南极电商(002127) - 2023 Q1 - 季度财报

Financial Performance - The total operating revenue for the first quarter was ¥610,811,531.76, a decrease of 35.45% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥35,651,427.83, down 74.37% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥32,943,739.95, a decrease of 75.14%[4]. - The total GMV across all e-commerce channels was ¥5.233 billion, a decline of 36.17% year-on-year, with Pinduoduo contributing ¥1.204 billion (23.01% share) and JD.com contributing ¥609 million (11.65% share)[10]. - The total revenue for the reporting period was 611 million yuan, a year-on-year decrease of 35.45%[32]. - The net profit attributable to shareholders for the reporting period was 36 million yuan, a year-on-year decrease of 74.37%[33]. - Net profit for Q1 2023 was ¥35,123,788.08, a decline of 74.7% from ¥139,074,025.51 in Q1 2022[64]. - Earnings per share for Q1 2023 were ¥0.0151, compared to ¥0.0595 in the same quarter last year[64]. Cash Flow and Liquidity - The company's cash flow from operating activities was -¥200,839,355.86, an improvement of 45.61% compared to -¥369,258,400.00 in the previous year[4]. - The company's cash and cash equivalents at the end of the reporting period were ¥835,377,100, a decrease of 60.75% from the beginning of the year[14]. - The company’s cash and cash equivalents decreased significantly, with interest income dropping to ¥6,893,264.67 from ¥15,520,577.95 in the previous year[49]. - Operating cash flow for the period was -200,839,355.86, an improvement from -369,258,400.00 in the previous period, indicating a 45.7% reduction in cash outflow from operations[66]. - The company reported a decrease in cash received from operating activities, totaling 936,236,302.54, down from 1,072,355,327.09, a decline of 12.7%[66]. - Cash paid for purchasing goods and services was 1,021,030,246.55, down from 1,232,229,701.42, indicating a 17.1% reduction in cash outflow for operational expenses[66]. - The net cash increase for the period was -1,004,292,886.70, compared to -803,773,796.30 in the prior period, indicating a worsening cash position[67]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,059,582,062.04, a slight increase of 0.04% compared to the end of the previous year[4]. - The total liabilities at the end of the reporting period were 630.23 million yuan, compared to 668.42 million yuan at the beginning of the year[27]. - The total equity attributable to shareholders was 1.49 billion yuan, an increase from 1.49 billion yuan at the beginning of the year[27]. - The total liabilities and equity amounted to ¥5,059,582,062.04, slightly up from ¥5,057,531,602.85 year-over-year[60]. Operational Efficiency - The company's cash flow from operating activities was -¥200,839,355.86, an improvement of 45.61% compared to -¥369,258,400.00 in the previous year[4]. - Sales expenses increased by 38.00% to ¥27,038,900, primarily due to increased personnel costs in the front office division[19]. - The operating cost for the year-to-date was 518.87 million yuan, a decrease of 31.01% year-on-year[38]. - The credit impairment loss for the year-to-date was -6.53 million yuan, an increase of 312.51% year-on-year[39]. - Research and development expenses for Q1 2023 were ¥5,964,977.29, down from ¥7,093,915.39 in the same period last year[49]. Strategic Outlook - The company plans to stabilize its business scale and gradually recover profits through organizational adjustments and cost control measures[12].