Milkground(SH:600882)2023-04-25 16:00Financial Performance - Total revenue for Q1 2023 was RMB 783,011,255.57, a decrease of 19.6% compared to RMB 973,858,783.66 in Q1 2022[12] - Operating profit for Q1 2023 was RMB -13,351,208.15, compared to RMB 21,578,563.35 in Q1 2022, indicating a significant decline[12] - The company reported a net loss of RMB 13,050,372.59 for Q1 2023, compared to a profit of RMB 22,170,860.37 in Q1 2022[12] - Net profit for the current period is CNY 34,309,384.08, a decrease of 57.7% compared to CNY 81,191,046.71 in the previous period[13] - Operating profit stands at CNY 40,023,361.79, down 62.9% from CNY 107,586,197.48 year-over-year[13] - The total profit for the current period is CNY 42,687,407.95, a decrease of 60.7% from CNY 108,560,390.75 in the previous period[13] - The net profit attributable to shareholders of the listed company was ¥24,202,313.22, down 67.08% year-on-year[33] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,868,764.32, a decline of 91.47% compared to the previous year[33] - The basic and diluted earnings per share were both ¥0.048, reflecting a decrease of 66.67% year-on-year[33] Assets and Liabilities - The company's total assets as of March 31, 2023, were RMB 6,647,763,195.41, slightly down from RMB 6,662,967,711.08 at the end of 2022[11] - Total liabilities decreased to RMB 2,809,652,155.51 from RMB 2,818,926,689.04, a decrease of 0.4%[11] - The company's total assets decreased to ¥7,243,300,777.50 from ¥7,436,787,754.92, a decline of 2.6%[47] - Total liabilities decreased to ¥2,325,988,541.99 from ¥2,560,269,103.49, a reduction of 9.1%[47] Cash Flow - Cash and cash equivalents increased to RMB 821,867,389.43 from RMB 775,710,156.64, reflecting a growth of 5.4%[8] - The company’s cash flow from financing activities resulted in a net outflow of CNY -92,159,791.78, contrasting with a net inflow of CNY 51,337,118.61 in the previous period[21] - The net cash flow from operating activities was negative at CNY -115,769,286.23, indicating a significant cash outflow[33] - The company reported cash inflows from operating activities totaling CNY 1,137,535,125.79, a decrease of 15% compared to CNY 1,338,350,907.09 in Q1 2022[59] - The company’s cash and cash equivalents at the end of Q1 2023 stood at CNY 1,310,220,680.43, down from CNY 2,503,045,152.36 at the end of Q1 2022[61] Expenses - Research and development expenses increased to RMB 451,548.50 from RMB 118,102.42, a significant increase of 282.5%[12] - Research and development expenses increased to CNY 11,031,153.89, up 134.5% from CNY 4,709,416.22 in the previous period[13] - The company reported a decrease in sales expenses to CNY 248,021,469.59, down 22.3% from CNY 319,069,799.88[13] - The company’s tax expenses decreased to CNY 8,378,023.87, down 69.4% from CNY 27,369,344.04 in the previous period[13] Revenue and Sales - The company's operating revenue for the reporting period was ¥1,022,743,665.28, representing a decrease of 20.47% compared to the same period last year[33] - The company reported a decrease in sales revenue from CNY 1,082,538,065.67 in Q1 2022 to CNY 817,785,148.17 in Q1 2023, a decline of approximately 24%[65] - Total revenue from investment activities reached CNY 710,353,235.23, compared to CNY 479,262,500.00 in the previous period, marking a growth of 48.2%[21] - Total revenue for Q1 2023 was ¥1,022,743,665.28, a decrease of 20.5% compared to ¥1,285,991,540.08 in Q1 2022[49] Inventory and Receivables - Accounts receivable decreased to RMB 60,444,790.46 from RMB 99,268,267.97, a decline of 39.2%[8] - Accounts receivable decreased significantly to ¥81,135,906.92 from ¥123,385,602.32, a reduction of 34.1%[46] - Inventory levels slightly decreased to RMB 123,087,871.60 from RMB 129,365,439.69, a reduction of 4.3%[8] - Inventory increased to ¥810,544,958.00 from ¥702,428,810.24, representing a growth of 15.4%[46]