Andawell(SZ:300719)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥100,003,998.13, representing a 63.17% increase compared to ¥61,289,581.61 in the same period last year[5] - Net profit attributable to shareholders was ¥640,088.76, a significant turnaround from a net loss of ¥12,529,218.12 in the previous year, marking a 105.11% improvement[5] - Basic and diluted earnings per share were both ¥0.0025, a recovery from a loss of ¥0.0493 per share in the same period last year, reflecting a 105.07% increase[5] - The company reported a significant increase of 2,358.91% in tax refunds received, amounting to ¥7,806,564.57, compared to the previous year[11] - The total comprehensive income for the quarter was ¥640,088.76, a significant recovery from a comprehensive loss of ¥12,529,218.12 in Q1 2022[23] Cash Flow and Operating Activities - The net cash flow from operating activities improved by 85.40%, with a net outflow of ¥9,952,991.02 compared to ¥68,150,039.93 in the previous year[5] - Cash received from sales of goods and services increased by 69.35% to ¥125,439,544.53, indicating improved cash flow from operations[11] - Cash flow from operating activities showed a net outflow of ¥9,952,991.02, an improvement from a net outflow of ¥68,150,039.93 in the previous year, reflecting better cash management[27] - The company did not engage in any significant investment activities during the quarter, with cash outflow for investment activities amounting to ¥946,982.68[27] - The company reported no cash inflow from financing activities, with cash outflow totaling ¥3,007,393.82, compared to ¥22,903,707.37 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,245,369,627.79, a slight increase of 0.36% from ¥1,240,929,929.88 at the end of the previous year[5] - Total liabilities increased to ¥271,748,770.23, compared to ¥270,149,875.70 at the beginning of the year[21] - Cash and cash equivalents at the end of Q1 2023 were ¥193,849,244.77, down 6.4% from ¥207,756,612.29 at the beginning of the year[20] - Accounts receivable increased to ¥503,018,288.33, up 4.3% from ¥481,529,837.35 at the start of the year[20] - Inventory levels rose to ¥305,389,158.31, an increase of 7.8% from ¥283,329,922.27 at the beginning of the year[20] Operating Costs and Expenses - The company reported a 90.65% increase in operating costs, amounting to ¥55,213,113.86, driven by the rise in revenue[9] - Total operating costs for Q1 2023 were ¥108,360,557.12, up 38.5% from ¥78,249,740.60 in Q1 2022[22] - The company experienced a 338.15% increase in taxes and surcharges, totaling ¥1,016,622.42, correlating with the rise in revenue[9] - The company's net profit margin decreased, with a net profit of ¥-8,356,558.99 reported for Q1 2023 compared to a profit in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,354[14] - The largest shareholder, Zhao Zi'an, holds 35.17% of the shares, totaling 89,817,478 shares[14] - The company has a total of 74,198,993 restricted shares at the end of the reporting period, with no new restrictions added during the period[16] - The company’s management consulting subsidiary holds 6.61% of the shares, totaling 16,866,494 shares[14] Future Outlook - The company plans to continue focusing on increasing sales and optimizing cash flow management in the upcoming quarters[12] - The company has not reported any new product launches or significant market expansions during this quarter[22] Audit Status - The company has not undergone an audit for the Q1 2023 report[28]