QIANHE(SH:603027)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥818.63 million, representing a year-on-year increase of 69.81%[19] - Net profit attributable to shareholders for Q1 2023 was approximately ¥145.23 million, reflecting a significant increase of 162.94% compared to the same period last year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥144.80 million, up by 168.57% year-on-year[19] - The basic earnings per share for Q1 2023 was ¥0.1504, an increase of 161.19% compared to the previous year[19] - The diluted earnings per share reached CNY 0.1504, an increase of 161.19% compared to the previous period[22] - Return on equity increased to 5.99%, up by 3.36 percentage points from the previous year[22] - The total operating revenue for Q1 2023 was CNY 818,630,296.99, a significant increase from CNY 482,088,325.32 in Q1 2022, representing a growth of approximately 70%[44] - The net profit for Q1 2023 was CNY 145,231,975.67, up from CNY 55,233,734.25 in Q1 2022, reflecting an increase of approximately 162%[46] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.1504, compared to CNY 0.0576 in Q1 2022, showing an increase of about 161%[46] Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥3.07 million, a decrease of 96.27% year-on-year, primarily due to increased payments for raw materials[19] - The cash flow from operating activities for Q1 2023 was not explicitly stated but is critical for assessing liquidity and operational efficiency[38] - In Q1 2023, the company reported cash inflows from operating activities of CNY 859,028,512.97, an increase from CNY 560,287,298.86 in Q1 2022, representing a growth of approximately 53.4%[52] - The cash outflows for purchasing goods and services amounted to CNY 624,896,068.27 in Q1 2023, compared to CNY 323,968,960.99 in Q1 2022, indicating a significant increase of about 93.1%[52] - The net cash flow from investing activities was CNY 21,877,405.67 in Q1 2023, recovering from a negative cash flow of CNY -100,740,171.05 in Q1 2022[52] - The company experienced a net increase in cash and cash equivalents of CNY 24,745,803.85 in Q1 2023, contrasting with a decrease of CNY -18,967,850.66 in Q1 2022[54] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 434,025,463.33, up from CNY 177,987,496.36 at the end of Q1 2022, marking an increase of approximately 143.5%[54] - The company reported a total cash outflow from financing activities of CNY 205,416.00 in Q1 2023, down from CNY 544,320.00 in Q1 2022, indicating a reduction of about 62.2%[54] Shareholder Information - The total number of common shareholders at the end of the reporting period was 60,076[6] - The largest shareholder, Wu Chaoqun, holds 36.83% of the shares, while the second-largest shareholder, Wu Jianyong, holds 9.76%[6] Costs and Expenses - The total operating costs for Q1 2023 were CNY 654,328,893.58, compared to CNY 418,175,793.65 in Q1 2022, indicating an increase of about 56.5%[44] - The company reported a significant increase in sales expenses, which reached CNY 95,764,118.90 in Q1 2023, compared to CNY 72,606,176.98 in Q1 2022, marking an increase of approximately 31.9%[44] - Research and development expenses for Q1 2023 amounted to CNY 24,681,596.66, which is an increase from CNY 12,521,766.92 in Q1 2022, representing a growth of approximately 97%[44] Assets and Liabilities - Total assets decreased by 0.83% to CNY 3,145,132,750.17 from CNY 3,171,593,207.19 at the end of the previous year[22] - Net assets attributable to shareholders increased by 6.77% to CNY 2,512,283,836.76 from CNY 2,353,022,936.10[22] - The total liabilities as of Q1 2023 were CNY 632,848,913.41, down from CNY 818,570,271.09 in the previous year, indicating a reduction of about 22.6%[42] Investment and Development - The company invested CNY 1.26 billion in a smart manufacturing project for seasoning products, with a total investment of CNY 573.96 million as of March 31, 2023[27] - The first phase of the project, with an annual production capacity of 200,000 tons of soy sauce and 100,000 tons of cooking wine, was completed and put into use by the end of February 2023[27] - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in this report[2] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[39] Non-Recurring Gains - The company reported non-recurring gains of CNY 428,873.78 after tax, with government subsidies recognized as recurring income[25]