WFDSJ(SH:601010)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥698,812,351.25, representing a decrease of 8.76% compared to the same period last year[4] - The net profit attributable to shareholders was -¥24,016,758.60, a decline of 128.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥60,346,571.68, down 31.69% from the previous year[4] - The company's net profit significantly declined due to the impact of the pandemic and ongoing operational costs, including employee salaries and rent[13] - Net profit for Q1 2022 was -¥24,808,562.59, compared to a net profit of ¥84,149,266.06 in Q1 2021, representing a significant decline[19] - Operating profit for Q1 2022 was -¥16,930,353.13, a decrease from ¥111,999,968.15 in Q1 2021[18] - The company reported an investment loss of -¥76,046,813.55 in Q1 2022, contrasting with a gain of ¥5,605,951.58 in Q1 2021[18] - Basic and diluted earnings per share for Q1 2022 were both -¥0.01, compared to ¥0.05 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 39.13% to ¥78,010,120.84[4] - In Q1 2022, the company reported cash inflows from operating activities of CNY 1,059,421,831.59, a decrease of 0.8% compared to CNY 1,068,955,921.13 in Q1 2021[21] - The net cash flow from operating activities was CNY 78,010,120.84, down 39.2% from CNY 128,150,663.12 in the same period last year[21] - Cash inflows from investment activities totaled CNY 837,470,567.64, a significant decrease of 43.1% compared to CNY 1,471,087,191.31 in Q1 2021[22] - The net cash flow from investment activities was CNY 98,070,480.04, recovering from a negative cash flow of CNY -55,197,655.91 in Q1 2021[22] - Cash inflows from financing activities amounted to CNY 120,000,000.00, an increase of 50% from CNY 80,000,000.00 in Q1 2021[22] - The net cash flow from financing activities was CNY -3,804,216.56, a decline compared to CNY 69,701,503.71 in the previous year[22] - The total cash and cash equivalents at the end of Q1 2022 reached CNY 580,487,062.10, up from CNY 446,188,017.80 at the end of Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,335,329,108.84, a decrease of 0.47% from the end of the previous year[4] - The total assets as of Q1 2022 were ¥7,335,329,108.84, slightly down from ¥7,369,965,441.49 in Q1 2021[16] - The company's total liabilities as of Q1 2022 amounted to ¥2,607,765,487.68, slightly up from ¥2,583,591,727.74 in Q1 2021[16] - The company's total liabilities increased, with short-term borrowings rising to RMB 410,397,680.55 from RMB 360,397,680.55[15] - The total equity attributable to shareholders was ¥4,740,286,919.45 in Q1 2022, down from ¥4,798,305,208.05 in Q1 2021[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 99,455[8] - The largest shareholder, Jiangsu Wenfeng Group Co., Ltd., held 29.48% of the shares[8] Operational Challenges and Responses - The company's operating revenue decreased by 8.76% compared to the same period last year due to the ongoing impact of COVID-19, resulting in a significant decline in foot traffic and temporary store closures[11] - The company experienced a significant increase in accounts receivable, up 96.97% year-on-year, primarily from group purchases in department stores and electronics[5] - The company implemented measures to support small merchants, including rent waivers and early payment of goods, to alleviate financial pressures during the pandemic[11] - The company is actively monitoring the ongoing risks associated with the pandemic and its impact on market conditions[11] - The company launched the "Wenfeng Cloud Purchase" e-commerce platform to enhance online sales and improve competitiveness during the pandemic[11] Inventory and Expenses - The company's inventory remained relatively stable, with a slight decrease from RMB 423,420,054.66 to RMB 422,412,892.91[14] - The company spent CNY 664,459,504.30 on purchasing goods and services, an increase of 7.7% from CNY 616,616,801.50 in Q1 2021[21] - The company’s cash outflows for operating activities totaled CNY 981,411,710.75, an increase of 4.3% compared to CNY 940,805,258.01 in Q1 2021[21] - The financial expenses for Q1 2022 were ¥11,783,553.90, an increase from ¥9,100,245.98 in Q1 2021[18]