HFM(SH:603011)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 293,709,845.46, representing a decrease of 8.26% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2023 was CNY 19,218,166.52, down 24.76% year-on-year[5]. - The basic earnings per share for the period was CNY 0.04, reflecting a decline of 20.00% compared to the previous year[6]. - The company reported a net profit margin of approximately 1.34% for Q1 2023, down from 4.7% in Q1 2022[19]. - The net profit for Q1 2023 was CNY 19,192,849.24, a decrease of 24.5% compared to CNY 25,448,475.46 in Q1 2022[20]. - Operating profit for Q1 2023 was CNY 21,415,444.16, down 26.1% from CNY 28,971,458.65 in the same period last year[20]. - The total comprehensive income for Q1 2023 was CNY 19,192,849.24, a decrease of 24.5% from CNY 25,448,475.46 in Q1 2022[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -94,019,379.53, an increase in outflow of 55.27% year-on-year[5]. - The cash flow from operating activities in Q1 2023 was a net outflow of CNY -94,019,379.53, an improvement from CNY -210,208,718.55 in Q1 2022[24]. - Investment activities generated a net cash outflow of CNY -359,258,229.62 in Q1 2023, slightly better than CNY -371,231,864.14 in Q1 2022[24]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 145,923,195.29, compared to CNY 116,850,898.05 at the end of Q1 2022[25]. - The company reported a significant decrease in cash and cash equivalents by 61.92%, primarily due to investments in financial products[10]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,045,281,584.72, a slight increase of 1.13% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 4,045,281,584.72, compared to RMB 4,000,112,306.29 at the end of 2022, showing a growth of 1.1%[16]. - Total liabilities increased to RMB 1,840,360,368.81 from RMB 1,815,339,990.55, an increase of 1.4%[17]. - Shareholders' equity totaled RMB 2,204,921,215.91, up from RMB 2,184,772,315.74, indicating a growth of 0.9%[17]. - Short-term borrowings rose to RMB 578,260,849.67 from RMB 557,715,711.41, an increase of 3.1%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,462[12]. - The top shareholder, Yan Jianwen, holds 30.0% of the shares, with 148,438,422 shares pledged[12]. Revenue and Costs - Total operating revenue for Q1 2023 was RMB 293,709,845.46, a decrease of 8.2% compared to RMB 320,139,752.67 in Q1 2022[19]. - Total operating costs for Q1 2023 were RMB 288,317,874.43, down from RMB 305,550,980.98 in Q1 2022, reflecting a reduction of 5.6%[19]. - Total revenue from sales of goods and services received in Q1 2023 was CNY 419,415,478.48, an increase of 58.3% compared to CNY 264,888,917.66 in Q1 2022[23]. Inventory and Receivables - Inventory increased to RMB 1,015,799,043.34, up from RMB 934,880,456.53, representing an increase of 8.7%[15]. - Accounts receivable slightly decreased to RMB 728,965,773.86 from RMB 730,348,946.97, a marginal decline of 0.2%[15]. - The company experienced a 37.56% increase in receivables financing, attributed to a higher volume of customer-issued vouchers[10]. Financial Expenses - The company reported a decrease in financial expenses to CNY 9,333,563.63 in Q1 2023 from CNY 8,132,627.63 in Q1 2022, with interest expenses at CNY 5,497,247.32[20]. - The company received CNY 8,479,205.09 in tax refunds during Q1 2023, compared to CNY 7,897,928.51 in Q1 2022[24].