MIHF(SH:600337)2019-04-29 16:00Financial Performance - Operating revenue for the period was CNY 1,066,520,472.27, an increase of 5.15% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 66,856,510.43, reflecting a growth of 6.11% compared to the same period last year[5] - Total revenue for Q1 2019 was CNY 1,066,520,472.27, an increase from CNY 1,014,272,721.67 in Q1 2018, representing a growth of approximately 5.1%[34] - Net profit for Q1 2019 was CNY 65,103,807.72, compared to CNY 62,315,754.29 in Q1 2018, reflecting a growth of approximately 4.5%[36] - The company reported a total comprehensive income of CNY 58,644,861.92 for Q1 2019, down from CNY 69,332,530.08 in Q1 2018, reflecting a decrease of approximately 15.4%[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,428,158,157.85, a decrease of 3.82% compared to the end of the previous year[5] - The company's current assets totaled CNY 5,145,119,560.49, down from CNY 5,559,567,406.55 at the end of 2018, indicating a decline of approximately 7.45%[24] - Total liabilities decreased to CNY 3,723,056,885.15 from CNY 3,941,718,451.90, indicating a decline of approximately 5.5%[26] - The company's equity attributable to shareholders decreased to CNY 4,688,194,649.56 from CNY 4,801,692,210.39, a decrease of about 2.4%[28] - The total assets of the company stood at ¥8,762,535,794.79, unchanged from the previous reporting period[56] Cash Flow - The net cash flow from operating activities was CNY -296,939,075.61, worsening from CNY -172,049,334.57 in the previous year[5] - Cash flow from operating activities for Q1 2019 was negative at RMB -296.94 million, compared to RMB -172.05 million in Q1 2018[46] - Cash flow from investing activities was negative at RMB -178.80 million in Q1 2019, an improvement from RMB -277.23 million in Q1 2018[48] - Cash inflow from financing activities was ¥493,504,292.17, significantly higher than ¥181,350,982.21 in the previous year[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,337[10] - The largest shareholder, Meike Investment Group Co., Ltd., held 21.38% of the shares, amounting to 379,506,244 shares[10] - The company plans to adjust the repurchase of shares, having repurchased a total of 91,945,089 shares as of March 2019[21] Expenses - Research and development expenses surged by 267.25% year-on-year, driven by ongoing product development activities for new brands Jonathan Charles and Rowe[17] - Financial expenses increased by 112.35% year-on-year, largely due to increased working capital loans associated with stock repurchase activities[17] - Total operating costs for Q1 2019 were CNY 990,850,831.42, up from CNY 936,766,982.43 in Q1 2018, indicating an increase of about 5.8%[34] Inventory and Receivables - Inventory increased by 55.78% year-on-year, attributed to stock repurchase activities and the need for higher inventory levels for new store openings[14] - Other receivables rose by 54.22% year-on-year, mainly attributed to increased rental deposits for new stores and lifestyle experience centers[14] - The company reported a significant increase in other receivables, rising to CNY 166,932,916.69 from CNY 108,244,875.56, an increase of approximately 54.3%[24] Financial Adjustments - The company adjusted its financial asset classification, resulting in a 100% decrease in available-for-sale financial assets, now classified under other equity instruments[14] - The company has adjusted its financial assets classification under new accounting standards, impacting the reporting of available-for-sale financial assets[59]