Guirenniao(SH:603555)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 83.66% to CNY 13,918,063.76 year-on-year[6] - Operating revenue fell by 37.40% to CNY 521,751,737.41 compared to the same period last year[6] - Cash flow from operating activities decreased by 72.50% to CNY 76,007,027.98 compared to the previous year[6] - The weighted average return on net assets decreased by 75.40% to 0.89%[6] - Basic and diluted earnings per share dropped by 85.71% to CNY 0.02[6] - The company reported a significant decline in net profit excluding non-recurring items, down 119.88% to CNY -14,861,176.24[6] - Operating profit for Q1 2019 was ¥20,232,042.11, a decline of 84.5% from ¥130,399,257.15 in Q1 2018[35] - Net profit for Q1 2019 after tax expenses was ¥13,738,606.50, down 95.5% from ¥101,416,157.01 in Q1 2018[35] - The total profit for Q1 2019 was CNY 21,225,216.57, compared to CNY 89,021,667.39 in Q1 2018, reflecting a decline of 76.1%[39] Revenue and Sales - The company's operating revenue for Q1 2019 was CNY 410,914,533.88, an increase of 3.6% compared to CNY 398,469,572.49 in Q1 2018[39] - Total revenue for Q1 2019 was ¥521,751,737.41, a decrease of 37.5% compared to ¥833,419,034.57 in Q1 2018[35] - Online sales contributed CNY 107,452,863.41, accounting for 20.59% of total revenue, while offline sales were CNY 412,325,584.90, making up 79.03%[21] - The net cash received from sales of goods and services was RMB 460,169,980.55, a decline of 57.45% compared to RMB 1,081,557,987.51 in the previous year[14] Assets and Liabilities - Total assets increased by 1.75% to CNY 4,836,364,777.90 compared to the end of the previous year[6] - Current assets totaled CNY 2,485,540,371.96, slightly up from CNY 2,459,991,672.50 at the end of 2018[26] - Total liabilities as of March 31, 2019, were ¥4,293,231,636.61, up 7.0% from ¥4,011,278,650.94 at the end of 2018[32] - Inventory levels rose to CNY 532,385,278.82, compared to CNY 502,697,553.51 at the end of 2018[26] Shareholder Information - The total number of shareholders reached 23,508 at the end of the reporting period[10] - The largest shareholder, Guireniao Group (Hong Kong) Limited, holds 76.22% of the shares[10] Cash Flow - The company's operating cash flow for Q1 2019 was CNY 76,007,027.98, down from CNY 276,407,229.57 in Q1 2018[41] - The net cash flow from operating activities was CNY 106,825,736.26, a significant improvement from a net outflow of CNY -209,240,640.57 in the same period last year[45] - The ending cash and cash equivalents balance was CNY 13,137,788.19, a decrease from CNY 64,361,012.92 at the end of Q1 2018[46] Other Income and Expenses - Non-recurring gains and losses totaled CNY 28,779,240.00 for the reporting period[8] - The company reported a significant increase in other income, which rose to RMB 30,203,862.28, up 1030.70% from RMB 2,671,252.71 year-on-year[13] - Research and development expenses increased to CNY 9,789,754.06 in Q1 2019, up from CNY 8,829,341.74 in Q1 2018[39] - The financial expenses for Q1 2019 were CNY 32,798,328.92, significantly reduced from CNY 57,684,029.30 in Q1 2018[39] Store Operations - The company opened 61 new stores during the reporting period, while closing 104 stores, resulting in a net decrease in retail locations[19] - The total number of retail terminals reached 2,830, with a total retail area of 231,172 square meters as of March 31, 2019[18]