Langsha(SH:600137)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥62,789,416.60, representing a decrease of 3.27% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥2,880,756.54, down 34.66% year-on-year[4]. - Basic and diluted earnings per share were both ¥0.030, reflecting a decrease of 33.33%[4]. - Total revenue for Q1 2023 was ¥62,789,416.60, a decrease of 3.28% compared to ¥64,911,280.17 in Q1 2022[19]. - Operating profit for Q1 2023 was ¥2,909,807.40, down 40.73% from ¥4,912,974.00 in Q1 2022[19]. - In Q1 2023, the total profit amounted to CNY 2,909,634.60, a decrease of 39.5% compared to CNY 4,812,846.77 in Q1 2022[20]. - The net profit for Q1 2023 was CNY 2,880,756.54, down 34.5% from CNY 4,408,958.99 in Q1 2022[20]. Cash Flow and Assets - The net cash flow from operating activities was -¥21,719,289.38, a decline of 145.56% compared to the previous year[4]. - Cash flow from operating activities in Q1 2023 was negative CNY 21,719,289.38, worsening from negative CNY 8,844,976.12 in Q1 2022[23]. - Cash inflow from sales of goods and services was CNY 63,094,706.11, down 20.9% from CNY 79,688,695.09 in Q1 2022[23]. - Total cash outflow from operating activities was CNY 85,556,880.07, slightly decreased from CNY 89,041,200.86 in Q1 2022[23]. - Investment activities resulted in a net cash outflow of CNY 160,869,703.77 in Q1 2023, compared to CNY 111,068,009.05 in Q1 2022[24]. - The cash and cash equivalents at the end of Q1 2023 were CNY 157,378,762.11, down from CNY 228,196,251.65 at the end of Q1 2022[24]. - Total current assets amounted to ¥498,894,186.43 as of March 31, 2023, down from ¥520,867,850.72 as of December 31, 2022, a decrease of 4.22%[16]. - Total liabilities as of March 31, 2023, were ¥113,390,348.88, a decrease from ¥138,690,419.49 as of December 31, 2022[17]. Expenses and Costs - The company reported a significant increase in sales expenses by 131.15% due to higher advertising and promotional costs[6]. - The company experienced a 40.77% decline in operating profit, attributed to decreased revenue and increased sales expenses[6]. - Total operating costs for Q1 2023 were ¥57,487,445.02, an increase of 1.86% from ¥56,440,229.27 in Q1 2022[19]. - Research and development expenses for Q1 2023 were ¥2,811,026.79, up from ¥2,260,716.91 in Q1 2022, indicating a growth of 24.36%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,567[8]. - The company’s largest shareholder, Langsha Holdings Group Co., Ltd., holds 42.68% of the shares, with 32 million shares pledged[8]. - Shareholders' equity increased to ¥528,160,484.08 as of March 31, 2023, from ¥525,279,727.54 as of December 31, 2022[17]. Sales and Revenue Breakdown - Online sales accounted for 69.65% of total revenue, with a revenue of RMB 4,366.40 million, showing a slight increase from the previous year[14]. - The revenue from the North China region decreased significantly by 68.09% year-on-year, contributing only 0.25% to total revenue[14]. - The company’s direct stores generated revenue of RMB 769.49 million, with a gross margin of 16.82%[12]. - The export revenue was RMB 112.05 million, reflecting a significant decline of 64.30% compared to the previous year[14]. Future Plans - The company plans to continue expanding its retail presence and enhancing its online sales strategy in the upcoming quarters[10].