小熊电器(002959) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,251,206,993.96, representing a 28.07% increase compared to ¥976,971,418.36 in the same period last year[5] - Net profit attributable to shareholders was ¥164,852,468.99, a 58.27% increase from ¥104,160,549.33 year-on-year[5] - The basic earnings per share increased to ¥1.0567, up 58.26% from ¥0.6677 in the previous year[5] - The net profit for Q1 2023 was CNY 164,901,160.83, representing an increase of 58.4% compared to CNY 104,097,592.65 in Q1 2022[21] - The operating profit for Q1 2023 was CNY 201,663,033.26, up from CNY 128,591,319.81 in the same period last year, indicating a growth of 56.7%[21] - Total revenue from sales of goods and services received in Q1 2023 was CNY 1,400,897,539.20, compared to CNY 1,108,661,866.10 in Q1 2022, marking an increase of 26.2%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,915,635,716.16, a 0.88% increase from ¥4,872,769,753.98 at the end of the previous year[5] - The total assets as of March 31, 2023, were RMB 4,915,635,716.16, compared to RMB 4,872,769,753.98 at the start of the year[19] - The total liabilities decreased to RMB 2,381,828,655.03 from RMB 2,506,187,867.04 at the beginning of the year[19] Cash Flow - The company reported a net cash flow from operating activities of ¥210,362,639.09, down 2.97% from ¥216,812,365.06 in the same period last year[5] - The cash flow from operating activities for Q1 2023 was CNY 210,362,639.09, slightly down from CNY 216,812,365.06 in Q1 2022[24] - The company reported a net cash outflow from investing activities of CNY -365,549,575.32 in Q1 2023, compared to CNY -133,240,944.83 in Q1 2022[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,827[12] - The largest shareholder, Foshan Zhaofeng Investment Co., Ltd., holds 44.41% of the shares, amounting to 69,287,400 shares[12] Operating Costs and Expenses - The total operating costs for Q1 2023 were RMB 1,040,733,493.61, up from RMB 834,563,924.43 in the previous year, reflecting a 25% increase[20] - Sales expenses increased to CNY 194,737,332.72 in Q1 2023 from CNY 155,479,664.75 in Q1 2022, an increase of 25.3%[21] Investments and Financial Management - The company’s financial assets increased by 32.55% to ¥968,149,136.93 due to the purchase of wealth management products[10] - Accounts receivable rose by 44.77% to ¥96,087,648.11, primarily due to receivables not yet settled[10] - The company received government subsidies amounting to ¥4,518,070.46, a 220.93% increase compared to ¥1,407,803.41 in the previous year[10] - The company has initiated a convertible bond conversion process as of February 15, 2023, indicating potential future capital raising[15] - The company is actively managing its short-term borrowings, reducing them from RMB 220,000,000.00 to RMB 100,000,000.00[19] Inventory and Research - Inventory at the end of Q1 2023 was RMB 564,564,626.60, down from RMB 650,852,698.05 at the beginning of the year, indicating a reduction of approximately 13%[18] - Research and development expenses increased to CNY 31,463,920.36 in Q1 2023 from CNY 29,416,466.18 in Q1 2022, reflecting a growth of 6.9%[21]