HULUWA(SH:605199)2023-04-17 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥527,261,635.05, representing a year-on-year increase of 32.09%[5] - The net profit attributable to shareholders for the same period was ¥40,560,003.62, reflecting a growth of 35.59% compared to the previous year[5] - The basic earnings per share for Q1 2023 was ¥0.10, an increase of 42.86% year-on-year[6] - Total operating revenue for Q1 2023 was CNY 527.26 million, an increase from CNY 399.17 million in Q1 2022, representing a growth of approximately 32.2%[20] - Net profit for Q1 2023 reached CNY 40.42 million, compared to CNY 29.89 million in Q1 2022, reflecting a growth of approximately 35.2%[22] - Earnings per share for Q1 2023 were CNY 0.10, an increase from CNY 0.07 in Q1 2022[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,352,978,170.87, which is a 1.77% increase from the end of the previous year[6] - Total assets as of March 31, 2023, are ¥2,352,978,170.87, compared to ¥2,312,057,375.26 at the end of 2022[18] - The total liabilities as of Q1 2023 amounted to CNY 1,297.29 million, slightly up from CNY 1,296.79 million in the previous year[21] - Total current liabilities decreased to ¥868,961,259.33 from ¥1,056,887,876.28 year-over-year[18] - The company reported a significant reduction in short-term borrowings, which decreased to ¥418,286,060.53 from ¥500,950,785.99[18] Cash Flow - The cash flow from operating activities showed a net outflow of ¥118,334,967.44, which is not applicable for year-on-year comparison[5] - Cash flow from operating activities in Q1 2023 was a net outflow of CNY 118.33 million, compared to a net outflow of CNY 110.76 million in Q1 2022[23] - The net cash flow from investing activities was -123,101,426.17, compared to -74,481,823.60 in the previous period, indicating a significant increase in cash outflow for investments[24] - Cash inflow from financing activities amounted to 257,345,765.82, a substantial increase from 52,214,400.00 in the prior period, reflecting enhanced borrowing activities[24] - The net increase in cash and cash equivalents was -141,230,543.14, compared to -280,489,455.93 in the previous period, indicating an improvement in cash flow management[24] Expenses - The company's management expenses rose by 52.50%, primarily due to increased labor costs and intermediary service fees[11] - Total operating costs for Q1 2023 were CNY 467.07 million, up from CNY 358.18 million in Q1 2022, indicating an increase of about 30.4%[21] - Research and development expenses for Q1 2023 were CNY 19.60 million, down from CNY 34.79 million in Q1 2022, indicating a decrease of approximately 43.7%[21] - Sales expenses for Q1 2023 were CNY 169.48 million, compared to CNY 158.33 million in Q1 2022, showing an increase of about 7.3%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 37,753[14] - The largest shareholder, Hainan Huluwa Investment Development Co., Ltd., holds 167,079,000 shares, accounting for 41.7% of total shares[14] Inventory and Accounts - The company's inventory increased by 48.02% due to the need to stock up on raw materials and auxiliary materials for production[11] - Accounts receivable increased to ¥392,731,683.05 from ¥312,492,879.36 year-over-year[17] - Inventory as of March 31, 2023, is ¥316,102,153.81, up from ¥213,560,704.28 at the end of 2022[17] - The company reported a significant increase of 126.05% in accounts payable, attributed to higher procurement costs due to increased production and sales[11] Government Support and Future Plans - The company received government subsidies amounting to ¥8,936,317.68, which contributed to other income increasing by 114.49%[11] - The company plans to continue expanding its production capabilities with investments in the "Nanning Production Base Phase II" and "Haikou Meian Children's Medicine Intelligent Manufacturing Base" projects[12] Financial Reporting - There are no significant changes in the audit opinion type, indicating stability in financial reporting[17] - The company did not apply new accounting standards or interpretations for the first quarter of 2023, maintaining consistency in financial reporting[25] - The company’s cash flow management strategies appear to be evolving, as evidenced by the significant changes in cash inflows and outflows across various activities[24]