Revenue Performance - For the three months ended March 30, 2024, the total operating revenue was RMB 1,052.8 million, a decrease of RMB 53.2 million or 4.8% compared to the same period last year[1]. - The total sales revenue (including VAT) for the same period was RMB 2,666.5 million, down 7.3% year-on-year, primarily due to a shift in consumer behavior post-pandemic[7]. - Same-store sales decreased by 10.3% compared to the same period last year[7]. - Total sales for the three months ended March 30, 2024, amounted to RMB 2,094.7 million, a decrease of 10.2% from RMB 2,331.4 million in the same period of 2023[37]. Profitability - Operating profit for the three months was RMB 143.9 million, an increase of RMB 39.7 million or 38.1% from RMB 104.2 million in the same period last year[1]. - The profit attributable to the owners of the company was RMB 19.1 million, down from RMB 26.6 million in the same period last year[22]. - The total operating expenses, excluding procurement and inventory changes, decreased by RMB 24.9 million or 5.5% to RMB 427.7 million for the three months ended March 30, 2024[38]. Market Expansion - The group opened a new supermarket in Mianyang, Sichuan Province, in January 2024, indicating ongoing market expansion efforts[8]. - The group operates 43 Parkson stores across 28 cities in China and Laos as of March 30, 2024[40]. Financial Position - Non-current liabilities included interest-bearing bank borrowings of RMB 148.9 million as of March 30, 2024, compared to RMB 2,330.6 million as of December 30, 2023[5]. - Current liabilities amounted to RMB 4,797.4 million as of March 30, 2024, compared to RMB 2,841.8 million as of December 31, 2023[28]. - Non-current assets as of March 30, 2024, totaled RMB 7,995.4 million, a slight decrease from RMB 8,041.7 million as of December 31, 2023[28]. - Trade receivables increased to RMB 437.7 million as of March 30, 2024, from RMB 391.9 million as of December 31, 2023[28]. Cash Flow - The net cash flow from financing activities was negative at RMB 313.0 million[6]. - Cash and cash equivalents at the end of the period were RMB 1,550.3 million, reflecting a decrease of RMB 133.3 million[32]. - The group reported a net cash flow from operating activities of RMB 198.9 million for the period[31]. - The group has entered into a financing agreement for a maximum amount of RMB 2,500 million with a syndicate of banks, aimed at refinancing existing loans maturing in January 2025[29].
百盛集团(03368) - 2024 Q1 - 季度业绩