YONGHUI SUPERSTORES(SH:601933)2023-04-28 16:00Financial Performance - The total revenue for Q1 2023 was RMB 23,802,041,478.56, representing a decrease of 12.63% compared to the same period last year[4]. - The net profit attributable to shareholders was RMB 704,225,687.58, an increase of 40.24% year-on-year[4]. - Total revenue for Q1 2023 was 22,088,140,666.18 RMB, a decrease of 12.37% year-over-year[15]. - Net profit for Q1 2023 reached ¥678.85 million, an increase of 39.2% from ¥487.58 million in Q1 2022[20]. - The total comprehensive income attributable to the parent company for Q1 2023 was ¥705,435,018.06, an increase from ¥503,168,915.28 in Q1 2022, representing a growth of approximately 40.2%[21]. Cash Flow - The net cash flow from operating activities decreased by 57.66%, amounting to RMB 1,096,074,324.06[4]. - The net cash flow from operating activities for Q1 2023 was ¥1,096,074,324.06, a decrease of 57.6% compared to ¥2,588,805,235.63 in Q1 2022[22]. - The total cash inflow from financing activities in Q1 2023 was ¥570,355,510.30, down from ¥1,901,185,694.77 in Q1 2022, indicating a decline of approximately 70%[23]. - The company reported a net cash outflow from financing activities of ¥2,401,951,203.09 in Q1 2023, compared to a net outflow of ¥2,040,239,965.75 in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 56,251,359,887.74, down 9.48% from the end of the previous year[5]. - The total assets decreased to ¥56.25 billion in Q1 2023 from ¥62.14 billion in Q1 2022, reflecting a decline of 9.5%[18]. - Total liabilities decreased to ¥48.14 billion in Q1 2023 from ¥54.49 billion in Q1 2022, a reduction of 11.6%[18]. - The company's cash and cash equivalents were 6,423,570,602.14 RMB as of March 31, 2023, compared to 7,615,940,712.22 RMB at the end of 2022[16]. - The company's cash and cash equivalents decreased to ¥19.89 billion from ¥24.54 billion, a decline of 19.0%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 226,200[9]. - The equity attributable to shareholders increased by 6.43% to RMB 7,945,721,707.27[5]. - The company’s total equity increased to ¥8.11 billion in Q1 2023 from ¥7.66 billion in Q1 2022, an increase of 5.9%[18]. Operational Metrics - The basic earnings per share were RMB 0.08, reflecting a growth of 33.33% compared to the previous year[4]. - The basic earnings per share for Q1 2023 increased to ¥0.08 from ¥0.06 in Q1 2022, reflecting a growth of 33.3%[21]. - Online business revenue reached 4.02 billion RMB, accounting for 16.90% of total revenue, with an average daily order volume of 469,000 and a 6% increase in average transaction value[15]. - The company reported a significant decrease in revenue across various regions, with the Southeast region down by 9.88% and the North China region down by 17.1%[14]. Inventory and Costs - Inventory decreased by 32.93% as a result of optimized stock management[7]. - The inventory as of March 31, 2023, was 7,019,602,698.12 RMB, down from 10,466,589,497.14 RMB at the end of 2022[16]. - Total operating costs for Q1 2023 were ¥23.08 billion, down 13.5% from ¥26.49 billion in Q1 2022[19]. - The cash outflow for purchasing goods and services in Q1 2023 was ¥20,393,487,113.59, down from ¥24,200,917,781.40 in Q1 2022, indicating a decrease of about 15.5%[22]. Strategic Developments - The company has established strategic partnerships for its third-party platform home delivery business, which covered 942 stores and generated sales of 2.07 billion RMB[15]. - The company opened new stores in Q1 2023, including a location in Guizhou with a leasing area of 7,137.1 square meters[13].