Bestore(SH:603719)2021-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2,573,830,142.77, a growth of 34.83% year-on-year[12] - Net profit attributable to shareholders was CNY 102,104,767.80, reflecting a 16.06% increase compared to the same period last year[12] - Basic earnings per share increased by 4.17% to CNY 0.25[12] - The diluted earnings per share also stood at CNY 0.25, marking a 4.17% increase year-on-year[12] - The company reported a net profit for Q1 2021 of ¥102,561,024.16, compared to ¥91,346,141.50 in Q1 2020, reflecting a 12% increase[49] - The net profit for Q1 2021 reached ¥10.94 million, up 194.5% from ¥3.72 million in the same period last year[55] - The total comprehensive income for Q1 2021 was approximately ¥10.94 million, compared to ¥3.72 million in Q1 2020, indicating strong growth[55] Cash Flow - Net cash flow from operating activities decreased significantly by 160.19% to -CNY 36,089,234.51[12] - The company reported a decrease in cash flow from operating activities, showing a net outflow of ¥36.09 million in Q1 2021, a decline from a net inflow of ¥59.95 million in Q1 2020[59] - The company’s cash flow from financing activities showed a substantial decrease, reflecting a strategic shift in funding approaches[65] - The company reported a total cash outflow of ¥379,238,702.74 from operating activities in Q1 2021, compared to ¥265,713,061.26 in Q1 2020, marking an increase of about 42.6%[65] Assets and Liabilities - Total assets increased by 7.16% to CNY 4,483,391,584.89 compared to the end of the previous year[12] - Total liabilities increased to CNY 2,310,915,557.18 from CNY 2,098,415,885.47, reflecting an increase of about 10.1%[39] - Current assets decreased to CNY 3,298,658,429.65 from CNY 3,366,928,690.07, a decline of about 2.0%[34] - Inventory decreased significantly from CNY 618,167,581.15 to CNY 480,374,396.69, a reduction of approximately 22.3%[34] - Total liabilities decreased by approximately 348.12 million, from 2.45 billion to 2.10 billion[73] - Total equity attributable to shareholders increased to CNY 2,169,149,623.84 from CNY 2,082,597,875.64, an increase of about 4.1%[39] Expenses - Research and development expenses surged by 151.10% to ¥10,334,755.14, up from ¥4,115,788.89, reflecting a commitment to product quality and customer satisfaction[26] - The company experienced a 40.49% increase in selling expenses, totaling ¥543,180,004.78, attributed to higher promotional costs[24] - The company reported a financial expense of -¥8,553,529.28, compared to -¥2,397,258.97 in Q1 2020, indicating a worsening in financial costs[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,204[18] - The largest shareholder, Ningbo Hanyi Investment Management Partnership, holds 37.3% of the shares[18] Government Support - The company received government subsidies amounting to CNY 15,027,918.08 related to normal business operations[15] Compliance and Standards - The company has implemented the new leasing standards effective January 1, 2021, impacting financial reporting[82] - The company did not restate prior comparative data under the new leasing standards, simplifying the transition[82]