BLB(SZ:002286)2023-04-27 16:00Financial Performance - In Q1 2023, the company's revenue was CNY 610.27 million, a decrease of approximately 7.22% year-on-year[4] - The net profit attributable to shareholders was CNY 17.05 million, down about 60.09% compared to the same period last year[4] - The company reported a 67.51% decrease in net profit after deducting non-recurring gains and losses, amounting to CNY 12.78 million[7] - Total operating revenue for Q1 2023 was CNY 610.27 million, a decrease of 7.15% from CNY 657.77 million in Q1 2022[19] - Net profit attributable to the parent company for Q1 2023 was CNY 17.05 million, a decline of 60.14% compared to CNY 42.72 million in Q1 2022[21] - Earnings per share for Q1 2023 were CNY 0.05, down from CNY 0.11 in Q1 2022[21] - The company reported a comprehensive income total of CNY 32.62 million for Q1 2023, compared to CNY 29.78 million in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 1.12 million, a 100.83% increase from a negative cash flow of CNY 136.11 million in the previous year[7] - The company's cash and cash equivalents as of March 31, 2023, amount to ¥332,200,073.90, down from ¥375,948,557.69 at the beginning of the year[17] - The net cash flow from operating activities for Q1 2023 was ¥1,123,765.76, a significant improvement compared to a net outflow of ¥136,105,401.07 in Q1 2022[24] - Total cash inflow from operating activities was ¥669,049,904.66, while cash outflow was ¥667,926,138.90, resulting in a net cash flow of ¥1,123,765.76[24] - The total net increase in cash and cash equivalents was -¥55,748,483.79, compared to a decrease of -¥60,824,389.74 in the same period last year[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.00 billion, a slight decrease of 0.09% from the end of the previous year[7] - The company's total liabilities decreased to CNY 965.17 million in Q1 2023 from CNY 1,001.79 million in Q1 2022[20] - Non-current liabilities totaled CNY 205.71 million in Q1 2023, down from CNY 242.59 million in Q1 2022[20] - The company's total equity increased to CNY 2,038.36 million in Q1 2023 from CNY 2,004.34 million in Q1 2022[20] - Total assets amount to ¥3,003,533,045.76, slightly down from ¥3,006,135,458.00 at the beginning of the year[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 39,447[12] - The top shareholder, Beijing Yongyu Investment Management Co., Ltd., holds 12.71% of shares, totaling 47,273,390 shares, with 8,000,000 shares frozen[12] - The second-largest shareholder, Ningbo Baopu Futong Asset Management Center, holds 10.26% of shares, totaling 38,139,244 shares[12] Operational Insights - The company plans to focus on the development of low-sugar and sugar substitute products, capitalizing on the growing market demand[5] - The domestic probiotic industry is entering a rapid expansion phase, presenting new opportunities for the company[5] - The company aims to leverage its brand, quality, and customer resources to develop differentiated products and integrated application solutions[5] - The company anticipates strong growth in market demand for erythritol products as competition improves and consumption continues to recover[5] - The company experienced a significant increase in management expenses, rising by 50.95% to CNY 28.74 million due to increased parking fees[11] Inventory and Receivables - Accounts receivable increased to ¥239,415,254.17 from ¥234,259,204.26, indicating a slight growth[17] - Inventory as of March 31, 2023, is ¥377,959,782.98, up from ¥335,390,465.63 at the beginning of the year[17] Research and Development - The company reported a decrease in research and development expenses to CNY 1.79 million in Q1 2023 from CNY 1.88 million in Q1 2022[20] Offering and Financing - The company is in the process of a non-public offering of A-shares, fully subscribed by its controlling shareholder, Beijing Yongyu, and its affiliates[14] Tax and Employee Payments - The company received tax refunds amounting to ¥17,847,131.34 during the quarter[24] - Payments to employees totaled ¥36,049,106.06, down from ¥43,968,041.63 in Q1 2022[24] Audit Status - The report for Q1 2023 was not audited[26]