Shanghai Lily&Beauty (SH:605136)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was ¥714,966,439.32, representing a decrease of 5.34% compared to the same period last year [5]. - The net profit attributable to shareholders was ¥12,695,668.73, down 71.47% year-on-year [5]. - The basic earnings per share decreased by 71.29% to ¥0.03 [6]. - Operating profit for Q1 2022 was CNY 15,458,816.17, down 73.1% from CNY 57,519,263.42 in Q1 2021 [20]. - Total comprehensive income for Q1 2022 was CNY 13,002,700.38, down from CNY 45,542,432.91 in Q1 2021 [21]. - Cash flow from operating activities in Q1 2022 was negative CNY 327,894,092.43, worsening from negative CNY 277,389,675.20 in Q1 2021 [24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,106,629,164.09, a decrease of 9.52% from the end of the previous year [6]. - The company's total liabilities decreased to RMB 394,679,849.49 from RMB 743,785,542.60, indicating a decline of approximately 46.9% [17]. - The company reported a total of 2,777,882,027.16 in current assets as of March 31, 2022, down from 3,121,318,377.84 as of December 31, 2021, a decrease of about 11% [16]. - The company's cash and cash equivalents decreased to RMB 800,051,159.87 from RMB 1,159,947,165.87, representing a decline of about 30.9% [16]. - Current liabilities decreased significantly to RMB 360,438,802.28 from RMB 708,599,221.44, a reduction of approximately 49.1% [17]. Cash Flow and Financing - The cash flow from operating activities was negative at -¥327,894,092.43, indicating significant cash outflows [5]. - Net cash flow from investing activities was -$16,201,338.59, compared to -$43,013,208.76 in the previous period, indicating a significant reduction in cash outflow [25]. - Total cash inflow from financing activities amounted to $79,718,442.08, while cash outflow was $7,144,662.32, resulting in a net cash flow of $72,573,779.76 [25]. - The company received $0.00 from new borrowings, indicating no new debt was taken on during the period [25]. - The company did not report any cash received from minority shareholders' investments, indicating no new equity financing from this source [25]. Operational Changes - The decline in revenue was influenced by a shift from a distribution model to a consignment model for certain brands, alongside impacts from the pandemic on logistics and consumer demand [8]. - The company experienced a 37.65% decrease in accounts receivable, attributed to the recovery of some receivables during the quarter [8]. - The company reported a 30,020.82% increase in advance receipts, primarily due to pre-collected distribution payments [8]. - The company reclassified transportation costs related to customer contracts from sales expenses to operating costs, impacting the 2021 Q1 financials by RMB 39,638,878.38 [13]. Government Support and Subsidies - The company received government subsidies amounting to ¥1,425,476.68, which were closely related to its normal business operations [7]. Equity and Shareholder Information - The total equity attributable to shareholders was CNY 2,713,356,033.91 as of Q1 2022, compared to CNY 2,691,035,906.54 in the previous year [18]. - Basic earnings per share for Q1 2022 were CNY 0.03, down from CNY 0.11 in Q1 2021 [21]. - The weighted average return on equity decreased to 0.47%, down 1.41 percentage points from the previous year [6]. Miscellaneous - The company has not adopted the new accounting standards starting from 2022, which may affect future financial reporting [25]. - The report was published by Shanghai Liren Lizhuang Cosmetics Co., Ltd. on April 26, 2022, indicating the date of the financial disclosure [26].