GYLS(SH:600059)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥512,208,575.09, representing a decrease of 9.17% compared to the same period last year[12]. - The net profit attributable to shareholders for Q1 2023 was ¥58,862,647.77, down 14.71% year-over-year[12]. - The net cash flow from operating activities for Q1 2023 was -¥86,108,571.64, a decline of 122.88% compared to the previous year[12]. - The basic earnings per share for Q1 2023 was ¥0.06, reflecting a decrease of 25.00% year-over-year[12]. - The total operating revenue for Q1 2023 was RMB 512,208,575.09, a decrease of 9.2% compared to RMB 563,926,103.11 in Q1 2022[24]. - The total operating costs for Q1 2023 were RMB 432,330,543.38, down 8.3% from RMB 471,443,671.85 in Q1 2022[24]. - Net profit for the current period is CNY 59,455,939.56, a decrease of 13.5% compared to CNY 68,906,998.39 in the previous period[28]. - Total comprehensive income for the current period is CNY 59,413,713.28, down from CNY 68,892,331.14 in the previous period[28]. - The company reported a decrease in operating profit to CNY 79,311,084.67 from CNY 91,876,963.42, reflecting a decline of 13.7%[28]. - Basic and diluted earnings per share are both CNY 0.06, compared to CNY 0.08 in the previous period[28]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥6,484,949,849.45, an increase of 2.82% from the end of the previous year[15]. - The total current assets as of March 31, 2023, were ¥4,309,992,350.16, slightly up from ¥4,239,825,799.66 at the end of 2022[4]. - Non-current assets totaled RMB 2,174,957,499.29 as of the end of the reporting period, an increase from RMB 2,067,477,260.73[20]. - The total liabilities were RMB 896,067,390.28, compared to RMB 777,834,314.50 in the previous year[22]. - The equity attributable to shareholders of the parent company reached RMB 5,552,185,480.56, an increase from RMB 5,493,365,059.07[22]. Cash Flow - The company reported a decrease in cash inflow from operating activities, totaling ¥419,074,016.80 in Q1 2023, down from ¥540,767,407.50 in Q1 2022[5]. - The cash flow from operating activities decreased by 122.88% due to a reduction in cash received from sales[29]. - The cash and cash equivalents at the end of Q1 2023 were ¥1,956,399,269.69, compared to ¥1,279,730,891.90 at the end of the previous year[8]. - The company experienced a significant reduction in prepaid expenses by 89.86% year-to-date[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 68,982[32]. - The largest shareholder, China Shaoxing Huangjiu Group Co., Ltd., holds 334,624,117 shares, representing 36.71% of total shares[32]. - The second-largest shareholder, China International Capital Corporation, holds 15,820,679 shares, accounting for 1.74%[32]. - The third-largest shareholder, Shenzhen Qianhai Furong Asset Management Co., Ltd., has 13,226,377 shares, which is 1.45% of total shares[32]. - The company has no pledged, marked, or frozen shares among the top ten shareholders[32]. Financial Reporting and Governance - The report confirms that the financial information is true, accurate, and complete, with legal responsibility for its content[38]. - The financial statements for the first quarter have not been audited[41]. - The company emphasizes the importance of accurate financial reporting and accountability among its board and management[40]. - The report includes a commitment from the board of directors to ensure the absence of false records or misleading statements[39]. - The company is focused on maintaining transparency and integrity in its financial disclosures[39]. Strategic Initiatives - The company received a prepayment of RMB 350 million for property acquisition as part of a framework agreement with the Donghu Sub-district Office[16]. - The company plans to establish a Shaoxing Wine Development Fund with a total scale of RMB 30 million, contributing RMB 29 million, which is 96.67% of the fund[16]. - The company is focused on enhancing the brand culture of Shaoxing wine to increase its influence both nationally and globally[16]. Research and Development - Research and development expenses increased by 60.99% to CNY 6,661,063.55 from CNY 4,137,493.05[29]. Financial Expenses - Financial expenses decreased by 76.38% primarily due to an increase in interest income[29]. - The company reported a decrease in income tax expenses to CNY 19,698,739.17 from CNY 22,499,418.08, a decline of 12.4%[28].