Onechance(300792)2023-04-26 16:00Revenue and Profitability - Revenue for Q1 2023 was CNY 278,674,804.71, an increase of 4.60% compared to CNY 266,416,289.63 in the same period last year[6] - Net profit attributable to shareholders decreased by 17.86% to CNY 42,613,336.98 from CNY 51,881,019.01 year-on-year[6] - Basic and diluted earnings per share decreased by 18.18% to CNY 0.18 from CNY 0.22 in the same period last year[6] - Net profit for Q1 2023 was CNY 42,667,678.72, a decrease of 23.2% from CNY 55,561,922.00 in Q1 2022[26] Cash Flow and Financial Position - Cash flow from operating activities improved significantly, reaching CNY 30,067,482.58, a 126.48% increase from a negative cash flow of CNY -113,566,287.59 in the previous year[6] - Operating cash flow net amount was 30.06 million RMB, mainly due to improved management of accounts receivable and other receivables[14] - The company reported a cash inflow of 980,840,507.50 from $1,319,332,388.88, reflecting a decline of approximately 26%[29] Assets and Liabilities - Total assets decreased by 9.64% to CNY 3,076,169,412.73 from CNY 3,404,510,608.79 at the end of the previous year[6] - Total current assets decreased to ¥1,924,884,529.38 from ¥2,088,217,853.07, reflecting a decline of about 7.8%[22] - Total liabilities for Q1 2023 were CNY 301,824,335.58, a decrease from CNY 514,060,042.11 in the previous year[24] - The company reported a decrease in accounts receivable from ¥326,279,131.56 to ¥262,329,178.51, a reduction of about 19.6%[22] Investment and Expenses - Long-term equity investments increased by 178.39% to CNY 437,561,440.96 from CNY 157,177,957.88 due to a change in accounting method[10] - Investment income surged by 412.14% to CNY 13,244,512.82 from CNY 2,586,116.96, mainly from the transfer of equity interests[10] - Sales expenses rose by 31.16% to CNY 38,672,828.65, primarily due to increased online marketing and distribution efforts[10] - Research and development expenses for Q1 2023 were CNY 4,238,182.34, significantly lower than CNY 11,253,604.32 in Q1 2022, reflecting a 62.4% decrease[24] Market Performance and Growth - As of Q1 2023, the company achieved a cumulative GMV of 2.724 billion RMB, with operating revenue of 278 million RMB and a net profit attributable to shareholders of 42.61 million RMB, showing a slight decline in net profit compared to the same period last year[12] - GMV increased by nearly 6% year-on-year, with Tmall remaining a core channel despite a slowdown in growth, while external channels like Kuaishou and Pinduoduo showed good incremental growth[12] - The beauty segment experienced over 10% growth in GMV, while other categories like personal care also maintained steady growth; however, the toy category faced a decline due to policy impacts[13] Shareholder Actions and Stock Management - The company completed a share buyback of 1,469,400 shares, accounting for 0.6159% of the total share capital, with a total transaction amount of ¥50,008,371.46[20] - The company plans to use the repurchased shares for employee stock ownership plans and equity incentives[20] - The total number of restricted shares at the end of the period was 29,835,407 shares, down from 30,715,337 shares at the beginning of the period[18] - The company has implemented a stock incentive plan, with various executives having shares released from restrictions[18]