Financial Performance - The company's revenue for Q1 2023 was CNY 3.66 billion, a decrease of 11.23% compared to CNY 4.12 billion in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was CNY 481.15 million, down 25.77% from CNY 648.21 million year-on-year[4] - Total operating revenue for the current period is approximately $3.66 billion, a decrease of about 11.2% from the previous period's $4.12 billion[14] - Net profit for the current period is approximately $481.15 million, a decline of about 25.8% compared to $648.21 million in the previous period[14] - The total profit for the current period is approximately $582.48 million, down from $812.68 million in the previous period[14] Cash Flow - The net cash flow from operating activities increased by 96.18% to CNY 739.22 million, compared to CNY 376.80 million in the previous year[4] - Cash inflow from operating activities totaled approximately $4.98 billion, an increase from $4.67 billion in the previous period[16] - The net cash flow from operating activities for Q1 2023 was ¥739,215,311.06, an increase of 96% compared to ¥376,803,163.53 in Q1 2022[17] - The total cash inflow from investment activities was ¥1,881,489,921.27, up from ¥1,846,751,380.49 in the previous year[17] - The net cash flow from investment activities was ¥96,783,478.42, a significant recovery from a negative cash flow of -¥224,858,046.85 in Q1 2022[17] - Cash inflow from financing activities reached ¥1,641,222,960.00, compared to ¥495,167,400.00 in the same period last year[17] - The net cash flow from financing activities was -¥2,059,084.07, a decline from a positive cash flow of ¥167,211,308.56 in Q1 2022[17] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 17.71 billion, an increase of 3.53% from CNY 17.11 billion at the end of the previous year[4] - The total assets of the company reached RMB 17,714,661,623.24 at the end of the first quarter, an increase from RMB 17,110,270,061.75 at the beginning of the year, reflecting a growth of approximately 3.54%[11] - The total liabilities of the company increased to RMB 4,122,257,233.62 from RMB 3,914,837,497.57, which is an increase of about 5.31%[12] - Current assets totaled RMB 11,797,578,908.14, up from RMB 11,504,083,480.18, indicating an increase of about 2.55%[11] Inventory and Loans - The company sold 39 million pairs of sports shoes in Q1 2023, a decrease of 24.65% year-on-year[6] - The company reported a significant increase in short-term loans by 71.26% to CNY 1.17 billion, driven by increased working capital needs[7] - Short-term borrowings rose significantly to RMB 1,169,714,636.97 from RMB 683,013,103.84, marking an increase of around 71.43%[12] - The company's inventory saw a substantial rise to RMB 3,182,548,948.85 from RMB 2,463,509,553.52, reflecting an increase of approximately 29.19%[11] Equity and Goodwill - The total equity attributable to the parent company reached RMB 13,592,404,389.62, up from RMB 13,195,432,564.18, indicating an increase of approximately 3.00%[12] - The goodwill increased to CNY 124.98 million due to the acquisition of a subsidiary during the reporting period[7] - The company completed the acquisition of Hero Heart International Limited, integrating its subsidiaries into the consolidated financial statements starting January 2023, with a total investment of USD 63 million[10] Other Financial Metrics - The weighted average return on equity decreased to 3.59%, down 2.17% from the previous year[4] - Research and development expenses increased to approximately $72.09 million, up 18.4% from $60.93 million in the previous period[14] - Basic and diluted earnings per share for the current period are both $0.41, down from $0.56 in the previous period[15] - Other comprehensive income after tax for the current period is approximately -$84.18 million, compared to -$10.77 million in the previous period[15] - Tax expenses for the current period are approximately $101.33 million, a decrease from $164.47 million in the previous period[14] - The company reported a decrease in accounts receivable from RMB 3,114,675,336.40 to RMB 2,120,121,726.69, which is a reduction of about 31.97%[11]
华利集团(300979) - 2023 Q1 - 季度财报