Topscore Fashion(SH:603608)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 332,595,072, representing a decrease of 28.47% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of CNY 26,761,992, a decline of 205.01% year-on-year[6]. - Basic and diluted earnings per share were both CNY -0.06, reflecting a decrease of 200.00% year-on-year[7]. - The company reported a net loss of RMB 54,325,917 for Q1 2022, compared to a net loss of RMB 27,563,925 in Q1 2021[19]. - The company's net profit for Q1 2022 was -26,675,015 RMB, compared to a net profit of 25,842,006 RMB in Q1 2021, indicating a significant decline[22]. - Operating profit for Q1 2022 was -34,474,597 RMB, a stark contrast to the operating profit of 35,694,229 RMB in the same period last year[22]. - The company reported a total comprehensive income of -27,054,761 RMB for Q1 2022, compared to 26,030,873 RMB in Q1 2021, highlighting a significant downturn[23]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 35,594,113, down 44.55% compared to the previous year[7]. - The net cash flow from operating activities for Q1 2022 was -35,594,113 RMB, compared to -24,624,880 RMB in Q1 2021, indicating worsening cash flow conditions[26]. - Investment activities resulted in a net cash outflow of -28,292,744 RMB in Q1 2022, compared to -5,416,858 RMB in Q1 2021, reflecting increased investment expenditures[27]. - Cash and cash equivalents as of March 31, 2022, were RMB 595,417,087, a decrease from RMB 734,089,940 at the end of 2021[17]. - The company’s total cash and cash equivalents at the end of Q1 2022 were 512,654,629 RMB, down from 391,407,898 RMB at the end of Q1 2021[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,384,264,130, a decrease of 6.99% from the end of the previous year[7]. - Total assets decreased to RMB 2,384,264,130 from RMB 2,563,446,679 at the end of 2021, reflecting a decline of 7%[18]. - Total liabilities decreased to RMB 882,073,035 from RMB 990,243,974 at the end of 2021, a reduction of 10.9%[19]. - The equity attributable to shareholders of the listed company was CNY 1,489,533,719, down 4.56% from the end of the previous year[7]. - The company’s equity attributable to shareholders decreased to RMB 1,489,533,719 from RMB 1,560,632,307 at the end of 2021, a decline of 4.5%[19]. Operational Metrics - The decline in performance was primarily attributed to decreased sales due to the impact of the pandemic[11]. - Total revenue from sales of goods and services in Q1 2022 was 336,725,414 RMB, down from 435,048,628 RMB in Q1 2021, representing a decrease of approximately 22.6%[25]. - Total operating costs for Q1 2022 were RMB 363,008,477, down from RMB 434,681,287 in Q1 2021, reflecting a reduction of 16.5%[21]. - Accounts receivable decreased to RMB 145,724,356 from RMB 193,251,931 at the end of 2021, indicating a reduction of 24.5%[17]. - Inventory as of March 31, 2022, was RMB 410,567,561, down from RMB 441,798,977 at the end of 2021, a decrease of 7.1%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,252[14]. - The company held 10,028,340 shares in its repurchase account, accounting for 2.39% of the total share capital as of March 31, 2022[16]. Expenses - The company incurred financial expenses of 2,587,032 RMB in Q1 2022, a significant increase from 1,031,679 RMB in Q1 2021, primarily due to higher interest expenses[22]. - Research and development expenses increased to 13,270,777 RMB in Q1 2022 from 10,505,670 RMB in Q1 2021, reflecting a commitment to innovation despite financial challenges[22]. - Non-recurring gains and losses amounted to CNY 3,153,965 for the period[10]. - The weighted average return on net assets was -1.75%, a decrease of 3.23 percentage points compared to the previous year[7].