中国中免(601888) - 2023 Q1 - 季度财报

Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 20.77 billion, representing a year-on-year increase of 23.76% and a quarter-on-quarter increase of 37.83%[10] - The net profit attributable to shareholders was CNY 2.30 billion, reflecting a decrease of 10.25% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2.30 billion, down 10.27% year-on-year[4] - The company reported a basic earnings per share of CNY 1.1121, down 15.29% year-on-year[4] - Net profit for Q1 2023 was RMB 2.47 billion, a decrease of 15.4% compared to RMB 2.92 billion in Q1 2022[16] - The company’s total profit for Q1 2023 was RMB 3.16 billion, a decrease from RMB 3.50 billion in Q1 2022[15] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 79.86 billion, an increase of 5.21% from the end of the previous year[5] - The equity attributable to shareholders was CNY 50.57 billion, up 4.11% compared to the end of the previous year[5] - Total current assets increased to ¥60,713,581,448.30 as of March 31, 2023, up from ¥57,205,480,397.42 at the end of 2022, representing a growth of approximately 4.4%[12] - Non-current assets totaled ¥19,150,426,975.04, an increase from ¥18,702,123,483.56, reflecting a growth of about 2.4%[12] - Total assets reached ¥79,864,008,423.34, compared to ¥75,907,603,880.98 at the end of 2022, marking an increase of approximately 3.9%[13] - Total liabilities rose to ¥23,580,888,152.53 from ¥21,780,192,148.77, indicating an increase of around 8.2%[13] - The company's total equity increased to ¥56,283,120,270.81, up from ¥54,127,411,732.21, which is a growth of about 4.0%[13] Cash Flow - The net cash flow from operating activities was CNY 7.42 billion, with no applicable year-on-year comparison[4] - Cash flow from operating activities generated RMB 7.42 billion in Q1 2023, a significant improvement from a negative cash flow of RMB -1.23 billion in Q1 2022[18] - The net increase in cash and cash equivalents was 6,304,151,692.14, contrasting with a decrease of -2,693,972,143.12 in the prior year[19] - The ending balance of cash and cash equivalents reached 32,066,294,878.78, up from 13,962,570,232.36[19] Operational Changes - The company has implemented new policies such as "guarantee and pick-up" and "immediate purchase and pick-up" starting April 1, 2023, enhancing customer shopping experience[10] - The company is focused on optimizing product supply and improving service quality to tap into the potential of duty-free consumption[10] Other Financial Metrics - The weighted average return on equity decreased by 3.67 percentage points to 4.64%[4] - Cash and cash equivalents amounted to ¥32,067,291,940.81, up from ¥26,891,700,248.67, representing an increase of approximately 19.9%[12] - Accounts receivable decreased slightly to ¥141,837,434.18 from ¥151,301,004.74, a decline of about 6.5%[12] - Inventory decreased to ¥26,138,864,881.84 from ¥27,926,480,059.82, reflecting a decline of approximately 6.4%[12] - The company reported a short-term loan balance of ¥1,929,681,030.80, which is relatively stable compared to ¥1,932,230,516.44 from the previous period[12] - The company's retained earnings increased to ¥29,749,267,352.53 from ¥27,448,495,044.11, indicating a growth of approximately 8.4%[13] - Total operating costs for Q1 2023 were RMB 17.49 billion, up 30.5% from RMB 13.38 billion in Q1 2022[15] - The company incurred a financial expense of RMB -310.32 million in Q1 2023, compared to RMB -79.61 million in Q1 2022[15] - Other comprehensive income after tax for Q1 2023 was RMB -303.89 million, compared to RMB -93.81 million in Q1 2022[16] - The company reported a decrease in tax expenses to RMB 690.06 million in Q1 2023 from RMB 587.18 million in Q1 2022[16] - Cash inflow from financing activities totaled 84,578,732.32, with cash outflow amounting to 179,010,219.67, resulting in a net cash flow from financing activities of -94,431,487.35[19] - The impact of exchange rate changes on cash and cash equivalents was -617,894,179.16, compared to -18,040,622.19 in the previous period[19]