*ST佳沃(300268) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,457,226,353.84, representing a 19.13% increase compared to ¥1,223,196,377.86 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥151,806,993.54, a decrease of 237.86% from a profit of ¥110,118,183.37 in the previous year[4] - The company's basic and diluted earnings per share were both ¥-0.8715, compared to ¥0.6321 in the same period last year, reflecting a decrease of 237.87%[4] - In Q1 2023, Jiayou Foods reported a net loss of CNY 172.85 million, compared to a net profit of CNY 149.28 million in Q1 2022, marking a significant decline[40] - The company's operating profit turned negative at CNY -225.43 million, down from a profit of CNY 163.26 million in the same period last year[40] - The company reported a total comprehensive loss of CNY 178.25 million, compared to a comprehensive income of CNY 142.20 million in the same quarter last year[41] Cash Flow and Investments - The net cash flow from operating activities was ¥122,840,072.27, down 8.76% from ¥134,637,920.07 in the same period last year[4] - The net cash flow from investing activities increased by ¥89,000,000, a rise of 62.61%, due to reduced infrastructure investments in overseas subsidiaries[7] - Jiayou Foods' investment activities resulted in a net cash outflow of CNY 53.01 million, compared to a larger outflow of CNY 141.78 million in Q1 2022[44] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,735,308,972.01, a decrease of 3.69% from ¥11,146,048,632.43 at the end of the previous year[4] - The equity attributable to shareholders was negative at ¥-448,414,279.06, a decline of 48.78% from ¥-301,388,786.75 at the end of the previous year[4] - The company's total assets decreased from 11,146,048,632.43 at the beginning of the year to 10,735,308,972.01 by the end of Q1 2023[37] - The total liabilities decreased from 11,209,782,933.45 at the beginning of the year to 10,968,068,333.29 by the end of Q1 2023[37] Operational Costs - The company's operating costs increased by ¥382,000,000, a rise of 37.22%, primarily due to increased sales and unit costs from overseas subsidiaries[7] - Total operating costs rose to 1,632,379,884.78 in Q1 2023, compared to 1,220,872,056.57 in Q1 2022, reflecting increased operational expenses[38] - The company faces ongoing inflationary pressures affecting operational costs, including labor and logistics[25] Revenue and Sales - Australis achieved revenue of RMB 1.069 billion in Q1 2023, a year-on-year increase of 29%[13] - Total revenue from sales reached CNY 1.58 billion, an increase from CNY 1.24 billion in Q1 2022, reflecting a growth of approximately 28%[43] - The sales volume for Australis in Q1 2023 was 22,026 tons, an increase of 21% year-on-year[15] Harvest and Production - The total harvest volume for Australis in Q1 2023 was 16,553 tons, a decrease of 17% year-on-year[15] - The expected harvest volume for Q2 2023 is 1,000 tons, with an annual forecast of 6,000 tons[27] - The expected sales volume for Q2 2023 is 2,100 tons, with an annual forecast of 7,000 tons[27] Financial Expenses - Interest expenses increased by 30% year-over-year, reaching 10,214.78 million in Q1 2023 compared to 7,846.68 million in Q1 2022[29] - The company continues to face high interest rates, impacting financial expenses significantly[30] - The company incurred financial expenses of CNY 112.02 million, up from CNY 108.46 million in the prior year, with interest expenses rising to CNY 102.15 million from CNY 78.47 million[40] Exchange and Other Income - The company reported a significant decrease in non-operating income, down ¥11,021,000, a decline of 85.34%, due to the absence of last year's one-time gains from subsidiary debt cancellations[7] - Exchange loss decreased significantly by 97%, from -2,772.50 million in Q1 2022 to -92.52 million in Q1 2023[31] - The company experienced a foreign exchange loss of CNY 1.57 million during the quarter, contrasting with a gain of CNY 0.85 million in the previous year[44]