品渥食品(300892) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥272,974,195.20, a decrease of 10.88% compared to ¥306,283,335.73 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥21,725,954.36, representing a decline of 393.20% from a profit of ¥7,409,883.40 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 272,974,195.20, a decrease of 10.8% compared to CNY 306,283,335.73 in the same period last year[22] - Net profit for Q1 2023 was a loss of CNY 21,725,954.36, compared to a profit of CNY 7,409,883.40 in Q1 2022, representing a significant decline[23] - The company reported a total comprehensive loss of CNY 21,728,810.84 for Q1 2023, compared to a comprehensive income of CNY 7,384,504.09 in Q1 2022[23] Cash Flow - The net cash flow from operating activities improved to ¥27,986,424.92, a significant increase of 111.09% from a negative cash flow of ¥252,380,533.52 in the same period last year[5] - Operating cash flow generated was CNY 27,986,424.92, a recovery from a negative cash flow of CNY -252,380,533.52 in the previous year[26] - Cash inflow from operating activities totaled CNY 351,254,030.38, an increase from CNY 298,520,048.54 in the previous year[26] - The net cash flow from investing activities for Q1 2023 was 21,667,251.52, a decrease from 65,792,714.13 in Q1 2022[27] - The total cash outflow from financing activities was 19,295,109.08, compared to 21,413,116.77 in the previous year[27] - The net cash flow from financing activities was -12,903,160.06, indicating a decline from -21,413,116.77 year-over-year[27] - The net increase in cash and cash equivalents for Q1 2023 was 36,894,539.11, contrasting with a decrease of 208,001,848.74 in Q1 2022[27] - The ending balance of cash and cash equivalents as of Q1 2023 was 397,734,521.07, up from 217,227,602.40 in the same period last year[27] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,386,207,634.04, a decrease of 4.01% from ¥1,444,107,122.54 at the end of the previous year[5] - The company's equity attributable to shareholders decreased by 1.80% to ¥1,125,082,226.82 from ¥1,145,739,884.30 at the end of the previous year[5] - Current assets decreased from CNY 1,064,949,393.84 to CNY 988,783,967.76, with cash and cash equivalents increasing to CNY 412,357,283.92 from CNY 377,995,944.81[18] - Total liabilities decreased from CNY 298,367,238.24 to CNY 261,125,407.22, indicating a reduction in financial obligations[19] - The company reported a significant reduction in accounts payable from CNY 182,701,468.13 to CNY 167,014,957.92, suggesting improved payment practices[19] Shareholder Information - The number of restricted shares held by major shareholders remains high, with Wang Mu holding 45,000,000 shares, representing 45.00% of total shares[15] - The company has a total of 68,351,250 restricted shares at the end of the period, down from 69,375,000 shares at the beginning of the period[16] Operational Insights - The company reported a significant increase in construction in progress, rising by 297.98% to ¥18,875,623.29 due to investments in a cheese factory[10] - The company experienced a 31.61% decrease in accounts receivable, amounting to ¥90,395,083.28, primarily due to the collection of receivables during the period[10] - The company recorded a 278.39% increase in fair value gains, totaling ¥840,164.38, attributed to increased investments in financial products[10] - The company reported a loss in income tax expenses of -211.28%, amounting to -¥5,952,468.76, due to a decrease in profits[10] - Research and development expenses decreased to CNY 89,607.60, down 65.2% from CNY 257,668.30 in the same period last year[22] - The management indicated a commitment to improving operational efficiency and reducing costs in response to market conditions[19] - The company plans to maintain its focus on market expansion and new product development in the upcoming quarters[19] Earnings Per Share - The basic and diluted earnings per share were both -¥0.22, down 414.29% from ¥0.07 in the previous year[5] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.22, compared to CNY 0.07 in the same period last year[24]