JOEONE(SH:601566)2025-04-24 12:40Financial Performance - The company's operating revenue for Q1 2025 was CNY 895,073,592.48, a decrease of 4.76% compared to CNY 939,844,189.71 in the same period last year[4] - Net profit attributable to shareholders increased by 77.25% to CNY 191,747,484.87 from CNY 108,181,204.69 year-on-year[4] - The basic earnings per share rose by 73.68% to CNY 0.33, compared to CNY 0.19 in the previous year[4] - Total revenue for Q1 2025 was RMB 88,492.62 million, a decrease of 5.17% compared to Q1 2024 revenue of RMB 93,312.94 million[13] - Gross margin improved to 66.18% in Q1 2025 from 65.50% in Q1 2024[13] - The company reported a total comprehensive income of CNY 195,149,135.80 for Q1 2025, compared to CNY 111,341,406.92 in Q1 2024, an increase of 75.4%[39] - The company's financial expenses decreased significantly, with interest expenses dropping to CNY 2,710,911.86 from CNY 4,769,255.93 year-over-year[38] Cash Flow and Investments - The net cash flow from operating activities decreased by 32.37% to CNY 71,433,831.43 from CNY 105,620,424.95[4] - Cash inflow from investment activities totaled CNY 2,551,847,468.51, significantly higher than CNY 1,584,435,862.98 in the previous year[41] - The company's cash flow from investing activities showed a net outflow of CNY 41,530,821.41, compared to a net inflow of CNY 11,343,324.69 in the previous period[42] - The company's cash flow from financing activities resulted in a net outflow of CNY 13,322,370.31, contrasting with a net inflow of CNY 19,777,168.73 in the prior year[42] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,619,247,115.31, down 1.74% from CNY 5,718,858,586.34 at the end of the previous year[5] - Total liabilities decreased to CNY 1,517,318,515.68 from CNY 1,812,613,770.93, reflecting a reduction of 16.3%[36] - The total current liabilities decreased to CNY 1,020,000,000.00 from CNY 1,200,000,000.00, indicating a reduction of about 15.0%[35] - The total equity attributable to shareholders increased to CNY 4,138,362,299.85, up from CNY 3,944,909,885.99, marking a growth of 4.9%[36] Store Operations - The company opened 23 new stores and closed 37 stores in Q1 2025, resulting in a total of 2,357 stores as of March 31, 2025[15] - The total area of stores as of March 31, 2025, was 385,590 square meters, slightly down from 387,491 square meters at the end of 2024[16] - Direct store revenue was CNY 50,885.45 million, with a gross margin of 68.29%, reflecting a 15.78% increase in revenue[11] - The revenue from franchise stores decreased by 27.37% to CNY 29,739.60 million, with a gross margin of 63.89%[11] Equity Investments - The company made a significant equity investment of 21,628.90 million RMB in Shanghai Jinglin Jiusheng Xinlian Equity Investment Center, holding a 99% stake[21] - An additional investment of 30,000.00 million RMB was made in Beijing Ruiteng Yihong Investment Management Co., holding an 8.57% stake[21] - The company increased its investment by 18,540.00 million RMB in Xiamen Zhongjin Qitong Investment Partnership, holding a 31.20% stake[21] - The total amount of major equity investments as of March 31, 2025, reached 78,877.01 million RMB[22] Financial Products - The company has issued a total of 3 billion in financial products with yields of 38.47% and 39.19%[27] - The total amount of financial products issued by the company is projected to reach 10 billion by the end of 2025[27] - The company is focusing on enhancing its research and development capabilities for new financial products[27] - The company aims to increase its market share through strategic acquisitions and partnerships in the financial sector[27] Shareholder Information - The largest shareholder, Jiumuwang International Investment Holdings, owns 53.73% of the shares, totaling 308,768,140 shares[19] - The company has 14,195 common shareholders as of the end of the reporting period[18]