HUAFANG COMPANY(SH:600448)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 636,399,707.18, representing a decrease of 23.27% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 1,108,326.78, down 27.41% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,557.34, a significant decline of 82.43%[6]. - Total operating revenue for Q1 2023 was CNY 636,399,707.18, a decrease of 23.3% compared to CNY 829,365,101.08 in Q1 2022[16]. - Total operating costs for Q1 2023 were CNY 636,019,709.56, down from CNY 828,857,735.37 in Q1 2022, reflecting a reduction of 23.3%[16]. - Net profit for Q1 2023 was CNY 1,316,028.63, a decline of 25.6% from CNY 1,769,315.12 in Q1 2022[17]. - Operating profit for Q1 2023 was CNY 516,653.79, down 84.7% from CNY 3.39 million in Q1 2022[26]. - Net profit for Q1 2023 was CNY 439,240.15, a significant decline from CNY 2.84 million in Q1 2022[26]. Cash Flow - The net cash flow from operating activities increased by 128.74% to CNY 114,717,372.51[6]. - Cash inflow from operating activities for Q1 2023 was CNY 831,973,920.51, a decrease of 20% compared to CNY 1,039,389,710.29 in Q1 2022[20]. - The company's net cash flow from operating activities was CNY 114,717,372.51, a significant increase from CNY 50,150,812.84 in Q1 2022[20]. - Cash flow from operating activities in Q1 2023 was CNY 92.04 million, an increase of 83.6% compared to CNY 50.15 million in Q1 2022[28]. - The total operating cash outflow in Q1 2023 was CNY 709.51 million, a decrease from CNY 1,002.73 million in Q1 2022[28]. - The company reported a net cash outflow from investing activities of CNY 29.39 million in Q1 2023, compared to CNY 61.15 million in Q1 2022[28]. - Net cash outflow from investing activities was CNY -29,385,809.41, compared to CNY -61,147,849.75 in the same period last year, indicating a reduced investment expenditure[20]. - Net cash outflow from financing activities was CNY -51,654,120.40, a significant decline from a net inflow of CNY 141,345,311.90 in Q1 2022[21]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 3,685,658,866.80, a decrease of 1.42% from the end of the previous year[8]. - The company's total assets as of Q1 2023 amounted to CNY 3,685,658,866.80, slightly down from CNY 3,738,709,224.77 in the previous quarter[15]. - Total liabilities decreased to CNY 2,416,791,005.41 in Q1 2023 from CNY 2,471,157,392.01 in Q4 2022, indicating a reduction of 2.2%[14]. - The total liabilities decreased to CNY 2,318,045,740.16 from CNY 2,393,706,172.13 year-over-year[24]. - Current assets totaled CNY 1,768,617,322.43 in Q1 2023, compared to CNY 1,819,792,881.38 in Q4 2022, reflecting a decrease of 2.8%[14]. - The inventory as of March 31, 2023, was CNY 686,495,426.44, a decrease from CNY 712,024,673.17 at the end of 2022[22]. Shareholder Information - The equity attributable to shareholders was CNY 1,264,027,014.99, showing a slight increase of 0.09% compared to the end of the previous year[8]. - The total equity attributable to shareholders was CNY 1,264,027,014.99 in Q1 2023, slightly up from CNY 1,262,918,688.21 in Q4 2022[15]. - The company's total equity increased slightly to CNY 1,276,359,978.70 from CNY 1,275,920,738.55 at the end of 2022[24]. - The number of ordinary shareholders at the end of the reporting period was 35,028[11]. - The largest shareholder, Binzhou Antai Holding Group Co., Ltd., held 18.63% of the shares, totaling 117,364,470 shares[11]. Research and Development - Research and development expenses for Q1 2023 were CNY 32,171,980.27, down from CNY 37,831,569.25 in Q1 2022, a decrease of 15.0%[16]. - R&D expenses in Q1 2023 were CNY 31.30 million, a decrease of 16.0% from CNY 37.29 million in Q1 2022[25].