S.Y.C.C.(SH:600306)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 36,038,500.29, representing a decrease of 0.30% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of CNY 14,538,877.01, with a basic and diluted earnings per share of -CNY 0.06[4]. - The net loss for Q1 2022 was CNY 14,532,374.15, compared to a net loss of CNY 17,177,137.39 in Q1 2021, showing an improvement of approximately 15.5%[17]. - The total comprehensive income attributable to the parent company for Q1 2022 was -14,538,877.01 RMB, compared to -17,182,202.27 RMB in the same period last year, indicating a reduction in losses[18]. - The weighted average return on net assets was -37.25%, a decrease of 30.16 percentage points compared to the same period last year[4]. Cash Flow - The net cash flow from operating activities was -CNY 5,745,798.99, reflecting a significant decrease of 126.47% year-on-year[4]. - Cash inflow from operating activities totaled 129,835,009.95 RMB in Q1 2022, up from 120,078,490.22 RMB in Q1 2021, reflecting a growth of approximately 13.1%[21]. - Cash outflow from operating activities increased to 135,580,808.94 RMB in Q1 2022, compared to 98,371,541.25 RMB in Q1 2021, representing a rise of about 37.7%[21]. - The cash flow from financing activities in Q1 2022 resulted in a net outflow of -32,130,782.47 RMB, compared to -23,163,600.37 RMB in Q1 2021, indicating a worsening cash position[23]. - The total cash inflow from financing activities was 95,000,000.00 RMB in Q1 2022, down from 155,922,170.78 RMB in Q1 2021, indicating a decrease of approximately 39%[23]. - The total cash outflow for financing activities was 127,130,782.47 RMB in Q1 2022, compared to 179,085,771.15 RMB in Q1 2021, showing a reduction of about 29.1%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,422,196,354.56, down 2.93% from the end of the previous year[5]. - The total liabilities as of March 31, 2022, were CNY 1,389,632,772.48, down from CNY 1,418,097,248.07 at the end of 2021, indicating a reduction of about 2.0%[14]. - The company's cash and cash equivalents decreased to CNY 84,182,339.23 from CNY 123,578,317.16 at the end of 2021, representing a decline of approximately 31.9%[12]. - The company's equity attributable to shareholders decreased to CNY 31,758,023.32 from CNY 46,296,900.33 at the end of 2021, a decline of approximately 31.4%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,943[9]. - The top shareholder, Shenzhen Leading Semiconductor Investment Co., Ltd., held 53,436,000 shares, accounting for 23.08% of the total shares[9]. Business Operations - The company did not report any new product developments or market expansion strategies during this quarter[3]. - The company experienced temporary store closures due to COVID-19, impacting operations from March 19, 2022, until reopening on April 13 and 14, 2022[11]. - The company plans to sell its wholly-owned subsidiary Shenyang Commercial City Department Store Co., Ltd., which may constitute a significant asset restructuring[11]. - The company is actively promoting the implementation of the asset sale transaction as per the signed letter of intent with the second-largest shareholder[11].