兰生股份(600826) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 53,800,910.16, representing a year-on-year increase of 34.43%[4] - The net profit attributable to shareholders was a loss of CNY 8,914,116.36, and the net profit after deducting non-recurring gains and losses was a loss of CNY 34,866,911.28[4] - Net profit for Q1 2023 was a loss of ¥13,541,301.37, compared to a loss of ¥85,454,510.07 in Q1 2022, indicating an improvement in performance[22] - The company reported a significant increase in other comprehensive income, totaling ¥37,096,598.17 in Q1 2023, compared to a loss of ¥106,324,180.83 in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -¥0.004, an improvement from -¥0.15 in Q1 2022[23] Cash Flow - The net cash flow from operating activities was negative at CNY 355,421,847.63[4] - In Q1 2023, the company reported cash inflows from operating activities of ¥297,114,347.87, a significant increase from ¥127,379,808.11 in Q1 2022, representing a growth of approximately 133%[24] - The net cash outflow from operating activities was ¥355,421,847.63, compared to a net outflow of ¥122,659,711.70 in the same period last year, indicating a worsening cash flow situation[25] - Cash inflows from financing activities totaled ¥300,470,784.31, with cash outflows of ¥305,681,027.58, resulting in a net cash outflow of ¥5,210,243.27[25] - The company reported a significant increase in cash received from sales of goods and services, reaching ¥258,358,107.79 in Q1 2023, compared to ¥110,124,688.43 in Q1 2022, a growth of about 134%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,652,633,972.81, a decrease of 1.87% compared to the end of the previous year[5] - The company's total assets decreased to ¥5,652,633,972.81 in Q1 2023 from ¥5,760,637,206.38 in Q1 2022, a decline of 1.9%[19] - Total liabilities decreased to ¥2,042,967,321.32 in Q1 2023 from ¥2,174,016,636.00 in Q1 2022, a reduction of 6.0%[19] - The total liabilities reached approximately $2.17 billion, compared to $2.29 billion previously, showing a decline of around 5.2%[31] - Non-current liabilities totaled approximately $414.98 million, down from $533.89 million, indicating a decrease of about 22.2%[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,977[9] - The top shareholder, Shanghai Lansheng (Group) Co., Ltd., holds 41.42% of the shares, totaling 220,658,920 shares[9] - The equity attributable to shareholders increased by 0.80% to CNY 3,548,046,697.23[5] - The company's equity attributable to shareholders increased to ¥3,548,046,697.23 in Q1 2023 from ¥3,519,864,215.42 in Q1 2022, a growth of 0.8%[19] Investments and Expenses - Financial expenses increased by 69.14% due to higher interest expenses and reduced interest income[6] - The company reported a significant increase in credit impairment losses by 664.31% due to the reversal of impairment losses[6] - Investment income for Q1 2023 was ¥2,902,388.68, down from ¥8,440,015.56 in Q1 2022, a decline of 65.6%[22] - The company paid ¥60,745,902.50 in taxes during Q1 2023, a significant increase from ¥18,195,750.00 in Q1 2022, reflecting a growth of about 234%[25] Strategic Developments - The company established a joint venture, Donghao Lansheng Exhibition (Tianjin) Co., Ltd., with a 51% stake to expand its presence in the Beijing-Tianjin-Hebei exhibition market[15] - The company is focusing on "digital exhibition" strategies, launching a new joint venture for creative technology and digital marketing services[15] - The company appointed new executives, including a new president and vice presidents, to strengthen its leadership team[14] Asset Management - The company's cash and cash equivalents were reported at CNY 1.40 billion, down from CNY 1.64 billion, reflecting a decline of 14.2%[17] - The accounts receivable decreased significantly to CNY 39.45 million from CNY 126.12 million, representing a drop of 68.7%[17] - The inventory increased sharply to CNY 169.70 million from CNY 21.25 million, indicating a growth of 696.5%[17] - Long-term equity investments increased to approximately CNY 310.07 million from CNY 282.90 million, showing a growth of 9.6%[17]