Financial Performance - The company's operating revenue for Q1 2023 was ¥104,983,359.67, representing a decrease of 31.06% compared to the same period last year[4] - The net profit attributable to shareholders was ¥17,319,860.78, down 54.77% year-on-year[4] - The basic earnings per share decreased by 54.29% to ¥0.16[4] - Operating profit for Q1 2023 was CNY 18,744,396.74, a decline of 58.4% from CNY 45,104,079.95 in Q1 2022[17] - Net profit for Q1 2023 was CNY 17,319,860.78, compared to CNY 38,294,907.18 in Q1 2022, reflecting a decrease of 54.8%[17] - Total comprehensive income attributable to the parent company was CNY 17,455,751.70, down from CNY 38,312,501.33 in the previous year, reflecting a decline of 54.4%[19] - Basic and diluted earnings per share for Q1 2023 were CNY 0.16, compared to CNY 0.35 in Q1 2022, representing a decrease of 54.3%[19] Cash Flow and Assets - The net cash flow from operating activities was ¥42,386,030.19, a decline of 6.69% compared to the previous year[4] - Cash inflows from operating activities totaled CNY 119,156,376.81, down 31.9% from CNY 175,083,241.80 in the same period last year[21] - Net cash flow from operating activities was CNY 42,386,030.19, a decrease of 6.8% compared to CNY 45,425,528.15 in Q1 2022[21] - Cash inflows from investment activities amounted to CNY 98,608,617.96, down 20% from CNY 123,139,654.50 in the previous year[22] - Net cash flow from investment activities was CNY 41,646,218.79, a significant improvement from a net outflow of CNY 11,926,269.56 in Q1 2022[22] - Cash and cash equivalents increased to CNY 462,812,156.29 as of March 31, 2023, up from CNY 422,286,345.79 at the end of 2022[12] - The cash and cash equivalents at the end of Q1 2023 were CNY 132,104,411.83, compared to CNY 196,072,075.51 at the end of Q1 2022, indicating a decrease of 32.6%[22] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,243,876,854.60, a decrease of 0.80% from the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 1,243,876,854.60, a slight decrease from CNY 1,253,892,690.99 at the end of 2022[13] - Total liabilities decreased to CNY 95,515,435.87 as of March 31, 2023, from CNY 122,987,023.96 at the end of 2022[14] - The company reported a decrease in accounts receivable to CNY 53,212,680.26 as of March 31, 2023, from CNY 55,752,409.24 at the end of 2022[12] - Inventory decreased to CNY 91,417,273.91 as of March 31, 2023, down from CNY 96,132,717.67 at the end of 2022[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,555[8] - The largest shareholder, Hangzhou Zhongwang Industrial Co., Ltd., holds 73.35% of the shares[8] Operational Challenges - The company attributed the decline in revenue and profit primarily to the impacts of inflation in the U.S. and the Russia-Ukraine conflict[6] - The company plans to continue focusing on operational efficiency and cost management to improve profitability in the upcoming quarters[20] Non-Recurring Items - Non-recurring gains and losses included government subsidies of ¥121,927.51 and other income totaling ¥856,211.33[5] - The company reported a foreign exchange loss of CNY 886,274.11, compared to a loss of CNY 252,429.33 in the previous year[22] Research and Development - Research and development expenses for Q1 2023 were CNY 4,135,437.01, slightly up from CNY 4,072,867.29 in Q1 2022[17]
众望布艺(605003) - 2023 Q1 - 季度财报