ZBJT(SZ:000759)2020-04-28 16:00Financial Performance - The company's revenue for Q1 2020 was CNY 3.95 billion, a decrease of 10.45% compared to the same period last year[8]. - The net profit attributable to shareholders was a loss of CNY 170.39 million, representing a decline of 739.94% year-on-year[8]. - The basic earnings per share for the reporting period was CNY -0.2529, a decrease of 746.80% year-on-year[8]. - Total profit for Q1 2020 was -¥158,220,813.14, a decrease of 517.56% compared to Q1 2019, primarily due to sales decline and increased operating costs during the pandemic[14]. - The net profit for Q1 2020 was a loss of CNY 169,678,402.41, compared to a profit of CNY 25,952,744.22 in the previous year, indicating a significant decline[39]. - The total comprehensive income for the period was a loss of approximately ¥9.48 million, compared to a loss of ¥1.95 million in the previous period[45]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 243.25% to CNY 1.49 billion compared to the previous year[8]. - Operating cash flow for Q1 2020 was ¥1,492,131,624.12, an increase of 243.25% from Q1 2019, influenced by government subsidies related to the pandemic[14]. - The cash and cash equivalents at the end of the period totaled ¥2.84 billion, an increase from ¥1.67 billion year-on-year, reflecting a growth of 69.8%[46]. - The net cash flow from financing activities was ¥466.84 million, compared to ¥113.30 million in the same period last year, indicating a growth of 313.5%[45]. - Cash and cash equivalents rose to ¥2,838,471,277.05 from ¥998,185,104.21, marking a significant increase of 184.7%[31]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 11.14 billion, an increase of 21.00% from the end of the previous year[8]. - Total current assets increased to ¥5,230,958,754.43 as of March 31, 2020, up from ¥3,272,004,693.97 as of December 31, 2019, representing a growth of 60.0%[31]. - Total liabilities reached ¥7,888,353,587.59, up from ¥5,636,369,864.92, indicating an increase of 40.0%[33]. - Total liabilities rose to CNY 3,635,914,162.30, compared to CNY 2,404,086,201.70, marking an increase of 51.19%[37]. - The company's total equity decreased to CNY 2,731,657,206.06 from CNY 2,901,330,048.91, a decline of 5.87%[37]. Shareholder Information - The top shareholder, Wuhan Commercial Group, held 20.07% of the shares, with a total of 136,684,090 shares[10]. - The company repurchased 24,992,014 shares, representing 3.67% of total shares, with a total transaction amount of ¥170,072,653.04[16]. Operational Metrics - The company had a total of 1,339 retail outlets by the end of the reporting period, including 193 warehouse stores and 704 supermarkets[13]. - The company faced significant cost increases due to pandemic-related expenditures, including employee overtime, protective materials, and logistics, impacting overall profitability[16]. - The company incurred a net cash outflow from investment activities of approximately ¥118.68 million, an improvement from a net outflow of ¥152.45 million in the previous period[45]. Government Support - The company received government subsidies amounting to CNY 28.12 million during the reporting period[8]. - Other income surged by 2,592.57% to ¥28,122,063.83, mainly due to increased government subsidies during the pandemic[14]. Financial Expenses - The company reported a significant increase in financial expenses, totaling CNY 13,303,914.18, compared to CNY 3,755,158.64 in the previous year[38]. - The company experienced a loss in investment income of CNY 2,197,165.41, compared to a loss of CNY 2,324,211.57 in the same period last year[38].