Wanlin Logistics(SH:603117)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥105,035,829.36, representing a decrease of 31.69% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥1,221,332.32, down 70.44% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥660,116.37, a decline of 81.69% compared to the previous year[5]. - The net profit for Q1 2022 was -2,024,187.62 CNY, compared to a net profit of 1,025,161.49 CNY in Q1 2021, indicating a significant decline[20]. - Operating profit for Q1 2022 was -3,586,410.82 CNY, down from 1,412,816.75 CNY in the same period last year[20]. - The company reported a net profit margin of -6.5% for Q1 2022, compared to a profit margin of -0.7% in Q1 2021[19]. - The company reported a total comprehensive income of 2,618,865.00 CNY for Q1 2022, compared to 640,647.39 CNY in Q1 2021[21]. - The basic and diluted earnings per share for Q1 2022 were both 0.01 CNY, unchanged from Q1 2021[21]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥150,431,281.71, indicating a significant cash outflow[5]. - The net cash flow from operating activities for Q1 2022 was -150,431,281.71 CNY, an improvement from -455,559,135.17 CNY in Q1 2021[24]. - Cash and cash equivalents as of March 31, 2022, were RMB 35,983,788.40, down from RMB 66,225,774.43 as of December 31, 2021, indicating a decline of 45.5%[14]. - Cash and cash equivalents at the end of Q1 2022 totaled 29,563,101.33 CNY, down from 129,617,186.86 CNY at the end of Q1 2021[25]. - Investment activities generated a net cash flow of 2,639,176.45 CNY in Q1 2022, compared to -1,816,626.19 CNY in Q1 2021[24]. - Financing activities resulted in a net cash flow of 117,546,546.26 CNY in Q1 2022, down from 294,421,168.90 CNY in Q1 2021[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,544,354,087.11, down 8.47% from the end of the previous year[5]. - Total assets decreased to RMB 3,544,354,087.11 as of March 31, 2022, from RMB 3,872,523,052.17 as of December 31, 2021, a decline of 8.5%[17]. - Total liabilities decreased to RMB 1,420,357,135.16 in Q1 2022 from RMB 1,751,144,965.22 in Q1 2021, a reduction of 19.0%[16]. - The company’s equity attributable to shareholders increased to RMB 1,981,554,657.77 as of March 31, 2022, from RMB 1,977,728,343.18 as of December 31, 2021[17]. - The company’s short-term borrowings decreased to RMB 526,657,546.65 in Q1 2022 from RMB 822,357,934.43 in Q1 2021, a decrease of 36.0%[16]. Revenue and Costs - Total revenue for Q1 2022 was RMB 105,035,829.36, a decrease of 31.7% compared to RMB 153,758,787.53 in Q1 2021[19]. - Total operating costs for Q1 2022 were RMB 112,111,791.75, down from RMB 153,995,669.25 in Q1 2021, reflecting a reduction of 27.3%[19]. - The company experienced a 71.27% reduction in selling expenses due to business contraction[8]. - Total revenue from sales of goods and services in Q1 2022 was 162,185,365.82 CNY, an increase from 150,641,943.23 CNY in Q1 2021[22]. - The total operating expenses in Q1 2022 were 1,035,931,053.65 CNY, compared to 1,451,297,080.43 CNY in Q1 2021, showing a reduction in expenses[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,170[11]. - The top shareholder, Qiongcheng Bolui Investment Partnership, held 93,045,057 shares, accounting for 14.70% of total shares[11]. Other Financial Metrics - The weighted average return on net assets was -0.38%, a decrease of 0.55 percentage points compared to the previous year[5]. - Accounts receivable increased to RMB 269,590,049.45 in Q1 2022 from RMB 209,337,778.75 in Q1 2021, representing a growth of 28.8%[15]. - Inventory as of March 31, 2022, was RMB 124,186,564.97, slightly down from RMB 126,352,278.70 as of December 31, 2021[15].