YONGHUI SUPERSTORES(SH:601933)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 98.51% to CNY 23.32 million, down from CNY 1.57 billion in the same period last year[4] - Operating revenue declined by 9.99% to CNY 26.33 billion, compared to CNY 29.26 billion in the previous year[4] - Net cash flow from operating activities decreased by 65.86% to CNY 1.44 billion, down from CNY 4.21 billion year-on-year[4] - The weighted average return on equity dropped by 7.49 percentage points to 0.15%[4] - Basic earnings per share fell to CNY 0.00, a decrease of 100% compared to CNY 0.17 in the previous year[4] - Diluted earnings per share also dropped to CNY 0.00, down from CNY 0.16 year-on-year[4] - The company reported a net profit warning for H1 2021, indicating possible losses compared to the previous year[18] - The company reported a substantial loss in investment income of RMB 29.84 million, a decline of 410.60% compared to an income of RMB 0.96 million in the previous year[11] - The total comprehensive income attributable to the parent company was ¥23,147,949.26 in Q1 2021, down from ¥1,567,867,669.20 in Q1 2020[26] - Net profit for Q1 2021 was a loss of ¥131,622,142.86, compared to a profit of ¥1,591,294,233.86 in Q1 2020[26] Assets and Liabilities - Total assets increased by 42.80% to CNY 80.19 billion compared to the end of the previous year[4] - Non-current assets totaled ¥49,301,269,835.03, up from ¥22,979,491,789.26, indicating a significant increase of about 114.5%[21] - Total liabilities rose to ¥64,027,261,603.14 compared to ¥35,764,781,167.48, marking an increase of around 79.0%[22] - The company’s long-term liabilities, including lease liabilities, were reported at 27,114,440,534.64 CNY[34] - The total liabilities amounted to approximately ¥35.76 billion, a significant increase from ¥30.46 billion in the previous year, reflecting a growth of about 17.5%[35] - Total equity attributable to shareholders reached approximately ¥19.35 billion, up from ¥15.84 billion, indicating a year-over-year increase of around 22.5%[35] Cash Flow - Cash flow from operating activities in Q1 2021 was 1,438,074,635.83 RMB, a decrease of about 65.9% compared to 4,212,728,644.70 RMB in Q1 2020[30] - The net cash flow from operating activities was -99,051,443.94 CNY, a significant decrease compared to 2,656,504,891.59 CNY in the previous year[32] - The company reported a total cash inflow from financing activities of 13,079,990,161.03 RMB in Q1 2021, compared to 3,117,832,909.64 RMB in Q1 2020, showing a significant increase[31] Shareholder Information - The total number of shareholders reached 263,788 at the end of the reporting period[7] - The largest shareholder, Dairy Company, holds 20.10% of the shares, totaling 1.91 billion shares[7] - Zhang Xuansong, a major shareholder, has 12.79% of the shares, amounting to 1.22 billion shares, with 407.52 million shares pledged[7] Operational Changes - The company opened 10 new supermarkets during the first quarter of 2021, while closing 86 mini stores, leaving a total of 70 mini stores remaining[12] - The company has expanded its home delivery service to over 1,000 stores, with significant sales growth in this segment[16] - The company anticipates a potential decline in revenue growth for H1 2021 compared to the same period last year due to various market pressures[18] Financial Standards and Changes - The company adopted the new leasing standards effective January 1, 2021, which impacted the financial statements but did not adjust comparative period information[36] - Deferred tax assets increased significantly to RMB 4,498.29 million, up 851.81% from RMB 472.61 million, due to the new leasing standards[10] - Financial expenses surged to RMB 389.40 million, a 357.59% increase from RMB 85.10 million, due to increased interest expenses from non-exempt leasing contracts[11]