西部牧业(300106) - 2023 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2023 was CNY 282,326,439.25, a decrease of 4.87% compared to CNY 296,789,793.80 in the same period last year[3] - Net profit attributable to shareholders was CNY 2,177,215.48, down 4.70% from CNY 2,284,528.38 year-on-year[3] - Net profit excluding non-recurring items dropped significantly by 63.67% to CNY 1,038,670.25 from CNY 2,859,177.63 in the previous year[3] - Total operating revenue for Q1 2023 was ¥282,326,439.25, a decrease of 4.9% compared to ¥296,789,793.80 in Q1 2022[20] - Net profit for Q1 2023 reached ¥9,213,121.80, an increase of 21.7% from ¥7,567,780.80 in Q1 2022[21] - The company’s total comprehensive income for Q1 2023 was ¥9,213,121.80, compared to ¥7,567,780.80 in Q1 2022[22] Cash Flow - Cash flow from operating activities improved by 17.75%, reaching CNY -26,850,111.74 compared to CNY -32,646,382.04 last year[3] - The net cash flow from operating activities was -¥26,850,111.74, an improvement from -¥32,646,382.04 in Q1 2022[25] - The company reported a net cash inflow from financing activities of ¥8,242,126.67, down from ¥28,517,773.60 in the previous year[25] - The net increase in cash and cash equivalents for Q1 2023 was -20,503,902.07, compared to -7,521,839.06 in the same period last year[26] Assets and Liabilities - Total assets increased by 2.52% to CNY 1,220,155,454.68 from CNY 1,190,181,545.26 at the end of the previous year[3] - Total assets as of March 31, 2023, amounted to CNY 1,220,155,454.68, an increase from CNY 1,190,181,545.26 at the beginning of the year[15] - Current assets totaled CNY 708,859,929.78, up from CNY 664,493,420.47 at the start of the year, indicating a growth of approximately 6.4%[15] - Total liabilities as of March 31, 2023, were CNY 481,140,210.47, compared to CNY 460,379,422.85 at the beginning of the year, showing an increase of approximately 4.3%[17] - Short-term borrowings increased to CNY 205,000,000.00 from CNY 196,000,000.00, reflecting a rise of about 4.1%[17] - The company reported a total equity of CNY 739,015,244.21 as of March 31, 2023[17] Investments and Expenses - Research and development expenses decreased by 66.11% compared to the same period last year, indicating reduced investment in R&D[8] - Investment income fell by 286.25%, attributed to a decrease in equity method investment income from associated companies[8] - The company’s investment losses amounted to -¥4,460,721.63 in Q1 2023, compared to -¥1,154,876.33 in the same period last year[20] Other Financial Metrics - Cash and cash equivalents decreased to CNY 322,262,913.48 from CNY 342,766,815.55, reflecting a decline of about 6.5%[15] - Accounts receivable increased significantly to CNY 135,320,580.37 from CNY 84,240,572.05, representing a growth of approximately 60.7%[15] - Inventory rose to CNY 169,806,807.61 from CNY 147,060,946.96, marking an increase of about 15.5%[15] - Earnings per share for Q1 2023 were ¥0.0103, a slight decrease from ¥0.0108 in Q1 2022[22] Operational Changes - The company reported a 66.76% increase in construction in progress, primarily due to upgrades in the milk powder workshop and concentrated system installation[6] - Other operating income rose by 71.13%, mainly due to a subsidiary recognizing non-repayable debt as income[9] - Cash flow from investing activities increased by 44.13%, reflecting reduced cash outflow from fixed asset investments[9] Audit Status - The Q1 2023 report has not been audited[26]