Youngor(SH:600177)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,265,729,821.97, a decrease of 56.02% compared to the same period last year[4] - Net profit attributable to shareholders was ¥867,484,452.20, down 59.04% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥806,345,485.08, reflecting a decline of 60.85% compared to the previous year[4] - Basic earnings per share were ¥0.19, a decrease of 59.57% year-on-year[4] - The net profit for Q1 2023 was approximately ¥927.22 million, a decrease of 56.3% compared to ¥2.12 billion in Q1 2022[19] - The total comprehensive income for Q1 2023 was approximately ¥1.56 billion, down 37% from ¥2.47 billion in Q1 2022[20] - Basic earnings per share for Q1 2023 were ¥0.19, compared to ¥0.47 in Q1 2022, reflecting a decline of 59.6%[20] - The company’s operating profit for Q1 2023 was approximately ¥1.08 billion, down 59.6% from ¥2.67 billion in Q1 2022[19] Segment Performance - The fashion segment achieved a revenue of ¥2,002,393,100, with a year-on-year growth of 17.70%[5] - The real estate segment saw a revenue decline of ¥4,455,857,500, down 77.77% year-on-year[5] - The fashion segment generated revenue of RMB 2,002.39 million, a year-on-year increase of 17.70%, and a net profit of RMB 351.75 million, up 39.80%[12] - The main brand YOUNGOR reported revenue of RMB 1,549.69 million, reflecting an 18.71% year-on-year growth[12] - The real estate segment's revenue was RMB 1,273.46 million, down 77.77% year-on-year, with net profit decreasing by 91.55% to RMB 137.33 million[14] - The investment business reported a net profit of RMB 378.41 million, marking a 57.44% increase compared to the previous year[14] Cash Flow and Liquidity - The net cash flow from operating activities was -¥713,538,454.59, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of approximately ¥713.54 million, an improvement from a net outflow of ¥1.53 billion in Q1 2022[22] - Cash inflow from investing activities was approximately ¥1.61 billion, down from ¥4.77 billion in Q1 2022[22] - Cash flow from financing activities resulted in a net inflow of approximately ¥203.53 million, compared to a net outflow of ¥1.55 billion in Q1 2022[22] - The company reported a significant increase in cash received from sales, totaling approximately ¥3.99 billion in Q1 2023, compared to ¥2.72 billion in Q1 2022, marking a growth of 46.6%[21] - The company had cash and cash equivalents of RMB 11.43 billion as of March 31, 2023, slightly down from RMB 11.45 billion at the end of 2022[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥79,905,773,861.12, an increase of 2.74% from the end of the previous year[5] - Total assets as of Q1 2023 amounted to ¥79,905,773,861.12, up 2.7% from ¥77,777,073,651.36 in the previous year[17] - Total liabilities for Q1 2023 were ¥40,138,381,753.13, an increase of 1.2% compared to ¥39,666,572,894.69 in Q1 2022[17] - Current liabilities reached ¥33,071,469,984.97, an increase of 5.4% from ¥31,364,367,415.89 in Q1 2022[17] - Non-current assets totaled ¥46,077,339,967.79, reflecting a growth of 4.5% from ¥44,091,695,385.66 in the previous year[17] - Deferred income tax assets increased to ¥481,458,715.71, a rise of 35.3% from ¥356,063,413.20 in the previous year[16] Inventory and Store Management - The total inventory as of March 31, 2023, was RMB 189.97 billion, compared to RMB 167.83 billion at the end of 2022[15] - The total value of inventory was RMB 16,782,967,832.01, indicating the company's stock management[24] - The company closed 103 stores and opened 14 new ones, resulting in a total of 2,168 stores at the end of the reporting period[13] Research and Development - Research and development expenses for Q1 2023 were ¥30,966,484.99, up 27.5% from ¥24,375,463.97 in Q1 2022[18] Future Outlook - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming quarters[25]