Jiajiayue(SH:603708)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,907,711,200.99, a decrease of 3.91% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 137,414,157.40, an increase of 5.23% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 134,328,593.43, up 7.76% from the previous year[5] - Basic earnings per share were CNY 0.23, reflecting a 4.55% increase[5] - Net profit for Q1 2023 was CNY 138,336,559.55, an increase of 11.8% from CNY 123,689,322.56 in Q1 2022[24] - Earnings per share for Q1 2023 were CNY 0.23, compared to CNY 0.22 in Q1 2022[24] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 33.36% to CNY 574,886,286.95[5] - The cash inflow from sales and services was approximately ¥6.21 billion, a decrease of 4.4% compared to ¥6.49 billion in Q1 2022[26] - The net cash flow from operating activities was ¥574.89 million, down 33.4% from ¥862.61 million in the same period last year[27] - The cash inflow from investment activities totaled ¥144.60 million, significantly lower than ¥565.25 million in Q1 2022, resulting in a net cash outflow of approximately ¥308.66 million[28] - The cash inflow from financing activities was ¥591.71 million, compared to ¥192.50 million in Q1 2022, leading to a net cash inflow of ¥223.90 million[28] - The net increase in cash and cash equivalents for the quarter was approximately ¥490.03 million, slightly up from ¥487.21 million in Q1 2022[28] - The total cash and cash equivalents at the end of Q1 2023 stood at ¥2.10 billion, compared to ¥2.16 billion at the end of Q1 2022[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,423,950,986.58, a slight increase of 0.34% from the end of the previous year[6] - Total assets as of Q1 2023 amounted to CNY 14,423,950,986.58, slightly up from CNY 14,375,637,503.92 at the end of Q1 2022[21] - Total liabilities for Q1 2023 were CNY 11,827,460,498.01, a decrease from CNY 12,319,649,644.15 in Q1 2022[21] Operational Metrics - The decline in operating revenue was attributed to store closures and a decrease in same-store sales since 2022[9] - The number of direct-operated stores at the end of Q1 2023 was 959, with a net decrease of 8 stores during the quarter due to the closure of 11 stores and the opening of 3 new stores[16] - The total number of stores, including franchises, was 992, with 33 franchise stores[16] - Revenue from the Shandong Yanwei region was RMB 224,752.80 million, down 6.70% year-on-year, while revenue from other Shandong areas decreased by 10.59% to RMB 128,550.54 million[13] Cost and Expenses - Total operating costs for Q1 2023 were CNY 4,724,271,002.17, down from CNY 4,932,597,978.26 in Q1 2022[23] - The company reported a decrease in operating expenses, with sales expenses at CNY 839,257,720.12, down from CNY 866,641,507.43 in Q1 2022[23] - The gross margin for the community fresh food supermarkets was 19.78%, reflecting a year-on-year decrease of 0.50%[14] - Revenue from comprehensive supermarkets was RMB 256,822.08 million, down 4.51% year-on-year[14] Shareholder Information - Shareholders' equity attributable to shareholders increased by 26.32% to CNY 2,589,954,483.08 due to a private placement of shares[6] - The company repurchased 8,999,915 shares, representing 1.48% of the total share capital[12] Inventory and Investments - The company’s inventory decreased to RMB 2,151,492,992.46 from RMB 2,574,244,710.02 at the end of 2022[19] - The company’s long-term equity investments amounted to RMB 192,002,092.21 as of March 31, 2023[19] - The company reported a significant decrease in cash received from investment recoveries, totaling ¥140 million in Q1 2023 compared to ¥560 million in Q1 2022[27]