YIMIN GROUP(SH:600824)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥223,936,268.02, a decrease of 26.95% compared to the same period last year[4] - The net profit attributable to shareholders was ¥36,323,994.48, down 10.59% year-on-year[4] - The basic earnings per share were ¥0.034, reflecting a decline of 12.82% compared to the previous year[4] - Total operating revenue for Q1 2022 was ¥226,590,218.51, a decrease of 27.6% compared to ¥313,254,798.42 in Q1 2021[18] - Net profit for Q1 2022 was ¥36,059,746.55, a decline of 11.5% from ¥40,730,829.73 in Q1 2021[20] - Earnings per share for Q1 2022 were ¥0.034, compared to ¥0.039 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥89,756,066.93, a decrease of 22.46% year-on-year[4] - In Q1 2022, cash inflow from operating activities was $202.65 million, a decrease of 32.1% compared to $298.43 million in Q1 2021[23] - Cash outflow from operating activities totaled $292.41 million in Q1 2022, down 29.4% from $414.18 million in Q1 2021[23] - Net cash flow from operating activities was -$89.76 million in Q1 2022, an improvement from -$115.76 million in Q1 2021[23] - The net increase in cash and cash equivalents was -$1.14 billion in Q1 2022, worsening from -$616.67 million in Q1 2021[24] - The ending balance of cash and cash equivalents was $225.34 million in Q1 2022, down 47.3% from $426.17 million in Q1 2021[24] - The company reported a significant decrease in cash received from sales of goods and services, totaling $128.83 million in Q1 2022, compared to $217.74 million in Q1 2021, a decline of 41.0%[23] - Cash received from interest, fees, and commissions was $2.69 million in Q1 2022, down 60.7% from $6.86 million in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,557,371,845.18, a slight decrease of 0.26% from the end of the previous year[5] - Total liabilities as of Q1 2022 amounted to ¥821,413,235.92, a decrease from ¥866,716,254.99 in the previous year[17] - Total equity attributable to shareholders was ¥2,701,298,537.75, an increase from ¥2,664,974,543.27 in the previous year[17] - The company's cash and cash equivalents decreased by 83.43% to ¥225,344,197.65, primarily due to investments in bank wealth management products[8] - Accounts receivable increased by 167.49% to ¥105,159,903.29, mainly due to outstanding payments for goods[8] - Inventory increased slightly from 308,693,023.43 RMB to 318,871,573.85 RMB, an increase of approximately 3.8%[16] Investment Activities - The company’s investment payments increased by 106.28% to ¥1,001,900,000.00, mainly due to the purchase of bank wealth management products[9] - Investment cash outflow in Q1 2022 was $1.01 billion, significantly higher than $485.70 million in Q1 2021, resulting in a net cash flow from investment activities of -$1.00 billion[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 59,625[11] - The largest shareholder, Shanghai Huaihai Commercial (Group) Co., Ltd., holds 411,496,529 shares, accounting for 39.04% of total shares[12] Operational Challenges - The company is closely monitoring the impact of the COVID-19 pandemic on its business operations and financial condition[13] - The company has not provided specific financial impact estimates related to the pandemic as of the report date[13] - The company is evaluating its leasing market and overall financial performance in light of ongoing pandemic developments[13] Other Financial Metrics - The company reported a significant reduction in interest income, which fell to ¥2,653,950.49 from ¥6,684,414.01 in Q1 2021[18] - Research and development expenses for Q1 2022 were ¥816,544.37, slightly down from ¥903,043.38 in Q1 2021[18] - The company experienced a decrease in sales expenses, which were ¥36,291,130.37 compared to ¥40,571,651.53 in Q1 2021[18] - The report indicates that the financial statements are unaudited as of March 31, 2022[15]