八方股份(603489) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥451,586,564.48, a decrease of 40.72% compared to the same period last year[2] - The net profit attributable to shareholders was ¥46,575,942.07, down 74.06% year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥37,223,453.76, a decline of 78.91% compared to the previous year[2] - Basic earnings per share decreased by 73.83% to ¥0.39[5] - Total operating revenue for Q1 2023 was CNY 451,586,564.48, a decrease of 40.6% compared to CNY 761,753,664.04 in Q1 2022[16] - Net profit attributable to shareholders for Q1 2023 was CNY 46,575,942.07, a decline of 74.0% from CNY 179,560,036.60 in Q1 2022[17] - Basic and diluted earnings per share for Q1 2023 were CNY 0.39, compared to CNY 1.49 in Q1 2022[17] - The net profit for Q1 2023 was ¥63,871,293.38, down 62.5% from ¥170,653,903.62 in Q1 2022[28] Cash Flow - The net cash flow from operating activities increased by 102.12% to ¥111,771,121.17[5] - The net cash flow from operating activities for Q1 2023 was ¥111,771,121.17, a significant increase compared to ¥55,298,479.85 in Q1 2022, reflecting a growth of approximately 102.5%[20] - The company reported a cash inflow from operating activities of ¥464,290,860.29, compared to ¥739,201,375.74 in the previous year, a decline of about 37.2%[20] - The cash outflow from operating activities was ¥352,519,739.12, significantly lower than ¥683,902,895.89 in Q1 2022, indicating a decrease of approximately 48.7%[20] - The cash flow from operating activities for Q1 2023 was ¥125,846,951.16, significantly improved from ¥32,066,117.85 in Q1 2022[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,538,130,043.30, a decrease of 1.46% from the end of the previous year[3] - The total current assets decreased to RMB 2,703,186,218.16 from RMB 2,801,261,591.51, reflecting a decline of about 3.5%[10] - The company's total assets as of March 31, 2023, were RMB 3,538,130,043.30, down from RMB 3,590,374,933.68, indicating a decrease of approximately 1.5%[11] - The total current liabilities decreased to RMB 620,184,809.63 from RMB 718,974,018.58, indicating a reduction of approximately 13.7%[11] - Total liabilities as of Q1 2023 were CNY 632,310,627.63, compared to CNY 731,792,064.17 in the previous year[12] - The total liabilities decreased to ¥302,012,833.11 from ¥426,760,885.98, indicating a reduction of about 29.2%[23] Expenses - The company's sales expenses increased by 131.08% due to higher market expansion and after-sales costs[4] - Total operating costs for Q1 2023 were CNY 406,439,516.14, down 26.7% from CNY 553,941,019.40 in Q1 2022[16] - The company incurred sales expenses of ¥27,915,218.35 in Q1 2023, an increase of 37.2% from ¥20,382,222.74 in Q1 2022[26] - Research and development expenses for Q1 2023 were CNY 21,245,433.06, slightly up from CNY 20,538,942.78 in Q1 2022[16] - Research and development expenses decreased to ¥17,831,936.25 in Q1 2023 from ¥19,182,466.75 in Q1 2022, reflecting a reduction of 7.0%[26] Investments - The company reported a significant increase in prepayments by 206.10%, mainly due to prepaid fuel and exhibition expenses[4] - The total investment income for Q1 2023 was a loss of ¥6,927,711.44, compared to a gain of ¥745,030.14 in Q1 2022[26] - The company generated cash inflows from investment activities of ¥294,591,317.31 in Q1 2023, up from ¥154,597,702.40 in Q1 2022[31] Equity - The equity attributable to shareholders increased by 1.65% to ¥2,905,819,415.67[3] - Total equity attributable to shareholders was CNY 2,905,819,415.67 in Q1 2023, an increase from CNY 2,858,582,869.51 in Q1 2022[12] - The total owner's equity as of March 31, 2023, was ¥2,926,860,938.08, down from ¥2,862,989,644.70, reflecting a decrease of approximately 2.2%[24] Market Conditions - The company's operating income decline was primarily due to high terminal market inventory and weak consumer demand[4] - The company has not disclosed any new product developments or market expansion strategies in the provided reports[9]