Deluxe Family(600503)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 10,456,795.39, representing a year-on-year increase of 53.82%[6] - The net profit attributable to shareholders was a loss of CNY 12,467,489.57, a decrease of 119.22% compared to the same period last year[6] - The basic earnings per share (EPS) was -CNY 0.0078, reflecting a decline of 119.26% year-on-year[7] - Operating profit for Q1 2023 was -¥20,770,256.22, a decline from the operating profit of ¥63,724,607.05 in Q1 2022[19] - Net profit for Q1 2023 was -¥13,362,952.62, compared to a net profit of ¥63,789,861.02 in the same period last year[19] - The company reported a significant increase in tax expenses, rising to ¥81,717,400.58 in Q1 2023 from ¥2,601,197.30 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -CNY 126,102,142.83, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of -¥126,102,142.83, worsening from -¥21,105,567.09 in Q1 2022[21] - The net cash flow from investing activities was 745,594,000.00 RMB, while cash outflows for investing activities totaled 46,500.00 RMB[22] - The net cash flow from financing activities was -205,598,011.33 RMB, with cash inflows from financing activities amounting to 35,000,000.00 RMB[22] - The total cash and cash equivalents at the end of the period were 1,069,107,780.82 RMB, down from 1,400,062,340.98 RMB at the beginning of the period, reflecting a decrease of 330,954,560.16 RMB[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,539,989,841.01, down 6.90% from the end of the previous year[7] - As of March 31, 2023, the total assets of the company amounted to CNY 4,539,989,841.01, a decrease from CNY 4,876,568,561.16 as of December 31, 2022, representing a decline of approximately 6.9%[15] - The company's current assets totaled CNY 3,244,880,872.92, down from CNY 3,579,534,237.16, indicating a decrease of about 9.4%[16] - The company's total liabilities decreased to CNY 869,378,520.18 from CNY 1,192,594,287.71, marking a reduction of about 27.1%[17] - The total current liabilities were reported at CNY 848,979,674.10, down from CNY 1,171,745,607.45, indicating a decrease of approximately 27.5%[17] - The total assets and liabilities amounted to ¥4,539,989,841.01, down from ¥4,876,568,561.16 in the previous year[18] Equity - The total equity attributable to the parent company was CNY 3,702,270,825.96, down from CNY 3,714,738,315.53, a slight decrease of approximately 0.3%[17] - The total equity attributable to shareholders was 3,714,738,315.53 RMB, while total equity was 3,683,974,273.45 RMB[27] Operational Insights - The increase in operating revenue was mainly due to a rise in the area of property projects recognized by subsidiaries[9] - The company did not receive dividends from Xiamen International Bank in the current period, which contributed to the decline in net profit[9] - The company plans to focus on expanding its property projects and improving cash flow management in the upcoming quarters[9] - The company plans to focus on market expansion and new product development in the upcoming quarters[20] - Total operating costs for Q1 2023 were ¥31,225,177.19, down from ¥36,280,896.12 in Q1 2022, indicating a cost reduction strategy[18] - Research and development expenses decreased to ¥282,855.17 from ¥1,207,131.26 in Q1 2022, reflecting a shift in investment focus[18] Accounting Changes - The company has implemented new accounting standards starting from January 1, 2023, affecting the financial statements[22]