Bestore(SH:603719)2020-04-27 16:00Financial Performance - Operating income for the period was CNY 1,908,931,177.93, representing a year-on-year increase of 4.16%[14] - Net profit attributable to shareholders of the listed company decreased by 19.43% to CNY 87,979,426.00[14] - Basic earnings per share decreased by 20.00% to CNY 0.24[14] - The company's other income decreased by 52.50% to RMB 17,425,577.65, mainly due to a reduction in government subsidies received[29] - Total operating revenue for Q1 2020 was approximately ¥1.91 billion, an increase from ¥1.83 billion in Q1 2019, representing a growth of about 4%[51] - Net profit for Q1 2020 was approximately ¥91.35 million, compared to ¥109.98 million in Q1 2019, reflecting a decrease of about 17%[54] - The total profit for Q1 2020 was approximately ¥123.87 million, down from ¥146.74 million in Q1 2019, indicating a decline of about 16%[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,725,050,915.96, a decrease of 2.78% compared to the end of the previous year[14] - The company's total liabilities decreased to ¥1,747,679,121.27 from ¥2,366,542,162.20, a reduction of about 26.1%[41] - The total assets as of March 31, 2020, were ¥3,725,050,915.96, down from ¥3,831,694,633.59, reflecting a decrease of about 2.8%[41] - The company reported a total liability of CNY 2,366,542,162.20, with current liabilities amounting to CNY 2,358,541,749.18[70] - The company’s total non-current liabilities are CNY 8,000,413.02, indicating a stable long-term financial position[70] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 35.95% to CNY 1,924,446,943.46[14] - The company had a total of 200 shareholders at the end of the reporting period[20] - The largest shareholder, Ningbo Hanyi Investment Management Partnership, held 37.30% of the shares[20] - The second largest shareholder, Dayong Limited, held 30.30% of the shares[20] Cash Flow - Net cash flow from operating activities was CNY 59,954,403.15, down 16.33% from the previous year[14] - The cash inflow from operating activities totaled ¥2,004,442,534.57, down from ¥2,118,210,252.77 in Q1 2019[61] - The cash outflow from operating activities was ¥1,944,488,131.42, compared to ¥2,046,550,885.24 in Q1 2019[61] - The cash inflow from financing activities was 445,466,080.00 RMB, while the cash outflow was 1,676,415.12 RMB, resulting in a net cash flow of 443,789,664.88 RMB[65] Inventory and Receivables - Accounts receivable decreased by 30.45% to RMB 179,802,090.13, primarily due to a reduction in online sales[26] - Inventory decreased by 42.08% to RMB 562,311,124.60, attributed to seasonal fluctuations in sales[26] - The company's accounts receivable decreased to ¥179,802,090.13 from ¥258,523,157.41, a decline of about 30.5%[37] - Inventory levels significantly dropped to ¥562,311,124.60 from ¥970,818,284.66, indicating a reduction of approximately 42.1%[37] Capital and Reserves - The company's capital reserve increased by 90.84% to RMB 798,053,956.19, due to the premium from the initial public offering[29] - The company issued 41 million shares at RMB 11.90 per share, raising a total of RMB 487,900,000.00, with a net amount of RMB 420,873,181.81 after deducting issuance costs[32] - The company’s retained earnings stand at CNY 624,284,085.48, reflecting its accumulated profits[73] - The capital reserve totals approximately $399.31 million[81] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[51] - The company continues to focus on cash management strategies to improve liquidity amid fluctuating cash flows[65] - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[65]