广百股份(002187) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥997,160,680.65, a decrease of 54.24% compared to ¥2,179,319,947.39 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥36,101,638.62, representing a decline of 166.01% from a profit of ¥54,694,843.59 in the previous year[8] - The basic earnings per share were -¥0.11, down 168.75% from ¥0.16 in the same period last year[8] - Total operating revenue decreased by 54.24% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic on the Chinese consumer market[17] - Net profit decreased by 167.33% compared to the same period last year, largely due to a significant decline in total profit[19] - The company expects a net profit in the range of -45 million to -35 million yuan for the first half of 2020, significantly lower than the net profit of 106.05 million yuan in the same period last year[26] - The total comprehensive income for Q1 2020 was -¥22.89 million, compared to ¥43.88 million in the same period last year[54] Cash Flow - The company reported a net cash flow from operating activities of -¥308,902,815.23, worsening from -¥126,615,918.38 in the previous year[8] - Cash inflow from operating activities decreased by 50.26% year-on-year, primarily due to the drop in operating revenue[21] - Cash flow from operating activities showed a net outflow of -¥308.90 million, worsening from -¥126.62 million in Q1 2019[57] - The net cash flow from operating activities was -150,813,046.81, compared to -69,772,956.20 in the previous period, indicating a decline in operational performance[60] - The net increase in cash and cash equivalents was -100,665,226.61, compared to -75,531,014.84 in the previous period, indicating a worsening cash position[61] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,074,521,325.26, a decrease of 5.29% from ¥4,302,271,726.35 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.31% to ¥2,719,233,579.68 from ¥2,755,335,218.30 at the end of the previous year[8] - Cash and cash equivalents at the end of Q1 2020 were ¥1,443.89 million, down from ¥1,525.29 million at the end of Q1 2019[58] - The company's total liabilities decreased to CNY 1,335,807,506.95 from CNY 1,526,593,162.06, a decline of approximately 12.5%[41] - The company's total current liabilities decreased to CNY 1,288,394,736.25 from CNY 1,477,704,120.44, indicating a reduction of about 12.8%[41] Operational Costs - Total operating costs decreased by 50.56% year-on-year, mainly due to the decline in operating revenue caused by the pandemic[17] - The company incurred operating costs of ¥383.49 million in Q1 2020, down from ¥871.77 million in the same period last year, indicating a reduction in expenses[52] - The company reported a decrease in sales expenses to ¥100.01 million from ¥103.00 million year-over-year[52] Government Support and Taxation - Other income increased by 765,088.56 yuan year-on-year, mainly due to government subsidies related to stabilizing employment[17] - The company’s tax payable decreased by 86.70% due to reduced income and government tax exemptions during the pandemic[16] - Tax expenses decreased by 150.96% year-on-year, primarily due to the reduction in total profit[21] Future Outlook and Strategies - The company plans to implement various measures to mitigate the adverse effects of the pandemic, including organizing quality supply sources and promoting online and offline marketing activities[26] Investments - Investment cash outflow increased by 398.57% year-on-year, mainly due to increased capital contributions to joint ventures and the purchase of long-term assets[22] - The net cash flow from investing activities improved to 50,147,820.20, compared to -5,758,058.64 in the previous period, showing a significant recovery[61] Miscellaneous - The company did not undergo an audit for the first quarter report[63] - The company has not applied new revenue and leasing standards for the current period[62]