PANDA FINANCIAL(SH:600599)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥71,026,770.01, representing a decrease of 39.35% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥21,053,595.72, down 41.95% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥16,863,573.84, a decline of 53.22% compared to the previous year[6]. - The weighted average return on equity decreased by 47.96 percentage points to 2.639%[7]. - The company's net profit for Q1 2023 was not explicitly stated, but the investment loss was RMB -1,594,993.73, indicating challenges in investment performance[20]. - The total profit for Q1 2023 was CNY 26,845,614.47, down 40.4% from CNY 44,956,156.12 in the same period last year[21]. - Operating profit for Q1 2023 was CNY 26,497,299.29, a decline of 41.1% from CNY 44,910,527.66 in Q1 2022[21]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.127, down from CNY 0.218 in Q1 2022[22]. Cash Flow and Liquidity - The cash flow from operating activities was negative at -¥34,443,146.48, indicating a significant cash outflow[6][11]. - Cash flow from operating activities in Q1 2023 was CNY 134,435,082.83, an increase of 14.0% compared to CNY 117,778,440.06 in Q1 2022[24]. - Cash flow from investing activities generated a net inflow of CNY 4,781,561.03 in Q1 2023, compared to a net outflow of CNY 28,000.00 in Q1 2022[25]. - Cash flow from financing activities resulted in a net outflow of CNY 6,373,433.23 in Q1 2023, compared to a net outflow of CNY 1,446,622.06 in Q1 2022[25]. - The company reported a net cash decrease of CNY 36,493,059.46 in Q1 2023, compared to a decrease of CNY 106,342,688.56 in Q1 2022[25]. - The company experienced a significant reduction in cash received from sales of goods and services, totaling CNY 46,288,130.46 in Q1 2023, down 28.1% from CNY 64,311,489.21 in Q1 2022[24]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 121,318,587.32, a decrease from CNY 261,957,525.53 at the end of Q1 2022[25]. - The company's cash and cash equivalents decreased to RMB 124,846,671.54 as of March 31, 2023, from RMB 161,340,777.61 at the end of 2022, representing a decline of 22.5%[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,018,245,734.63, an increase of 2.84% from the end of the previous year[7]. - Total assets as of March 31, 2023, amounted to RMB 1,018,245,734.63, up from RMB 990,092,168.45 at the end of 2022, reflecting a growth of 2.5%[19]. - Total liabilities increased to RMB 207,998,037.96 as of March 31, 2023, compared to RMB 202,788,874.33 at the end of 2022, marking a rise of 2.4%[18]. - The total equity attributable to shareholders increased to RMB 810,247,696.67 as of March 31, 2023, compared to RMB 787,303,294.12 at the end of 2022, showing a growth of 2.9%[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,651[12]. - The top shareholder, Wanzai County Yinhe Bay Investment Co., Ltd., holds 40,000,000 shares, accounting for 24.10% of the total shares[13]. Operating Costs - Total operating costs for Q1 2023 were RMB 47,028,074.94, down 38.4% from RMB 76,385,051.65 in Q1 2022[20]. - The company experienced a 118.92% increase in prepayments due to advance payments for goods[10]. - The company's financial expenses surged by 529.57% due to decreased interest income and increased exchange losses[10]. - Accounts receivable increased to RMB 53,495,646.80 in Q1 2023, up 19.2% from RMB 44,880,145.45 at the end of 2022[16]. - Inventory rose to RMB 38,045,560.80, an increase of 93.1% compared to RMB 19,715,846.32 at the end of 2022[17]. - The company reported a decrease in financial expenses to RMB 3,175,561.57 in Q1 2023, down from RMB 518,241.17 in Q1 2022[20].