Zhejiang Oceanking Development (SH:603213)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥493,931,757.28, representing a decrease of 20.15% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥58,646,275.69, down 43.55% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,730,065.69, a decline of 47.11% compared to the previous year[5]. - The basic and diluted earnings per share were both ¥0.13, reflecting a decrease of 43.55% year-on-year[5]. - Total operating revenue for Q1 2023 was ¥493,931,757.28, a decrease of 20.1% compared to ¥618,591,626.76 in Q1 2022[18]. - Net profit for Q1 2023 was ¥59,023,456.61, a decline of 43.3% from ¥104,054,295.30 in Q1 2022[19]. - Earnings per share for Q1 2023 were ¥0.13, compared to ¥0.24 in Q1 2022, reflecting a 45.8% decrease[20]. - The total profit for Q1 2023 was ¥77,458,831.33, a decrease of 45.5% from ¥142,049,612.10 in Q1 2022[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,805,477,367.36, an increase of 10.20% from the end of the previous year[6]. - The total assets as of March 31, 2023, amounted to CNY 2,805,477,367.36, an increase from CNY 2,545,699,288.83 as of December 31, 2022, reflecting a growth of approximately 10.2%[15]. - Current assets totaled CNY 870,003,845.56, down from CNY 939,382,120.57 at the end of 2022, indicating a decrease of about 7.4%[16]. - Total liabilities as of Q1 2023 amounted to ¥1,024,794,645.55, an increase of 24.0% from ¥826,014,290.94 in the previous year[17]. - The total liabilities as of Q1 2023 were not explicitly stated but can be inferred from the current liabilities, which included accounts payable of CNY 707,166,415.62, up from CNY 596,142,121.32, indicating an increase of about 18.7%[16]. Cash Flow - The net cash flow from operating activities was ¥116,275,511.84, with no applicable year-on-year comparison[5]. - Operating cash flow for Q1 2023 was ¥116,275,511.84, a significant improvement from -¥13,866,006.90 in Q1 2022, indicating a turnaround in cash generation[21]. - Total cash inflow from operating activities decreased to ¥549,567,837.21 in Q1 2023 from ¥620,421,924.08 in Q1 2022, reflecting a decline of approximately 11.4%[21]. - Cash outflow from operating activities also decreased to ¥433,292,325.37 in Q1 2023 from ¥634,287,930.98 in Q1 2022, a reduction of about 31.7%[21]. - Net cash flow from investing activities was -¥129,043,871.14 in Q1 2023, an improvement from -¥163,627,500.02 in Q1 2022[22]. Shareholder Information - The company has a diverse shareholder base, with the top shareholder holding 55.62% of the shares, indicating a strong control by major stakeholders[12]. Research and Development - Research and development expenses for Q1 2023 were ¥10,114,215.09, a decrease of 40.3% from ¥16,986,440.34 in Q1 2022[18]. - Research and development expenses decreased to ¥10,114,215.09 in Q1 2023, down 40.3% from ¥16,986,440.34 in Q1 2022[29]. Inventory and Receivables - Accounts receivable increased to CNY 99,797,132.38 from CNY 57,306,404.42, representing a significant rise of about 74.5%[15]. - Inventory levels rose to CNY 130,990,318.69, up from CNY 104,243,831.74, marking an increase of approximately 25.6%[15]. - Accounts receivable increased to ¥90,616,763.81 in Q1 2023 from ¥52,409,387.88 in Q1 2022, indicating a rise of approximately 72.8%[26]. - Inventory levels rose to ¥130,688,769.73 in Q1 2023 from ¥103,742,401.35 in Q1 2022, marking an increase of about 26%[26].