 419,227,974.27, compared to CNY 292,409,722.04 in Q1 2022, resulting in a net cash flow from operating activities of -CNY 48,892,511.80[22] - The cash and cash equivalents at the end of Q1 2023 were CNY 518,778,670.08, compared to CNY 225,344,197.65 at the end of Q1 2022, indicating a significant increase[23] - The total cash outflow for financing activities was CNY 240,448,874.39, compared to CNY 410,329,275.04 in Q1 2022, indicating a reduction in cash outflow[23] Inventory and Expenses - Cash and cash equivalents dropped significantly to ¥519,416,006.48 from ¥1,326,825,029.03, a decrease of 60.9%[16] - Inventory increased to ¥310,445,552.18 from ¥276,949,530.08, reflecting a growth of 12.1%[16] - Research and development expenses for Q1 2023 were ¥843,683.97, up from ¥816,544.37 in Q1 2022, an increase of 3.3%[19] Market Strategy - The increase in operating revenue was primarily due to a significant rise in gold sales during the reporting period[8] - The company has not disclosed any new product developments or market expansion strategies in this report[13] - The company plans to continue focusing on market expansion and new product development to drive future growth[20]