QUICK CO.,(SH:603203)2023-04-28 16:00Financial Performance - Operating revenue for Q1 2023 was CNY 216,349,392.20, representing a year-on-year increase of 5.53%[5] - Net profit attributable to shareholders decreased by 9.23% to CNY 55,056,692.62 compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.22, down 12.00% from the previous year[5] - The company reported a net profit of CNY 51,490,244.97 for Q1 2023, compared to CNY 58,850,000.00 in Q1 2022, indicating a decline of 12.5%[17] - Total comprehensive income for Q1 2023 was CNY 55,275,201.72, compared to CNY 61,053,256.30 in Q1 2022, indicating a decrease of 9.7%[19] - Net profit for Q1 2023 was CNY 55,122,800.87, a decrease of 9.4% compared to CNY 61,167,683.86 in Q1 2022[18] - Operating profit for Q1 2023 was CNY 62,040,711.94, down from CNY 69,885,809.42 in the same period last year, reflecting a decline of 12.5%[18] Cash Flow and Management - Net cash flow from operating activities fell by 37.72% to CNY 58,503,647.53, indicating strong cash management capabilities despite a high base from the previous period[8] - Cash flow from operating activities in Q1 2023 was CNY 58,503,647.53, down 37.7% from CNY 93,929,403.91 in Q1 2022[22] - Investment activities generated a net cash flow of CNY 164,821,688.53 in Q1 2023, a significant improvement compared to a net outflow of CNY 65,773,725.13 in Q1 2022[22] - Cash and cash equivalents were CNY 519,253,673.45 as of March 31, 2023, down from CNY 577,658,468.06 at the end of 2022, a decrease of 10.1%[14] - Cash and cash equivalents at the end of Q1 2023 increased to CNY 492,098,567.30, up from CNY 282,574,841.10 at the end of Q1 2022, representing a growth of 74.0%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,912,743,291.32, an increase of 1.86% from the end of the previous year[6] - The total assets as of March 31, 2023, were CNY 1,912,743,291.32, an increase from CNY 1,877,848,184.05 at the end of 2022[17] - The total liabilities as of March 31, 2023, were CNY 421,074,347.05, a decrease from CNY 447,895,887.52 at the end of 2022, reflecting a reduction of 6.0%[16] - Total liabilities reached approximately $447.90 million, with current liabilities at $426.98 million and non-current liabilities at $20.92 million[26] - The company holds $96.64 million in goodwill and $20.50 million in intangible assets[25] Shareholder Information - Shareholder equity attributable to the parent company increased by 4.40% to CNY 1,463,780,165.04[6] - The total number of common shareholders at the end of the reporting period was 8,772[10] - The top ten shareholders held a combined 92.53% of the company's shares, with the largest shareholder owning 30.09%[10] - Total equity attributable to shareholders is approximately $1.40 billion, with minority interests of $27.82 million[26] Expenses and Investments - Total operating costs for Q1 2023 were CNY 164,859,147.23, up from CNY 146,896,515.96 in Q1 2022, reflecting a year-over-year increase of 12.2%[17] - Research and development expenses in Q1 2023 amounted to CNY 28,606,172.97, compared to CNY 22,978,554.52 in Q1 2022, indicating a growth of 24.5%[17] - The company reported a decrease in operating expenses, with cash paid for goods and services amounting to CNY 97,767,800.34, down from CNY 121,316,165.25 in the previous year[22] - The company experienced a tax expense of CNY 6,920,423.81 in Q1 2023, compared to CNY 8,903,181.70 in Q1 2022, indicating a reduction of 22.3%[18] Future Outlook - The company plans to continue investing in new product development and market expansion strategies in the upcoming quarters[17]