茂业商业(600828) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥863,390,960.84, representing a decrease of 28.67% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥41,092,854.49, down 80.61% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,356,828.48, a decrease of 78.45% compared to the previous year[6]. - The basic earnings per share for the period was ¥0.0237, reflecting a decline of 80.64% year-over-year[9]. - Net profit for Q1 2022 was ¥38,746,743.05, a decline of 82.4% from ¥220,360,456.54 in Q1 2021[31]. - Earnings per share for Q1 2022 were ¥0.0237, compared to ¥0.1224 in Q1 2021[33]. - The company experienced a significant drop in investment income, reporting a loss of ¥1,129,613.58 compared to a gain of ¥3,519,581.52 in Q1 2021[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥20,758,743,083.40, down 2.87% from the end of the previous year[9]. - As of March 31, 2022, total assets amounted to RMB 20.76 billion, a decrease from RMB 21.37 billion at the end of 2021[25]. - The company's total liabilities amounted to ¥13,071,687,043.67, a decrease from ¥13,750,467,837.51 in the previous period[31]. - Total current liabilities decreased from RMB 5.84 billion to RMB 5.51 billion during the same period[25]. - Long-term borrowings decreased from RMB 4.08 billion to RMB 3.79 billion[25]. Cash Flow - The net cash flow from operating activities was ¥221,752,705.48, a slight decrease of 2.88% compared to the same period last year[6]. - Operating cash flow from operating activities was $221.75 million, a slight decrease of 2.5% compared to $228.33 million in the previous period[37]. - Cash inflow from investment activities totaled $314.38 million, significantly up from $7.73 million in the previous period[38]. - Net cash flow from financing activities was -$744.73 million, compared to -$140.19 million in the previous period, indicating increased outflows[38]. - Total cash and cash equivalents at the end of the period stood at $284.69 million, down from $485.14 million in the previous period[38]. Operational Challenges - The decline in net profit was primarily due to prolonged store closures caused by the pandemic and the nearing sell-out of the Maoye Haoyuan project[11]. - The company reported non-recurring gains and losses totaling -¥3,263,973.99, mainly from trading financial assets[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,125[14]. - Total equity attributable to shareholders was ¥7,132,422,443.39, an increase from ¥7,065,071,824.89[31]. Strategic Initiatives - The company plans to establish a wholly-owned subsidiary, Chengdu Maoye Real Estate Management Co., Ltd., with a registered capital of RMB 1 million, focusing on enterprise management and commercial complex management services[19]. - The company has decided not to participate in the acquisition of 100% equity of Shenyang Commercial City Department Store Co., Ltd., which will not affect its normal operations[19]. - The company intends to apply for a credit line of RMB 200 million from China Minsheng Bank Chengdu Branch, with a loan term of up to 24 months, secured by a property in Chengdu[19].