Wanlin Logistics(SH:603117)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥123,733,091.24, representing a year-on-year increase of 17.8%[5] - The net profit attributable to shareholders was -¥140,724.62, a decrease of 111.52% compared to the same period last year[5] - The company reported a net loss of ¥233,370,611.33 for Q1 2023, compared to a loss of ¥233,229,886.71 in Q1 2022[17] - The net profit for Q1 2023 was -6,101,127.06 RMB, compared to -2,024,187.62 RMB in Q1 2022, indicating a significant decline in profitability[19] - The total revenue from operating activities decreased to 246,937,217.20 RMB in Q1 2023, down from 885,499,771.94 RMB in Q1 2022, reflecting a 72% drop[22] - The company reported a total comprehensive loss of -6,310,698.33 RMB for Q1 2023, compared to a comprehensive income of 2,618,865.00 RMB in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥28,588,161.89, indicating a significant cash outflow[5] - The cash flow from operating activities showed a net outflow of -28,588,161.89 RMB, an improvement from -150,431,281.71 RMB in the same period last year[22] - The company's cash and cash equivalents as of March 31, 2023, were ¥30,400,365.06, down from ¥38,778,798.69 as of December 31, 2022[14] - The cash and cash equivalents at the end of Q1 2023 were 29,109,201.53 RMB, slightly down from 29,563,101.33 RMB at the end of Q1 2022[23] - The company generated 3,510,308.58 RMB in cash from investment activities, an increase from 1,897,786.28 RMB in Q1 2022[22] - The cash inflow from financing activities was 60,697,872.81 RMB, down from 128,950,582.01 RMB in Q1 2022, indicating a 53% decrease[23] - The company incurred a significant increase in debt repayment, with cash outflow of 32,301,235.84 RMB in Q1 2023 compared to 6,852,292.41 RMB in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,414,291,441.17, an increase of 1.67% from the end of the previous year[6] - Total current assets amounted to ¥825,531,444.03, a rise of 8.2% from ¥763,010,055.13 at the end of 2022[15] - Total liabilities increased to ¥1,025,831,853.09 as of March 31, 2023, compared to ¥979,847,986.93 at the end of 2022, indicating a growth of 4.7%[16] - The company's total assets reached ¥2,414,291,441.17, up from ¥2,374,618,273.34 at the end of 2022, marking a 1.7% increase[17] - Non-current assets totaled ¥1,588,759,997.14, slightly down from ¥1,611,608,218.21 at the end of 2022, reflecting a decrease of 1.4%[15] - The company's equity attributable to shareholders was ¥1,376,138,399.17 as of March 31, 2023, a slight decrease from ¥1,376,394,058.75 at the end of 2022[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,165[11] - The top shareholder, Qiongqing City Bolu Investment Partnership, held 93,045,057 shares, accounting for 14.70% of total shares[11] Earnings and Share Performance - The company reported a diluted earnings per share of ¥0.00 for the reporting period[6] - The basic and diluted earnings per share for Q1 2023 were both 0.00 RMB, compared to 0.01 RMB in Q1 2022[20] - The company reported a credit impairment loss of 59,619.90 RMB in Q1 2023, reflecting ongoing challenges in asset quality[19] Government Subsidies and Product Development - The company recognized government subsidies of ¥2,133,354.00 related to its normal business operations[7] - The company did not disclose any new product developments or market expansion strategies in the report[12]