ST奥康(603001) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥767,947,704.54, representing a decrease of 8.97% compared to the same period last year [2] - The net profit attributable to shareholders for Q1 2022 was ¥11,701,265.92, down 75.09% year-over-year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,473,162.35, a decline of 96.05% compared to the previous year [2] - The basic and diluted earnings per share for Q1 2022 were both ¥0.0306, reflecting a decrease of 75.06% [2] - The weighted average return on equity was 0.34%, a decrease of 0.96 percentage points from the previous year [2] - The total operating revenue for Q1 2022 was ¥767.95 million, a decrease of 9.0% compared to ¥843.63 million in Q1 2021 [20] - Net profit for Q1 2022 was ¥11.55 million, a decline of 76.3% from ¥48.69 million in Q1 2021 [21] - Total comprehensive income for Q1 2022 was ¥10.95 million, a decrease of 78.1% from ¥50.16 million in Q1 2021 [22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥54,218,374.91, indicating a significant cash outflow [2] - Cash flow from operating activities in Q1 2022 was negative at ¥54.22 million, an improvement from negative ¥204.81 million in Q1 2021 [24] - The cash flow from operating activities showed a net decrease of ¥140,175,552.67 in Q1 2022, compared to a decrease of ¥370,562,971.64 in the same period last year [25] - The total cash outflow from operating activities was ¥293,832,654.87, down from ¥340,430,824.00 in Q1 2021, indicating a reduction of 13.7% [31] - Cash and cash equivalents decreased to CNY 621,987,960.93 from CNY 843,337,905.83, reflecting a liquidity contraction [15] - Cash and cash equivalents at the end of Q1 2022 were ¥550,467,710.51, down from ¥690,643,263.18 at the beginning of the quarter [25] - The cash and cash equivalents at the end of Q1 2022 stood at ¥414,401,670.95, compared to ¥358,513,648.35 at the end of Q1 2021, reflecting a year-over-year increase of 15.6% [32] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥4,290,544,509.86, down 1.76% from the end of the previous year [3] - The total liabilities decreased from CNY 900,254,985.17 to CNY 805,818,898.73, indicating improved financial stability [17] - The company's total liabilities increased to ¥800,862,852.71 in Q1 2022 from ¥791,847,385.45 at the end of 2021 [26] - The total equity as of March 31, 2022, was ¥3,779,223,946.37, a slight increase from ¥3,773,846,982.72 at the end of 2021 [27] Revenue Breakdown - The company reported a total revenue of 757,351,141.43 CNY, with a gross profit margin of 45.98%, reflecting a decrease of 9.43% in revenue compared to the previous year [11] - The brand "Aokang" generated revenue of 457,943,213.88 CNY, with a gross profit margin of 47.88%, which increased by 5.47 percentage points year-over-year [11] - The brand "Kanglong" achieved revenue of 105,246,257.42 CNY, with a gross profit margin of 50.14%, showing a year-over-year increase of 1.15 percentage points [11] - The brand "Skechers" reported revenue of 101,711,781.31 CNY, with a gross profit margin of 36.31%, which decreased by 1.95 percentage points compared to the previous year [12] - Online sales generated CNY 162,349,674.63, up 39.31% year-over-year, while offline sales totaled CNY 595,001,466.80, down 17.33% year-over-year, with an offline gross margin of 49.36%, an increase of 5.11 percentage points [13] - The company reported a significant increase in export revenue, which rose by 43.50% year-over-year to CNY 6,373,000.76, with a gross margin of 20.25%, an increase of 7.17 percentage points [13] Operational Changes - The number of independent stores decreased from 380 to 369, with 11 closures in the first quarter of 2022 [14] - The company opened 37 new stores while closing 88, resulting in a net decrease in total stores from 2,614 to 2,563 [14] Investment Activities - The company utilized bank financial products amounting to 5,000.00 CNY with an annualized return of 1.60% during the reporting period [9] - The company redeemed bank financial products worth 7,000.00 CNY with an annualized return of 1.60% [9] - The company has invested in various bank financial products, including a 3,000.00 CNY product with a return of 1.50% [9] Strategic Focus - The company plans to continue expanding its market presence and developing new products to enhance profitability [10] - The overall performance of the company indicates a strategic focus on improving gross margins across its brands [11]