华业香料(300886) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥66,247,446.22, representing a 16.73% increase compared to ¥56,752,451.78 in the same period last year[5] - Net profit attributable to shareholders decreased by 75.72% to ¥1,685,931.63 from ¥6,943,636.62 year-on-year[5] - Basic earnings per share fell by 75.73% to ¥0.0226 from ¥0.0931 in the previous year[5] - The total profit for the period dropped by 74.83% to ¥1,995,448.45 from ¥7,926,856.77 in the same quarter last year[9] - Net profit for Q1 2023 was CNY 1,686,051.58, a decrease of 75.7% from CNY 6,943,636.62 in Q1 2022[24] - Earnings per share for Q1 2023 were CNY 0.0226, down from CNY 0.0931 in Q1 2022[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥6,302,783.90, a decline of 165.97% compared to ¥9,553,955.81 in Q1 2022[10] - Cash flow from operating activities for Q1 2023 was negative CNY 6,302,783.90, compared to positive CNY 9,553,955.81 in Q1 2022[26] - The net cash flow from investment activities was -31,303,680.43 CNY, compared to a positive cash flow of 54,591,960.65 CNY in the previous period[27] - The total cash and cash equivalents at the end of the period were 78,857,804.99 CNY, down from 123,974,318.03 CNY at the beginning of the period[27] - The company reported a decrease in cash and cash equivalents by 38,384,275.09 CNY during the quarter[27] - The company had a cash outflow of 150,000.00 CNY for debt repayment during the quarter[27] - The impact of exchange rate changes on cash and cash equivalents was a negative 546,135.76 CNY[27] Assets and Liabilities - Total assets decreased by 2.42% to ¥601,280,111.92 from ¥616,169,061.01 at the end of the previous year[5] - Current assets totaled CNY 307,338,235.45, down from CNY 318,989,959.18 at the beginning of the year, indicating a decline of approximately 5.2%[20] - Cash and cash equivalents decreased to CNY 78,857,804.99 from CNY 117,242,080.08, representing a decline of about 32.7%[19] - Accounts receivable stood at CNY 71,143,886.87, slightly down from CNY 75,169,138.54, reflecting a decrease of approximately 5.4%[19] - Inventory increased to CNY 121,591,207.00 from CNY 110,586,877.95, marking an increase of about 10%[19] - Current liabilities decreased to CNY 44,667,909.22 from CNY 61,434,894.52, a reduction of approximately 27.2%[20] - The total liabilities as of Q1 2023 were CNY 58,942,372.07, down from CNY 76,095,738.27 in the previous year[21] - The company reported a significant increase in other current assets by 1618.21% to ¥21,994,270.23, primarily due to the purchase of financial products[8] - The company reported a significant reduction in accounts payable from CNY 38,443,363.43 to CNY 27,058,709.56, a decrease of approximately 29.7%[20] Expenses and Costs - Total operating costs for Q1 2023 were CNY 65,473,507.32, up 26.3% from CNY 51,828,894.50 in the same period last year[23] - Research and development expenses for Q1 2023 were CNY 3,346,495.59, an increase from CNY 3,050,517.36 in Q1 2022[23] - The company reported a decrease in other income to CNY 382,964.27 from CNY 1,673,573.78 in the previous year[24] - The company’s financial expenses increased by 400.73% to ¥879,773.39 due to exchange rate fluctuations[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,451[12] - The company has a total of 41,410,850.00 shares under lock-up conditions, with no new shares added during the reporting period[16] - The total equity attributable to shareholders of the parent company was CNY 542,307,664.92, slightly up from CNY 540,043,367.76 in Q1 2022[21] Government Support and Incentives - The company received government subsidies amounting to ¥370,094.19, which contributed to its non-recurring gains[6] - The company plans to implement a stock incentive plan, which was approved in late 2022, to enhance employee motivation and retention[17] Audit and Reliability - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[28] Market and Product Development - The company did not report any new product developments or market expansion strategies in the provided data[27]