Financial Performance - The company's revenue for Q1 2023 was ¥187,997,016.50, a decrease of 46.23% compared to ¥349,661,447.27 in the same period last year[5] - Net profit attributable to shareholders was ¥21,179,819.33, down 63.71% from ¥58,362,367.17 year-on-year[5] - Basic earnings per share decreased by 72.79% to ¥0.1553 from ¥0.5708 in the same period last year[5] - Net profit for Q1 2023 was CNY 22,876,080.12, a decline of 64.0% compared to CNY 63,540,732.93 in Q1 2022[26] Cash Flow - The net cash flow from operating activities increased by 409.43% to ¥19,604,029.63, compared to a negative cash flow of ¥6,335,618.95 in the previous year[5] - The net cash flow from operating activities was $19,604,029.63, a significant improvement compared to the previous period's negative cash flow of -$6,335,618.95[28] - The net increase in cash and cash equivalents was $36.55 million, a significant improvement compared to a net decrease of $38.05 million in Q1 2022, driven by changes in operating, investing, and financing activities[13] - The ending balance of cash and cash equivalents rose to $724,905,421.62 from $209,581,804.80, showing a substantial increase[29] Operating Costs and Expenses - Operating costs decreased by 44.24% to ¥143,375,580.63, attributed to reduced business volume during the reporting period[11] - Total operating costs for Q1 2023 were CNY 162,275,869.60, down 41.3% from CNY 276,854,193.70 year-on-year[24] - The company experienced a 62.67% reduction in income tax expenses, amounting to ¥1,309,267.48, due to decreased profits[11] - Cash outflow for purchasing goods and services was $120,223,799.65, down from $225,649,186.00, indicating a reduction of about 46.7%[28] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,428,064,391.26, reflecting a 2.34% increase from ¥1,395,354,409.21 at the end of the previous year[5] - Total liabilities rose to CNY 154,907,505.27, compared to CNY 140,773,791.97 in the previous period[23] - The company's equity attributable to shareholders increased to CNY 1,165,380,590.75, up from CNY 1,148,050,282.69[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,521, with no preferred shareholders[15] - The largest shareholder, Zhuang Mingyun, holds 28.06% of the shares, amounting to 38,255,400 shares[16] Investment Activities - The cash paid for fixed asset construction and other long-term assets increased by 36.46% to $18.56 million, indicating ongoing investment in growth projects[13] - The company has not engaged in any investment management activities during the reporting period, resulting in a 100% decrease in cash received from investment activities[13] Other Financial Metrics - The company reported a 69.44% increase in prepayments to ¥6,939,709.10, primarily due to increased advance payments for raw material purchases[9] - Short-term borrowings reached ¥40,000,000.00, marking a 100% increase as part of enhanced financial planning[9] - The company reported a cash balance of $730.68 million as of March 31, 2023, an increase from $694.13 million at the beginning of the year[21] - The company reported a decrease in other comprehensive income, with a net amount of CNY -5,279,811.37 for Q1 2023 compared to CNY -1,524,967.59 in the previous year[26] - The company reported a 189.49% increase in fair value changes, resulting in a gain of ¥53,838.90, attributed to temporary gains from financial products[11]
源飞宠物(001222) - 2023 Q1 - 季度财报