Peacebird(603877)2025-04-10 09:10Financial Performance - The company's revenue for Q1 2025 was CNY 1,667,974,604.93, a decrease of 7.63% compared to CNY 1,805,673,197.46 in the same period last year[7] - Net profit attributable to shareholders was CNY 123,881,397.20, down 21.97% from CNY 158,764,894.92 year-on-year[7] - Basic earnings per share decreased by 23.53% to CNY 0.26 from CNY 0.34 in the previous year[8] - Total revenue for the first quarter of 2025 was CNY 1,646,612,592.88, a decrease of 8.42% year-over-year[16] - Total operating revenue for Q1 2025 was CNY 1,667,974,604.93, a decrease of 7.6% compared to CNY 1,805,673,197.46 in Q1 2024[30] - Net profit for Q1 2025 was CNY 123,541,735.20, a decline of 22.0% from CNY 158,382,101.34 in Q1 2024[31] - Basic earnings per share for Q1 2025 were CNY 0.26, compared to CNY 0.34 in Q1 2024, representing a decrease of 23.5%[32] Cash Flow - The net cash flow from operating activities was negative CNY 298,574,889.31, a significant decline from positive CNY 8,168,946.60 in the same period last year, representing a change of -3,755.00%[10] - Cash inflow from operating activities in Q1 2025 was CNY 1,842,336,100.67, down from CNY 1,972,518,823.82 in Q1 2024, a decrease of 6.6%[33] - Cash paid for goods and services in Q1 2025 was CNY 1,400,066,487.03, an increase from CNY 1,098,787,356.94 in Q1 2024, reflecting a rise of 27.5%[33] - The net cash flow from operating activities was -8.17 million in the previous period[34] - Total cash outflow from operating activities amounted to 1.96 billion last year[34] - The ending balance of cash and cash equivalents was 841.33 million in the previous period[35] - The company experienced a net decrease in cash and cash equivalents of -163.44 million last year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,431,617,085.15, down 11.79% from CNY 8,424,478,406.26 at the end of the previous year[8] - The total liabilities decreased to CNY 4,431,617,085.15 from CNY 5,424,478,406.26[27] - Total liabilities as of the reporting date were CNY 2,800,473,698.55, down from CNY 3,912,232,754.86 in the previous period[28] - Total equity increased to CNY 4,631,143,386.60 from CNY 4,512,245,651.40, marking a growth of 2.6%[28] - The total equity attributable to shareholders increased by 2.65% to CNY 4,624,169,363.59 from CNY 4,504,931,966.39 at the end of the previous year[8] Operational Metrics - The weighted average return on equity decreased by 0.74 percentage points to 2.71% from 3.45%[8] - The company reported a non-recurring profit of CNY 38,116,538.67 for the period[9] - The gross profit margin for the apparel operation segment was 60.84%, reflecting a year-over-year increase of 5.38 percentage points[16] - The revenue from the PEACEBIRD women's wear brand was CNY 567,756,460.30, with a gross margin of 61.70%, down 12.83% from the previous year[19] - Online sales generated CNY 450,179,402.01 with a gross margin of 49.70%, a decrease of 12.71% year-over-year[24] - The gross profit margin for offline sales channels was 65.02%, an increase of 5.46 percentage points year-over-year[24] - The total number of stores decreased by 57, with 3,316 stores at the end of the quarter compared to 3,373 at the beginning[24] Future Plans - The company plans to continue expanding its brand presence and improve operational efficiency in the upcoming quarters[18] - The company’s controlling shareholder, Taiping Bird Group, plans to increase its stake in the company by CNY 150 million to CNY 300 million over a six-month period, with CNY 214 million sourced from a special loan[14] - As of March 31, 2025, Taiping Bird Group had already acquired 7,881,900 shares, totaling CNY 114,632,500[14]