LBX(SH:603883)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 reached RMB 5,440,515,517, representing a year-on-year increase of 31.39%[4] - Net profit attributable to shareholders was RMB 291,333,643, reflecting a growth of 20.49% compared to the same period last year[4] - The net cash flow from operating activities was RMB 849,191,589, showing a significant increase of 225.53% year-on-year[4] - The basic and diluted earnings per share for the period were both RMB 0.50, an increase of 21.95%[5] - The weighted average return on equity was 4.36%, up by 0.06 percentage points from the previous year[5] - The equity attributable to shareholders increased to RMB 6,747,587,849, marking a growth of 3.33% year-on-year[5] - The net profit attributable to shareholders was RMB 291 million, up 20.49% year-on-year, while the net profit excluding non-recurring items was RMB 281 million, reflecting a 30.20% increase[12] - Total revenue for Q1 2023 reached ¥5,440,515,517, a significant increase of 31.5% compared to ¥4,140,649,849 in Q1 2022[27] - Net profit for Q1 2023 was ¥337,503,746, compared to ¥270,602,719 in Q1 2022, representing a growth of 24.7%[29] - The total comprehensive income for the current period is 333,213,990, up from 268,523,719 in the previous period, indicating a growth of about 24.1%[30] Cash Flow - The net cash flow from operating activities reached RMB 849 million, representing a significant year-on-year growth of 225.53%[12] - Cash inflow from operating activities for the current period is 6,614,001,173, significantly higher than 3,759,516,140 in the previous period, marking an increase of about 76.5%[32] - Cash outflow from operating activities is 5,764,809,584, compared to 3,498,649,816 in the previous period, resulting in a net cash flow from operating activities of 849,191,589, up from 260,866,324, an increase of approximately 225.5%[32] - The net cash flow from investing activities is (201,475,121), an improvement from (446,067,772) in the previous period, indicating a reduction in cash outflow by approximately 55.1%[33] - The net cash flow from financing activities is (595,175,587), compared to 1,115,446,570 in the previous period, showing a decrease in cash outflow of about 153.4%[33] - The ending balance of cash and cash equivalents is 1,448,776,117, compared to 1,609,708,435 in the previous period, reflecting a decrease of approximately 10%[33] Operational Highlights - The company expanded its store network to 11,231 locations, with 7,903 self-operated stores and 3,328 franchised stores, adding 536 new stores in Q1 2023[12] - Membership numbers reached 76.73 million, with an addition of 5.51 million new members in Q1 2023[14] - The company’s supply chain management efficiency improved, with a 68.1% proportion of centralized procurement sales, an increase of 3.5 percentage points year-on-year[13] - The company has established 1,111 outpatient chronic disease designated stores and 162 DTP pharmacies as of Q1 2023[14] - The company’s digital transformation efforts are focused on enhancing operational efficiency and supporting future growth, aiming for a management scale of 50,000 to 100,000 stores[13] - The franchise business saw a revenue increase of nearly RMB 500 million in a single quarter, marking a 45% year-on-year growth[12] - The company achieved a total online sales revenue of 370 million yuan, representing a year-on-year growth of 37%[15] - The self-owned brand sales reached 790 million yuan, with a year-on-year increase of 41%, accounting for 19.5% of total sales, up by 1.7 percentage points from the previous year[15] - The total number of stores reached 11,231, with 7,903 direct-operated stores and 3,328 franchise stores, adding 298 direct-operated stores and 238 franchise stores during the quarter[19] - The retail segment generated revenue of approximately 4.58 billion yuan, with a gross margin of 36.71%, while the revenue growth compared to the previous year was 31.12%[16] - The Central China region generated revenue of approximately 2.36 billion yuan, with a gross margin of 34.96%, showing a revenue growth of 45.22% year-on-year[18] - The company’s O2O delivery service stores reached 8,073, with 500 stores operating 24 hours[15] Assets and Liabilities - Total assets at the end of the reporting period were RMB 21,293,749,220, a slight decrease of 0.48% from the end of the previous year[5] - Current assets decreased to ¥9,150,790,598 from ¥9,463,131,242, a decline of 3.3% year-over-year[25] - Total liabilities decreased to ¥13,961,361,092 from ¥14,299,609,510, a reduction of 2.4%[26] - Shareholder equity increased to ¥7,332,388,128, compared to ¥7,097,723,408, reflecting a growth of 3.3%[26] - The company reported a significant increase in accounts receivable, rising to ¥1,841,410,929 from ¥2,078,069,216, a decrease of 11.4%[25] Research and Development - Research and development expenses were reported at ¥224,510, indicating ongoing investment in innovation[29] Other Financial Metrics - The company reported a decrease in other comprehensive income after tax of (4,289,756), compared to (2,079,000) in the previous period, indicating a decline of approximately 106.4%[30]