Liqun Co.,Ltd.(SH:601366)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,273,897,212.24, representing a year-on-year increase of 2.78%[4]. - The net profit attributable to shareholders was CNY 19,109,865.91, with a significant improvement in cash flow from operating activities, which reached CNY 517,052,351.08, an increase of 700.23%[4][8]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.02[4]. - In Q1 2023, the company reported a net profit of CNY 18,429,055.28, a significant recovery from a net loss of CNY 25,347,149.10 in Q1 2022, marking a turnaround of approximately 172.6%[20]. - The total revenue for Q1 2023 was CNY 41,729,669.76, compared to a loss of CNY 12,483,045.88 in the same period last year, indicating a substantial improvement in overall financial performance[20]. - Operating profit for Q1 2023 was CNY 23,610,195.57, a recovery from an operating loss of CNY 12,792,191.69 in Q1 2022, reflecting a positive change of approximately 284.5%[20]. - Total comprehensive income for Q1 2023 was CNY 18,549,425.95, compared to a total comprehensive loss of CNY 26,939,356.92 in Q1 2022, indicating a turnaround of approximately 169.0%[21]. Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 16,740,917,547.82, a decrease of 4.17% compared to the end of the previous year[5]. - Total assets as of March 31, 2023, were RMB 16,740,917,547.82, down from RMB 17,468,684,477.94 at the end of 2022, a decline of about 4.2%[17]. - Total liabilities decreased to RMB 12,471,486,683.86 from RMB 13,217,803,899.87, reflecting a reduction of approximately 5.6%[16]. - The total equity attributable to shareholders increased to RMB 4,234,946,093.80 from RMB 4,215,714,997.28, showing a slight increase of approximately 0.5%[17]. Cash Flow and Financing - The company generated net cash flow from operating activities of CNY 517,052,351.08 in Q1 2023, a significant increase from CNY 64,613,194.38 in Q1 2022, representing an increase of approximately 694.5%[24]. - The company’s cash outflow from financing activities in Q1 2023 was CNY 282,837,384.63, compared to an inflow of CNY 155,936,079.05 in Q1 2022, indicating a shift in financing strategy[24]. - The company’s operating cash inflow decreased to CNY 3,462,141,198.17 in Q1 2023 from CNY 3,687,862,506.56 in Q1 2022, reflecting a decline of approximately 6.1%[23]. - Cash and cash equivalents at the end of Q1 2023 stood at CNY 659,386,896.77, slightly down from CNY 660,062,855.80 at the end of Q1 2022[24]. - The company's cash and cash equivalents increased to RMB 844,995,271.12 as of March 31, 2023, compared to RMB 726,339,627.46 at the end of 2022, representing a growth of 16.3%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,277[10]. - The largest shareholder, LQ Group Co., Ltd., held 171,129,589 shares, accounting for 20.14% of the total shares[11]. Market Outlook and Strategy - The company is focusing on market recovery and expects continued growth in the consumer market in 2023[8]. - The company has not reported any significant new product developments or mergers and acquisitions in this quarter[8]. - The company has not provided specific guidance for future performance or new product developments in the available documents[19]. Operational Metrics - Total operating costs for Q1 2023 were RMB 2,236,357,544.78, up from RMB 2,214,273,332.48 in Q1 2022, reflecting a rise in operating costs[19]. - Inventory decreased to RMB 2,143,681,460.87 from RMB 2,511,282,373.75, indicating a reduction of approximately 14.6%[15]. - The company reported a decrease in accounts payable to RMB 973,401,717.96 from RMB 1,098,835,045.04, a decline of about 11.4%[16]. - The company incurred a credit impairment loss of CNY -2,584,987.92 in Q1 2023, compared to CNY -707,692.26 in Q1 2022, indicating an increase in credit risk[20].