JH Group(SH:603518)2020-04-28 16:00Financial Performance - Operating income for the period was CNY 602,323,342.77, representing a decline of 12.5% year-on-year [6]. - Net profit attributable to shareholders of the listed company was CNY -14,085,856.67, a decrease of 235.91% compared to the same period last year [6]. - Basic earnings per share were CNY 0, reflecting a 100% decrease from CNY 0.05 in the same period last year [6]. - The company reported a net loss of CNY 12,009,772.05 for Q1 2020, compared to a profit of CNY 25,076,639.40 in Q1 2019 [38]. - Total operating revenue for Q1 2020 was CNY 602,323,342.77, a decrease of 12.5% compared to CNY 688,340,161.57 in Q1 2019 [38]. - The company reported a total comprehensive income of approximately -¥30.99 million for Q1 2020, compared to -¥52.80 million in Q1 2019 [42]. Cash Flow - Cash flow from operating activities increased by 54.81% to CNY 264,651,635.90 compared to the previous year [6]. - The company's cash flow from operating activities was impacted by a decrease in sales, leading to a tighter cash position [22]. - Cash inflow from operating activities for Q1 2020 was approximately ¥886.19 million, a decrease from ¥995.93 million in Q1 2019 [44]. - The company experienced a negative net cash flow from financing activities of -4,915,341.65 RMB in Q1 2020, contrasting with a positive flow of 552,555,935.90 RMB in Q1 2019 [48]. - The total cash outflow for operating activities was 161,200,782.80 RMB in Q1 2020, compared to 87,237,486.95 RMB in Q1 2019, indicating higher operational costs [47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,847,616,752.09, a decrease of 1.4% compared to the end of the previous year [6]. - Total liabilities as of March 31, 2020, were CNY 4,286,171,373.16, down from CNY 4,365,869,748.07 at the end of 2019 [35]. - Long-term borrowings increased by 159% to approximately ¥1.277 billion as a result of reclassifying short-term loans [19]. - Total current assets amounted to CNY 2,404,397,782.81, a decrease from CNY 2,492,557,027.62 as of December 31, 2019 [30]. - Total liabilities as of March 31, 2020, were CNY 2,046,957,245.55, a decrease from CNY 2,953,235,558.13 at the end of 2019 [31]. Shareholder Information - The company had a total of 17,191 shareholders at the end of the reporting period [12]. - The largest shareholder, Wang Zhiqin, held 26.81% of the shares, amounting to 67,659,420 shares [12]. Operational Metrics - The total number of stores remained stable at 186 for VGRASS, with a year-on-year increase of 22.37% compared to 152 stores last year [14]. - TEENIE's direct stores decreased from 1,176 to 1,152, a reduction of 24 stores, while the total number of TEENIE stores was 1,250, reflecting a year-on-year increase of 1.79% [15]. - The company's total operating costs decreased by 2% to approximately ¥220 million, attributed to lower sales and increased promotional discounts [21]. Research and Development - R&D expenses decreased by 25% to approximately ¥23 million due to the closure of the Italian R&D center [22]. - Research and development expenses were significantly reduced to ¥0 in Q1 2020, compared to ¥13.16 million in Q1 2019 [41].