Guirenniao(SH:603555)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 2.20% to CNY 85,203,844.98 year-on-year[7] - Operating revenue grew by 8.48% to CNY 833,419,034.57 compared to the same period last year[7] - Basic earnings per share increased by 2.19% to CNY 0.1355[7] - The total revenue for the company reached ¥806,464,782.50, with a gross margin of 34.48%, down from 37.79% in the previous year[23] - Net profit for Q1 2018 reached CNY 101,416,158.01, representing a 6.5% increase from CNY 95,405,163.30 in Q1 2017[37] - The total comprehensive income for Q1 2018 was CNY 100,470,106.67, compared to CNY 96,337,142.34 in Q1 2017, showing an increase of 4.4%[38] - The company reported a total profit of CNY 89.02 million, an increase of 20.7% from CNY 73.69 million in Q1 2017[40] Cash Flow - Net cash flow from operating activities surged by 713.44% to CNY 276,407,229.57 compared to the previous year[7] - Cash flow from operating activities generated a net amount of CNY 276.41 million, significantly higher than CNY 33.98 million in Q1 2017[42] - The company’s cash inflow from operating activities totaled CNY 1,125.47 million, up 30% from CNY 865.79 million in the previous year[42] - Operating cash inflow for Q1 2018 was CNY 746,109,566.58, an increase of 22.6% from CNY 608,853,449.26 in the previous period[45] - Cash inflow from financing activities totaled CNY 506,150,000.00, up from CNY 287,900,000.00 in the previous period, marking a 76.0% increase[45] - The overall cash and cash equivalents decreased by CNY 255,500,699.16 during the quarter, compared to a decrease of CNY 322,856,410.48 in the previous year[46] Assets and Liabilities - Total assets increased by 2.01% to CNY 7,734,940,693.71 compared to the end of the previous year[7] - Current assets increased to ¥4,189,763,640.84 from ¥4,101,995,641.32, representing a growth of approximately 2.0%[28] - Total liabilities increased to ¥5,007,798,156.59 from ¥4,955,889,786.86, indicating a rise of approximately 1.1%[30] - Total non-current assets increased to ¥3,545,177,052.87 from ¥3,480,566,575.99, marking a growth of about 1.9%[29] - The total liabilities decreased to CNY 4,298,748,593.78 from CNY 4,490,517,919.51 at the beginning of the year, a reduction of approximately 4.3%[35] - Total equity increased to CNY 2,359,207,503.39 from CNY 2,292,898,911.94, reflecting a growth of about 2.9%[35] Expenses - Financial expenses increased by 60.87% to ¥65,924,584.91 due to rising financing costs[18] - Sales expenses rose by 31.98% to ¥106,749,862.27, attributed to increased store rent and employee benefits[18] - The company reported a decrease in financial expenses to CNY 65,924,584.91 from CNY 40,979,044.32, which is an increase of 60.7%[37] - Financial expenses surged to CNY 57.68 million, up 72.1% from CNY 33.50 million in the previous year[40] Investments - The company plans to establish three wholly-owned subsidiaries with a total investment of ¥90 million, focusing on new brand operations and traditional sales[23] - The investment cash outflow decreased by 97.42% to ¥7,000,000.00, as there were no purchases of financial products this period[17] - The company recorded an investment income of CNY 11,435,767.78, down from CNY 13,674,312.80 in the previous year[37] - Investment activities resulted in a net cash outflow of CNY 102.84 million, compared to a net outflow of CNY 111.26 million in Q1 2017[43] Operational Changes - The company opened 78 new retail terminals and closed 133, resulting in a total of 3,672 retail terminals as of March 31, 2018[19] - The company experienced a 131.88% increase in accounts payable, reaching CNY 160,000,000.00 due to increased settlement of goods[14] - Employee compensation payable decreased by 38.79% to CNY 27,803,458.73 as a result of year-end bonuses paid in the previous year[14]