CBC(SZ:200017)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥151,527,917.92, representing a 201.57% increase compared to ¥50,246,951.40 in the same period last year[3] - Net profit attributable to shareholders was ¥2,848,657.72, a significant turnaround from a loss of ¥903,991.16 in the previous year, marking a 415.12% increase[3] - The net profit after deducting non-recurring gains and losses was ¥3,066,157.71, compared to a loss of ¥1,190,923.81 last year, reflecting a 357.46% improvement[3] - Basic and diluted earnings per share increased to ¥0.0041 from a loss of ¥0.0016, representing a 356.25% increase[3] - Total operating revenue for Q1 2023 reached CNY 151.53 million, a significant increase from CNY 50.25 million in the same period last year, representing a growth of 201.5%[18] - Net profit for Q1 2023 was CNY 3.56 million, a turnaround from a net loss of CNY 0.73 million in the same period last year[19] - Total comprehensive income for the first quarter was CNY 3,561,099.96, a decrease of 20.4% compared to the previous period[20] - The net profit attributable to the parent company was CNY 2,848,657.72, down 31.7% year-over-year[20] - Basic and diluted earnings per share were both CNY 0.0041, compared to CNY -0.0016 in the previous period[20] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥7,545,878.64, which is a 15.50% improvement from the outflow of ¥8,930,326.51 in the previous year[3] - Cash inflow from operating activities totaled CNY 291,774,127.59, significantly up from CNY 63,381,267.76 in the previous period, representing an increase of 360.5%[23] - Cash outflow from operating activities was CNY 299,320,006.23, compared to CNY 72,311,594.27 in the previous period, marking an increase of 314.5%[23] - Net cash flow from operating activities was CNY -7,545,878.64, an improvement from CNY -8,930,326.51 in the previous period[23] - The ending balance of cash and cash equivalents was CNY 43,376,990.71, compared to CNY 24,173,752.51 at the end of the previous period, an increase of 79.6%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥395,857,898.71, a slight decrease of 0.35% from ¥397,253,487.93 at the end of the previous year[3] - Total assets as of March 31, 2023, were CNY 395.86 million, slightly down from CNY 397.25 million at the beginning of the year[16] - Total liabilities decreased to CNY 87.45 million from CNY 92.41 million, a decline of 5.3%[16] Accounts Receivable and Inventory - Accounts receivable decreased by 44.75% to ¥138,170,643.10, indicating improved cash collection[8] - The company's accounts receivable decreased to CNY 138.17 million from CNY 250.07 million at the beginning of the year, a reduction of 44.7%[14] - Inventory increased by 227.80% to ¥158,022,696.51, reflecting a strategy to increase stock levels[8] - Inventory levels increased significantly to CNY 158.02 million from CNY 48.21 million, marking a rise of 228.5%[14] Expenses - Management expenses rose by 48.30% to ¥2,378,689.86, correlating with the increase in revenue[8] - The company reported a significant increase in management expenses to CNY 2.38 million from CNY 1.60 million, an increase of 48.5%[19] Litigation and Impairment - The company is currently involved in litigation concerning a sales contract dispute, with a total claim amount of CNY 24.97 million, and has already recognized an 80% credit impairment for this receivable[12] - The company has recognized a credit impairment loss of CNY 331.91 thousand in Q1 2023, compared to CNY 60.00 thousand in the previous year[19] Audit Status - The report was not audited, indicating that the figures may be subject to change upon final review[25]