香飘飘(603711) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was ¥495,511,354.37, representing a decrease of 28.28% compared to the same period last year [6] - The net profit attributable to shareholders was a loss of ¥59,676,638.84, a decline of 2,105.78% year-on-year [6] - Basic and diluted earnings per share were both -¥0.14, reflecting a decrease of 1,500.00% compared to the previous year [6] - The company's total revenue for Q1 2022 decreased significantly due to the impact of the domestic pandemic, with a notable decline in holiday consumption of instant products [19] - The net profit attributable to the parent company dropped substantially, primarily due to a significant increase in raw material costs compared to the same period last year [19] - Total operating revenue for Q1 2022 was CNY 495,511,354.37, a decrease of 28.3% compared to CNY 690,919,315.80 in Q1 2021 [28] - Net profit for Q1 2022 was a loss of CNY 59,667,351.47, compared to a profit of CNY 2,975,226.26 in Q1 2021 [32] - The total comprehensive income attributable to the parent company was -59,676,638.84 CNY, compared to 2,975,226.26 CNY in the previous year [34] Cash Flow - The net cash flow from operating activities was negative at ¥221,895,289.11, indicating a significant cash outflow [6] - The net cash flow from operating activities was -221,895,289.11 CNY, an improvement from -261,551,702.57 CNY year-over-year [37] - Cash inflow from operating activities totaled 687,464,231.14 CNY, down from 851,637,492.78 CNY in the previous year [34] - Cash outflow from operating activities was 909,359,520.25 CNY, compared to 1,113,189,195.35 CNY last year [37] - The net cash flow from investing activities decreased by 140.00%, primarily due to changes in the structure of financial products [12] - The net cash flow from investing activities was -114,183,500.51 CNY, a significant decrease from 285,469,203.20 CNY in the previous year [37] - The net cash flow from financing activities was -17,527,601.72 CNY, contrasting with a positive flow of 134,263,864.90 CNY last year [39] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,711,804,251.04, down 5.98% from the end of the previous year [9] - As of March 31, 2022, the company's total assets amounted to RMB 4.71 billion, a decrease from RMB 5.01 billion at the end of 2021 [23] - The company's total liabilities decreased to CNY 1,791,505,339.18 from CNY 2,031,689,454.93 [28] - The total assets decreased to CNY 4,711,804,251.04 from CNY 5,011,355,718.26 [28] - The ending balance of cash and cash equivalents was 1,505,124,440.45 CNY, down from 1,222,223,930.42 CNY in the previous year [39] Equity and Shareholder Information - Shareholders' equity attributable to the parent company decreased by 2.00% to ¥2,917,762,708.59 [9] - Total equity attributable to shareholders was CNY 2,917,762,708.59, down from CNY 2,977,439,347.43 [28] Operational Metrics - The company reported a significant decrease in accounts receivable by 54.96%, primarily due to the recovery of credit from distributors [12] - The company reported a decrease in accounts receivable from RMB 34.57 million to RMB 15.57 million year-on-year [23] - Sales revenue of ready-to-drink products remained stable, with juice tea achieving sales revenue of RMB 147 million, a year-on-year increase of 8.37% [19] - The sales revenue in Wuhan, a key market for juice tea, grew by 37.59% year-on-year, indicating strong market performance [19] - The total current assets decreased from RMB 2.87 billion to RMB 2.55 billion year-on-year [23] Investment and Expenses - Investment income dropped by 76.04%, mainly due to reduced returns from financial products [12] - Research and development expenses for Q1 2022 were CNY 5,841,071.32, slightly up from CNY 5,641,186.73 in Q1 2021 [32] - Financial expenses for Q1 2022 were CNY -14,503,789.93, compared to CNY -3,492,312.03 in Q1 2021 [32] - The company's cash and cash equivalents were reported at RMB 1.80 billion, down from RMB 2.16 billion in the previous year [20] - The company has adjusted the prices of some instant products starting February 1, 2022, with expected adjustments to be reflected at the sales terminals in Q2 [19] - The company's long-term equity investments remained stable at RMB 2.30 million [23] - The company reported a decrease in cash received from investment activities, totaling 114,671,331.62 CNY, down from 537,580,580.21 CNY last year [37] - The company's cash and cash equivalents increased, with interest income rising to CNY 16,992,441.04 from CNY 7,374,544.19 in Q1 2021 [32]