丽人丽妆(605136) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was 1.557 billion yuan, a decrease of 16.08% compared to the same period last year, primarily due to logistics disruptions caused by severe COVID-19 outbreaks in Shanghai [18]. - The net profit attributable to shareholders of the listed company decreased by 97.03% compared to the same period last year, while the net profit after deducting non-recurring gains and losses decreased by 108.48% [19]. - The basic and diluted earnings per share fell to 0.01 yuan, down 98.04% from 0.51 yuan in the same period last year [18]. - The weighted average return on net assets decreased to 0.23%, a decline of 8.27 percentage points compared to 8.50% in the previous year [18]. - The net cash flow from operating activities decreased by 152.57% compared to the same period last year, mainly due to reduced cash inflow from operations [19]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of -0.03 yuan, a decrease of 107.50% compared to 0.40 yuan in the same period last year [18]. - The company achieved operating revenue of 1.557 billion yuan, a decrease of 16.08% compared to the same period last year, and a net profit attributable to shareholders of 6.108 million yuan, down 97.03% year-on-year [34]. - The total comprehensive income for the first half of 2022 was a loss of CNY 11,057,502.99 [152]. Assets and Liabilities - The company's total assets decreased by 4.58% to ¥3,276,217,580.06 compared to the end of the previous year [20]. - As of June 30, 2022, the company's inventory balance was 1.118 billion CNY, accounting for 34.12% of total assets [61]. - The company reported total foreign assets of 266,112,817.15, accounting for 8.12% of total assets [47]. - The company's total liabilities decreased to ¥648,211,258.35 from ¥743,785,542.60, reflecting a decrease of about 12.9% [121]. - The company's equity attributable to shareholders decreased to ¥2,625,868,673.60 from ¥2,691,035,906.54, a decline of approximately 2.4% [121]. Cash Flow - The net cash flow from operating activities was negative at -¥69,582,884.58, a decrease of 152.57% compared to the previous year [20]. - Operating cash inflow for the first half of 2022 was CNY 1,308,221,281.02, a decrease of 23.4% compared to CNY 1,707,566,086.91 in the same period of 2021 [138]. - Cash received from sales of goods and services was CNY 1,111,462,599.64, a decline of 13.5% from CNY 1,285,207,595.96 in the previous year [138]. Business Operations - The company has established partnerships with over 60 brands, including major international beauty brands, enhancing its market presence [28]. - The company has a strong focus on e-commerce retail services, with a significant portion of its business conducted on platforms like Tmall and Douyin [28]. - The company has developed advanced IT systems, including OMS, IMS, and WMS, to ensure efficient order processing and inventory management [32]. - The company is adapting to market changes and has a capable management team with extensive experience in the cosmetics industry [33]. - The online retail market in China continues to grow, with 8.42 billion online shopping users, representing 81.6% of the total internet users [25]. Risks and Challenges - The report includes a detailed description of potential risks that may affect the company's future performance [6]. - The company faces risks related to consumer demand decline, platform competition, and high supplier concentration [54][55][58]. - The ongoing COVID-19 pandemic continues to pose uncertainties for the company's operations and supply chain, particularly with international partners [66]. - The company has faced supply chain stability risks due to global disruptions caused by the COVID-19 pandemic, leading to stock shortages [60]. Social Responsibility - The company actively engaged in social responsibility initiatives during the Shanghai COVID-19 outbreak, providing donations and support to local institutions [38]. - The company provided employment for 14 disabled individuals in collaboration with the Shanghai Songjiang District Disabled Persons' Federation, with total expenditures of RMB 436,200 in the first half of 2022 [81]. - During the Shanghai pandemic, the company conducted various charitable activities, including multiple donations to Shanghai Jiao Tong University, Shanghai International Studies University, and local hospitals, contributing to pandemic prevention efforts [81]. Shareholder and Stock Information - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period [4]. - The company committed to not reducing its shareholding within 36 months after the IPO [87]. - The company will repurchase shares if the stock price falls below the audited net asset value per share for 20 consecutive trading days [88]. - The company has established a long-term commitment to not engage in unfair practices that could harm its interests or those of its shareholders [90]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position and operating results accurately [162]. - The company has assessed its ability to continue as a going concern for the next 12 months from the reporting date [160]. - The company follows specific accounting treatments for mergers and acquisitions, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets [167].