永辉超市(601933) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 21,664,836,890.58, representing a decrease of 8.98% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 736,404,585.02, an increase of 4.57% year-on-year[4] - Total revenue for Q1 2024 was CNY 20,237,913,603.06, representing a year-on-year decline of 8.38%[11] - Net profit for Q1 2024 was CNY 724.82 million, an increase of 6.8% compared to CNY 678.85 million in Q1 2023[18] - The net profit attributable to the parent company for Q1 2024 was ¥736,404,585.02, an increase from ¥704,225,687.58 in Q1 2023, representing a growth of approximately 4.0%[19] - The total comprehensive income attributable to the parent company for Q1 2024 was ¥725,673,968.20, compared to ¥680,062,072.88 in Q1 2023, reflecting an increase of about 6.7%[19] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 81.05%, amounting to CNY 1,984,471,475.51[4] - Cash inflows from operating activities totaled ¥24,489,497,324.73 in Q1 2024, down from ¥26,657,934,562.34 in Q1 2023, indicating a decrease of approximately 8.1%[20] - The net cash flow from operating activities for Q1 2024 was ¥1,984,471,475.51, significantly higher than ¥1,096,074,324.06 in Q1 2023, marking an increase of about 80.9%[20] - Cash and cash equivalents increased to CNY 6.92 billion from CNY 5.84 billion year-over-year[16] - Cash and cash equivalents at the end of Q1 2024 amounted to ¥6,750,807,693.88, compared to ¥6,261,475,472.23 at the end of Q1 2023, showing an increase of approximately 7.8%[20] - Cash outflows from financing activities in Q1 2024 were ¥1,314,083,829.93, a decrease from ¥2,972,306,713.39 in Q1 2023, representing a reduction of about 55.7%[20] - The net cash flow from investing activities for Q1 2024 was ¥72,403,979.62, down from ¥124,817,677.73 in Q1 2023, indicating a decrease of approximately 42.0%[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 49,883,069,359.55, down 4.17% from the previous year[5] - Total assets as of March 31, 2024, were CNY 49.88 billion, down from CNY 52.05 billion at the end of 2023[17] - Total liabilities decreased to CNY 43.22 billion in Q1 2024 from CNY 46.12 billion in Q4 2023[17] - The company’s equity attributable to shareholders increased to CNY 6.68 billion from CNY 5.94 billion year-over-year[17] - The equity attributable to shareholders increased by 12.41% to CNY 6,676,331,138.30 compared to the end of the previous year[5] Operational Highlights - Research and development expenses decreased by 37.35% compared to the previous period[8] - Research and development expenses for Q1 2024 were CNY 72.82 million, a decrease of 37.4% from CNY 116.23 million in Q1 2023[18] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[4] - The company plans to continue expanding its market presence through new store openings and enhancing online sales channels[14] - New store openings in Q1 2024 included three locations, with a total leased area of 19,000 square meters[12][13] - The company signed two new supermarket leases in Q1 2024, with a total leased area of 12,780.46 square meters[14] Online Business Performance - Online business revenue reached CNY 4.1 billion, a year-on-year increase of 1.99%, accounting for 18.92% of total revenue[14] - The "Yonghui Life" self-operated APP covered 911 stores, achieving sales of CNY 2.14 billion with an average daily order volume of 297,000[14] - The number of registered members on the "Yonghui Life" APP exceeded 117 million[14] - The average repurchase rate for the "Yonghui Life" APP was 46.6% during the reporting period[14] Profitability Metrics - The weighted average return on equity increased by 2.58 percentage points to 11.68%[4] - The gross profit margin for the total revenue was 17.82%, an increase of 0.62 percentage points compared to the previous year[11] Inventory and Other Financial Metrics - Inventory decreased significantly to CNY 6.56 billion, down 20.6% from CNY 8.27 billion in the previous year[16] - The company reported an investment income of CNY 143.22 million, a substantial increase from CNY 21.36 million in the same period last year[18] - The company experienced a decrease in cash received from sales of goods and services, totaling ¥23,984,770,983.72 in Q1 2024, compared to ¥25,987,350,794.96 in Q1 2023, reflecting a decline of about 7.7%[20] - The net loss attributable to minority shareholders improved to -¥11,586,529.55 in Q1 2024 from -¥25,372,945.18 in Q1 2023, indicating a positive change in minority interest[19]