Financial Performance - The company's revenue for Q1 2023 was CNY 427,137,933.05, representing a slight increase of 0.72% compared to CNY 424,093,496.14 in the same period last year[5] - Net profit attributable to shareholders decreased by 29.27% to CNY 13,587,699.75 from CNY 19,209,590.08 year-on-year[5] - Basic and diluted earnings per share fell by 46.43% to CNY 0.15 from CNY 0.28 in the same period last year[5] - The company reported a net profit of CNY 13,898,435.68 for Q1 2023, compared to CNY 24,183,739.88 in Q1 2022, reflecting a decline of 42.5%[18] - The company's net profit for Q1 2023 was CNY 13,543,949.38, a decrease of 29.4% compared to CNY 19,160,575.41 in Q1 2022[19] - Operating profit for Q1 2023 was CNY 15,788,523.87, down 33.4% from CNY 23,634,992.22 in the same period last year[19] - Total comprehensive income for Q1 2023 was CNY 14,456,753.57, a decline of 26.4% from CNY 19,494,104.58 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was significantly negative at CNY -374,526,356.69, a decline of 93,459.38% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was negative CNY 374,526,356.69, compared to a positive CNY 401,166.28 in Q1 2022[21] - The cash outflow from operating activities increased by 67.93% to 809,992,637.57 yuan, primarily due to a significant increase in pet food procurement payments[10] - The cash and cash equivalents at the end of the period increased by 197.30% to 560,937,150.97 yuan, mainly due to the inflow of raised funds[10] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 560,937,150.97, down from CNY 188,677,618.42 at the end of Q1 2022[22] - Cash flow from investing activities showed a net outflow of CNY 14,857,878.15 in Q1 2023, compared to a net outflow of CNY 6,113,932.32 in Q1 2022[22] - Cash flow from financing activities generated a net inflow of CNY 330,394,938.37 in Q1 2023, significantly up from CNY 16,638,449.27 in the previous year[22] Assets and Liabilities - Total assets increased by 13.43% to CNY 2,652,443,336.06 from CNY 2,338,435,189.42 at the end of the previous year[5] - Total liabilities increased to CNY 732,810,982.66, up 69.5% from CNY 432,607,694.82 at the beginning of the year[17] - The company reported a significant increase in inventory, which rose by 81.57% to CNY 688,170,627.37 due to a longer procurement cycle for pet food[8] - Inventory increased significantly to CNY 688,170,627.37, up 81.5% from CNY 379,003,527.46 at the beginning of the year[15] Research and Development - Research and development expenses rose by 46.25% to CNY 5,923,873.37 compared to CNY 4,050,475.33 in the previous year[9] - Research and development expenses for Q1 2023 were CNY 5,923,873.37, an increase of 46.2% from CNY 4,050,475.33 in the previous year[18] Shareholder Information - The total number of ordinary shareholders at the end of the report period is 20,175[12] - The top shareholder, Xue Yuanchao, holds 21,851,978 shares, accounting for 24.28% of the total shares[12] Other Financial Metrics - The weighted average return on equity decreased to 0.71% from 2.47% in the previous year[5] - The income tax expense decreased by 51.58% to 2,244,574.49 yuan, resulting from a decline in total profit compared to the same period last year[10] - The other comprehensive income attributable to the owners of the parent company increased by 181.97% to 891,686.50 yuan, due to an increase in foreign currency translation differences[10] - Total operating costs for Q1 2023 were CNY 413,239,497.37, up 3.3% from CNY 399,909,756.26 in Q1 2022[18] - Gross profit margin for Q1 2023 was approximately 3.3%, compared to 5.7% in Q1 2022, indicating a decrease in profitability[18]
天元宠物(301335) - 2023 Q1 - 季度财报