CBEST(SH:600729)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥5,271,384,425.66, a decrease of 19.04% compared to ¥6,510,866,756.03 in the same period last year[6]. - Net profit attributable to shareholders was ¥413,627,284.97, down 5.03% from ¥429,179,544.18 year-on-year[6]. - Basic earnings per share decreased by 3.70% to ¥1.04, down from ¥1.07 in the same period last year[9]. - Net profit for Q1 2022 was ¥425,528,139.62, compared to ¥445,078,516.55 in Q1 2021, reflecting a decrease of 4.1%[34]. - Earnings per share for Q1 2022 were ¥1.04, down from ¥1.08 in Q1 2021[34]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 132.07% to ¥1,025,870,642.23, compared to ¥442,044,905.15 in the previous year[9]. - Cash inflow from operating activities for Q1 2022 was approximately ¥8.86 billion, a decrease of 14.4% compared to ¥10.36 billion in Q1 2021[39]. - Net cash outflow from investing activities was approximately -¥128.62 million, a significant decline from a net inflow of ¥860.45 million in Q1 2021[41]. - Net cash inflow from financing activities was approximately ¥213.92 million, recovering from a net outflow of -¥1.25 billion in Q1 2021[41]. - The total cash and cash equivalents at the end of Q1 2022 amounted to approximately ¥3.26 billion, an increase from ¥2.37 billion at the end of Q1 2021[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥18,451,232,483.09, reflecting a 4.26% increase from ¥17,697,722,662.58 at the end of the previous year[9]. - The company's total assets amounted to approximately CNY 18.45 billion, an increase from CNY 17.70 billion as of December 31, 2021, representing a growth of about 4.25%[25]. - The company's current assets reached CNY 8.29 billion, up from CNY 7.33 billion, indicating a growth of approximately 13.06% year-over-year[25]. - The company's total liabilities increased to ¥12,117,903,552.32 in the current period from ¥11,781,807,348.90 in the previous period[28]. - The total liabilities of the company were CNY 8.62 billion, compared to CNY 8.06 billion, which is an increase of about 6.93%[27]. Operational Challenges and Strategies - The company faced challenges due to COVID-19 restrictions, leading to decreased foot traffic and product shortages, impacting revenue and profit[9]. - The company is enhancing member operations to increase sales contribution from members and improve member engagement[9]. - The company is focusing on online operations, including live sales and multi-channel marketing to boost sales[9]. Investment and R&D - Research and development expenses for Q1 2022 were ¥10,393,208.84, significantly higher than ¥782,354.17 in Q1 2021, indicating a focus on innovation[32]. - The company reported an investment income of ¥85,870,988.89 in Q1 2022, up from ¥58,617,179.29 in Q1 2021, showing improved performance in investments[32]. Other Financial Metrics - The weighted average return on equity increased by 0.38 percentage points to 6.89% compared to the previous year[9]. - The company reported non-recurring gains of ¥45,511,617.64 from the disposal of non-current assets[11]. - The company completed a share reduction plan, with the controlling shareholder reducing holdings by 12,195,600 shares, which is 3% of the total share capital[20]. - The company's inventory decreased slightly to CNY 2.48 billion from CNY 2.54 billion, a reduction of approximately 2.68%[25]. - The company’s other receivables increased to CNY 122.27 million from CNY 115.79 million, reflecting a growth of about 5.73%[25].