Anzheng Fashion(SH:603839)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 603,595,355.05, representing a year-on-year increase of 4.80%[4] - The net profit attributable to shareholders for the same period was CNY 27,406,550.76, which is an increase of 28.76% compared to the previous year[4] - The total revenue for the first quarter of 2023 was 60,033.82 million, with a gross margin of 49.80%, reflecting a 4.56% increase in revenue compared to the previous year[14] - Net profit for Q1 2023 reached CNY 27,860,677.66, a 15.4% increase from CNY 24,092,633.56 in Q1 2022[29] - The company reported a total comprehensive income of CNY 27,860,677.66 for Q1 2023, compared to CNY 24,092,633.56 in Q1 2022, indicating a growth of 15.4%[31] - Earnings per share for Q1 2023 were CNY 0.07, compared to CNY 0.05 in Q1 2022, marking a 40% increase[31] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 57.52% to CNY 63,708,250.04, primarily due to the termination of a brand operation in the previous year[7] - Cash generated from operating activities was CNY 558,289,855.33 in Q1 2023, down from CNY 627,950,985.40 in Q1 2022, a decrease of 11%[33] - The total cash and cash equivalents at the end of Q1 2023 were $448,085,239.02, down from $748,328,892.86 at the end of Q1 2022[35] - The company experienced a negative impact of $3,824,941.11 from exchange rate fluctuations on cash and cash equivalents[35] - The company’s cash and cash equivalents increased to 450,267,412.74 from 430,390,558.96, indicating a positive cash flow situation[21] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 3,000,832,004.07, a decrease of 1.99% from the end of the previous year[5] - The total liabilities decreased from 664,329,943.77 to 589,864,696.54, indicating improved financial stability[23] - Total liabilities as of Q1 2023 amounted to CNY 663,811,605.28, a decrease from CNY 754,516,917.90 in the previous year[24] - Total equity attributable to shareholders was CNY 2,105,628,706.64, up from CNY 2,076,172,555.87 in Q1 2022, reflecting an increase of 1.6%[24] Store Operations - The total number of retail stores decreased from 1,973 at the end of 2022 to 1,960 by the end of March 2023, with 101 new openings and 114 closures during the first quarter[12] - The number of direct-operated stores for the JZ Jiuzi brand decreased from 104 to 103, while the number of franchise stores decreased from 380 to 376[12] Sales Performance - Online sales accounted for 45.90% of total revenue in Q1 2023, generating 27,558.05 million, while offline sales contributed 54.10% with 32,475.77 million[16] - The gross margin for online sales decreased to 26.98% from 33.81% year-over-year, while the gross margin for offline sales increased to 69.16%[16] - The revenue from the e-commerce agency business was 17,774.98 million, marking a significant year-over-year increase of 64.73%[16] - The revenue from the Northeast region increased by 3.76% year-over-year, while the East China region saw a decline of 22.80%[18] - The gross margin for the direct stores was 75.28%, with a revenue increase of 16.88% year-over-year, while franchise stores experienced a revenue decline of 31.72%[16] Shareholder Information - The company has a total of 16,672 common shareholders as of the end of the reporting period[9] - The top shareholder, Zheng Anzheng, holds 151,165,218 shares, accounting for 37.78% of the total shares, with 47,000,000 shares pledged[9] - The company’s repurchase account held 8,968,020 shares, representing 2.24% of the total share capital at the end of the reporting period[10] Research and Development - Research and development expenses for Q1 2023 were CNY 13,502,324.05, down from CNY 16,677,727.50 in Q1 2022, a decrease of 19.4%[28] - The company did not report any new product launches or technological advancements in this quarter[36]