JOEONE(SH:601566)2020-04-24 16:00Financial Performance - Operating revenue decreased by 27.63% to CNY 57,942.72 million year-on-year[6] - Net profit attributable to shareholders decreased by 76.67% to CNY 6,313.38 million compared to the same period last year[6] - The weighted average return on equity decreased by 4.45 percentage points to 1.47%[6] - Basic earnings per share dropped by 76.60% to CNY 0.11 per share[6] - The company reported a net profit of ¥594,942,994.05 for the first quarter of 2020, compared to ¥594,544,353.26 in the same period last year, showing a slight increase[43] - Total operating revenue for Q1 2020 was ¥579.43 million, a decrease of 27.5% compared to ¥800.67 million in Q1 2019[44] - Net profit for Q1 2020 was ¥62.10 million, a decline of 77.2% from ¥271.34 million in Q1 2019[45] - Operating profit for Q1 2020 was ¥76.51 million, a decrease of 78.4% compared to ¥354.89 million in Q1 2019[45] - Total comprehensive income for Q1 2020 was ¥62.40 million, down from ¥267.71 million in Q1 2019[45] Cash Flow - Net cash flow from operating activities increased by 5.51% to CNY 10,814.02 million[6] - The net cash flow from operating activities was CNY 108,140,231.22, showing a slight increase of 5.3% from CNY 102,491,900.33 in the same period last year[50] - The cash inflow from operating activities was CNY 732,685,791.73, a decrease of 20.2% compared to CNY 917,810,022.51 in Q1 2019[50] - The cash inflow from financing activities was CNY 218,195,058.70, significantly higher than CNY 24,674,434.75 in Q1 2019[51] - The net cash flow from financing activities increased to CNY 196,124,871.20 from CNY 1,689,819.75 in the previous year[51] - The company reported a net cash outflow from operating activities of -CNY 198,109,729.86 in Q1 2020, contrasting with a net inflow of CNY 163,438,241.35 in Q1 2019[53] Assets and Liabilities - Total assets increased by 5.25% to CNY 611,224.47 million compared to the end of the previous year[6] - Total current assets increased from CNY 2,365,618,919.58 as of December 31, 2019, to CNY 2,665,295,922.06 as of March 31, 2020[38] - Current liabilities rose to ¥1,771,563,666.50, compared to ¥1,499,512,435.74, marking an increase of about 18.1%[39] - Total liabilities increased to ¥1,777,178,844.17 from ¥1,534,526,980.06, reflecting a growth of approximately 15.8%[39] - Total current liabilities amounted to 1,301,697,222.01, with a significant increase of 95,296,369.09 compared to the previous period[61] - Total liabilities reached 1,333,388,620.72, showing an increase of 70,938,303.72 compared to the last reporting period[61] Shareholder Information - The total number of shareholders reached 19,610 by the end of the reporting period[10] - The largest shareholder, Jomoo International Investment Holdings, holds 53.73% of the shares, amounting to 308,768,140 shares[10] Investments - The company has committed to invest CNY 990 million in the "Jinglin Jiusheng Internet Fashion Industry Fund," which focuses on internet fashion-related projects[18] - The company has invested a total of 120,357.12 million RMB in various financial products, with a total expected return of 369.54 million RMB[26] - The company has multiple ongoing investments in bank wealth management products, with amounts ranging from 300.00 million RMB to 11,356.95 million RMB[25][26] - The company has a significant portion of its investments in equity investment products, with a total of 168.36 million RMB and 450.05 million RMB allocated to such products[25] Revenue by Brand - JOEONE brand's revenue was CNY 46,690.78 million, down 30.77% year-over-year, with a gross margin of 57.88%[30] - FUN brand's revenue increased by 12.96% year-over-year to CNY 6,960.13 million, with a gross margin of 59.88%[30] - Overall revenue for the first quarter was CNY 57,311.79 million, representing a decline of 26.41% compared to the previous year[30] Store Information - Total number of stores decreased from 2,932 in Q1 2019 to 2,897 in Q1 2020, a reduction of 1.19%[27] - The number of JOEONE direct stores decreased from 766 to 758, while franchise stores decreased from 1,735 to 1,713[29] - The company reported a total of 2,897 stores as of March 31, 2020, with a total area of 325,262 square meters[29]