Lily Group(SH:603823)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥553,063,716.69, representing a decrease of 14.43% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥15,613,314.50, down 76.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,973,954.59, a decline of 78.83% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.05, reflecting a decrease of 76.19% year-on-year[5]. - Total operating revenue for Q1 2023 was CNY 646,323,104.51, an increase of 16.9% compared to CNY 553,063,716.69 in Q1 2022[18]. - Net profit for Q1 2023 reached CNY 68,121,954.34, a significant increase of 321.5% from CNY 16,164,151.02 in Q1 2022[19]. - Earnings per share for Q1 2023 were CNY 0.21, compared to CNY 0.05 in Q1 2022, marking a 320% increase[20]. - The total profit for Q1 2023 was ¥23.54 million, down 66.5% from ¥70.07 million in Q1 2022[29]. Cash Flow and Assets - The net cash flow from operating activities was -¥1,145,210.76, indicating a significant cash outflow[5]. - Cash flow from operating activities in Q1 2023 was CNY 278,422,306.49, down 17.4% from CNY 337,041,351.45 in Q1 2022[21]. - The net cash flow from operating activities for Q1 2023 was -1,145,210.76 RMB, compared to -53,925,672.57 RMB in Q1 2022, indicating an improvement[22]. - The total cash and cash equivalents at the end of Q1 2023 stood at 312,312,852.58 RMB, compared to 130,767,685.44 RMB at the end of Q1 2022, showing significant growth[24]. - The company's total assets decreased to 2,661,832,953.28 RMB from 2,724,885,286.17 RMB at the end of 2022[26]. - Current assets totaled 1,408,652,850.45 RMB, down from 1,462,731,554.53 RMB at the end of 2022[25]. Liabilities and Equity - The total liabilities of the company decreased to RMB 1,200,000,000.00, down from RMB 1,300,000,000.00, reflecting a reduction of about 7.69%[15]. - Total liabilities as of Q1 2023 amounted to CNY 1,025,992,812.58, a decrease from CNY 1,121,675,919.85 in the previous year[19]. - The company's total liabilities decreased to 688,484,838.16 RMB from 772,863,423.23 RMB at the end of 2022, reflecting a reduction in debt[26]. - The total equity attributable to shareholders reached CNY 2,167,071,822.07, up from CNY 2,150,911,724.95 in Q1 2022[19]. - The total equity increased to 1,973,348,115.12 RMB from 1,952,021,862.94 RMB at the end of 2022, indicating a positive trend in shareholder value[27]. Market Conditions and Competition - The company attributed the decline in profits to weak market demand and intense industry competition, along with delayed cost transmission from raw material price changes[9]. - Baihehua Group's financial report for Q1 2023 did not include any significant new product launches or technological advancements mentioned in the conference call[13]. Research and Development - Research and development expenses for Q1 2023 were CNY 23,219,505.30, slightly higher than CNY 22,250,565.03 in Q1 2022[19]. - Research and development expenses for Q1 2023 were ¥17.84 million, slightly up from ¥17.32 million in Q1 2022[28].