Bestore(SH:603719)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,384,725,480.36, representing a decrease of 18.94% compared to the same period last year[6] - Net profit attributable to shareholders was ¥148,689,677.18, an increase of 59.78% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥106,960,782.68, up 72.50% from the previous year[6] - Basic and diluted earnings per share were both ¥0.37, reflecting a growth of 60.87% year-on-year[6] - The company reported a total profit of CNY 201,018,924.62, up from CNY 126,105,367.72 in the previous year, marking a growth of 59.4%[21] - The net profit for Q1 2023 was CNY 148,573,316.93, an increase of 57.0% compared to CNY 94,616,671.77 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥302,683,002.10, a significant increase of 240.43% compared to the same period last year[6] - The net cash flow from operating activities was CNY 302,683,002.10, significantly up from CNY 88,912,669.11 in Q1 2022[24] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 1,466,225,329.85, an increase from RMB 1,354,382,169.40 at the end of 2022[16] - The cash and cash equivalents at the end of the period were CNY 1,409,751,105.32, a decrease from CNY 1,642,009,090.69 at the end of Q1 2022[25] - The company experienced a net cash outflow from financing activities of CNY 121,840,474.10, compared to an outflow of CNY 73,389,324.39 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,682,887,799.24, down 7.01% from the end of the previous year[7] - Total assets as of March 31, 2023, were RMB 4,682,887,799.24, down from RMB 5,035,859,789.33 at the end of 2022[18] - Total liabilities decreased to RMB 2,136,484,257.17 from RMB 2,638,029,564.19, a reduction of about 19%[18] - Shareholders' equity attributable to the parent company was ¥2,547,491,945.87, an increase of 6.20% compared to the end of last year[7] - Shareholders' equity increased to RMB 2,546,403,542.07 from RMB 2,397,830,225.14, reflecting an increase of approximately 6%[18] Operational Efficiency - The company is focusing on cost reduction strategies and improving operational efficiency in response to declining revenues[19] - Total operating costs for Q1 2023 were RMB 2,240,425,729.45, down from RMB 2,858,001,704.92 in Q1 2022, reflecting a reduction of approximately 22%[20] - Operating expenses decreased, with sales expenses at CNY 405,599,348.28, down from CNY 537,893,062.24 in Q1 2022[21] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,326[12] - The weighted average return on equity was 6.01%, an increase of 1.76 percentage points[6] Research and Development - Research and development expenses increased slightly to CNY 12,948,042.76 from CNY 12,813,273.60, reflecting a focus on innovation[21] Non-Recurring Gains - The company reported non-recurring gains of ¥41,728,894.50 after tax[9] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[19] - The company reported an increase in other income to CNY 53,602,667.72 from CNY 41,020,504.55, indicating improved financial performance[21]