MIHF(SH:600337)2018-04-16 16:00Financial Performance - Operating revenue rose by 32.69% to CNY 1,014,272,721.67 year-on-year[8] - Net profit attributable to shareholders increased by 32.75% to CNY 63,008,293.36 compared to the same period last year[8] - Basic earnings per share increased by 33.33% to CNY 0.04 per share[8] - Net profit for Q1 2018 was ¥62,315,754.29, reflecting a growth of 31.29% compared to the previous year[20] - A.R.T. company's sales increased by 20% year-on-year in Q1 2018, while Caracole's sales grew by 33% year-on-year[22] - Net profit rose by 31.29% year-on-year, driven by growth in domestic retail and international wholesale businesses[22] - The total profit for Q1 2018 was CNY 93,911,124.42, an increase of 64.4% from CNY 57,080,941.74 in Q1 2017[50] - The total comprehensive income for Q1 2018 was CNY 74,082,166.85, compared to CNY 47,132,941.74 in the same period last year[51] Assets and Liabilities - Total assets increased by 5.24% to CNY 7,287,797,512.35 compared to the end of the previous year[8] - The company's total assets as of March 31, 2018, amounted to CNY 8,062,995,116.37, compared to CNY 7,812,278,799.14 at the beginning of the year, reflecting a growth of 3.2%[40] - Total liabilities increased to CNY 3,097,918,356.88 from CNY 2,921,284,206.50, marking a rise of 6.0%[41] - Shareholders' equity totaled CNY 4,965,076,759.49, up from CNY 4,890,994,592.64, indicating a growth of 1.5%[41] - Inventory increased to CNY 1,258,458,464.23, a rise of 19.1% from CNY 1,056,311,518.59 at the beginning of the year[38] Cash Flow - Net cash flow from operating activities decreased by 258.93% to -CNY 172,049,334.57[8] - The operating cash flow for Q1 2018 was negative at CNY -172,049,334.57, compared to a positive CNY 108,254,630.30 in the same period last year[54] - The net cash flow from operating activities was -228,976,025.30 RMB, compared to 87,830,863.00 RMB in the previous period, indicating a significant decline in operational performance[58] - Total cash inflow from operating activities was 1,524,267,299.97 RMB, while cash outflow was 1,753,243,325.27 RMB, resulting in a net cash outflow of 228,976,025.30 RMB[58] - The company received 182,800,982.21 RMB in borrowings during the financing activities, down from 508,647,203.15 RMB in the previous period[60] Shareholder Information - The total number of shareholders reached 25,356[12] - The largest shareholder, Meike Investment Group Co., Ltd., holds 23.49% of the shares[12] - The company repurchased 12,001,530 shares from the public as of the report date[9] - The company plans to repurchase shares with a total amount between RMB 100 million and 200 million within three months[26] Operational Highlights - The company's manufacturing output increased by 47% year-on-year, with labor efficiency improving by 9%[22] - The marketing strategy for 2018 included various promotional activities, leading to a 170.40% sales increase for the A.R.T. brand in Q1[20] - The company plans to focus on sales revenue, profit, and asset efficiency improvements in 2018, aiming to build a home furnishing ecosystem[20] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[39] Expenses - Cash paid for purchasing goods and services increased by 31.82% year-on-year, attributed to increased inventory for best-selling products[25] - Cash paid to employees increased by 46.20% year-on-year, reflecting the expansion of the sales scale and additional personnel costs[25] - Cash paid for fixed assets and other long-term assets surged by 190.91% year-on-year, mainly due to increased expenses for store renovations and technology upgrades[25] - The company's sales expenses increased to CNY 266,835,229.29 from CNY 239,251,230.95, reflecting a rise of 11.6%[50] - The financial expenses decreased significantly to CNY 6,767,643.53 from CNY 10,577,933.31, a reduction of 36.5%[50]