贝因美(002570) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥717,274,967.43, a decrease of 3.04% compared to ¥814,448,112.17 in the same period last year[3]. - The net profit attributable to shareholders decreased by 39.13% to ¥12,250,864.35 from ¥20,126,374.67 year-on-year[3]. - The net profit after deducting non-recurring gains and losses dropped by 74.40% to ¥3,972,825.65 compared to ¥15,517,744.73 in the previous year[3]. - The total operating revenue for the first quarter of 2023 was CNY 717,274,967.43, an increase from CNY 696,112,450.13 in the same period last year, representing a growth of approximately 1.67%[26]. - The net profit for the first quarter of 2023 was CNY 13,837,189.83, a decrease from CNY 20,984,457.67 in the previous year, reflecting a decline of approximately 34%[26]. - The net profit attributable to the parent company for Q1 2023 was CNY 12,250,864.35, a decrease from CNY 20,126,374.67 in the same period last year, representing a decline of approximately 39.1%[27]. - The total comprehensive income attributable to the parent company was CNY 17,024,071.02, compared to CNY 16,283,924.71 in the previous year, showing an increase of about 4.5%[27]. Cash Flow - The net cash flow from operating activities decreased by 55.10% to ¥23,750,966.73 from ¥52,895,828.43 year-on-year[3]. - The company reported a significant decrease in cash received from operating activities, down 63.26% to ¥1,804.05 million, mainly due to reduced recoveries of operating deposits[11]. - Cash inflows from operating activities totaled CNY 752,979,771.67, up from CNY 709,547,323.73 year-over-year, indicating a growth of approximately 6.1%[30]. - The net cash flow from operating activities decreased to CNY 23,750,966.73 from CNY 52,895,828.43, reflecting a decline of about 55.8%[30]. - The cash flow from financing activities decreased by 84.5% to ¥38,601.96 million, primarily due to reduced bank borrowings compared to the previous year[12]. - The net cash flow from financing activities was negative at CNY -26,579,720.89, compared to CNY -31,319,485.85 in the previous year, showing an improvement of about 15.5%[31]. - Cash outflows from investing activities amounted to CNY 29,791,043.11, down from CNY 57,858,101.19, a reduction of approximately 48.6%[30]. Assets and Liabilities - The total assets at the end of the reporting period increased by 0.54% to ¥3,898,115,578.61 from ¥3,877,108,863.41 at the end of the previous year[3]. - The company's total assets as of March 31, 2023, amounted to CNY 3,898,115,578.61, compared to CNY 3,877,108,863.41 at the beginning of the year, showing a slight increase of about 0.54%[24]. - The total liabilities increased to CNY 2,304,620,657.89 from CNY 2,285,997,270.56, marking an increase of approximately 0.76%[24]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 75,946[15]. - The largest shareholder, Beiyinmei Group Co., Ltd., holds 18.19% of shares, totaling 196,418,500 shares, with 194,850,000 shares pledged[15]. - The company repurchased 28,412,298 shares, accounting for 2.63% of the total share capital[16]. Corporate Actions and Developments - The company plans to support the establishment of an industrial incubation fund by its wholly-owned subsidiary to enhance investment risk management[17]. - A proposal to establish a wholly-owned subsidiary in Taizhou with a registered capital of RMB 1 million was approved, but registration has been suspended due to business development adjustments[18]. - The company has completed the deregistration of five subsidiaries as part of its business development needs[19]. - The company is currently undergoing legal proceedings involving a claim of RMB 316.05 million and associated interest[19]. Financial Ratios and Metrics - The weighted average return on equity decreased by 0.33% to 0.79% compared to 1.12% in the same period last year[3]. - The company's inventory as of March 31, 2023, was CNY 405,260,935.46, slightly down from CNY 413,034,354.70 at the start of the year, indicating a decrease of approximately 1.84%[22]. - The company's capital reserve increased to CNY 1,446,574,558.13 from CNY 1,444,524,472.76, showing a growth of about 0.14%[24]. - The company’s total equity as of March 31, 2023, was CNY 1,593,494,920.72, a slight increase from CNY 1,591,111,592.85 at the beginning of the year, representing a growth of approximately 0.15%[24]. - The company reported a basic and diluted earnings per share of CNY 0.01, down from CNY 0.02 in the same quarter last year[27]. Financial Expenses - Financial expenses increased by 258.31% to ¥1,100.95 million due to higher exchange losses compared to the same period last year[9]. - The company reported a financial expense of CNY 15,271,516.92 for the first quarter, which is significantly higher than CNY 4,262,045.77 in the previous year, reflecting an increase of approximately 258%[26]. Tax and Refunds - The company received CNY 45,947.89 in tax refunds, significantly lower than CNY 1,717,432.60 received in the previous year[30]. Audit and Mergers - The company did not conduct any mergers or acquisitions during the reporting period, and the report was not audited[32].