三只松鼠(300783) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,900,471,120.86, a decrease of 38.48% compared to ¥3,089,027,261.60 in the same period last year[4] - Net profit attributable to shareholders increased by 18.73% to ¥191,701,980.19 from ¥161,465,735.06 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥136,514,439.33, up 15.13% from ¥118,574,085.74 in the previous year[4] - The total revenue for Q1 2023 was CNY 1,900,471,120.86, a decrease of approximately 38.5% compared to CNY 3,089,027,261.60 in the same period last year[17] - The net profit for Q1 2023 was CNY 191,701,980.19, an increase of 18.7% compared to CNY 161,465,735.06 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 191,701,980.19, up from CNY 161,465,735.06 in Q1 2022, reflecting a growth of 18.7%[20] Asset Management - The company's total assets decreased by 15.56% to ¥3,829,823,427.40 from ¥4,535,803,760.00 at the end of the previous year[4] - The total assets decreased to CNY 3,829,823,427.40 from CNY 4,535,803,760.00, reflecting a contraction in the asset base[16] Cash Flow and Liquidity - Cash flow from operating activities was ¥305,405,942.92, a slight increase of 0.77% compared to ¥303,070,213.98 in the same period last year[4] - Cash and cash equivalents increased to CNY 390,735,398.45 from CNY 171,236,264.35 at the beginning of the year, indicating improved liquidity[14] - Total cash and cash equivalents at the end of Q1 2023 amounted to CNY 380,412,838.71, an increase from CNY 276,800,838.95 at the end of Q1 2022[22] - The company reported a significant decrease in cash outflows related to operating activities, totaling CNY 2,009,793,451.20, down from CNY 2,933,427,297.62 in the previous year, indicating a reduction of approximately 31.4%[21] Cost Management - The total operating costs for Q1 2023 were CNY 1,731,693,702.02, down from CNY 2,943,901,022.15, reflecting a significant reduction in costs[17] - The gross profit margin improved due to high-quality product adjustments and reduced expenses, contributing to profit recovery[15] Inventory and Liabilities - The company reported a significant reduction in inventory, down 63.20% compared to the end of the previous year, primarily due to the end of seasonal sales[7] - The company experienced a 62.75% decrease in contract liabilities, attributed to the realization of pre-received business income[7] - Inventory decreased significantly to CNY 394,123,429.35 from CNY 1,071,018,340.94, showing effective inventory management[14] Earnings and Returns - The weighted average return on equity improved to 7.86%, up from 6.90% in the previous year[4] - The company’s basic and diluted earnings per share increased by 20.00% to ¥0.48 from ¥0.40 year-on-year[4] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.48, up from CNY 0.40 in the same period last year, representing a 20% increase[20] - Operating profit for Q1 2023 reached CNY 229,445,568.91, compared to CNY 200,454,307.58 in Q1 2022, reflecting a growth of 14.5%[19] Government Support - Government subsidies recognized during the period amounted to ¥70,171,355.21, contributing to the increase in non-recurring gains[5] Strategic Initiatives - The company is focusing on a "high-end cost-performance" strategy, enhancing supply chain upgrades and operational improvements[15] - The online business is advancing a new e-commerce strategy aimed at integrating user, platform, and supply chain operations[15] - The distribution business is implementing a new terminal cost-performance strategy to create a new business model in the snack industry[15] - The company plans to explore and establish a series of self-owned brand snack specialty stores across the country[15]