HARSON(SH:603958)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥183,767,505.72, representing a decrease of 9.30% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of ¥12,173,654.07, with a basic and diluted earnings per share of -¥0.055[5] - The company reported total operating revenue of RMB 183,767,505.72 for Q1 2023, a decrease of 9.9% compared to RMB 202,605,631.94 in Q1 2022[19] - The company incurred an operating loss of RMB 9,869,838.32 in Q1 2023, an improvement from a loss of RMB 32,212,207.89 in Q1 2022[19] - The company’s net loss for Q1 2023 was RMB 9,787,273.00, compared to a net loss of RMB 32,214,381.56 in Q1 2022[19] - The net profit for Q1 2023 was -12,529,726.72 RMB, an improvement from -33,082,189.69 RMB in Q1 2022, indicating a reduction in losses by approximately 62%[20] - The basic and diluted earnings per share for Q1 2023 were both -0.055 RMB, compared to -0.149 RMB in Q1 2022, reflecting a significant decrease in loss per share[20] - The total comprehensive income for Q1 2023 was -12,529,726.72 RMB, compared to -33,082,189.69 RMB in Q1 2022, indicating a significant reduction in overall losses[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥989,084,521.52, down 4.89% from the end of the previous year[6] - The equity attributable to shareholders of the listed company decreased by 1.47% to ¥799,341,892.29 compared to the end of the previous year[6] - The company’s total liabilities decreased to RMB 186,735,538.63 as of March 31, 2023, compared to RMB 226,274,446.18 at the end of 2022[16] - Cash and cash equivalents as of March 31, 2023, were RMB 331,041,196.79, down from RMB 368,568,216.36 at the end of 2022[14] - The company’s inventory as of March 31, 2023, was RMB 322,961,201.47, down from RMB 347,140,859.45 at the end of 2022[14] - The company reported a decrease in tax expenses from 2,742,453.72 RMB in Q1 2022 to 867,808.13 RMB in Q1 2023, reflecting improved tax efficiency[20] Cash Flow - The net cash flow from operating activities was -¥4,944,957.86, indicating a cash outflow[5] - Cash flow from operating activities showed a net outflow of -4,944,957.86 RMB in Q1 2023, an improvement from -18,689,222.17 RMB in Q1 2022, indicating better cash management[23] - The company generated 280,210,717.43 RMB in cash from sales in Q1 2023, a slight decrease of 3.9% compared to 289,475,255.61 RMB in Q1 2022[23] - The net cash flow from investing activities was -47,916,114.80 RMB in Q1 2023, compared to a positive inflow of 9,377,314.24 RMB in Q1 2022, indicating increased investment expenditures[24] - Cash flow from financing activities resulted in a net inflow of 18,463,374.16 RMB in Q1 2023, contrasting with a net outflow of -2,321,127.02 RMB in Q1 2022, showing improved financing conditions[24] - The company received 1,000,000.00 RMB from minority shareholders as part of financing activities in Q1 2023[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,744[9] - The largest shareholder, Zhenxing International Co., Ltd., holds 62.57% of the shares[9] Operational Changes - The company has integrated its online business operations into its subsidiary, Dongtai Hongyu E-commerce Technology Co., Ltd., to enhance operational efficiency[11] - The company has suspended the export production business of its subsidiary, Fuzhou Zhenzhan Footwear Co., Ltd.[12] - The company’s registered capital increased to RMB 20 million after the merger of its subsidiaries[12]