MILKYWAY(SH:603713)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,349,421,608.82, a decrease of 23.21% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 107,427,424.73, down 19.61% year-on-year[4] - Basic earnings per share decreased by 24.42% to CNY 0.65, while diluted earnings per share fell by 29.07% to CNY 0.61[4] - Total revenue for Q1 2023 was ¥2,349,421,608.82, a decrease of 23.2% compared to ¥3,059,516,793.19 in Q1 2022[17] - Net profit for Q1 2023 was ¥111,563,837.12, compared to ¥133,907,953.83 in Q1 2022, representing a decline of 16.7%[18] - In Q1 2023, the total comprehensive income amounted to CNY 110,548,848.38, a decrease of 17.4% compared to CNY 133,903,865.38 in Q1 2022[19] Cash Flow and Management - The net cash flow from operating activities increased by 93.52% to CNY 308,011,956.98, indicating improved cash management[4] - The net cash flow from operating activities was CNY 308,011,956.98, an increase of 93.5% from CNY 159,160,100.42 in the same period last year[22] - Cash received from sales of goods and services was CNY 2,065,283,230.40, down 17.7% from CNY 2,510,435,483.03 in Q1 2022[21] - The net cash flow from investing activities was -CNY 80,139,608.70, an improvement from -CNY 127,943,244.61 in the previous year[22] - Cash and cash equivalents at the end of the period reached CNY 1,505,488,319.38, an increase from CNY 805,156,963.81 at the end of Q1 2022[23] - The company received CNY 32,336,462.62 in tax refunds, significantly higher than CNY 9,211,082.03 in Q1 2022[22] - The company incurred cash outflows of CNY 878,375,482.62 from financing activities, compared to CNY 129,927,432.93 in the same period last year[23] - The company achieved cash inflows from financing activities of CNY 883,911,086.00, a substantial increase from CNY 273,400,000.00 in Q1 2022[22] - The company reported a decrease in cash paid for purchasing goods and services to CNY 1,424,887,215.74 from CNY 2,080,844,575.52 in the previous year, reflecting a reduction of 31.5%[22] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 9,460,921,486.49, a slight decrease of 0.52% from the end of the previous year[5] - The company's total assets as of March 31, 2023, were ¥9,460,921,486.49, slightly down from ¥9,510,685,084.00 at the end of 2022[14] - Total liabilities decreased to ¥5,478,865,856.24 in Q1 2023 from ¥5,616,761,077.88 in Q4 2022, a reduction of 2.5%[13] - The company's cash and cash equivalents decreased to ¥210,993,165.32 from ¥294,788,408.18, a decline of 28.4%[12] - The company reported a decrease in inventory to ¥243,080,018.99 from ¥266,026,702.39, a reduction of 8.6%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,230[8] - The top three shareholders collectively hold 60.75% of the company's shares, indicating significant ownership concentration[8] - Shareholders' equity attributable to the parent company increased by 2.48% to CNY 3,882,926,187.58[5] - The total equity attributable to shareholders increased to ¥3,882,926,187.58 from ¥3,788,930,975.84, reflecting a growth of 2.5%[14] Research and Development - Research and development expenses increased to ¥12,861,709.55 in Q1 2023, up from ¥10,423,098.61 in Q1 2022, indicating a growth of 23.5%[18] Return on Equity - The weighted average return on equity was 2.80%, a decrease of 1.58 percentage points compared to the previous year[4] - The company reported non-recurring gains and losses totaling CNY 5,621,581.50 for the period[6]