Peacebird(SH:603877)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 246,351.30 million, a decrease of 7.74% compared to the same period last year[10]. - The net profit attributable to shareholders of the listed company was CNY 19,023.18 million, down 6.44% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,224.39 million, a significant decline of 40.24% compared to the previous year[10]. - The basic earnings per share for the period was CNY 0.40, reflecting a decrease of 6.98% year-on-year[10]. - The weighted average return on net assets was 4.35%, a decrease of 0.73 percentage points compared to the previous year[13]. - Total revenue for Q1 2022 was CNY 2,463,513,032.20, a decrease of 7.75% compared to CNY 2,670,093,775.79 in Q1 2021[37]. - Net profit for Q1 2022 was CNY 190,252,032.98, a decline of 6.67% from CNY 203,090,225.39 in Q1 2021[41]. - The total comprehensive income for the current period is approximately ¥190.25 million, down from ¥203.09 million, indicating a decline of around 6.3% year-over-year[43]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 921,054.40 million, down 9.65% from the end of the previous year[13]. - The total assets decreased to CNY 9,210,543,972.51 in Q1 2022 from CNY 10,194,457,005.60 in Q1 2021, representing a decline of 9.66%[37]. - Total liabilities decreased to CNY 4,750,964,732.45 in Q1 2022 from CNY 5,924,381,303.19 in Q1 2021, a reduction of 19.77%[37]. - The total equity attributable to shareholders increased to CNY 4,457,186,513.92 in Q1 2022 from CNY 4,267,703,217.37 in Q1 2021, an increase of 4.45%[37]. Cash Flow - The net cash flow from operating activities was CNY -22,818.54 million, indicating a decrease in cash received from sales[10]. - Cash flow from operating activities shows a net outflow of approximately ¥228.19 million, worsening from a net outflow of ¥196.78 million in the same period last year[47]. - The net cash flow from financing activities is a negative ¥201.13 million, compared to a negative ¥82.11 million in the previous year, indicating a significant increase in cash outflow[49]. - The ending balance of cash and cash equivalents is approximately ¥850.02 million, an increase from ¥424.21 million year-over-year[49]. Segment Performance - The total revenue for the apparel operation segment was CNY 245,023.14 million, a decrease of 7.56% compared to the same period last year[25]. - The gross profit margin for the apparel operation segment was 54.35%, down by 1.70 percentage points year-on-year[25]. - The revenue from direct stores was CNY 117,528.58 million, reflecting a decline of 12.89% year-on-year[27]. - The online sales revenue was CNY 77,934.83 million, with a gross profit margin of 44.06%, which increased by 2.38 percentage points compared to the previous year[27]. - The revenue from the PEACEBIRD women's segment was CNY 96,161.36 million, down by 12.37% year-on-year[25]. - The revenue from the PEACEBIRD men's segment increased by 4.27% to CNY 82,706.22 million[25]. Operational Metrics - The company experienced a decline in terminal retail sales, which contributed to the decrease in operating revenue and profit[14]. - The total number of ordinary shareholders at the end of the reporting period was 19,240[18]. - The total number of stores decreased from 5,214 to 5,074, resulting in a net reduction of 140 stores[28]. - The total cost of goods sold for the apparel operation segment was CNY 111,864.31 million, a decrease of 3.99% year-on-year[25]. - The inventory level was CNY 2,264,925,412.34, down from CNY 2,540,004,985.33 in the previous year[31]. Research and Development - Research and development expenses for Q1 2022 were CNY 27,320,387.79, down from CNY 32,053,425.61 in Q1 2021, a decrease of 14.66%[41].