TIANYOUDE(002646)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥396,286,561.20, a decrease of 6.23% compared to ¥422,610,806.56 in the same period last year[5] - Net profit attributable to shareholders was ¥77,148,436.56, down 29.46% from ¥109,596,489.75 year-on-year[5] - Basic and diluted earnings per share decreased by 29.43% to ¥0.1633 from ¥0.2319 in the previous year[5] - Total operating costs increased to CNY 296,619,897.87, up 4.5% from CNY 285,177,677.15 year-on-year[23] - The company's net profit margin decreased, with net profit not explicitly stated but implied to be affected by rising costs[23] - The net profit for Q1 2023 was CNY 77,084,925.86, a decrease of 29.2% compared to CNY 108,937,542.35 in Q1 2022[24] - The total profit for Q1 2023 was CNY 102,007,274.31, down from CNY 139,870,065.91 in the same period last year, representing a decline of 27.1%[24] - Operating income for Q1 2023 was CNY 101,955,163.71, compared to CNY 139,832,602.23 in Q1 2022, reflecting a decrease of 27.1%[24] - The total comprehensive income for Q1 2023 was CNY 77,565,935.99, compared to CNY 109,091,279.21 in Q1 2022, a decline of 29.0%[24] Cash Flow and Investments - Operating cash flow net amount was ¥59,166,281.08, reflecting a decline of 10.56% compared to ¥66,153,989.50 in the same period last year[5] - The net cash flow from investment activities was -¥118,812,220.76, a decline of 76.26% compared to -¥67,406,680.22 in the same period last year[14] - The cash flow from operating activities for Q1 2023 was CNY 59,166,281.08, down from CNY 66,153,989.50 in Q1 2022, a decline of 13.0%[25] - The cash flow from investing activities for Q1 2023 was -CNY 118,812,220.76, compared to -CNY 67,406,680.22 in Q1 2022, indicating an increase in cash outflow of 76.1%[26] - The company experienced a net cash decrease of CNY 63,462,151.45 in Q1 2023, compared to a decrease of CNY 51,660,476.20 in Q1 2022, indicating a worsening cash position[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,228,010,517.65, an increase of 0.96% from ¥3,197,371,611.91 at the end of the previous year[5] - The total assets increased to CNY 3,228,010,517.65 from CNY 3,197,335,380.59, reflecting a growth of 0.96%[22] - The total liabilities decreased to CNY 414,638,225.48 from CNY 461,529,024.41, a reduction of 10.1%[22] - The company's retained earnings increased to CNY 957,633,234.73 from CNY 880,484,798.17, an increase of 8.8%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,370[15] - The largest shareholder, Qinghai Tianyoude Technology Investment Management Group Co., Ltd., holds 44.28% of shares, totaling 209,233,440 shares, with 143,780,000 shares pledged[15] - The second-largest shareholder, China Bank Co., Ltd. -招商中证白酒指数分级证券投资基金, holds 3.12% of shares, totaling 14,736,501 shares[15] - The company has a total of 209,233,440 shares held by its controlling shareholder, which includes 197,233,440 shares through a regular securities account and 12,000,000 shares through a margin trading account[16] Corporate Governance - The company held its first temporary shareholders' meeting on March 16, 2023, electing a new board of directors and supervisory board members[17] - The first meeting of the fifth board of directors was held on March 17, 2023, where new executive positions were appointed, including the chairman and general manager[18] Tax and Financial Expenses - The company reported a 67.30% increase in taxes payable, amounting to ¥42,638,532.25, primarily due to increased corporate income tax[11] - The company reported a tax expense of CNY 24,922,348.45 for Q1 2023, down from CNY 30,932,523.56 in Q1 2022, a decrease of 19.4%[24] - Financial expenses surged by 296.25% to ¥1,608,778.51 due to increased exchange losses from USD fluctuations[12] Research and Development - Research and development expenses were CNY 2,783,384.83, slightly down from CNY 2,828,626.33, indicating a focus on cost management[23] Accounting Policies - The company has implemented changes in accounting policies effective January 1, 2023, which did not have a significant impact on the financial statements[6]