Financial Performance - The company's revenue for Q1 2023 was CNY 705 million, a decrease of 42.27% compared to CNY 1.22 billion in the same period last year[5] - Net profit attributable to shareholders was CNY 101 million, down 73.15% from CNY 376 million year-on-year[5] - The net cash flow from operating activities was CNY 93 million, a decline of 78.34% from CNY 429 million in the previous year[5] - Revenue for Q1 2023 was 705,008,310.46 RMB, a decrease of 42.27% compared to 1,221,199,779.32 RMB in Q1 2022, primarily due to weak consumer demand and slow sales recovery[21] - Operating profit for Q1 2023 was CNY 120,693,624.55, a decline of 74.2% compared to CNY 468,554,350.52 in Q1 2022[38] - The net profit for Q1 2023 was CNY 100,931,877.53, a decrease of 73.1% compared to CNY 375,842,072.65 in the same period last year[39] - Total comprehensive income for Q1 2023 was CNY 99,664,232.59, down from CNY 375,243,566.43 year-over-year[39] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.25, down from CNY 0.94 in the previous year[39] Cash Flow and Investments - Cash and cash equivalents increased by 78.95% to CNY 934 million, primarily due to the redemption of financial products[18] - Cash flow from investing activities improved by 108.77% to 357,418,732.37 RMB, due to an increase in the redemption of financial products[21] - The company reported a net increase in cash and cash equivalents of 412,312,456.49 RMB, a turnaround from a decrease of 3,725,057,331.80 RMB in the previous year[21] - Cash inflow from investment activities was CNY 3,855,737,074.22, significantly higher than CNY 640,320,206.35 in the previous year[42] - The net cash flow from investment activities was CNY 357,418,732.37, recovering from a negative CNY 4,075,829,929.03 in the same quarter last year[42] - The cash and cash equivalents at the end of Q1 2023 totaled CNY 933,937,487.11, compared to CNY 1,016,453,121.65 at the end of Q1 2022[43] Operational Metrics - The company opened 8 new stores during the reporting period, while closing 10, resulting in a net decrease of 2 stores, bringing the total to 686 stores[11] - Online self-operated revenue was CNY 63 million, accounting for 8.88% of total revenue, while offline direct sales generated CNY 585 million, representing 82.97%[9] - Operating costs decreased by 39.77% to 212,452,613.19 RMB from 352,714,181.59 RMB, attributed to the decline in sales[21] - Total operating costs for Q1 2023 were CNY 648,131,480.19, down 19% from CNY 800,097,359.23 in Q1 2022[38] - The company reported a decrease in cash received from sales and services to CNY 741,101,747.10, down 44.1% from CNY 1,328,202,663.51 in Q1 2022[42] - The total operating cash outflow was CNY 661,279,110.82, a reduction from CNY 925,326,657.76 in the same period last year[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8.73 billion, a decrease of 0.93% from CNY 8.82 billion at the end of the previous year[5] - Total assets decreased to CNY 8,733,466,223.78 from CNY 8,815,748,380.27 at the beginning of the year, a decline of 0.9%[34] - Total liabilities decreased to CNY 1,830,533,869.41 from CNY 2,012,702,176.31, a reduction of 9%[34] - Non-current assets increased to CNY 1,818,155,049.20 from CNY 1,666,752,302.24, an increase of 9.1%[34] - Accounts payable decreased by 44.07% to 48,590,817.59 RMB, attributed to reduced procurement during the period[20] Research and Development - R&D expenses increased by 34.57% to 5,443,135.52 RMB, driven by higher investments in information technology and jewelry development[21] - Research and development expenses for Q1 2023 were CNY 5,443,135.52, up from CNY 4,044,917.36 in Q1 2022, indicating a focus on innovation[38] Challenges and Market Conditions - The company faced challenges in sales recovery due to external economic pressures and high fixed costs, impacting overall performance[9] - The company reported a significant decline in non-recurring gains and losses, totaling CNY 50 million for the period[7] - Other comprehensive income decreased by 31.74% to 2,725,609.06 RMB, primarily due to foreign currency translation differences[20]
迪阿股份(301177) - 2023 Q1 - 季度财报