MIHF(SH:600337)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,004,051,071.38, representing a decrease of 14.56% compared to the same period last year[6] - The net profit attributable to shareholders was -¥99,334,005.87, a decline of 232.39% year-on-year[6] - The net profit for Q1 2022 was a loss of ¥99,922,980.53, compared to a profit of ¥74,366,433.88 in Q1 2021[22] - The company's operating profit for Q1 2022 was a loss of ¥121,310,201.10, down from a profit of ¥88,909,165.32 in Q1 2021[22] - Basic and diluted earnings per share for Q1 2022 were both -¥0.07, compared to ¥0.05 in Q1 2021[23] - The company reported a comprehensive loss of ¥105,056,029.19 in Q1 2022, compared to a comprehensive income of ¥80,112,696.36 in Q1 2021[23] Cash Flow - The net cash flow from operating activities was -¥291,129,447.50, reflecting a decrease of 391.76% compared to the previous year[6] - Cash inflow from operating activities was ¥1,060,788,982.63 in Q1 2022, down from ¥1,409,812,233.96 in Q1 2021[25] - Cash outflow from investing activities totaled 81,531,540.60, down from 156,662,697.69 year-over-year, resulting in a net cash flow of -31,369,607.17[26] - Cash inflow from financing activities was 244,318,728.31, a decrease from 873,146,490.73 in the previous year, leading to a net cash flow of -126,202,619.89[27] - Total cash outflow from operating activities was 1,351,918,430.13, slightly up from 1,310,029,685.15 year-over-year[26] - The company experienced a net decrease in cash and cash equivalents of -448,911,470.26, compared to -110,153,286.70 in the previous year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,572,616,313.62, down 3.90% from the end of the previous year[7] - The total current assets as of March 31, 2022, amounted to 3,761,191,367.51 RMB, a decrease from 4,128,198,321.50 RMB at the end of 2021[17] - The total liabilities decreased to ¥5,264,675,058.15 in Q1 2022 from ¥5,547,816,810.08 in Q1 2021[19] - Total equity attributable to shareholders was ¥4,299,664,886.65 in Q1 2022, down from ¥4,403,726,886.15 in Q1 2021[19] - The total non-current assets as of March 31, 2022, were 5,811,424,946.11 RMB, slightly down from 5,832,615,773.24 RMB[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 35,552[12] - The largest shareholder, Meike Investment Group, holds 402,197,050 shares, representing 24.70% of the total shares, with 211,800,000 shares pledged[12] - The company reported a total of 70,000,000 shares held in a trust account, which is part of the total shares held by the largest shareholder[13] Operational Metrics - The company experienced a 62.41% decrease in taxes and surcharges due to reduced operating revenue and increased VAT input tax credits[9] - Other income decreased by 42.44% primarily due to lower government subsidies received compared to the previous year[9] - The company reported a 33.43% increase in credit impairment losses, indicating higher provisions compared to the same period last year[9] - Cash paid for purchasing goods and services was ¥600,878,734.10 in Q1 2022, compared to ¥563,766,338.45 in Q1 2021[25] - The company's cash and cash equivalents decreased to 628,336,179.74 RMB from 1,124,235,894.10 RMB[17] - Inventory increased to 2,404,284,129.77 RMB from 2,277,731,301.55 RMB, indicating a rise of approximately 5.6%[17] Future Plans - The company plans to focus on improving logistics and delivery capabilities to mitigate the impact of pandemic-related disruptions on sales[10]