GGITG(SH:601086)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 259,186,576.24, representing a decrease of 16.80% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 35,652,548.02, down by 15.96% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33,858,488.31, a decline of 20.42% compared to the previous year[5]. - The company experienced operational losses due to COVID-19, with store closures in Lanzhou, Baiyin, and Xining affecting Q1 performance[13]. - Total operating revenue for Q1 2022 was 583,538,846.09 RMB, a decrease of 36.7% compared to 919,199,159.75 RMB in Q1 2021[23]. - Net profit for Q1 2022 was 35,652,548.02 RMB, down 16.5% from 42,423,480.23 RMB in Q1 2021[21]. - Operating profit for Q1 2022 was 47,809,117.98 RMB, a decline of 14.1% from 55,655,463.53 RMB in Q1 2021[20]. - Total operating costs for Q1 2022 were 213,777,433.98 RMB, a decrease of 16.6% from 256,485,936.11 RMB in Q1 2021[20]. - Financial expenses for Q1 2022 were 2,136,716.69 RMB, an increase of 52.5% from 1,402,199.64 RMB in Q1 2021[20]. - Basic and diluted earnings per share for Q1 2022 were both 0.05 RMB, compared to 0.06 RMB in Q1 2021[21]. Cash Flow - The net cash flow from operating activities decreased significantly by 50.08%, amounting to CNY 47,150,343.39[5]. - Cash flow from operating activities for Q1 2022 was 47,150,343.39 RMB, a decrease of 50.1% compared to 94,453,728.37 RMB in Q1 2021[24]. - The net cash flow from operating activities decreased to CNY 92,020,013.84, down 39.3% from CNY 151,580,929.43 in the same period last year[30]. - Cash inflow from other operating activities of CNY 226,125,099.61, down 18.9% from CNY 279,030,664.33 in Q1 2021[30]. - The cash outflow for purchasing goods and services was CNY 72,978,798.10, a decrease of 24.0% from CNY 96,149,328.38 in Q1 2021[30]. - The cash outflow for other operating activities increased to CNY 278,737,072.41, up 23.3% from CNY 225,973,212.49 in the same period last year[30]. - The net cash flow from investing activities was -CNY 1,207,731.64, an improvement from -CNY 21,504,719.19 in Q1 2021[31]. - Cash inflow from financing activities remained stable at CNY 100,000,000.00, unchanged from Q1 2021[31]. - The net cash flow from financing activities decreased to CNY 88,087,332.36, down 10.6% from CNY 98,699,807.22 in the previous year[31]. - The total cash and cash equivalents at the end of Q1 2022 were CNY 430,303,103.64, a decrease of 27.8% from CNY 595,796,338.89 at the end of Q1 2021[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,571,481,838.11, an increase of 3.51% from the end of the previous year[6]. - Total assets amounted to CNY 2,571,481,838.11, up from CNY 2,484,333,621.82, representing a growth of 3.5%[17]. - Total liabilities increased to CNY 1,004,174,486.88 from CNY 941,900,520.45, reflecting a rise of 6.6%[17]. - The total current assets reached CNY 694,699,481.21, up from CNY 530,427,669.46, indicating a growth of approximately 31%[26]. - The total liabilities increased to CNY 726,454,365.05, compared to CNY 578,621,694.53, marking a rise of about 25.6%[27]. - Cash and cash equivalents increased to CNY 518,790,012.10 as of March 31, 2022, up from CNY 387,698,368.45 at the end of 2021, reflecting a growth of 33.8%[15]. - Accounts receivable rose to CNY 7,465,848.39 from CNY 4,820,747.41, indicating a 55.4% increase year-over-year[15]. - Inventory increased to CNY 126,466,821.53, compared to CNY 103,949,288.86 at the end of 2021, marking a growth of 21.6%[16]. - The company's long-term equity investments were CNY 815,803,195.11, slightly up from CNY 814,148,172.42, indicating a marginal increase of 0.2%[26]. - The total owner's equity reached CNY 1,446,632,872.21, a slight increase from CNY 1,444,556,360.85, reflecting a growth of about 0.1%[28]. Other Income and Expenses - The company reported a significant increase in investment income by 258.63%, attributed to higher earnings from joint ventures[9]. - Other income increased by 350.16% due to an increase in government subsidies[9]. - The company reported a decrease in management expenses from CNY 7,872,877.72 in Q1 2021 to CNY 4,090,962.08 in Q1 2022, a reduction of approximately 48%[28]. - The company's research and development expenses were not explicitly stated, but management indicated a focus on innovation and new product development[29]. - The company's equity attributable to shareholders increased by 1.61% to CNY 1,567,307,351.24 compared to the end of the previous year[6]. - The company's equity attributable to shareholders rose to CNY 1,567,307,351.24, compared to CNY 1,542,433,101.37, an increase of 1.6%[17]. - The weighted average return on equity was 2.29%, an increase of 0.03 percentage points[5].