QUANJUDE(002186)2023-04-14 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 319,634,209.69, representing a 49.39% increase compared to CNY 213,953,176.66 in the same period last year[5]. - The net profit attributable to shareholders was CNY 9,174,028.50, a significant turnaround from a loss of CNY 47,285,463.03 in Q1 2022, marking a 119.40% improvement[5]. - The total profit for Q1 2023 was CNY 8,531,901.46, a 116.96% increase from a loss of CNY 50,295,121.63 in Q1 2022, driven by increased operating revenue[10]. - The company reported a net loss of CNY 239,358,832.95 for Q1 2023, an improvement from a net loss of CNY 248,532,861.45 in Q1 2022[19]. - The net profit for Q1 2023 was CNY 8,178,182.30, a significant recovery from a net loss of CNY 50,430,610.72 in the same period last year[22]. - The company reported a basic earnings per share of CNY 0.0299, recovering from a loss per share of CNY 0.1540 in the same quarter last year[23]. - The total comprehensive income for the quarter was CNY 8,178,182.30, recovering from a loss of CNY 50,430,610.72 in the same period last year[23]. Cash Flow and Assets - The cash flow from operating activities showed a net inflow of CNY 19,756,852.49, compared to an outflow of CNY 50,319,656.38 in the previous year, reflecting a 139.26% increase[5]. - Cash and cash equivalents increased by 131.45% to 17,848,607.14 RMB from a negative amount of 56,756,945.94 RMB in Q1 2022[12]. - Cash and cash equivalents at the end of Q1 2023 were CNY 168,010,167.55, compared to CNY 150,161,560.41 at the beginning of the year, reflecting a growth of 11.9%[16]. - The net cash flow from operating activities was CNY 19,756,852.49, a turnaround from a negative cash flow of CNY 50,319,656.38 in the prior year[24]. - Cash and cash equivalents at the end of the period increased to CNY 155,554,649.04 from CNY 123,635,443.82, reflecting a net increase of CNY 17,848,607.14[25]. Operational Efficiency - The company reported a significant increase in operating profit to CNY 8,934,220.08, compared to a loss of CNY 50,757,730.27 in the previous year, reflecting improved operational efficiency[10]. - Operating profit for the quarter was CNY 8,934,220.08, compared to an operating loss of CNY 50,757,730.27 in Q1 2022[22]. - The company incurred a total operating expense of CNY 331,490,140.85, compared to CNY 275,963,719.39 in the previous year, representing an increase of approximately 20.1%[24]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 1,563,216,371.35, a slight increase of 0.38% from CNY 1,506,686,761.81 at the end of the previous year[5]. - Total assets as of March 31, 2023, amounted to CNY 1,563,216,371.35, a slight increase from CNY 1,557,298,206.96 at the beginning of the year[19]. - Total liabilities decreased to CNY 783,326,158.02 from CNY 785,586,175.93, indicating a reduction of 0.3%[19]. - Long-term investments increased to CNY 369,119,903.41 from CNY 361,452,320.53, showing a growth of 2.0%[18]. Revenue and Costs - Total operating costs for Q1 2023 were CNY 320,773,073.13, up 16.3% from CNY 276,007,808.16 in Q1 2022[21]. - Gross profit margin decreased to approximately 0.4% in Q1 2023 from 13.5% in Q1 2022[21]. - Total revenue from sales and services received cash of CNY 344,529,932.05, up from CNY 219,800,950.04 in the previous year, indicating a growth of approximately 56.6%[24]. Strategic Initiatives - The company opened new stores, including Sichuan Restaurant and Pingmen Store, which are operating efficiently and showing positive momentum[15]. - The company completed the renovation of two food production bases, enhancing production capacity[15]. - The company launched multiple home banquet gift boxes and pre-made menu products during the Spring Festival, which received positive feedback[15]. - The company has established a brand system to meet diverse consumer needs, focusing on younger generations' digital lifestyles[15]. - The company plans to focus on market expansion and new product development in the upcoming quarters[21]. - The company increased loans, receiving 30 million RMB in new borrowings during the quarter[12]. Accounts Receivable and Expenses - Accounts receivable increased by 30.71% to CNY 59,046,751.94, primarily due to higher revenue[9]. - Accounts receivable increased to CNY 59,046,751.94 from CNY 45,172,625.33, representing a rise of 30.7%[16]. - Research and development expenses decreased by 39.25% to CNY 578,299.40, indicating a reduction in spending in this area[10]. - The company experienced a 306.26% increase in credit impairment losses, amounting to CNY -398,759.51, primarily due to an increase in accounts receivable[10]. - The company reduced cash payments for purchasing fixed assets and renovations by 62.65% to 2,809,355.01 RMB[12].