Better Life(SZ:002251)2020-04-28 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥5,516,013,769.90, representing a decrease of 1.83% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥100,361,525.70, down 46.21% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥85,455,741.48, a decline of 53.58% compared to the previous year[7]. - Basic earnings per share were ¥0.1162, down 46.20% year-on-year[7]. - The company reported a total comprehensive income of CNY 104.43 million for Q1 2020, compared to CNY 191.85 million in Q4 2019, a decrease of 45.49%[49]. - The net profit for the first quarter of 2020 was CNY 70,610,469.53, a decrease of 66.7% compared to CNY 211,633,084.72 in the same period last year[52]. - Operating profit for the first quarter was CNY 95,460,765.98, down 62.8% from CNY 256,335,247.28 year-over-year[52]. Cash Flow - The net cash flow from operating activities was ¥632,883,279.66, a decrease of 41.57% from the same period last year[7]. - The net cash flow from operating activities for Q1 2020 was ¥659,903,889.76, a decrease of 32.7% compared to ¥981,571,168.42 in Q1 2019[60]. - Total cash inflow from operating activities increased to ¥5,594,352,760.43, up 14.3% from ¥4,894,297,393.66 in the previous year[60]. - Cash outflow from operating activities rose to ¥4,934,448,870.67, an increase of 26.1% compared to ¥3,912,726,225.24 in Q1 2019[60]. - Cash flow from investing activities showed a net outflow of ¥403,271,588.90, improving from a net outflow of ¥949,866,337.24 in the same period last year[60]. - Cash inflow from financing activities totaled ¥2,939,433,761.80, an increase of 9.1% from ¥2,694,340,000.00 in Q1 2019[61]. - The net cash flow from financing activities was ¥484,752,343.46, down 20.5% from ¥609,586,432.86 in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period were ¥24,445,139,207.56, an increase of 0.28% compared to the end of the previous year[7]. - The company's current assets decreased to CNY 6,182,394,121.96 from CNY 6,386,106,277.01, representing a decline of about 3.19%[38]. - Total liabilities decreased to CNY 20.75 billion as of March 31, 2020, from CNY 21.10 billion at the end of 2019, a reduction of 1.66%[45]. - The total liabilities of the company slightly decreased to CNY 16,506,255,551.42 from CNY 16,543,765,323.37, a decrease of about 0.23%[40]. - The equity attributable to shareholders of the parent company was ¥7,558,862,369.40, remaining unchanged from the previous year[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,156[11]. - The largest shareholder, Bubu Gao Investment Group, held 34.99% of the shares, totaling 302,241,133 shares[11]. Operational Insights - In Q1 2020, the company's net profit attributable to shareholders decreased by 46.21% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic on offline operations[16]. - The company is actively negotiating rent reductions with landlords to mitigate the financial impact of the pandemic[17]. - The company has 341 Better Grocery home delivery stores and 151 JD Home delivery stores as of March 31, 2020, indicating ongoing expansion in online services[25]. - The number of digital members reached 18.82 million, with digital membership contributing 70% of total sales[25]. - The overall digital member repurchase rate increased by 44% compared to the previous year, indicating strong customer retention[25]. Research and Development - R&D expenses increased by 39.16% to CNY 7.31 million, reflecting higher investments in logistics system development[22]. - Research and development expenses rose to CNY 7.31 million, up 39.06% from CNY 5.25 million in Q4 2019[46].