HOLIKE(SH:603898)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 347,762,973.17, representing a decrease of 43.47% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 12,007,819.75, down 70.66% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 964,070.79, a decline of 97.21% compared to the previous year[3]. - The basic earnings per share decreased by 69.23% to CNY 0.04, while diluted earnings per share fell by 64.29% to CNY 0.05[3]. - In Q1 2023, the company's net profit was CNY 12,007,819.75, a decrease of 78.1% compared to CNY 54,784,846.38 in Q1 2022[15]. - Total revenue from operating activities was CNY 453,879,931.68, down 33.1% from CNY 676,431,252.57 in the same period last year[18]. - The total comprehensive income for Q1 2023 was CNY 12,316,390.10, down from CNY 41,192,680.19 in Q1 2022[16]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -11,468,966.46, an increase in outflow of 87.17% year-on-year[3]. - Cash and cash equivalents increased to CNY 381,563,047.99 as of March 31, 2023, up from CNY 249,748,140.16 at the end of 2022[10]. - The company reported a net cash outflow from operating activities of CNY -11,468,966.46, compared to CNY -89,371,147.03 in Q1 2022, indicating an improvement[19]. - Investment activities generated a net cash inflow of CNY 148,669,930.34, an increase from CNY 118,360,988.45 in the previous year[19]. - The company recorded a significant increase in cash received from investment recoveries, totaling CNY 820,000,000.00, compared to CNY 600,000,000.00 in Q1 2022[19]. - The total assets at the end of the reporting period were CNY 4,322,610,006.86, a decrease of 1.34% from the end of the previous year[4]. - The total assets as of March 31, 2023, were CNY 4,322,610,006.86, a slight decrease from CNY 4,381,367,832.02 at the end of 2022[12]. - The total liabilities decreased to CNY 1,267,129,075.69 from CNY 1,338,204,271.34 at the end of 2022[12]. - Inventory remained stable at CNY 234,477,805.92, compared to CNY 234,439,193.22 at the end of 2022[10]. - Accounts payable decreased significantly to CNY 151,006,945.26 from CNY 248,914,902.30 at the end of 2022[11]. Shareholder Information - The company had a total of 10,918 ordinary shareholders at the end of the reporting period[6]. - The equity attributable to shareholders increased slightly by 0.40% to CNY 3,055,480,931.17 compared to the end of the previous year[4]. Market Conditions and Strategic Changes - The decline in revenue and profit was attributed to a sluggish retail market and the exclusion of Hubei Qianchuan from the consolidated financial statements since July 2022[4]. - The company has indicated that the retail market is still recovering, impacting product delivery timelines[8]. - The company no longer consolidates Hubei Qianchuan into its financial statements since July 1, 2022, affecting year-on-year comparisons[8]. Expenses and Cost Management - Total operating costs in Q1 2023 were CNY 354,099,409.57, down from CNY 546,592,593.07 in Q1 2022[14]. - The company incurred research and development expenses of CNY 21,231,815.14, down from CNY 29,322,518.31 in the previous year, indicating a reduction in R&D investment[15]. - The company reported a significant decrease in sales expenses, totaling CNY 58,375,625.86, compared to CNY 66,781,506.26 in Q1 2022, reflecting cost-cutting measures[15].