Financial Performance - Net profit attributable to shareholders decreased by 67.75% to CNY 6,149,022.37 from CNY 19,065,419.42 in the same period last year[11] - Operating revenue declined by 19.53% to CNY 136,211,806.67, down from CNY 169,276,821.80 year-on-year[11] - Basic earnings per share fell by 71.43% to CNY 0.08 from CNY 0.28 in the same period last year[12] - Operating profit for Q1 2023 was ¥6,920,976.06, a decline of 71.1% from ¥23,913,731.02 in Q1 2022[40] - Net profit for Q1 2023 was ¥6,149,022.37, a decrease of 67.7% compared to ¥19,065,419.42 in Q1 2022[41] - The company reported a total comprehensive income of ¥4,453,890.45 for Q1 2023, compared to ¥14,872,022.63 in Q1 2022, indicating a decrease of approximately 70%[45] Asset and Liability Management - Total assets increased by 25.58% to CNY 602,887,979.51 compared to CNY 480,083,218.48 at the end of the previous year[11] - The company's debt-to-asset ratio decreased to 26.04% from 39.69% year-on-year, indicating improved financial stability[11] - Total liabilities decreased to ¥156,981,957.93 from ¥190,546,696.95, a reduction of approximately 17.6%[33] - Total liabilities decreased to ¥98,506,021.69 in 2023 from ¥142,151,711.81 in 2022, a reduction of 30.7%[37] - The total value of assets under mortgage or pledge is 51,843,205.18 yuan, representing 8.60% of total assets[27] Cash Flow and Investments - Cash flow from operating activities turned positive at CNY 5,370,242.83, compared to a negative CNY 13,657,257.78 in the previous year[11] - The net cash flow from operating activities for Q1 2023 was ¥5,370,242.83, a significant improvement compared to a net loss of ¥13,657,257.78 in Q1 2022[48] - The net cash flow from investment activities increased by 95.08%, attributed to the technological upgrades in potassium sorbate production[14] - The company’s cash flow from investment activities was negative at -¥5,910,009.93 in Q1 2023, worsening from -¥3,029,578.24 in Q1 2022[52] Shareholder Information - The total number of ordinary shares increased to 88,188,500, with a significant rise in unrestricted shares from 15.44% to 35.27%[18] - The total number of shares held by major shareholders increased from 65,753,500 to 68,434,307, representing a growth of 4.06%[21] - The largest shareholder, Pan Rulong, holds 19,180,000 shares, accounting for 21.75% of total shares[20] - The company issued 2,708,500 shares to Zhongtai Securities, which now holds 3.07% of total shares[20] - The company has implemented an employee stock ownership plan, issuing 2,708,500 shares at a price of 2 yuan per share[26] Research and Development - Research and development expenses increased by 60.64% to CNY 4,419,000.00, primarily due to the commissioning of new equipment for potassium sorbate[13] - Research and development expenses for Q1 2023 were ¥4,421,166.70, an increase of 60.5% compared to ¥2,752,195.70 in Q1 2022[40] Current Assets and Equity - Total current assets increased to ¥381,481,349.65 as of March 31, 2023, up from ¥260,347,445.66 on December 31, 2022, representing a growth of approximately 46.4%[31] - Shareholders' equity increased to ¥445,906,021.58 as of March 31, 2023, compared to ¥289,536,521.53 at the end of 2022, reflecting a growth of about 54.1%[33] - The company’s capital reserve surged to ¥182,857,542.82 from ¥52,637,065.14, reflecting a significant increase of approximately 246.5%[33] Operational Efficiency - Total operating costs for Q1 2023 were ¥129,404,119.62, down 10.3% from ¥144,326,843.55 in Q1 2022[40] - Cash inflow from sales of goods and services was ¥131,478,035.47 in Q1 2023, down from ¥150,972,470.98 in Q1 2022, reflecting a decline of about 12.9%[47] - The cash outflow from operating activities also decreased to ¥156,160,198.59 in Q1 2023 from ¥213,943,699.83 in Q1 2022, a reduction of about 26.9%[48] Legal and Compliance - The company reported no litigation or arbitration matters during the reporting period[24] - The company has not engaged in any external loan activities during the reporting period[24] - The company has fulfilled its disclosed commitments in a timely manner[25] - The company has not experienced any significant asset seizures or freezes during the reporting period[24]
润普食品(836422) - 2023 Q1 - 季度财报