Better Life(SZ:002251)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥4,238,357,179.51, representing a decrease of 8.47% compared to ¥4,630,525,495.60 in the same period last year[7]. - Net profit attributable to shareholders was ¥103,641,065.49, an increase of 3.27% from ¥100,361,525.70 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥75,666,934.27, down 11.45% from ¥85,455,741.48 in the previous year[7]. - The company's operating revenue for the reporting period was 4.238 billion yuan, a decrease of 8.47% compared to the same period last year, primarily due to the transition of home appliance business operations and an increase in the proportion of department store joint sales[16]. - The company's total GMV for the reporting period was 8.251 billion yuan, an increase of 18.23% year-on-year[16]. - The net profit attributable to shareholders for the reporting period was 104 million yuan, an increase of 3.27% compared to the same period last year[16]. - The net profit for the first quarter of 2021 was CNY 79,547,224.92, an increase of 12.9% compared to CNY 70,610,469.53 in the same period last year[58]. - Operating profit reached CNY 108,120,808.68, up from CNY 95,460,765.98, reflecting a growth of 13.8% year-over-year[58]. - Total revenue from sales of goods and services was CNY 6,224,679,938.31, slightly down from CNY 6,272,633,728.01 in the previous year[60]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 99.69% to ¥1,263,796,425.95, compared to ¥632,883,279.66 in the same period last year[7]. - The company's cash and cash equivalents increased by 35.99% to approximately 1.958 billion yuan, primarily due to increased borrowings and operational cash flow[17]. - The net cash flow from operating activities for the reporting period was 1.264 billion yuan, an increase of 99.69% year-on-year, mainly due to reduced cash outflows from operating activities[16][23]. - The company's cash and cash equivalents at the end of the period totaled CNY 878,756,235.80, down from CNY 1,652,990,835.45 at the end of the previous year[62]. - The net cash flow from operating activities was CNY 1,263,796,425.95, significantly higher than CNY 632,883,279.66 in the same quarter last year, marking a 99.8% increase[61]. - The company reported a net cash outflow from investing activities of CNY 305,495,194.33, an improvement from a net outflow of CNY 403,271,588.90 in the same period last year[65]. - The company's total assets at the end of the reporting period reached ¥27,574,286,628.69, a growth of 12.31% from ¥24,551,123,971.91 at the end of the previous year[7]. - Current assets totaled CNY 5.71 billion, slightly up from CNY 5.61 billion, indicating a growth of about 1.6%[44]. - Non-current assets increased significantly to CNY 21.87 billion from CNY 18.94 billion, marking a rise of approximately 15.5%[45]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 29,940[11]. - The largest shareholder, Bubu Gao Investment Group, held 33.99% of the shares, amounting to 293,602,133 shares[11]. - The company plans to repurchase shares using self-owned funds of 100 million to 200 million RMB, with a total of 6,939,888 shares repurchased by March 31, 2021, at a total cost of 56,172,934 RMB[27]. Liabilities and Equity - Total liabilities rose to CNY 20.41 billion from CNY 16.95 billion, reflecting an increase of around 20.5%[46]. - The company’s total equity decreased to CNY 7.16 billion from CNY 7.60 billion, a decline of approximately 5.8%[47]. - The total liabilities increased to CNY 27,516,807,550.41 as of March 31, 2021, compared to CNY 23,148,300,112.64 at the end of 2020, representing a growth of 18.5%[51]. - The total equity decreased to CNY 7,086,666,951.39 from CNY 7,219,893,791.56, indicating a decline of 1.8%[51]. Operational Developments - The company opened 11 new supermarket stores and renovated 1 store during the reporting period, enhancing its market presence[25]. - The digital membership reached 26.34 million by the end of March 2021, with member transactions accounting for 75% of total sales[26]. - The company implemented a flexible employment platform with over 50% active user participation, achieving a transaction volume of over 20 million yuan in the first quarter[26]. Financial Management - The company's financial expenses increased by 43.38% to approximately 130 million yuan, primarily due to increased interest expenses from additional borrowings[21]. - The company reported a decrease in investment income, with a loss of CNY 14,502,692.54 compared to a loss of CNY 3,613,116.83 in the previous year[58]. - The company paid CNY 426,125,978.72 in employee compensation, which was slightly higher than CNY 425,964,622.79 in the previous year[61]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[54].