n.n.store(SH:600712)2016-04-29 16:00Financial Performance - Operating revenue fell by 9.25% to CNY 582,067,147.30, attributed to a weak consumer market and increased competition from e-commerce[12] - Net profit attributable to shareholders decreased by 29.85% to CNY 740,276.14, impacted by reduced operating income and increased store operating expenses[13] - Basic and diluted earnings per share dropped by 50.00% to CNY 0.001[13] - Total operating revenue for Q1 2016 was CNY 582,067,147.30, a decrease of 9.24% from CNY 641,425,060.50 in the same period last year[34] - Net profit for Q1 2016 was CNY 740,276.14, a decline of 29.83% compared to CNY 1,055,227.98 in Q1 2015[36] - Earnings per share for Q1 2016 were CNY 0.001, down from CNY 0.002 in the previous year[36] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -85,021,791.67 compared to CNY -3,506,612.67 in the same period last year, a decrease of 2,324.61%[6] - Net cash flow from operating activities was negative CNY 85,021,791.67, a decrease of 2,324.61% compared to the previous period[19] - Cash inflow from operating activities totaled CNY 685,847,687.80, down from CNY 757,246,746.75 year-over-year, reflecting a decrease of about 9.4%[40] - Cash outflow from operating activities increased to CNY 770,869,479.47 from CNY 760,753,359.42, resulting in a net cash outflow of CNY 85,021,791.67[41] - Cash flow from financing activities generated a net inflow of CNY 8,230,253.34, compared to a net outflow of CNY -22,176,933.31 in the previous year, indicating a significant improvement[44] - Investment activities resulted in a net cash outflow of CNY -17,105,621.94, compared to CNY -8,037,919.92 in the same period last year, indicating increased investment spending[41] Assets and Liabilities - Total assets decreased by 4.43% to CNY 2,118,390,124.89 compared to the end of the previous year[6] - Total assets decreased from CNY 2,216,649,089.54 to CNY 2,118,390,124.89, reflecting a decline in total assets[27] - Total liabilities decreased from CNY 1,111,805,976.93 to CNY 1,012,806,736.14, indicating a reduction in financial obligations[28] - Total equity increased slightly from CNY 1,104,843,112.61 to CNY 1,105,583,388.75, showing a marginal growth in shareholder value[28] - Total liabilities at the end of Q1 2016 were CNY 939,459,869.04, down from CNY 1,046,715,098.34 year-over-year[32] Shareholder Information - The number of shareholders reached 45,276, with the largest shareholder holding 18.23% of the shares[10] Operational Challenges - The company faced operational challenges due to ongoing construction impacts on key stores, particularly in Nanning[13] - The company is currently undergoing renovations for a new cultural palace project, contributing to its ongoing capital expenditures[16] Other Financial Metrics - The company reported a decrease in total costs by 9.22% to CNY 579,865,224.34, in line with the drop in operating revenue[12] - Cash and cash equivalents decreased by 32.98% from CNY 302,751,194.99 at the beginning of the period to CNY 202,913,810.21 at the end of the period[18] - Other receivables increased by 23.87% from CNY 19,196,331.72 to CNY 23,777,844.18[18] - Construction in progress increased by 35.55% from CNY 44,103,606.89 to CNY 59,781,401.86[18] - Employee compensation payable decreased by 40.06% from CNY 23,985,909.41 to CNY 14,377,209.91[18] - The company reported a financial expense of CNY 4,355,228.68, an increase from CNY 3,790,972.12 in the previous year[35] - The company achieved an investment income of CNY 447,378.15, significantly higher than CNY 122,231.41 in Q1 2015[35] - Total comprehensive income for the first quarter of 2016 was CNY 11,244,225.33, compared to CNY 10,365,004.82 in the previous year, representing an increase of approximately 8.5%[38]