Youhao Group(SH:600778)2025-04-29 12:28Financial Performance - The company's operating revenue for Q1 2025 was ¥485,303,480.51, a decrease of 6.11% compared to ¥516,864,237.98 in the same period last year[4]. - Net profit attributable to shareholders increased by 52.39% to ¥20,582,515.19 from ¥13,506,281.28 year-on-year[4]. - The net profit after deducting non-recurring gains and losses rose by 24.24% to ¥16,329,207.17 compared to ¥13,143,427.19 in the previous year[4]. - Basic and diluted earnings per share increased by 52.30% to ¥0.0661 from ¥0.0434 year-on-year[4]. - Operating profit for Q1 2025 increased to CNY 20,473,159.35, up 38.3% from CNY 14,811,534.15 in Q1 2024[16]. - The net profit for Q1 2025 was CNY 20,748,158.11 after tax, compared to CNY 14,612,486.16 in Q1 2024, reflecting a significant increase[16]. - The total comprehensive income for the first quarter was CNY 19,974,684.59, compared to CNY 15,657,749.88 in the previous year, indicating a growth of approximately 27.5%[17]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 162.81% to ¥92,092,543.05, up from ¥35,041,545.63 in the same period last year[4]. - Cash flow from operating activities generated a net cash inflow of CNY 92,092,543.05, significantly higher than CNY 35,041,545.63 in the first quarter of 2024[19]. - The company’s cash and cash equivalents increased to CNY 441,341,111.13 as of March 31, 2025, up from CNY 335,247,298.36 at the end of 2024, indicating improved liquidity[11]. - The total cash and cash equivalents at the end of the first quarter of 2025 amounted to CNY 434,884,235.52, an increase from CNY 371,557,192.60 at the end of the first quarter of 2024[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,579,354,465.82, a slight increase of 0.44% from ¥3,563,768,115.29 at the end of the previous year[4]. - Total liabilities as of March 31, 2025, were CNY 3,327,230,383.31, compared to CNY 3,331,618,717.37 at the end of 2024, indicating a decrease in liabilities[13]. - The company reported a decrease in inventory from CNY 521,988,046.80 at the end of 2024 to CNY 492,298,634.03 as of March 31, 2025[11]. Operational Measures and Strategic Initiatives - The company implemented several operational measures to enhance profit, including improved inventory management and reduced financing costs, leading to a significant increase in net profit[5]. - The company signed a change agreement regarding the lease of "Friendly City Outlet," resulting in substantial rent reductions for the remaining lease term[9]. - The company established a wholly-owned subsidiary, Xinjiang Youhao Agricultural Trade Development Co., Ltd., to expand sales and tax revenue in the Xinjiang region, leveraging regional advantages and national support policies[10]. - The company plans to expand its business scope to include agricultural trade markets and wholesale markets in Xinjiang and Central Asia, enhancing its competitive edge[10]. Revenue and Sales - The company's total revenue for Q1 2025 was CNY 485,303,480.51, down 6.1% from CNY 516,864,237.98 in Q1 2024[16]. - The company reported sales revenue from goods and services of CNY 865,905,043.79, a decrease from CNY 964,694,256.86 in the same period last year, reflecting a decline of approximately 10.2%[19]. - The company's total cash inflow from operating activities was CNY 1,036,412,694.22, down from CNY 1,130,343,342.65 in the first quarter of 2024, indicating a decrease of about 8.3%[19].