Better Life(002251)2019-04-26 16:00Financial Performance - Total revenue for Q1 2019 was CNY 5,618,860,546.47, representing a year-over-year increase of 2.55% compared to CNY 5,478,928,058.13 in the same period last year[8]. - Net profit attributable to shareholders was CNY 185,677,388.31, up 3.47% from CNY 179,455,397.39 in the previous year[8]. - Basic earnings per share increased to CNY 0.2149, a rise of 3.47% from CNY 0.2077 in the previous year[8]. - The net profit for the first quarter of 2019 was CNY 211,633,084.72, a significant increase of 236.5% compared to CNY 62,814,216.31 in the same period last year[48]. - Operating profit reached CNY 256,335,247.28, up from CNY 67,620,620.85, reflecting a growth of 278.5% year-over-year[48]. Cash Flow - The net cash flow from operating activities was CNY 1,087,103,249.40, reflecting a 3.01% increase compared to CNY 1,055,387,114.16 in the same period last year[8]. - Cash flow from operating activities generated a net amount of CNY 1,087,103,249.40, compared to CNY 1,055,387,114.16 in the previous year, indicating a slight increase of 3%[49]. - The company’s cash flow from financing activities generated a net amount of CNY 608,151,394.32, a turnaround from a negative cash flow of -CNY 594,130,965.89 in the same period last year[51]. - Net cash flow from financing activities was 609,586,432.86 CNY, a significant improvement compared to a negative cash flow of 683,111,607.85 CNY in the previous period[54]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,970,622,727.61, marking a 5.07% increase from CNY 20,910,215,860.78 at the end of the previous year[8]. - Current liabilities rose to CNY 12,259,075,681.81, compared to CNY 11,589,183,436.47 at the end of 2018, an increase of 5.79%[35]. - Total liabilities increased to CNY 14,021,028,300.46 from CNY 13,151,579,596.29, reflecting a growth of 6.6%[35]. - Total liabilities as of March 31, 2019, amounted to CNY 16,458,350,502.65, compared to CNY 15,706,059,951.05 at the end of 2018, indicating an increase of 4.78%[41]. - The total current liabilities included accounts payable and notes payable of CNY 3,254,135,584.27[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,088[12]. - The largest shareholder, Bubu Gao Investment Group Co., Ltd., held 34.99% of the shares, amounting to 302,241,133 shares[12]. - The total equity attributable to shareholders rose to CNY 7,678,731,638.19 from CNY 7,493,350,403.10, an increase of 2.47%[36]. Operational Metrics - Comparable store traffic increased by 0.30% in Q1 2019, with member orders growing by 39.95%[22]. - The number of digital members surpassed 17.7 million as of March 31, 2019, with 700,000+ being digital members, and an addition of 199,600 new digital members in Q1 2019[22]. Expenses - Operating costs for Q1 2019 were CNY 5,387,347,449.72, which is an increase from CNY 5,264,049,490.93 in the previous quarter, reflecting a rise of 2.33%[42]. - Research and development expenses decreased to CNY 5,254,057.46 from CNY 6,514,514.81, a decline of 19.36%[42]. - Financial expenses rose by 79.87% to ¥63,229,853.82 in Q1 2019 from ¥35,152,758.31 in Q1 2018, mainly due to increased interest expenses from additional borrowings[18]. Investment Activities - The net cash flow from investing activities decreased by 61.09% to -¥1,088,191,436.81 in Q1 2019, primarily due to payments for land and property acquisitions[21]. - The company recorded an investment income of ¥1,308,772.61 in Q1 2019, a 32.75% increase from ¥985,918.47 in Q1 2018, attributed to higher returns from financial products[19]. Financial Reporting Changes - The adjustment of financial reporting standards did not affect the financial indicators for the year 2018[59]. - The implementation of new financial instrument standards began on January 1, 2019, affecting the classification of certain investments[63].