天虹股份(002419) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥3.38 billion, a decrease of 2.23% compared to ¥3.46 billion in the same period last year[5]. - Net profit attributable to shareholders decreased by 25.39% to approximately ¥208.17 million from ¥279.03 million year-on-year[5]. - The net profit for Q1 2023 was approximately ¥207.95 million, a decrease of 25.56% compared to ¥279.37 million in Q1 2022[24]. - Total operating revenue for Q1 2023 was CNY 3,384,217,567.56, a decrease of 2.24% compared to CNY 3,461,278,884.43 in Q1 2022[45]. - Total comprehensive income for the first quarter was approximately CNY 207.91 million, a decrease of 25.5% compared to CNY 279.32 million in the previous year[47]. - Basic and diluted earnings per share were both CNY 0.1781, down from CNY 0.2387 in the same period last year, reflecting a decline of 25.3%[47]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching approximately ¥173.97 million, compared to a negative cash flow of ¥258.99 million in the same period last year, marking a 167.17% increase[5]. - Cash inflow from operating activities totaled CNY 5.49 billion, slightly up from CNY 5.35 billion year-over-year[48]. - Cash outflow from operating activities was CNY 5.31 billion, down from CNY 5.61 billion in the previous year, indicating better cost management[49]. - Net cash flow from investing activities was CNY 236.33 million, compared to CNY 103.74 million in the previous year, showing an increase of 127.7%[49]. - Cash and cash equivalents at the end of the period stood at CNY 4.55 billion, up from CNY 3.61 billion at the end of the previous year[49]. - The company's total assets decreased to CNY 29,009,786,455.47 in Q1 2023 from CNY 30,443,933,661.28 in Q1 2022, representing a reduction of 4.73%[44]. Equity and Liabilities - The company's equity attributable to shareholders increased by 5.15% to approximately ¥4.25 billion from ¥4.04 billion at the end of the previous year[5]. - Total liabilities decreased to CNY 24,752,031,546.27 in Q1 2023 from CNY 26,394,086,359.53 in Q1 2022, a decline of 6.21%[44]. - The asset-liability ratio improved slightly to 85.32% from 85.93% year-on-year[26]. Business Operations - The retail business revenue for Q1 2023 was approximately ¥3.29 billion, a slight decrease of 1.51% year-on-year[14]. - The gross margin for the retail business was 35.44%, reflecting a minor increase of 0.50% compared to the previous year[14]. - The company's sales in Q1 2023 increased by 7.4% year-on-year, with online sales growing by 19.9%[19]. - The strategic core product group sales grew by 3.6%, with major products like alcohol and health supplements seeing a sales increase of 42.9%[21]. - The company opened 21 new stores in Q1 2023, resulting in a sales increase of 2,025.51% for these new locations[31]. Regional Performance - In the South China region, the total revenue for supermarkets decreased by 2.62% to CNY 150,026,000, while the total revenue for hypermarkets increased by 2.04% to CNY 59,536,000[36]. - In the Central China region, total revenue increased by 3.16% to CNY 72,458,000, with a profit growth of 25.83%[36]. - The total revenue for the East China region decreased by 4.39% to CNY 16,125,000, despite a significant profit increase of 130.41%[36]. - The Beijing region reported a total revenue increase of 2.27% to CNY 5,962,000, with a profit growth of 35.40%[36]. Shareholder Information - The company had a total of 42,707 common shareholders at the end of the reporting period[39]. - The largest shareholder, AVIC International Holdings, holds 44.56% of the shares, totaling 520,885,500 shares[39]. - The company completed the non-trading transfer of 1,617,582 shares as part of its stock repurchase plan[40]. - Five Dragon Trading Limited plans to reduce its holdings by up to 46,753,910 shares, representing 4% of the total share capital[41]. Future Plans and Strategies - The company is focusing on "recovery, efficiency, and transformation" to seize new development opportunities in the recovering Chinese economy and consumer market[18]. - The company plans to adjust and upgrade several key shopping centers and department stores in 2023 to enhance customer experience[19]. - The company has signed 14 new projects with a total area of approximately 742,400 square meters, indicating ongoing expansion efforts[29]. Inventory and Expenses - The average inventory turnover days for self-operated products decreased to 28.80 days from 31.54 days year-on-year[27]. - Research and development expenses for Q1 2023 were CNY 20,024,526.32, down from CNY 23,110,753.62 in Q1 2022, reflecting a decrease of 13.1%[45]. - The company's financial expenses for Q1 2023 were CNY 51,438,049.37, a decrease of 20% compared to CNY 64,278,051.09 in Q1 2022[46]. - The company reported a decrease in accounts payable to CNY 1,845,772,947.50 in Q1 2023 from CNY 2,357,151,283.34 in Q1 2022, a reduction of 21.6%[43]. Audit Status - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[50].