Better Life(SZ:002251)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was ¥3,317,298,126.70, a decrease of 21.73% compared to ¥4,238,357,179.51 in the same period last year[4] - Net profit attributable to shareholders was ¥28,056,214.23, down 72.93% from ¥103,641,065.49 year-on-year[4] - The basic earnings per share decreased by 75.00% to ¥0.03 from ¥0.12 in the previous year[4] - The company reported a significant decrease in total profit, which was ¥43,897,625.13, down 67.63% from ¥135,596,469.14 year-on-year, primarily due to the impact of pandemic control measures[10] - Operating profit for the period was CNY 42,401,916.94, down 66.8% from CNY 127,757,606.20 in the previous year[24] - The company reported a total comprehensive income of CNY 36,900,492.62, down 66.0% from CNY 108,334,522.50 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥31,839,751,850.99, a decrease of 1.56% from ¥32,343,243,508.23 at the end of the previous year[4] - Total assets decreased to CNY 31,839,751,850.99 from CNY 32,343,243,508.23 at the beginning of the year, reflecting a reduction of 1.6%[21] - Total liabilities decreased to CNY 24,183,619,396.74 from CNY 24,723,811,546.60, a decline of 2.2%[21] - The company's total equity attributable to shareholders increased by 0.41% to ¥7,293,183,941.77 from ¥7,263,165,024.30 at the end of the previous year[4] Cash Flow - The net cash flow from operating activities was ¥1,181,500,555.28, down 6.51% from ¥1,263,796,425.95 in the same period last year[4] - The company's cash flow from operating activities showed a significant decrease, impacting liquidity and operational flexibility[26] - Total cash inflow from operating activities is ¥3,946,663,760.72, down from ¥6,456,489,286.22, indicating a decline of approximately 38.9%[28] - Cash outflow from operating activities is ¥2,765,163,205.44, reduced from ¥5,192,692,860.27, reflecting a decrease of about 46.7%[28] - The net cash flow from investing activities showed a net outflow of ¥1,065,158,292.82, an increase of 124.62% compared to a net outflow of ¥474,210,247.93 in the same period last year[11] - Cash inflow from financing activities totals ¥2,427,350,546.00, down from ¥2,774,843,848.89, representing a decline of approximately 12.5%[29] Investments and Expenses - Research and development expenses were CNY 5,980,190.24, slightly down from CNY 6,561,456.65, indicating continued investment in innovation despite revenue decline[23] - The company plans to invest CNY 460 million to acquire commercial properties in Xiangtan, Hunan, with a total area of approximately 60,621.06 square meters[16] - The company reported a 49.03% increase in interest expenses, which rose to ¥560,959.84 from ¥376,410.52 year-on-year[10] Other Financial Metrics - The company experienced a 79.44% decrease in other income, which fell to ¥5,600,969.76 from ¥27,236,352.22 in the previous year[10] - The company's cash and cash equivalents decreased to CNY 1.06 billion from CNY 1.71 billion at the beginning of the year, representing a decline of approximately 38%[18] - Accounts receivable increased to CNY 347.3 million from CNY 291.7 million, reflecting a growth of about 19%[19] - Inventory decreased significantly to CNY 1.23 billion from CNY 1.58 billion, a reduction of approximately 22%[19] - The company’s goodwill remained stable at CNY 871.7 million, unchanged from the beginning of the year[19] - The company’s long-term equity investments slightly decreased to CNY 20.37 million from CNY 21.56 million, a decline of about 5.5%[19] Audit and Reporting - The company did not conduct an audit for the first quarter report[30]