Bestore(SH:603719)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥2,941,832,059.67, representing a year-on-year increase of 14.30%[6] - Net profit attributable to shareholders decreased by 8.86% to ¥93,061,077.43, while the net profit after deducting non-recurring gains and losses fell by 31.24% to ¥62,006,942.11[6][14] - Basic and diluted earnings per share were both ¥0.23, reflecting an 8.00% decrease compared to the previous year[6] - Total operating revenue for Q1 2022 reached ¥2,941,832,059.67, an increase of 14.3% compared to ¥2,573,830,142.77 in Q1 2021[32] - Net profit for Q1 2022 was ¥94,616,671.77, a decrease of 7.5% from ¥102,561,024.16 in Q1 2021[36] - Earnings attributable to shareholders of the parent company for Q1 2022 were ¥93,061,077.43, down from ¥102,104,767.80 in Q1 2021[36] - Total comprehensive income for the first quarter of 2022 was CNY 94,616,671.77, a decrease from CNY 102,561,024.16 in the first quarter of 2021, representing a decline of approximately 7.5%[38] Cash Flow - The net cash flow from operating activities for the period was ¥88,912,669.11, with no applicable year-on-year comparison[6] - Cash inflow from operating activities for the first quarter of 2022 was CNY 3,614,716,233.84, compared to CNY 2,612,834,693.34 in the first quarter of 2021, marking an increase of approximately 38.3%[41] - Net cash flow from operating activities was CNY 88,912,669.11, a significant improvement from a net outflow of CNY 36,089,234.51 in the first quarter of 2021[41] - Cash outflow for investing activities totaled CNY 49,555,952.92 in the first quarter of 2022, compared to CNY 55,162,135.31 in the same period last year, indicating a decrease of about 10.3%[41] - Net cash flow from investing activities was negative CNY 48,535,907.16, slightly improved from negative CNY 53,131,957.35 in the first quarter of 2021[41] - Total cash outflow from financing activities was CNY 73,389,324.39 in the first quarter of 2022, compared to CNY 54,779,883.74 in the same period last year, representing an increase of about 33.8%[41] Assets and Liabilities - Total assets decreased by 15.82% to ¥4,570,761,280.26 compared to the end of the previous year[8] - Total liabilities decreased to ¥2,322,019,249.55 from ¥3,275,663,752.49 year-over-year[29] - Total current assets amounted to RMB 3,167,787,879.30, a decrease of 21.6% from RMB 4,043,514,670.36 on December 31, 2021[27] - Cash and cash equivalents were RMB 1,729,921,180.34, down from RMB 1,747,154,794.00, indicating a slight decline of 1.0%[24] - Accounts receivable decreased to RMB 434,662,533.25 from RMB 659,871,896.88, representing a significant drop of 34.1%[24] - Inventory decreased to RMB 478,226,291.62 from RMB 1,131,622,292.40, reflecting a reduction of 57.8%[24] - Total non-current assets increased slightly to RMB 1,402,973,400.96 from RMB 1,386,274,441.07, showing a growth of 1.2%[27] - Accounts payable decreased significantly to RMB 406,683,271.21 from RMB 1,111,793,829.86, a decline of 63.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,454, with the largest shareholder holding 37.30% of the shares[18] - The company held 3,016,600 shares in its repurchase account, accounting for 0.75% of the total share capital[20] - The company reported a total of 10 major shareholders, with the largest shareholder holding 121,496,526 shares[20] Costs and Expenses - Total operating costs for Q1 2022 were ¥2,858,001,704.92, up 17.1% from ¥2,440,024,273.21 in Q1 2021[32] - Research and development expenses for Q1 2022 amounted to ¥12,813,273.60, an increase of 24.0% compared to ¥10,334,755.14 in Q1 2021[32] - The company reported a financial expense of -¥8,298,180.35 for Q1 2022, compared to -¥8,553,529.28 in Q1 2021[32] Other Information - The decline in net profit after deducting non-recurring gains and losses was primarily due to increased logistics and warehousing costs impacted by regional COVID-19 outbreaks[14] - The company reported non-recurring gains of ¥31,054,135.32 for the period, after accounting for tax and minority interests[13] - The company’s deferred income increased to ¥8,914,326.51 from ¥6,157,318.38 year-over-year[29]