ANJI FOOD(603696)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 145,240,870.70, representing a year-on-year increase of 33.33%[6] - The net profit attributable to shareholders for Q1 2023 was CNY 13,304,952.93, a significant increase of 357.32% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,207,476.34, reflecting a year-on-year increase of 68.58%[6] - The basic earnings per share for Q1 2023 was CNY 0.06, with a diluted earnings per share also at CNY 0.06[7] - The weighted average return on equity increased to 2.45%, up by 1.92 percentage points from the previous year[7] - The total operating costs amounted to ¥133,759,679.79, up from ¥103,104,869.84, reflecting a growth of 29.7% year-over-year[21] - Net profit for Q1 2023 reached ¥13,304,952.93, a significant increase of 357.5% compared to ¥2,909,331.39 in the same period last year[22] - The company reported a comprehensive income total of ¥12,399,626.22 for Q1 2023, compared to ¥2,589,558.93 in Q1 2022, marking an increase of 378.5%[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 17,409,451.96, a decrease of 38.75% compared to the previous year[6] - Cash flow from operating activities showed a net outflow of ¥17,409,451.96, an improvement from a net outflow of ¥28,422,925.50 in Q1 2022[25] - Cash flow from investing activities generated a net inflow of ¥46,099,587.63, compared to a net outflow of ¥45,993,279.33 in the previous year[27] - The ending cash and cash equivalents balance for Q1 2023 was ¥150,866,467.39, up from ¥82,382,756.63 at the end of Q1 2022[27] - The company's cash and cash equivalents increased to CNY 136,022,622.90 as of March 31, 2023, from CNY 88,443,235.49 at the end of 2022, showing a growth of approximately 53.9%[30] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 611,944,488.93, down 2.44% from the end of the previous year[7] - Total assets decreased to RMB 611,944,488.93 as of March 31, 2023, from RMB 627,269,936.00 at the end of 2022, reflecting a decline of approximately 2.6%[17] - Total current liabilities decreased to RMB 61,305,626.36 from RMB 88,899,495.02 at the end of 2022, a reduction of about 30.9%[16] - The total liabilities decreased to CNY 72,484,938.51 in Q1 2023 from CNY 79,322,535.03 in Q4 2022, a reduction of approximately 8.5%[31] - The company's total current assets amounted to CNY 257,700,255.89 as of March 31, 2023, compared to CNY 248,762,944.73 at the end of 2022, indicating a growth of about 3.8%[30] Equity and Shareholder Information - The total equity attributable to shareholders increased to RMB 549,681,954.60 from RMB 537,288,229.27 at the end of 2022, showing a growth of approximately 2.6%[17] - The company's total equity increased to CNY 577,565,437.38 as of March 31, 2023, from CNY 562,607,343.31 at the end of 2022, reflecting a growth of approximately 2.7%[31] - The company's equity attributable to shareholders was ¥537,290,407.55, marginally up from ¥537,288,229.27 at the end of 2022[40] Operational Insights - The company plans to continue expanding its market presence in Central, East, and North China, contributing to revenue growth[10] - The company has not disclosed any new product launches or technological advancements in the current report[14] - There are no significant mergers or acquisitions reported during the quarter[14] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[44] - Future guidance indicates a focus on enhancing operational efficiency and exploring strategic acquisitions to drive growth[44] Research and Development - Research and development expenses increased to ¥2,800,995.56 in Q1 2023 from ¥2,202,773.72 in Q1 2022, reflecting a growth of 27.1%[21] - Research and development expenses for Q1 2023 were CNY 2,800,995.56, compared to CNY 2,202,773.72 in Q1 2022, reflecting an increase of about 27%[33] Accounting and Reporting Changes - The company implemented new accounting standards starting January 1, 2023, which may affect the financial reporting and adjustments in future periods[36]