Ribo Fashion(SH:603196)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 247,418,835.49, representing a year-on-year increase of 2.17%[5] - Net profit attributable to shareholders was CNY 12,196,063.60, reflecting a significant increase of 50.70% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 11,618,504.78, which is an increase of 94.99% year-on-year[5] - Basic earnings per share (EPS) was CNY 0.0509, up by 47.97% from the previous year[5] - Total operating revenue for Q1 2023 was ¥247,418,835.49, a slight increase of 1.02% compared to ¥242,175,438.15 in Q1 2022[16] - Net profit attributable to shareholders of the parent company for Q1 2023 was ¥12,196,063.60, representing a significant increase of 50.00% from ¥8,093,189.39 in Q1 2022[18] - Earnings per share for Q1 2023 was ¥0.0509, up from ¥0.0344 in Q1 2022, reflecting a growth of 48.84%[18] - The company reported a total profit of ¥17,063,232.30 for Q1 2023, compared to ¥12,020,625.31 in Q1 2022, reflecting a growth of 42.08%[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,166,963,392.85, a decrease of 7.50% from the end of the previous year[6] - The company's current assets totaled RMB 589,459,920.80, down from RMB 665,647,591.68 at the end of 2022, indicating a reduction of about 11.4%[12] - Total liabilities decreased to ¥353,113,916.35 in Q1 2023 from ¥460,145,191.07 in Q4 2022, indicating a reduction of approximately 23.26%[14] - The total current liabilities decreased to 265,041,457.40 RMB from 324,376,476.39 RMB at the end of 2022[24] - The total liabilities as of March 31, 2023, amounted to CNY 265,289,282.40, compared to CNY 324,624,301.39 at the end of 2022[25] Cash Flow - The net cash flow from operating activities was negative at CNY -12,521,719.52, indicating a non-applicable change[5] - In Q1 2023, the net cash flow from operating activities was -12,521,719.52 RMB, a decline from 11,122,417.85 RMB in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was -CNY 13,946,507.89, an improvement from -CNY 95,038,354.04 in Q1 2022[28] - Total cash inflow from investment activities was 86,300,479.82 RMB, down from 330,877,355.82 RMB in the same period last year[22] - The net cash flow from investment activities improved to 5,485,154.91 RMB, compared to -73,182,966.23 RMB in Q1 2022[22] Shareholder Equity - Shareholders' equity attributable to shareholders was CNY 813,849,476.50, showing a slight increase of 1.54% compared to the previous year[6] - Total equity attributable to shareholders of the parent company increased to ¥813,849,476.50 in Q1 2023 from ¥801,475,856.93 in Q4 2022, a growth of 1.68%[14] - The total equity as of March 31, 2023, was CNY 904,811,465.01, up from CNY 900,628,696.83 at the end of 2022[25] Research and Development - Research and development expenses for Q1 2023 were ¥6,863,668.22, up from ¥6,057,176.01 in Q1 2022, marking an increase of 13.27%[17] - The company reported a significant increase in R&D expenses, totaling CNY 4,730,029.58 in Q1 2023, compared to CNY 3,964,886.78 in Q1 2022, reflecting a focus on innovation[26] Market Strategy - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[11] - The company plans to continue focusing on market expansion and new product development as part of its strategic initiatives moving forward[30]