爱婴室(603214) - 2022 Q1 - 季度财报

Major Financial Data Key Accounting Data and Financial Indicators In Q1 2022, the company's operating revenue increased by 57.38% year-over-year, but net profit attributable to shareholders turned to a loss, decreasing by 210.40%; net cash flow from operating activities significantly grew by 538.62%, while total assets and shareholder equity remained relatively stable Key Accounting Data and Financial Indicators | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | RMB 854,708,891.78 | 57.38% | | Net Profit Attributable to Shareholders | RMB -12,271,493.11 | -210.40% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | RMB -16,900,817.93 | -782.26% | | Net Cash Flow from Operating Activities | RMB 125,781,070.70 | 538.62% | | Basic Earnings Per Share (RMB/share) | -0.09 | -208.40% | | Weighted Average Return on Net Assets (%) | -0.97% | Decreased by 2.07 percentage points | | | End of Current Period | Change from Prior Year-End (%) | | Total Assets | RMB 2,877,021,598.89 | 1.40% | | Shareholders' Equity Attributable to Shareholders | RMB 1,007,656,320.89 | -1.27% | Non-Recurring Gains and Losses Total non-recurring gains and losses for the period amounted to RMB 4.63 million, primarily from RMB 4.50 million in wealth management product income and RMB 1.12 million in government grants Non-Recurring Gains and Losses | Item | Amount (RMB) | Description | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 787,514.49 | - | | Government Grants Recognized in Current Profit/Loss | 1,116,889.07 | Government grant refund | | Other Non-Operating Income and Expenses | -216,602.94 | - | | Other Items Meeting the Definition of Non-Recurring Gains/Losses | 4,503,072.05 | Income from wealth management products | | Total | 4,629,324.82 | - | Analysis of Changes in Key Financial Data and Indicators Significant financial indicator changes this quarter were driven by the October 2021 acquisition of Beibeixiong and online business growth, leading to a 57.38% revenue increase but also higher costs and expenses, resulting in net profit decline, while operating cash flow improved due to sales growth and online business collections - Operating revenue increased by 57.38% to RMB 855 million, primarily due to business scale expansion following the acquisition of Beibeixiong in October 2021 and growth in online business[8] - Various costs and expenses increased with revenue growth: operating costs by 65.53%, selling expenses by 49.08%, administrative expenses by 37.87%, and financial expenses by 64.96%[8] - Net cash flow from operating activities significantly increased by 538.62%, mainly due to sales revenue growth and cash collection from online business pre-stocking[9] - To improve capital utilization efficiency, the company increased purchases of stable wealth management products, leading to a 97.71% increase in trading financial assets compared to the beginning of the year[8] Shareholder Information Shareholder Holdings As of the end of the reporting period, the company had 24,709 common shareholders; the top two shareholders, Shi Qiong and Partners Group Harmonious Baby Limited, held 22.81% and 16.97% respectively, with some shareholders having concerted action relationships and pledged shares - As of the end of the reporting period, the company had 24,709 common shareholders[11] Top Ten Shareholders' Holdings | Shareholder Name | Nature | Holding Ratio (%) | Number of Shares Held | Pledge Status | | :--- | :--- | :--- | :--- | :--- | | Shi Qiong | Domestic Individual | 22.81% | 32,280,855 | None | | Partners Group Harmonious Baby Limited | Overseas Legal Entity | 16.97% | 24,012,404 | None | | Mo Ruiqiang | Domestic Individual | 11.87% | 16,800,000 | Pledged 2,170,000 shares | | Dong Qincun | Domestic Individual | 2.92% | 4,137,000 | Pledged 2,887,020 shares | | Yang Qingfen | Domestic Individual | 2.44% | 3,450,000 | None | - Shareholders Shi Qiong and Mo Ruiqiang are parties acting in concert; Mo Ruiqiang is the executive partner of Shanghai Maoqiang Investment Management Partnership (Limited Partnership)[13] Other Reminders Other Important Information The company has no other significant operational information requiring special attention from investors during this reporting period - The company confirms there are no other significant operational matters requiring investor attention during the reporting period[14] Quarterly Financial Statements Financial Statements This quarter's financial statements are unaudited; consolidated statements show that despite significant revenue growth from acquisitions, rising costs and expenses led to a loss, while the asset-liability structure remained relatively stable with increased short-term borrowings, strong operating cash flow, and investment activities primarily focused on wealth management products and financing on new borrowings Consolidated Balance Sheet As of March 31, 2022, total assets were RMB 2.88 billion, a slight 1.40% increase from year-end; key asset changes include a 97.7% increase in trading financial assets to RMB 455 million, while liabilities saw a 44.5% increase in short-term borrowings to RMB 562 million, and total shareholder equity slightly decreased to RMB 1.05 billion | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 2,877,021,598.89 | 2,837,314,192.84 | +1.40% | | Total Current Assets | 1,754,997,742.31 | 1,641,743,816.58 | +6.90% | | Total Non-Current Assets | 1,122,023,856.58 | 1,195,570,376.26 | -6.15% | | Total Liabilities | 1,828,730,607.54 | 1,778,112,620.91 | +2.85% | | Total Current Liabilities | 1,474,125,979.56 | 1,359,494,188.67 | +8.43% | | Total Non-Current Liabilities | 354,604,627.98 | 418,618,432.24 | -15.29% | | Total Owners' Equity | 1,048,290,991.35 | 1,059,201,571.93 | -1.03% | Consolidated Income Statement In Q1 2022, the company's operating revenue reached RMB 855 million, a 57.4% year-over-year increase; however, due to a 65.5% increase in operating costs and other expenses, operating profit turned from a RMB 12.35 million gain to a RMB 7.53 million loss, resulting in a net loss attributable to parent of RMB 12.27 million, a 210.4% decrease year-over-year | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 854,708,891.78 | 543,078,327.77 | +57.4% | | Total Operating Costs | 868,548,168.05 | 539,821,880.11 | +60.9% | | Operating Profit | -7,534,779.37 | 12,346,049.13 | -161.0% | | Total Profit | -7,751,382.31 | 14,821,352.84 | -152.3% | | Net Profit | -10,194,003.08 | 10,752,143.19 | -194.8% | | Net Profit Attributable to Parent | -12,271,493.11 | 11,115,762.60 | -210.4% | | Basic Earnings Per Share | -0.09 | 0.08 | -212.5% | Consolidated Cash Flow Statement Net cash flow from operating activities was RMB 125.78 million this quarter, a significant 538.6% year-over-year increase driven by higher cash receipts from sales; net cash outflow from investing activities was RMB 228.75 million, primarily for wealth management product purchases; and net cash inflow from financing activities was RMB 114.97 million, mainly from new bank borrowings | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 125,781,070.70 | 19,695,884.19 | +538.62% | | Net Cash Flow from Investing Activities | -228,746,352.80 | -605,325,399.81 | Outflow decreased by 62.2% | | Net Cash Flow from Financing Activities | 114,971,520.11 | 74,549,272.44 | +54.22% | | Net Increase in Cash and Cash Equivalents | 12,006,238.01 | -511,080,243.18 | Turned from negative to positive | Parent Company Financial Statements The parent company's statements reflect its role as a holding platform, with low operating revenue (RMB 9.26 million) and profit primarily from investment income (RMB 4.57 million) and fair value change gains (RMB 2.02 million); net profit was RMB 1.75 million, an 89.1% year-over-year increase, with cash flow activities mainly centered on investment and financing - The parent company's Q1 2022 operating revenue was RMB 9.26 million, with a net profit of RMB 1.75 million[37][38] - The parent company's profit primarily stemmed from investment income of RMB 4.57 million and fair value change gains of RMB 2.02 million, reflecting its holding and capital operation functions[38] - Net cash outflow from the parent company's investing activities was RMB 28.76 million, mainly for investment payments; net cash inflow from operating activities was RMB 7.31 million[39][40]