Annil (SZ:002875)2018-04-24 16:00Financial Performance - The company's revenue for Q1 2018 was CNY 304,106,333.91, representing a 21.72% increase compared to CNY 249,842,605.25 in the same period last year[7] - Net profit attributable to shareholders was CNY 36,097,245.85, up 6.31% from CNY 33,953,464.41 year-on-year[7] - Basic and diluted earnings per share decreased by 20.00% to CNY 0.36 from CNY 0.45 in the same period last year[7] - Total operating revenue for the first quarter was CNY 304,106,333.91, an increase of 21.5% compared to CNY 249,842,605.25 in the previous period[41] - Net profit for the period reached CNY 36,097,245.85, representing a 6.3% increase from CNY 33,953,464.41 in the same period last year[43] - The total profit for the period was ¥45,436,791.52, up from ¥42,987,593.94, indicating a year-over-year increase of 10.2%[44] Cash Flow - The net cash flow from operating activities was negative CNY 6,905,477.99, a decline of 173.78% compared to CNY 9,359,270.82 in the previous year[7] - Cash received from operating activities increased by 162.54% to ¥6,032,885.07, driven by interest income and government subsidies[17] - The cash flow from operating activities showed a net outflow of ¥6,905,477.99, compared to a net inflow of ¥9,359,270.82 in the previous year[49] - The total operating cash inflow was ¥356,542,433.13, compared to ¥273,851,034.65 in the previous year, marking a 30.2% increase[49] - The total operating cash outflow was ¥363,447,911.12, up from ¥264,491,763.83, reflecting a 37.4% increase year-over-year[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,056,271,257.36, down 2.77% from CNY 1,086,412,683.04 at the end of the previous year[7] - Total current assets decreased to CNY 861,228,293.49 from CNY 890,371,058.67, a decline of 3.3%[37] - Total liabilities decreased to CNY 253,266,573.43 from CNY 300,307,709.33, a reduction of 15.6%[39] - Cash and cash equivalents decreased to CNY 352,713,579.28 from CNY 468,639,333.75, a decline of 24.7%[37] - Accounts payable decreased from 170,785,858.64 yuan to 130,824,943.59 yuan during the same period[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,610[11] - The top shareholder, Cao Zhang, holds 31.04% of the shares, totaling 31,545,000 shares[11] Operational Changes and Plans - The company plans to distribute a cash dividend of ¥2 per 10 shares and a capital reserve conversion of 3 shares for every 10 shares held[22] - The company approved a change in the use of raised funds, reallocating surplus funds from the design and research center to the marketing center project[22] - The company plans to open at least 80 new stores in 2018, with a total of no less than 395 new stores by the end of 2020[23] - As of March 31, 2018, the company leased 227 properties with a total area of 24,801.05 square meters for operational needs[23] Expenses and Income - Total operating costs amounted to CNY 257,696,855.53, up 24.8% from CNY 206,347,451.73 in the prior year[42] - Management expenses increased by 49.03% to ¥19,158,135.78 primarily due to stock payment provisions and strategic consulting project costs[16] - Financial income showed a significant increase of 656.87%, resulting in a financial expense of -¥2,569,803.04 due to increased interest income[16] - Sales expenses of ¥97,907,632.86, which is an increase of 23.3% from ¥79,425,950.69 in the previous year[44] Other Financial Metrics - The weighted average return on equity decreased to 4.45%, down 4.45 percentage points from 8.90% in the previous year[7] - Asset impairment losses rose by 149.08% to ¥6,981,775.57, attributed to an increase in inventory value[16] - Other income included government subsidies amounting to ¥1,314,700.00[16] - Tax and additional fees decreased by 51.12% to ¥1,448,011.96 due to reduced VAT payments[16]