南极电商(002127) - 2022 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2022 reached CNY 946.20 million, representing a year-on-year increase of 16.42%[4] - The net profit attributable to shareholders was CNY 139.07 million, up 3.78% compared to the same period last year[4] - The total GMV across all e-commerce channels was CNY 8.199 billion, a decrease of 10.14% year-on-year[5] - The GMV from the Alibaba platform was CNY 3.297 billion, accounting for 40.22% of total GMV, down 28.19% year-on-year[5] - The GMV from the Pinduoduo platform was CNY 2.854 billion, representing a year-on-year growth of 10.82%[7] - The revenue from the main business unit was CNY 153 million, a slight decrease of 0.09% year-on-year[8] - Total operating revenue for Q1 2022 reached ¥946,196,425.97, an increase of 16.4% compared to ¥812,747,718.93 in Q1 2021[31] - Total operating costs for Q1 2022 were ¥791,267,049.72, up 17.3% from ¥674,767,849.27 in the same period last year[31] - Net profit for Q1 2022 was ¥139,074,025.51, representing a 4.3% increase from ¥133,171,253.77 in Q1 2021[34] - The company’s operating profit for Q1 2022 was ¥154,799,844.84, up from ¥146,631,195.68 in the previous year, marking a growth of 5.4%[33] Cash Flow and Liquidity - The cash flow from operating activities was negative CNY 369.26 million, a decrease of 30.12% compared to the previous year[4] - The company's cash and cash equivalents decreased from CNY 2,423,105,762.74 to CNY 1,586,733,295.22, a decline of approximately 34.5%[23] - The company reported a total cash inflow from operating activities of ¥1,072,355,327.09, slightly down from ¥1,090,058,077.23 in the previous year[36] - The cash flow from other operating activities was ¥39,811,590.54, down from ¥70,425,004.83 in the previous year, indicating a decline of 43.6%[36] - The net cash flow from operating activities was -$369.26 million, compared to -$283.79 million in the previous period, indicating a decline in operational cash generation[38] - The total cash and cash equivalents at the end of the period stood at $283.13 million, down from $572.52 million at the end of the previous period, showing a significant decrease in liquidity[38] - The cash outflow from operating activities totaled $1.44 billion, up from $1.37 billion in the previous period, suggesting increased operational expenses[38] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5.566 billion, an increase of 0.80% from the end of the previous year[4] - The total assets of the company rose from CNY 5,521,804,720.75 to CNY 5,565,716,916.71, an increase of approximately 0.8%[25] - The company’s total liabilities decreased from CNY 1,000,000,000 to CNY 900,000,000, reflecting a reduction of 10%[25] - The company's total liabilities decreased to ¥564,246,476.12 from ¥660,797,782.91, a reduction of approximately 14.6%[28] - Total equity attributable to shareholders increased to ¥5,001,508,183.22 from ¥4,861,044,428.07, reflecting a growth of 2.9%[28] Shareholder Information - The company holds a total of 10,473,000 shares through a margin trading account, representing 0.43% of the total share capital[18] - The top shareholder, Zhang Yuxiang, owns 24.94% of the shares, totaling 612,159,216 shares, with 73,085,800 shares pledged[18] Inventory and Receivables - Accounts receivable increased significantly from CNY 916,593,493.30 to CNY 1,374,255,072.84, representing a growth of about 50%[23] - The company reported a decrease in inventory from CNY 3,694,311.05 to CNY 3,047,605.05, a reduction of about 17.5%[25] Strategic Initiatives - The company plans to continue expanding its multi-channel and multi-brand strategy to enhance business sustainability[5] - The company is in the process of acquiring 100% equity of Baijiahao (Shanghai) Fashion Co., Ltd., with the registration completed[21] - The company has announced a change in its signing auditors for the 2021 fiscal year[21] Tax and Expenses - The company’s tax expenses for Q1 2022 were ¥21,708,086.63, compared to ¥13,938,291.67 in Q1 2021, an increase of 55.8%[34] Investment Activities - Total cash inflow from investment activities was $113.06 million, significantly lower than $727.70 million in the previous period, reflecting reduced investment recovery[38] - The net cash flow from investment activities was -$428.25 million, a stark contrast to a positive $494.99 million in the previous period, highlighting increased cash outflows for investments[38] - Cash received from investment activities included $50.20 million from investment recoveries, a sharp decline from $710 million previously, indicating challenges in asset liquidation[38] - Cash paid for the acquisition of fixed assets and other long-term assets was $280.31 million, compared to only $252.74 thousand in the previous period, reflecting increased capital expenditures[38] Currency Impact - The impact of exchange rate changes on cash and cash equivalents was -$21,014.15, contrasting with a positive impact of $29,805.13 in the previous period, indicating currency volatility effects[38]