Anzheng Fashion(SH:603839)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥575,944,192.31, a decrease of 29.85% compared to the same period last year[4] - The net profit attributable to shareholders was ¥21,284,349.94, down 72.98% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,422,241.06, a decline of 75.81%[4] - Basic and diluted earnings per share were both ¥0.05, reflecting a decrease of 75.00%[4] - Total revenue for Q1 2022 was RMB 57,413.26 million, a decrease of 29.89% year-over-year[12] - Net profit for Q1 2022 was CNY 24,092,633.56, a decline of 70.3% from CNY 80,958,331.18 in Q1 2021[22] - The total comprehensive income for Q1 2022 was CNY 24,092,633.56, down 70.3% from CNY 80,958,331.18 in the same period last year[23] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.05, compared to CNY 0.20 in Q1 2021, reflecting a 75.0% decline[23] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 364.98% to ¥149,956,767.43[4] - Cash inflows from operating activities totaled CNY 876,032,588.75 in Q1 2022, a slight decrease of 3.9% from CNY 911,631,470.89 in Q1 2021[25] - The net cash flow from operating activities increased significantly to CNY 149,956,767.43 in Q1 2022, compared to CNY 32,250,401.79 in Q1 2021, marking a growth of 368.5%[25] - Cash and cash equivalents increased to CNY 749,705,101.76 as of March 31, 2022, up from CNY 632,160,599.32 at the end of 2021[18] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 748,328,892.86, down from CNY 917,405,564.46 at the end of Q1 2021[26] - Total assets at the end of the reporting period were ¥3,702,487,825.01, down 5.49% from the end of the previous year[5] - Total assets as of March 31, 2022, were CNY 3,702,487,825.01, down from CNY 3,917,406,550.70 at the end of 2021[20] - Total liabilities decreased to CNY 771,000,101.55 from CNY 1,010,007,453.52, a reduction of 23.6%[20] Sales and Revenue Breakdown - The company experienced a significant decline in sales revenue due to the impact of the pandemic, affecting gross profit margins[7] - Online sales revenue was RMB 22,160.49 million, representing a 39.14% decline year-over-year[12] - The company's e-commerce agency revenue was RMB 10,790.36 million, down 45.18% compared to the same period last year[12] - Revenue from the East China region was RMB 20,438.12 million, accounting for 35.60% of total revenue, with a year-over-year decrease of 42.06%[13] - The North China region generated RMB 5,757.47 million, representing 10.03% of total revenue, with a decline of 11.72% year-over-year[13] - The company’s direct stores generated RMB 17,294.65 million in revenue, down 37.51% year-over-year[13] - The total number of stores decreased from 2,235 at the end of 2021 to 2,153 by the end of March 2022, with 72 new openings and 154 closures during the quarter[11] - The total number of common shareholders at the end of the reporting period was 18,175[9] Profitability Metrics - The weighted average return on equity decreased by 2.03 percentage points to 0.80%[4] - The gross profit margin for the company was 52.30%, down 1.57 percentage points compared to the previous year[12] - The gross profit margin for the brand JZ Jiuzi was 59.29%, a decrease of 6.49 percentage points compared to the previous year[11] - The company reported a gross profit margin of approximately 4.5% for Q1 2022, compared to 10.5% in Q1 2021[21] Other Financial Information - Non-recurring gains included government subsidies amounting to ¥2,977,474.48[6] - Research and development expenses for Q1 2022 were CNY 16,677,727.50, slightly down from CNY 18,254,590.33 in Q1 2021[22] - Cash inflows from investment activities were CNY 56,459,637.71 in Q1 2022, down 88.7% from CNY 501,078,110.85 in Q1 2021[26] - The net cash flow from investment activities was CNY 52,439,628.90 in Q1 2022, a decrease of 84.4% compared to CNY 335,549,631.74 in the previous year[26] - The net cash flow from financing activities was negative CNY 83,841,300.99 in Q1 2022, an improvement from negative CNY 287,148,846.29 in Q1 2021[26] - The company did not apply the new accounting standards for the first time in 2022[28]