汇嘉时代(603101) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 29.84% to CNY 854,069,602.67 year-on-year[6] - Net profit attributable to shareholders decreased by 42.90% to CNY 4,995,312.50 compared to the same period last year[6] - Basic earnings per share decreased by 59.18% to CNY 0.0149[6] - The company reported a significant decline in net profit and revenue, indicating challenges in the current market environment[6] - Net profit attributable to the parent company declined by 42.90% to ¥4,995,312.50, primarily due to decreased operating income as a result of the pandemic[15] - Operating costs decreased by 30.04% to ¥704,194,627.80, largely due to the temporary closure of stores in February[15] - Sales expenses fell by 27.81% to ¥91,023,489.27, also impacted by reduced activities during the pandemic[15] - Total operating revenue for Q1 2020 was ¥856,242,030.01, a decrease of 29.9% compared to ¥1,221,842,933.36 in Q1 2019[31] - Net profit for Q1 2020 was ¥4,995,312.50, a decline of 64.7% from ¥14,138,649.67 in Q1 2019[31] - The company's revenue for Q1 2020 was ¥290,482,106.56, a decrease of 41% compared to ¥491,582,073.88 in Q1 2019[35] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 126.92% to -CNY 46,391,122.98[6] - Cash and cash equivalents increased by 43.47% compared to the beginning of the year, reaching ¥243,550,221.33, primarily due to the addition of long-term bank loans during the reporting period[14] - Cash inflow from operating activities in Q1 2020 was ¥1,053,301,054.46, compared to ¥1,404,804,370.76 in Q1 2019, reflecting a decrease of approximately 25%[37] - The total cash outflow from operating activities in Q1 2020 was 435,985,236.73 RMB, down from 819,650,743.28 RMB in Q1 2019, representing a reduction of approximately 46.8%[42] - The company reported a net increase in cash and cash equivalents of 85,281,083.88 RMB for Q1 2020, compared to an increase of 11,354,799.51 RMB in Q1 2019[41] - The cash flow from investing activities was negative at -3,298,388.00 RMB in Q1 2020, compared to -50,038,321.91 RMB in Q1 2019, indicating improved cash management in investments[42] Assets and Liabilities - Total assets increased by 2.38% to CNY 3,901,444,629.63 compared to the end of the previous year[6] - Cash and cash equivalents increased to ¥187,170,776.96 from ¥81,869,933.18, representing a growth of 128.5%[25] - Total assets as of March 31, 2020, were ¥2,967,417,750.25, up from ¥2,863,745,190.52 at the end of 2019, indicating a growth of 3.6%[27] - Total liabilities increased to ¥1,974,628,261.95 from ¥1,867,170,655.05, reflecting a rise of 5.7%[27] - Total liabilities reached RMB 2,430,618,042.50, with current liabilities at RMB 2,160,569,966.60 and non-current liabilities at RMB 270,048,075.90[47] - The company has a short-term loan of RMB 428,636,801.72, indicating reliance on external financing[47] Shareholder Information - The total number of shareholders reached 17,479 by the end of the reporting period[10] - The largest shareholder, Pan Jinhai, holds 62.39% of the shares, with 149,350,000 shares pledged[10] Other Financial Metrics - The weighted average return on net assets decreased by 0.39 percentage points to 0.26%[6] - Non-recurring gains and losses totaled CNY 1,346,680.46 for the reporting period[10] - Other receivables rose by 49.70% to ¥139,655,504.80, influenced by delayed collections of receivables due to the pandemic[14] - Construction in progress increased by 60.03% to ¥25,437,151.12, attributed to the renovation of stores and counters during the reporting period[14] - Short-term borrowings decreased by 32.25% to ¥290,404,976.14, as the company repaid short-term bank loans[14] - Long-term borrowings surged by 153.80% to ¥495,881,825.67, reflecting an increase in long-term bank loans during the reporting period[14] - Deferred tax assets were recorded at RMB 7,218,439.82, reflecting potential future tax benefits[46] - The company implemented new revenue recognition standards, impacting the classification of prepayments and deferred income[48]