ST雪发(002485) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥191,287,855.76, a decrease of 9.45% compared to ¥211,241,082.26 in the same period last year[8] - The net profit attributable to shareholders was -¥12,567,317.11, representing a decline of 341.27% from ¥5,208,839.31 in the previous year[8] - The net cash flow from operating activities decreased by 67.76%, down to ¥30,350,265.32 from ¥94,125,444.32 year-on-year[8] - The weighted average return on net assets was -0.64%, a decrease of 0.90% compared to 0.26% in the previous year[8] - Net profit decreased by 341.27% compared to the same period last year, primarily due to a slowdown in macroeconomic growth and continued weak terminal consumption, leading to a reduction in sales revenue[16] - The estimated net profit for the first half of 2017 is expected to range from 0 to 13.64 million RMB, representing a decrease of 100.00% to 50.00% compared to the net profit of 27.27 million RMB in the same period of 2016[22] Asset and Liability Management - The total assets at the end of the reporting period were ¥2,239,743,617.70, an 8.39% decrease from ¥2,444,982,588.61 at the end of the previous year[8] - The balance of accounts receivable notes decreased by 94.09% compared to the beginning of the year, primarily due to the settlement of supplier payments[15] - The balance of short-term loans decreased by 83.33% compared to the beginning of the year, primarily due to the repayment of due bank loans[15] Cash Flow Analysis - Operating cash flow net amount decreased by 67.76% year-on-year, mainly due to significant asset restructuring subscription deposits received in the same period last year[16] - Investment cash flow net amount increased by 182.32% year-on-year, primarily due to the recovery of matured bank financial products during the reporting period[16] - Financing cash flow net amount decreased by 41.60% year-on-year, mainly due to repayment of matured bank loans and payment of redeemable corporate bonds in the same period last year[16] Expense Management - Tax expenses increased by 115.78% compared to the same period last year, mainly due to reclassification of management expenses[15] - Financial expenses decreased by 73.80% compared to the previous year, primarily due to a reduction in bond and loan interest[15] Strategic Plans - The company plans to continue optimizing its marketing network by selling or leasing up to 29 purchased shops, with a total original purchase cost not exceeding 850 million RMB, and has confirmed revenue of 2.87 million RMB from leasing 22 shops during the reporting period[18] - Prepaid accounts increased by 74.42% compared to the beginning of the year, mainly due to an increase in advance payments to suppliers[15]