BYBON(SZ:300736)2023-04-23 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 138,933,494.71, representing a 142.54% increase compared to CNY 57,283,202.38 in the same period last year[5] - Net profit attributable to shareholders was CNY 418,348.97, a turnaround from a net loss of CNY 8,640,914.29 in the previous year, marking a 104.84% improvement[5] - The company's basic earnings per share increased to CNY 0.0032 from a loss of CNY 0.0664, reflecting a 104.82% increase[5] - Total operating revenue for Q1 2023 reached ¥138,933,494.71, a significant increase from ¥57,283,202.38 in the same period last year, representing an increase of 142.5%[21] - The net profit for Q1 2023 was ¥418,348.97, a turnaround from a net loss of ¥8,640,914.29 in Q1 2022[23] - The operating profit for Q1 2023 was ¥429,538.59, compared to an operating loss of ¥10,280,910.29 in the same quarter last year[22] - The company reported a total comprehensive income of ¥418,348.97 for Q1 2023, reversing from a comprehensive loss of ¥8,640,914.29 in the same quarter last year[23] Cash Flow and Liquidity - Operating cash flow for Q1 2023 was a net outflow of CNY 9,367,628.83, which is a 250.40% increase in cash outflow compared to the previous year[12] - The company's cash and cash equivalents decreased from ¥59,682,523.72 at the beginning of the year to ¥30,163,672.04 at the end of the reporting period, a decline of approximately 49.5%[18] - The net cash flow from operating activities was -9,367,628.83 CNY, compared to -2,673,384.72 CNY in the previous year, indicating a decline in operational cash generation[26] - The total cash and cash equivalents at the end of the period were 22,003,156.04 CNY, down from 41,991,019.84 CNY at the beginning of the period[27] - The company reported a total cash inflow from operating activities of 162,714,660.66 CNY, while cash outflow was 172,082,289.49 CNY, leading to a negative cash flow from operations[26] - The cash flow from other operating activities was 19,738,455.53 CNY, showing some operational cash generation despite overall negative cash flow[26] - The company’s cash flow management reflects challenges in maintaining positive cash flow amidst operational and investment activities[26] Assets and Liabilities - The company's total assets decreased by 11.03% to CNY 172,631,008.75 from CNY 194,029,101.67 at the end of the previous year[5] - Total current liabilities include accounts payable of ¥788,555.16, down from ¥1,452,043.75[18] - The total liabilities decreased to ¥46,641,831.44 in Q1 2023 from ¥69,291,673.33 in the previous year, a reduction of 32.5%[22] - The total equity attributable to shareholders increased to ¥125,989,177.31 in Q1 2023 from ¥124,737,428.34 in Q1 2022, showing a growth of 1.0%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,191[14] - The largest shareholder, Beijing Da'an Century Investment Management Co., Ltd., holds 24.36% of shares, totaling 31,683,863 shares[14] - The total number of shares held by the top ten unrestricted shareholders is 31,683,863, with Beijing Da'an Century Investment Management Co., Ltd. being the largest[15] Research and Development - Research and development expenses rose to CNY 3,473,600, an increase of 268.56% year-over-year, indicating continued investment in digital capabilities[10] - Research and development expenses increased to ¥3,473,617.97 in Q1 2023, up from ¥942,493.82 in Q1 2022, reflecting a growth of 268.5%[22] - The company has successfully transitioned its development expenditures to intangible assets, resulting in a zero balance for development expenses as of March 31, 2023[9] Inventory and Receivables - The inventory balance increased by 47.69% to CNY 20,390,900, driven by a significant rise in sales revenue[9] - Accounts receivable increased from ¥6,965,522.78 to ¥7,788,508.36, representing an increase of about 11.8%[18] - Inventory rose significantly from ¥13,806,305.28 to ¥20,390,920.18, marking an increase of approximately 47.6%[18] Other Income and Expenses - The company received government subsidies amounting to CNY 810,000, contributing to a 1626.17% increase in other income to CNY 886,300[11] - The company reported a significant increase in tax and additional charges, totaling CNY 613,100, which is a 290.56% increase compared to the previous year[10] - The company paid 19,880,200.00 CNY for debt repayment during the financing activities, indicating a focus on reducing liabilities[26]