茂业商业(600828) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 761,763,026.12, representing a decline of 77.55% year-on-year[12]. - Net profit attributable to shareholders was CNY 76,124,672.63, down 77.43% from the previous year[12]. - Basic earnings per share were CNY 0.0440, a decrease of 77.40% year-on-year[12]. - The company reported a net profit of -32,080,648.64 RMB for the current quarter, compared to a net profit of -628,775.41 RMB in the same quarter last year, indicating a significant decline in profitability[62]. - Total operating revenue for Q1 2020 was ¥761,763,026.12, a decrease of 77.6% compared to ¥3,393,448,085.19 in Q1 2019[54]. - Net profit for Q1 2020 was ¥73,513,205.46, a decline of 80.1% from ¥368,595,760.21 in Q1 2019[58]. - The company reported a profit before tax of ¥105,348,142.63 for Q1 2020, down 77.9% from ¥476,316,091.25 in Q1 2019[58]. - The total comprehensive income for Q1 2020 was ¥8,302,813.84, compared to ¥533,691,142.24 in Q1 2019[60]. Cash Flow - Net cash flow from operating activities was -CNY 639,636,444.18, a significant decrease of 3,536.30% compared to the same period last year[12]. - Cash flow from operating activities showed a net outflow of -639,636,444.18 RMB, compared to a net outflow of -17,590,317.16 RMB in the same quarter last year, reflecting a worsening cash position[67]. - The company generated cash inflows from operating activities totaling 1,794,799,632.18 RMB, down from 3,754,017,665.58 RMB year-over-year, indicating a decline of approximately 52.2%[67]. - Cash outflows for operating activities were 2,434,436,076.36 RMB, compared to 3,771,607,982.74 RMB in the previous year, representing a decrease of about 35.5%[67]. - The total cash and cash equivalents at the end of the quarter were 440,761,666.30 RMB, down from 1,294,879,394.03 RMB at the end of the same quarter last year, indicating a decrease of approximately 66.0%[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,612,994,276.62, a decrease of 2.83% compared to the end of the previous year[12]. - Total liabilities amounted to ¥10,788,578,981.77, a decrease from ¥11,339,485,687.42[47]. - Total equity attributable to shareholders reached ¥6,760,098,357.39, slightly up from ¥6,749,184,076.38[47]. - Current assets totaled ¥3,771,049,800.81, an increase from ¥2,998,632,266.81[49]. - Non-current assets were reported at ¥5,674,776,436.51, down from ¥5,734,769,876.56[52]. - The company reported total assets of RMB 8,733,402,143.37 as of January 1, 2020[83]. - Total current liabilities included accounts payable of RMB 35,915,331.94[85]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,506[19]. - The largest shareholder, Shenzhen Maoye Commercial Co., Ltd., held 80.90% of the shares[19]. Government and Other Income - The company received government subsidies amounting to CNY 3,347,388.71 during the period[15]. - The company reported a non-operating income of CNY 5,715,643.06, primarily from financial products and fund income[18]. Inventory and Costs - Operating costs decreased by 89.64% to ¥248,702,741.42, reflecting the same pandemic-related impacts and changes in revenue recognition[24]. - Inventory increased by 61.98% to ¥873,694,043.36, attributed to land compensation payments being included in development costs[24]. Investment and Financing Activities - The company plans to apply for a credit line of ¥2.3 billion from a bank to support its operational needs and repay existing debts[28]. - The company executed a management agreement with its controlling shareholder to manage 16 department stores, with a total management fee not exceeding ¥32 million[28]. - The company acquired an additional 15% stake in Vido Group for ¥57.75 million, increasing its ownership from 70% to 85%[31]. - The company raised 1,190,000,000.00 RMB through borrowings during the quarter, compared to 1,125,000,000.00 RMB in the previous year, reflecting a year-over-year increase of about 5.8%[69]. Organizational Changes - The company adjusted its organizational structure to enhance operational efficiency and management levels[31]. - The company appointed a new vice president to support its operational development[31].