Financial Performance - The total operating revenue for the three months ended March 31, 2022, was RMB 1,117.0 million, a decrease of RMB 186.8 million or 14.3% compared to the same period last year[3]. - Same-store sales declined during the same period, contributing to a total sales revenue (including VAT) of RMB 2,895.6 million, down from RMB 3,356.0 million in the previous year[3]. - Operating profit for the three months was RMB 71.4 million, a decrease of RMB 46.3 million or 39.3% from RMB 117.7 million in the same period last year[3]. - The company reported a loss attributable to owners of RMB 30.1 million, compared to a profit of RMB 0.4 million in the same period last year[3]. - Total sales revenue for the three months ended March 31, 2022, was RMB 2,895.6 million, a decrease of 13.7% compared to the same period last year, primarily due to a decline in same-store sales[25]. - Same-store sales decreased by 19.1% for the three months ended March 31, 2022, attributed to the impact of COVID-19 variants in China[25]. - Operating profit for the three months ended March 31, 2022, was RMB 71.4 million, a decrease of RMB 46.3 million or 39.3% from RMB 117.7 million in the same period last year[29]. - Total operating expenses, excluding procurement of goods and inventory changes, decreased by RMB 23.0 million or 4.6% to RMB 479.3 million for the three months ended March 31, 2022[28]. - Revenue from customer contracts accounted for 79.4% of total operating profit, decreasing by 3.6% compared to the same period last year[27]. - The company recorded a loss attributable to shareholders of RMB 30.1 million for the three months ended March 31, 2022, compared to a profit of RMB 0.4 million in the same period last year, a decrease of RMB 30.5 million[32]. - Operating profit decreased primarily due to reduced revenue from customer contracts, including self-operated sales and consulting services[27]. Assets and Liabilities - Non-current assets as of March 31, 2022, totaled RMB 9,351.2 million, slightly down from RMB 9,436.6 million as of December 31, 2021[6]. - Current assets amounted to RMB 2,906.2 million, compared to RMB 2,881.5 million at the end of the previous year[6]. - Total liabilities decreased to RMB 5,545.1 million from RMB 5,633.3 million as of December 31, 2021[8]. - The net cash flow from operating activities was a negative RMB 87.7 million for the period[13]. - Cash and cash equivalents at the end of the period were RMB 1,523.5 million, up from RMB 925.2 million at the beginning of the period[20]. Impact of COVID-19 - The company experienced significant impacts on financial metrics due to COVID-19 variants affecting operations in China[3]. - The company remains optimistic about the overall industry outlook despite challenges from the pandemic and macroeconomic instability[32]. Store Operations - The company operates 43 Parkson stores across 30 cities, including the newly opened Parkson Beauty in Wenzhou[32]. - Direct sales accounted for 27.9% of total sales, down 17.6% from the previous year, while licensed counter sales accounted for 72.1%, down 13.9%[30].
百盛集团(03368) - 2022 Q1 - 季度财报