Topscore Fashion(603608)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 320,788,978, representing a decrease of 3.55% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 13,452,133, with a basic and diluted earnings per share of -CNY 0.03, both down by 50% year-on-year[6]. - Total operating revenue for Q1 2023 was CNY 320,788,978, a decrease of 3.4% compared to CNY 332,595,072 in Q1 2022[18]. - Net loss for Q1 2023 was CNY 13,085,643, an improvement from a net loss of CNY 26,675,015 in Q1 2022[19]. - The company's gross profit margin for Q1 2023 was approximately 58.8%, compared to 57.1% in Q1 2022[18]. - The total equity attributable to shareholders was CNY 1,326,771,402, a slight decrease from CNY 1,339,578,011 in Q1 2022[18]. - The company reported a basic and diluted earnings per share of CNY -0.03 for Q1 2023, compared to CNY -0.06 in Q1 2022[19]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 147.28%, amounting to CNY 16,829,115, primarily due to reduced procurement expenditures[9]. - The net cash flow from operating activities was 16,829,115, a significant improvement compared to -35,594,113 in the previous year[22]. - Cash received from sales of goods and services in Q1 2023 was CNY 300,136,656, down from CNY 336,725,414 in Q1 2022[21]. - The total cash inflow from operating activities was 306,421,017, down from 341,301,053 in the previous year[22]. - The company's cash and cash equivalents were reported at RMB 376,195,534, down from RMB 651,355,545 at the end of 2022, indicating a decrease of approximately 42%[14]. - The ending balance of cash and cash equivalents was 262,114,463, down from 512,654,629 year-over-year[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,138,485,810, a slight decrease of 0.25% from the end of the previous year[7]. - The total liabilities as of Q1 2023 amounted to CNY 801,257,549, an increase from CNY 794,142,744 in the previous year[18]. - The total current liabilities were RMB 99,739,980, compared to RMB 92,377,108 in the previous period, representing an increase of about 8%[15]. - The company reported a total non-current asset value of RMB 953,553,333, slightly down from RMB 954,716,483[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,134[11]. - The company has a share repurchase account holding 10,028,340 shares, which accounts for 2.39% of the total share capital[12]. - The top ten shareholders hold a significant portion of the company's shares, with the largest shareholder, Qingdao Hetian Trading Partnership, holding 77,436,800 shares[12]. Operational Strategy - The company plans to continue focusing on cost control and improving operational efficiency in the upcoming quarters[9]. - The company is actively monitoring its financial health and operational strategies to navigate market conditions effectively[13]. Non-Recurring Items - Non-recurring gains and losses included government subsidies of CNY 2,273,827 and a loss from the disposal of non-current assets of CNY 232,567[8]. - The company reported a 49.73% increase in net profit attributable to shareholders after excluding non-recurring items, attributed to strict control over overall expenses[9]. Research and Development - Research and development expenses for Q1 2023 were CNY 10,419,448, down from CNY 13,270,777 in Q1 2022, indicating a 21.5% reduction[18].