Youngor(SH:600177)2024-04-29 11:27Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,311,464,552.55, representing a year-on-year increase of 1.40%[4] - The net profit attributable to shareholders of the listed company was CNY 926,972,854.76, reflecting a year-on-year growth of 6.86%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 920,370,965.63, which is an increase of 14.14% compared to the same period last year[4] - The basic earnings per share for the period was CNY 0.20, up by 5.26% year-on-year[4] - The total comprehensive income for Q1 2024 was CNY 1,019,001,992.12, compared to CNY 1,559,554,174.46 in Q1 2023, indicating a decrease of about 34.6%[24] - The net profit for Q1 2024 was CNY 936,011,857.54, a slight increase from CNY 927,216,991.63 in Q1 2023, representing a growth of approximately 0.86%[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 81,089,545,427.82, showing a slight increase of 0.72% from the end of the previous year[5] - The equity attributable to shareholders of the listed company was CNY 40,224,592,921.78, marking a year-on-year increase of 2.57%[5] - Total liabilities decreased to CNY 40,569,300,217.87 in Q1 2024 from CNY 41,040,515,641.04 in Q1 2023, indicating a reduction of approximately 1.2%[19] - The company's total equity increased to CNY 40,520,245,209.95 in Q1 2024, up from CNY 39,471,211,147.23 in Q1 2023, representing a growth of about 2.7%[20] Cash Flow - The net cash flow from operating activities was negative at CNY -275,527,399.04, indicating a significant change from the previous period[4] - Operating cash flow for Q1 2024 was CNY -275,527,399.04, an improvement from CNY -713,538,454.59 in Q1 2023[26] - The company reported cash inflows from operating activities totaling CNY 2,671,737,177.03 in Q1 2024, down from CNY 4,290,852,294.35 in Q1 2023[26] - The company recorded a net cash inflow from financing activities of CNY 1,227,019,014.15 in Q1 2024, compared to CNY 203,531,968.70 in Q1 2023, indicating a significant increase[27] Segment Performance - The fashion segment reported operating revenue of CNY 1,845.49 million, a decline of 7.84% year-on-year, with a net profit of CNY 279.47 million, down 20.55%[14] - The real estate segment achieved pre-sales of CNY 1,389.14 million, a decrease of 60.04% year-on-year, while revenue recognized was CNY 1,461.67 million, up 14.78%[16] - Investment business net profit reached CNY 517.01 million, marking a year-on-year increase of 36.63%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,441[8] - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,706,212,641 shares, accounting for 36.86% of the total shares[8] Operational Metrics - The company opened 21 new self-operated stores and closed 29, resulting in a total of 1,721 self-operated stores by the end of the period[16] - The company reported a decrease in the number of self-operated stores by 8.43% compared to the previous period[16] Cost and Expenses - Total operating costs for Q1 2024 were CNY 3,003,159,845.76, compared to CNY 2,811,974,069.32 in Q1 2023, indicating an increase of about 6.8%[21] - Total operating expenses for Q1 2024 were CNY 2,947,264,576.07, down from CNY 5,004,390,748.94 in Q1 2023[26] - Research and development expenses decreased to CNY 19,672,229.90 in Q1 2024 from CNY 30,966,484.99 in Q1 2023, a reduction of about 36.3%[21] Other Financial Metrics - The gross margin for the YOUNGOR brand was 74.30%, a decrease of 0.78 percentage points compared to the previous year[15] - The company's cash and cash equivalents as of March 31, 2024, were CNY 14,441.04 million, compared to CNY 12,821.04 million at the end of 2023[17] - The company's total accounts receivable increased to CNY 373.35 million from CNY 295.42 million year-on-year[17] - Cash and cash equivalents were reported at CNY 1,306,030,304.06 in Q1 2024, compared to CNY 1,233,025,076.15 in Q1 2023, an increase of approximately 5.9%[19] - The company reported a decrease in other comprehensive income after tax to CNY 82,990,134.58 in Q1 2024 from CNY 632,337,182.84 in Q1 2023, a decline of approximately 87.8%[22]