KCGJ(SH:600097)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 318,473,285.42, representing an increase of 18.25% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 95.93% to CNY 377,215.03, primarily due to a decline in the catch volume in the fishing segment[6]. - The net profit for Q1 2023 was CNY 3,396,109.53, a decrease of 67.4% compared to CNY 10,410,254.72 in Q1 2022[17]. - The total profit for Q1 2023 was CNY 4,518,081.44, down from CNY 11,388,954.87 in the same period last year, representing a decline of 60.3%[17]. - Operating profit for Q1 2023 was CNY 4,529,656.70, compared to CNY 11,458,554.87 in Q1 2022, reflecting a decrease of 60.5%[17]. - Total revenue for Q1 2023 reached ¥318,473,285.42, an increase of 18.2% compared to ¥269,331,070.15 in Q1 2022[16]. - Total operating costs for Q1 2023 were ¥350,124,815.26, up 23.4% from ¥283,887,203.71 in Q1 2022[16]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -200,701,095.56, a decrease of 1,468.77% year-on-year, attributed to increased cash payments for goods and services[6]. - Cash flow from operating activities for Q1 2023 was negative at CNY -200,701,095.56, compared to a positive CNY 14,662,840.73 in Q1 2022[19]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 389,169,090.15, down from CNY 731,882,250.95 at the end of Q1 2022[19]. - Cash and cash equivalents decreased to ¥389,169,090.15 from ¥632,853,979.16, a decline of 38.5% year-over-year[12]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 261,130,529.91 in Q1 2023, down from CNY 333,600,106.14 in Q1 2022[19]. - The total cash outflow from investing activities in Q1 2023 was CNY 15,334,833.01, an improvement from CNY -39,002,126.36 in Q1 2022[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,789[9]. - The largest shareholder, Shanghai Ocean Fishing Co., Ltd., holds 42.26% of the shares[10]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 3,195,462,657.33, down 6.96% from the end of the previous year[5]. - Total assets decreased to ¥3,195,462,657.33 from ¥3,434,449,648.88, a reduction of 6.9%[14]. - Total liabilities decreased to ¥1,070,993,673.12 from ¥1,307,359,088.16, a decline of 18.1%[14]. - Shareholders' equity slightly decreased to ¥2,124,468,984.21 from ¥2,127,090,560.72, a drop of 0.1%[14]. Earnings and Returns - The weighted average return on equity was 0.02%, a decrease of 0.45% compared to the previous year[4]. - Basic and diluted earnings per share were both CNY 0.00, reflecting a 100% decrease year-on-year due to the significant drop in net profit[4]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.00, compared to CNY 0.04 in Q1 2022[18]. Other Financial Metrics - The company reported non-recurring gains of CNY 37,170,397.63, including CNY 32,388,793.49 from the disposal of non-current assets[6]. - The company reported a net asset impairment loss of ¥1,000,786.35 in Q1 2023, compared to a loss of ¥215,773.56 in Q1 2022[16]. - The company incurred a loss of CNY 6,017,686.04 in other comprehensive income for Q1 2023, compared to a loss of CNY 8,844,307.13 in Q1 2022[17]. - Total comprehensive income for Q1 2023 was CNY -2,621,576.51, contrasting with CNY 1,565,947.59 in Q1 2022[18]. Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[11].