ST易购(002024) - 2019 Q1 - 季度财报

Financial Performance - The company's total revenue for Q1 2019 was CNY 62,241,506, representing a 25.44% increase compared to CNY 49,620,344 in the same period last year[9]. - Net profit attributable to shareholders was CNY 135,885, up 22.16% from CNY 111,237 year-on-year[9]. - The basic earnings per share (EPS) increased by 23.53% to CNY 0.0147 from CNY 0.0119 in the previous year[9]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to CNY -990,551, compared to CNY 20,503 in the previous year, a decline of 4931.25%[9]. - The weighted average return on equity was 0.17%, up from 0.14% in the same period last year, indicating a slight improvement[9]. - The company reported a significant increase in R&D expenses, which rose by 81.79% to CNY 862.69 million[37]. - The company reported a net loss for Q1 2019, with total liabilities amounting to CNY 187,005,918 thousand, compared to CNY 151,425,474 thousand in Q1 2018[88]. - The company reported a decrease in employee compensation payable to CNY 961,524 thousand from CNY 1,329,604 thousand, a decline of approximately 27.8%[82]. Revenue and Sales Growth - In Q1 2019, the company achieved operating revenue of RMB 62.242 billion, representing a year-on-year growth of 25.44%[20]. - The total commodity sales scale for Q1 2019 reached RMB 86.926 billion, with a year-on-year increase of 25.38%[20]. - The online platform commodity transaction scale was RMB 54.124 billion, showing a year-on-year growth of 36.09%[21]. - The self-operated commodity sales scale was RMB 37.909 billion, reflecting a year-on-year increase of 40.87%[21]. - The company’s total revenue increased by 25.44% year-on-year, with main business revenue growing by 25.63%[38]. - Operating revenue for Q1 2019 reached CNY 46,713,487 thousand, an increase of 14.3% compared to CNY 40,654,589 thousand in the same period last year[93]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -5,817,083, a decline of 119.60% compared to CNY -2,648,892 in the same period last year[9]. - The net cash flow from operating activities for Q1 2019 was -8,618,043 thousand yuan, compared to -2,494,884 thousand yuan in the same period last year, indicating a significant decline[98]. - Cash inflow from operating activities totaled 55,087,277 thousand yuan, up from 40,173,903 thousand yuan year-over-year, reflecting a growth of approximately 37%[98]. - Cash outflow from operating activities increased to 63,705,320 thousand yuan from 42,668,787 thousand yuan, representing a rise of about 49%[98]. - The net cash flow from investing activities was -1,014,539 thousand yuan, a decrease from 3,953,027 thousand yuan in the previous year, indicating a negative shift in investment returns[99]. - Cash inflow from financing activities reached 11,414,253 thousand yuan, significantly up from 1,578,266 thousand yuan year-over-year, marking an increase of over 624%[99]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 209,496,292, reflecting a 5.03% increase from CNY 199,467,202 at the end of the previous year[9]. - Current liabilities totaled CNY 94,539,735 thousand, slightly up from CNY 93,696,656 thousand, reflecting a growth of approximately 0.9%[82]. - Long-term borrowings rose significantly to CNY 12,664,322 thousand from CNY 4,813,747 thousand, marking an increase of about 163.5%[82]. - Total liabilities increased to CNY 121,291,866 thousand from CNY 111,256,403 thousand, reflecting a growth of about 9.2%[82]. - The company's total assets reached CNY 236,712,804 thousand, compared to CNY 200,435,880 thousand at the end of 2018, marking an increase of 18%[88]. Market and Operational Strategy - The company is focusing on community and rural market development, enhancing logistics infrastructure and user experience[20]. - The company is implementing a full-channel layout, particularly in rural and community markets, through the establishment of Su Ning small stores and retail cloud stores[21]. - The company is enhancing its operational capabilities in logistics and financial services, contributing to steady revenue growth[20]. - The company is leveraging social operations tools to improve online traffic aggregation and conversion efficiency[21]. - The company opened 1,050 new stores in Q1 2019, while closing 173 stores, resulting in a total of 9,692 stores as of March 31, 2019[37]. Investment and Shareholder Activities - The company repurchased 33.0386 million shares as part of its share buyback program[10]. - The employee stock ownership plan held 65,919,578 shares, accounting for 0.71% of the company's total equity as of March 31, 2019[48]. - The company confirmed management expenses related to the employee stock ownership plan amounting to approximately 0.59 billion yuan during the reporting period[60]. - The strategic investment round for Suning Jinfu raised 10 billion yuan, with a pre-investment valuation of 46 billion yuan, resulting in a 17.857% equity increase[65]. - The company and its subsidiaries agreed to invest a total of 25 million USD in Suning Smart Life by subscribing to 25 million new shares[61].