JH Group(SH:603518)2025-04-29 15:23Financial Performance - The company's revenue for Q1 2025 was CNY 1,111,474,290.97, a decrease of 3.59% compared to CNY 1,152,852,132.70 in the same period last year[7] - Net profit attributable to shareholders was CNY 89,007,111.53, down 23.35% from CNY 116,119,649.86 year-on-year[7] - Total revenue for the reporting period was CNY 1,096,016,852.92, representing a decrease of 4.26% compared to the previous year[17] - Net profit for Q1 2025 was CNY 89,007,111.53, a decrease of 23.4% from CNY 116,119,649.86 in Q1 2024[29] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.26, down from CNY 0.33 in Q1 2024[31] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 40.76%, amounting to CNY 158,786,395.35 compared to CNY 268,028,812.91 in the previous year[7] - Cash flow from operating activities in Q1 2025 was CNY 1,234,868,823.74, an increase from CNY 1,142,073,380.43 in Q1 2024[32] - Operating cash inflow totaled CNY 1,236,733,627.09, an increase from CNY 1,147,727,786.90 year-over-year[33] - Operating cash outflow amounted to CNY 1,077,947,231.74, compared to CNY 879,698,973.99 in the previous period[33] - The total cash and cash equivalents at the end of the period were CNY 544,481,882.99, down from CNY 636,417,519.71[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,488,588,753.24, down 7.28% from CNY 5,919,697,328.68 at the end of the previous year[8] - Total liabilities decreased to CNY 1,776,514,572.62 in Q1 2025 from CNY 2,303,512,496.86 in Q1 2024[26] - Total equity attributable to shareholders increased to CNY 3,712,074,180.62 in Q1 2025 from CNY 3,616,184,831.82 in Q1 2024[27] Expenses - The weighted average return on equity decreased by 0.93 percentage points to 2.43%[8] - The company reported a 181% increase in financial expenses, primarily due to interest payments on maturing convertible bonds[10] - Research and development expenses for Q1 2025 were CNY 34,626,867.25, up from CNY 32,443,061.91 in Q1 2024[28] - Financial expenses for Q1 2025 were CNY 46,271,745.31, significantly higher than CNY 16,492,249.37 in Q1 2024[28] Inventory and Receivables - Cash and cash equivalents decreased by 31% due to increased cash payments for debt repayment[10] - Accounts receivable decreased by 32% due to seasonal sales impacts and collection of receivables[10] - The inventory level was CNY 977,630,544.03, a decrease from CNY 1,028,459,459.26 in the previous year[24] Store Performance - The number of ordinary shareholders at the end of the reporting period was 21,164[12] - The number of VGRASS direct stores increased to 137, with a year-on-year growth of 1.53%, while the number of franchise stores decreased by 17.54% to 49[16] - The total number of stores for TEENIE WEENIE decreased to 1,010, with a year-on-year decline of 7.25%[16] Sales and Pricing - TEENIE WEENIE brand's revenue was CNY 890,320,405.30, with a gross profit margin of 68.92%, reflecting a decrease of 2.98% year-on-year[17] - Online sales accounted for CNY 401,804,841.91, with a gross profit margin of 64.69%, down 7.43% from the previous year[19] - The average selling price for VGRASS decreased by 2.7% to CNY 3,387, while TEENIE WEENIE's average price decreased by 0.6% to CNY 868[19] Other Financial Activities - The company redeemed 2,812,030 convertible bonds, impacting cash by CNY 32,339.96 million and net profit by CNY 2,752.80 million[21] - Cash outflow for debt repayment was CNY 411,203,000.00, significantly higher than CNY 140,379,386.14 in the previous period[34] - Cash inflow from borrowings was CNY 110,000,000.00, an increase from CNY 55,379,386.14[34] - The impact of exchange rate changes on cash and cash equivalents was -CNY 242,514.21[34] Accounting Standards - The company plans to implement new accounting standards starting from 2025[35]