KINGCLEAN(SH:603355)2023-04-25 16:00Financial Performance - In Q1 2023, the total operating revenue was CNY 1,827,665,311.72, a decrease of 22.2% compared to CNY 2,350,642,779.32 in Q1 2022[9] - The total operating costs for Q1 2023 were CNY 1,599,107,266.21, down from CNY 2,069,534,583.81 in the same period last year, reflecting a reduction of 22.7%[9] - The net profit for Q1 2023 was CNY 185,759,475.52, a decrease of 12.1% from CNY 211,225,445.55 in Q1 2022[9] - The net profit attributable to shareholders for Q1 2023 was CNY 185,381,649.72, down 12.24% year-over-year[38] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 169,239,537.70, a decrease of 19.21% compared to the previous year[38] - The total comprehensive income for Q1 2023 is approximately ¥182.41 million, compared to ¥202.47 million in Q1 2022, indicating a decrease of around 9.88%[50] - Basic and diluted earnings per share for Q1 2023 are both ¥0.32, down from ¥0.37 in Q1 2022, reflecting a decline of approximately 13.51%[50] Cash Flow and Assets - The net cash flow from operating activities was CNY 150,489,050.96, an increase of 105.5% compared to CNY 73,316,544.58 in Q1 2022[5] - The net cash flow from operating activities increased by 105.26% to CNY 150,489,050.96[39] - The company's cash and cash equivalents increased to approximately 5.38 billion yuan from 4.48 billion yuan year-on-year[25] - The net increase in cash and cash equivalents for Q1 2023 is approximately ¥899.96 million, compared to an increase of ¥553.63 million in Q1 2022, showing an increase of about 62.38%[59] - The company's cash and cash equivalents at the end of Q1 2023 stand at approximately ¥5.38 billion, up from ¥3.47 billion at the end of Q1 2022, indicating a growth of about 54.61%[59] - As of March 31, 2023, the company's total current assets amounted to approximately 8.039 billion yuan, an increase from 7.791 billion yuan at the end of 2022[26] - The company's total assets reached approximately 10.768 billion yuan, compared to 10.555 billion yuan at the end of 2022[27] - The total assets at the end of the reporting period were CNY 10,767,578,059.51, reflecting a 2.01% increase from the end of the previous year[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,112[18] - The largest shareholder, 莱克电气投资集团有限公司, holds 35.82% of the shares, totaling 205,632,000 shares[18] - The company has a significant shareholder, 莱克电气投资集团有限公司, holding 205,632,000 shares[67] Liabilities and Equity - Total liabilities as of March 31, 2023, were approximately 6.774 billion yuan, slightly up from 6.750 billion yuan at the end of 2022[27] - The company's non-current liabilities decreased significantly from approximately 1.972 billion yuan to 1.479 billion yuan year-on-year[27] - The company's retained earnings increased to approximately 2.222 billion yuan from 2.037 billion yuan year-on-year[27] - The equity attributable to shareholders increased by 4.94% to CNY 3,991,143,766.06 compared to the end of the previous year[39] Market Strategy and Performance - The company aims to ensure the continuous development of its ODM/OEM exports, core components, and proprietary brands amidst a challenging market environment[3] - The company has adopted a strategy focusing on stability, speed, and breakthroughs to capture innovative and structured market opportunities[3] - The company achieved operating revenue of 1.828 billion yuan, a year-on-year decrease of 22.25%, primarily due to global economic conditions and a decline in ODM/OEM export business and consumer motor income, which fell by over 30%[21] - Sales revenue of wireless garden tools increased by over 40% year-on-year, indicating a successful shift towards high-end, wireless, and intelligent product strategies[23] - Online sales of the company's own brands, including the Leek brand and Biyunquan brand, both saw revenue growth exceeding 50% year-on-year[23] - The company expects an improvement in export business starting from October 2023[23] Other Financial Information - The company incurred a financial expense increase of CNY 11.09 million due to the allocation of convertible bond interest expenses[44] - The company experienced a foreign exchange loss of CNY 47.81 million in Q1 2023, compared to a loss of CNY 9.76 million in the same period last year[44] - Excluding the impact of convertible bond interest and foreign exchange, the net profit attributable to shareholders would have increased by 7.24% year-over-year[44] - The company reported a deferred tax asset of CNY 119.86 million[61] - The company has a goodwill amounting to CNY 645.97 million[61] - Non-operating income included government subsidies amounting to CNY 13.36 million[66] - The company reported a non-operating gain from the disposal of non-current assets of CNY 348,705.04[66]