苏宁环球(000718) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥775,330,545.66, representing a 21.48% increase compared to ¥638,258,507.71 in the same period last year[6]. - Net profit attributable to shareholders for Q1 2020 was ¥261,185,334.38, a 42.59% increase from ¥183,178,581.83 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥265,960,007.57, up 53.70% from ¥173,032,772.85 year-on-year[6]. - The basic earnings per share for Q1 2020 was ¥0.0861, an increase of 42.55% compared to ¥0.0604 in the same period last year[6]. - Total operating revenue for the current period reached ¥775,330,545.66, an increase of 21.5% compared to ¥638,258,507.71 in the previous period[45]. - Net profit for the current period was ¥259,110,861.67, representing a 43.2% increase from ¥181,101,780.85 in the previous period[48]. - Total profit for the current period was ¥369,483,409.69, up from ¥253,483,019.56, marking a growth of 45.8%[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥17,841,449,845.99, a decrease of 0.76% from ¥17,978,081,663.09 at the end of the previous year[6]. - Total liabilities decreased from ¥9,467,732,327.11 to ¥9,071,989,648.34, a reduction of approximately 4.18%[33]. - Total equity increased from ¥8,510,349,335.98 to ¥8,769,460,197.65, reflecting a growth of about 3.05%[35]. - Current assets rose from ¥6,440,607,905.67 to ¥6,638,465,638.62, an increase of approximately 3.07%[36]. - Total current liabilities increased from ¥6,892,727,199.02 to ¥7,096,372,841.04, a rise of approximately 2.97%[41]. - Total liabilities reached CNY 9,467,732,327.11, with current liabilities at CNY 7,610,700,929.22[71]. Cash Flow - The net cash flow from operating activities improved to -¥281,686,906.73, a 24.15% improvement from -¥371,394,346.33 in the same period last year[6]. - Cash received from sales of goods and services dropped by 58.24% year-on-year, from CNY 731,222,554.84 in Q1 2019 to CNY 305,377,131.32 in Q1 2020[27]. - Cash flow from operating activities decreased to ¥305,377,131.32 from ¥731,222,554.84, a decline of 58.3%[56]. - The total cash outflow from operating activities was 599,632,740.68 CNY, compared to 1,116,074,803.23 CNY in the previous period, indicating improved cash management[59]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,086[9]. - The largest shareholder, Suning Universal Group Co., Ltd., held 23.46% of the shares, amounting to 712,044,128 shares[9]. Tax and Expenses - Tax expenses rose by 69.04% from CNY 33,372,436.36 in Q1 2019 to CNY 56,411,252.02 in Q1 2020, mainly due to an increase in land value-added tax[27]. - Tax expenses rose to ¥110,372,548.02 from ¥72,381,238.71, an increase of 52.5%[48]. - Non-operating expenses surged by 2945.39%, from CNY 457,766.04 to CNY 13,940,744.27, largely due to donations for COVID-19 relief amounting to CNY 13.9 million[27]. Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[80]. - Prepayments decreased significantly by 98.67%, from CNY 3,424,576,754.63 to CNY 45,538,675.15, primarily due to the implementation of new revenue recognition standards[28]. - Contract liabilities increased to CNY 2,842,227,979.36, reflecting the adjustment in reporting due to new revenue recognition standards[28].