Jiahe Foods(SH:605300)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 641,056,381.07, representing a year-on-year increase of 22.77%[5] - The net profit attributable to shareholders was CNY 63,246,258.31, showing a significant increase of 267.18% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 51,103,173.79, reflecting a growth of 265.43% year-on-year[5] - The basic earnings per share reached CNY 0.16, which is a 300.00% increase compared to the previous year[5] - The company's total operating revenue for Q1 2023 was ¥641,056,381.07, representing a 22.7% increase from ¥522,177,029.26 in Q1 2022[21] - Net profit for Q1 2023 reached ¥63,317,873.91, compared to ¥17,224,962.26 in the same period last year, reflecting a significant increase of 267.5%[22] - The total comprehensive income for Q1 2023 was ¥63,356,571.96, significantly higher than ¥18,841,840.42 in Q1 2022, representing an increase of 236.5%[22] - Basic earnings per share for Q1 2023 were ¥0.16, compared to ¥0.04 in the same quarter last year, indicating a 300% increase[22] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 24,713,548.58, down by 26.46% from the previous year[5] - Cash flow from operating activities was ¥24,713,548.58, down from ¥33,604,098.81 in Q1 2022, indicating a decrease of 26.4%[24] - The company generated ¥757,629,843.98 in cash from sales, an increase of 17.8% from ¥643,367,710.72 in the previous year[24] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 777,095,336.25, up from RMB 540,693,789.56 at the end of 2022, indicating a growth of about 43.8%[15] - The cash and cash equivalents at the end of Q1 2023 totaled ¥651,893,629.59, up from ¥456,409,067.29 at the end of Q1 2022, reflecting a growth of 42.7%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,163,694,172.29, an increase of 1.69% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 3,163,694,172.29, compared to RMB 3,111,083,804.94 at the end of 2022, reflecting an increase of approximately 1.7%[17] - Total liabilities decreased to RMB 1,076,209,909.05 from RMB 1,089,542,502.66 at the end of 2022, showing a reduction of about 1.2%[17] - The company's total equity increased to RMB 2,087,484,263.24 as of March 31, 2023, compared to RMB 2,021,541,302.28 at the end of 2022, marking a growth of approximately 3.3%[17] - The equity attributable to shareholders increased to CNY 2,084,963,355.48, up by 3.14% from the previous year-end[6] Operational Metrics - The company reported a gross profit margin of approximately 10.3% for Q1 2023, up from 3.9% in Q1 2022[21] - Total operating costs increased to ¥575,422,367.34, up from ¥507,281,359.69, marking a 13.4% rise year-over-year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,798[12] Government Support - The company received government subsidies amounting to CNY 9,211,267.79, which are closely related to its normal business operations[8] Accounting Changes - The company announced the implementation of new accounting standards starting in 2023, which will affect the financial statements from the beginning of the year[26]