JH Group(SH:603518)2016-04-28 16:00Financial Performance - Operating revenue decreased by 22.99% to CNY 189,782,252.3 year-on-year[6] - Net profit attributable to shareholders decreased by 46.62% to CNY 20,198,600.01 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 46.43% to CNY 0.15[6] - The weighted average return on equity decreased by 1.51 percentage points to 1.62%[6] - The total main business income for the reporting period was 189,773,317.53 RMB, reflecting a significant decline compared to the previous year[14] - The company reported a total comprehensive income of CNY 22,484,044.44 for Q1 2016, down from CNY 40,926,718.28 in Q1 2015[36] - Net profit for Q1 2016 was CNY 22,498,655.44, down 45.0% from CNY 40,941,879.63 in Q1 2015[36] - Operating profit for Q1 2016 was CNY 23,913,325.04, a decline of 52.7% compared to CNY 50,560,577.62 in the previous year[35] Cash Flow - Cash flow from operating activities decreased by 42.52% to CNY 32,224,935.17 year-on-year[6] - The company's cash flow from operating activities decreased by 43% to 32,224,935.17 RMB due to reduced store numbers and income[17] - Cash flow from operating activities for Q1 2016 was CNY 32,224,935.17, a decrease of 42.5% from CNY 56,060,668.10 in Q1 2015[40] - Cash inflow from financing activities totaled CNY 10,868,550, while cash outflow was CNY 163,534.44, leading to a net cash flow from financing activities of CNY 10,705,015.56[44] - The company experienced a net decrease in cash and cash equivalents of CNY 161,291,825.60 during the quarter[44] Assets and Liabilities - Total assets increased by 1.86% to CNY 1,537,272,492.71 compared to the end of the previous year[5] - Total liabilities increased to ¥138,356,527.11 from ¥132,742,729.04, representing a rise of about 4.6%[31] - Current liabilities totaled ¥119,541,764.45, up from ¥113,530,224.80, marking an increase of approximately 5.3%[31] - Financial assets at fair value decreased by 45% to 158,182,436.11 RMB, attributed to the maturity of some structured deposits[15] - Accounts receivable decreased from ¥61,265,274.46 to ¥46,836,768.21, indicating a decline of approximately 23.5%[29] Shareholder Information - The total number of shareholders reached 12,930 at the end of the reporting period[10] - The largest shareholder, Wang Zhiqin, holds 32.66% of the shares, with 48,328,157 shares pledged[11] Business Operations - The total number of stores decreased by 25.17% year-on-year, with 220 stores at the end of the reporting period compared to 294 stores in the same period last year[13] - Main business revenue for VGRASS was 183,028,082.56 RMB, a decrease of 25.72% compared to the same period last year[13] - The gross profit margin for VGRASS was 68.44%, down by 3.04 percentage points from the previous year[13] - The company opened 3 new stores during the reporting period while closing 3 stores, resulting in no net change in store count for VGRASS[13] Strategic Plans and Commitments - The company plans to continue expanding its product lines and enhancing its market presence through strategic acquisitions and new product development[18] - The company has committed to not reducing its shareholdings during the implementation period of share repurchase plans[25] - The company has made commitments to avoid engaging in competitive activities that threaten its core business[25] - The company is focused on expanding its business areas while ensuring compliance with its commitments to avoid conflicts of interest[25] Market Outlook - The company expects the decline in revenue and net profit to narrow in the second quarter due to effective measures taken to boost sales and improve performance[26] - The company has acknowledged the potential for significant changes in net profit compared to the same period last year, highlighting the need for vigilance in financial performance[26]