RAINBOW(002419)2024-04-26 08:27Financial Performance - The company's revenue for Q1 2024 was ¥3,340,255,853.24, a decrease of 1.30% compared to ¥3,384,217,567.56 in the same period last year[6] - Net profit attributable to shareholders was ¥149,175,955.20, down 28.34% from ¥208,174,132.32 year-on-year[6] - The company reported a basic earnings per share of ¥0.1276, a decline of 28.35% from ¥0.1781 in the same period last year[6] - The total operating revenue for Q1 2024 was CNY 3,340,255,853.24, a decrease of 1.3% compared to CNY 3,384,217,567.56 in the same period last year[40] - The net profit for Q1 2024 was CNY 149,523,393.42, a decrease of 28.1% compared to CNY 207,953,573.52 in Q1 2023[41] - Operating profit for Q1 2024 was CNY 198,565,381.34, down 33.7% from CNY 300,099,396.23 in the same period last year[41] - The company reported a total comprehensive income of CNY 149,531,827.05 for Q1 2024, down 28.0% from CNY 207,907,607.45 in Q1 2023[41] Cash Flow and Assets - The net cash flow from operating activities increased by 138.69% to ¥415,236,687.61, compared to ¥173,966,487.82 in the previous year[6] - The cash and cash equivalents at the end of Q1 2024 were CNY 4,971,332,142.66, down from CNY 5,299,056,352.74 at the beginning of the year[36] - Cash and cash equivalents at the end of Q1 2024 were CNY 4,883,879,979.05, compared to CNY 4,551,736,725.18 at the end of Q1 2023[45] - The company experienced a net cash outflow from investing activities of CNY 240,055,851.06, compared to a net inflow of CNY 236,326,478.01 in the previous year[44] - The total cash outflow from financing activities was CNY 498,434,684.48, compared to CNY 439,596,011.63 in Q1 2023[44] Assets and Liabilities - Total assets decreased by 2.00% to ¥27,926,808,357.85 from ¥28,497,099,631.74 at the end of the previous year[6] - The company's total assets as of March 31, 2024, were CNY 27,926,808,357.85, a decrease from CNY 28,497,099,631.74 at the beginning of the year[38] - The company's total liabilities decreased to CNY 23,559,152,447.77 from CNY 24,278,975,548.71 at the beginning of the year[38] Revenue Breakdown - The company achieved a sales revenue of ¥9.88 billion during the report period, reflecting a year-on-year growth of 1.1%[15] - Total revenue for the period was ¥962,273.14 million, reflecting a 3.18% year-on-year growth[21] - The total revenue from supermarkets was ¥210,036.40 million, showing a year-on-year decline of 1.65%[24] - In the South China region, revenue was ¥206,100.45 million, down 1.87% year-on-year, while total profit increased by 1.09%[25] Store Operations - The company closed 4 independent supermarkets during the report period as part of its store optimization strategy[16] - The company operates 41 shopping centers, 59 department stores, and 112 supermarkets, totaling over 4.55 million square meters[17] - Comparable store sales reached ¥938,497.36 million, a year-on-year increase of 0.63%[21] - The total number of comparable stores was 116, with a total revenue of ¥320,213.79 million, down 1.15% year-on-year[25] - The company reported a total profit decline of 1.51% year-on-year for the comparable stores[25] Profitability Metrics - The gross profit margin for the period was 22.63%, a decrease of 0.72% compared to the previous year[24] - The average customer transaction value decreased by 4.49% year-on-year[24] - The average monthly sales per square meter for shopping centers was ¥1,149, with a rental rate of 91.67%[22] Future Plans - The company plans to reduce shareholding by up to 11,688,477 shares, approximately 1.00% of total share capital, as disclosed on February 27, 2024[30] - The company plans to issue a public REITs based on the Suzhou Xiangcheng Rainbow Shopping Center project assets, with ongoing updates to be disclosed[33] Miscellaneous - The company did not undergo an audit for the Q1 2024 report[46] - The company distributed a cash dividend of CNY 1.6 per 10 shares, totaling CNY 187,015,640, which was implemented on April 26, 2024[33] - The technology subsidiary signed multiple new major clients and received 3 invention patent authorizations during the report period[15]