漱玉平民(301017) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 1,587,366,356.60, representing a 33.99% increase compared to CNY 1,184,719,395.97 in the same period last year[6] - Net profit attributable to shareholders was CNY 49,513,055.97, up 31.61% from CNY 37,620,141.84 year-on-year[6] - The net profit after deducting non-recurring gains and losses increased by 61.60% to CNY 52,812,577.93 from CNY 32,681,017.38 in the previous year[6] - In Q1 2022, the company achieved revenue of RMB 158.74 million, a year-on-year increase of 33.99%[25] - The net profit attributable to shareholders was RMB 49.51 million, up 31.61% year-on-year, while the net profit excluding non-recurring gains and losses reached RMB 52.81 million, a growth of 61.60%[25] - Total operating revenue for the current period reached ¥1,587,366,356.60, an increase of 34.0% compared to ¥1,184,719,395.97 in the previous period[44] - Net profit for the current period was ¥49,492,167.56, representing a 34.3% increase from ¥36,792,571.21 in the previous period[47] - The company reported a total comprehensive income of ¥49,513,055.97 for the current period, compared to ¥37,620,141.84 in the previous period[51] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 5,423,578,891.92, an increase of 8.41% from CNY 5,002,769,668.71 at the end of the previous year[6] - As of the end of the first quarter of 2022, total assets reached approximately 5.42 billion yuan, up from 5.00 billion yuan at the beginning of the year[36] - Total liabilities amounted to ¥3,457,049,984.41, an increase from ¥3,088,732,928.76 in the previous period[43] - Total current liabilities rose to approximately 2.94 billion yuan from 2.62 billion yuan at the beginning of the year[39] - Total equity attributable to shareholders of the parent company was ¥1,939,101,961.43, up from ¥1,889,588,905.46 in the previous period[43] Cash Flow - Cash flow from operating activities decreased by 29.81% to CNY 62,801,486.78 from CNY 89,476,310.51 in the same period last year[6] - The net cash flow from operating activities was $62,801,486.78, a decrease of 29.8% compared to $89,476,310.51 in the previous period[55] - Cash inflow from investment activities totaled $126,745,211.23, significantly up from $3,063,272.37 in the prior period[55] - The net cash flow from financing activities was $36,220,433.04, recovering from a negative cash flow of $59,928,655.50 in the previous period[58] - The total cash and cash equivalents at the end of the period reached $391,178,131.80, an increase from $275,441,682.73 at the end of the previous period[58] - The company experienced a net increase in cash and cash equivalents of $65,102,272.93, contrasting with a decrease of $1,871,785.51 in the previous period[58] Operational Highlights - The number of accounts receivable increased by 44.74% to CNY 449,690,316.30, primarily due to an increase in store numbers and corresponding receivables[9] - The company's sales expenses rose by 47.93% to CNY 355,006,042.45, attributed to the increase in store numbers[13] - Financial expenses surged by 121.40% to CNY 13,832,467.08, mainly due to the amortization of lease interest expenses under new leasing standards[13] - The company reported a significant increase in investment income, which rose by 276.44% to CNY 2,150,297.68 from a loss of CNY 1,218,688.70 in the previous year[13] - Prepayments increased by 256.67% to CNY 16,007,495.21, primarily due to an increase in prepaid rent[9] - The DTP business recorded a sales revenue of RMB 263 million, representing a year-on-year increase of 68.58%[27] - The company’s new retail strategy led to over RMB 160 million in revenue from third-party B2C and O2O platforms, a growth of 72.5% year-on-year[27] Expansion and Acquisitions - The company expanded its store count to 3,686 by the end of the reporting period, with 2,897 direct-operated stores and 789 franchised stores[26] - The company signed 40 new franchise agreements in Q1 2022, bringing the total number of franchised stores to 789[28] - The company opened 100 new stores across various regions during the reporting period[26] - The company aims to strengthen its presence in northern China, covering provinces such as Liaoning, Heilongjiang, and Henan[30] - The company established a wholly-owned subsidiary in Harbin, Heilongjiang Province, completing business registration on January 18, 2022[31] - The acquisition of 54 stores from Zibo Renjitang by the company's subsidiary Zibo Shuyu Pharmacy was completed in January 2022, enhancing market share in Zibo, Shandong Province[31] - The company’s subsidiary Dongying Yishengtang acquired all operating assets of Dongying Shuyu, integrating 22 stores to improve market concentration in Dongying City[32] - The company and its subsidiary Tai'an Shuyu jointly purchased operational assets from Pingyin Shennong Pharmacy, completed in March 2022, to strengthen market presence in Pingyin County, Jinan City[32] - The company increased its stake in Harbin Baofeng Pharmacy from 10% to 19% by acquiring an additional 9% equity, completed on March 23, 2022[33] - The company purchased 51% equity in Fujian Huibaixing for no more than 50 million yuan, completing the transaction on March 24, 2022[33] - The company acquired 51% equity in Fujian Juzhilin for no more than 40 million yuan, with the transaction completed on March 25, 2022[33] Employee and Operational Costs - Cash outflow for purchasing goods and services was $1,073,255,204.99, up from $880,015,936.49 in the prior period, reflecting increased operational costs[55] - The company paid $238,491,082.66 to employees, which is an increase from $171,130,910.28 in the prior period, reflecting higher payroll expenses[55]