红旗连锁(002697) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 2,260,117,448.27, a decrease of 3.64% compared to the same period last year[9] - Net profit attributable to shareholders was CNY 124,070,436.97, down 13.27% year-on-year[9] - Basic earnings per share decreased by 18.18% to CNY 0.09[9] - Despite a slight decline in Q1 2021 compared to 2020, the company showed growth in revenue, customer traffic, and average transaction value compared to Q1 2019[20] - The company recognized a profit impact of CNY 7,400,000 due to the implementation of new leasing standards starting January 1, 2021[20] - The value-added service revenue for the quarter was CNY 1,128,000,000[20] - Operating revenue decreased by 3.64% to ¥226,011.74 million, impacted by the previous year's pandemic[21] - Operating revenue for the current period was CNY 2,260,117,448.27, a decrease from CNY 2,345,432,036.27[52] - Total operating revenue for the current period was CNY 744,600,739.37, an increase from CNY 737,530,210.27 in the previous period, representing a growth of approximately 0.14%[63] - Net profit for the current period was CNY 124,044,580.16, down from CNY 143,090,634.88 in the previous period, reflecting a decrease of approximately 13.3%[58] - Total comprehensive income amounted to CNY 40,699,690.73, compared to CNY 56,443,794.12 in the previous period[69] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY -12,769,902.99, a 98.34% increase compared to the previous year[9] - Net cash flow from operating activities improved by 103.18% to -¥1,276.99 million, influenced by changes in payment timing and new leasing standards[21] - Cash inflow from operating activities totaled CNY 2,578,995,528.80, slightly down from CNY 2,580,636,178.30 in the prior period[74] - Cash outflow for purchasing goods and services was CNY 2,060,480,815.68, a decrease from CNY 2,309,032,611.11 year-over-year[74] - Net cash flow from operating activities was negative CNY 12,769,902.99, an improvement from negative CNY 401,809,265.55 in the previous period[74] - Cash flow from investing activities resulted in a net outflow of CNY 430,811,769.80, compared to a net inflow of CNY 366,438,863.74 last year[74] - Cash flow from financing activities showed a net outflow of CNY 646,287,786.88, contrasting with a net inflow of CNY 498,513,397.22 in the previous period[76] - The ending cash and cash equivalents balance was CNY 906,779,523.49, down from CNY 1,204,330,836.94 at the end of the previous period[76] Assets and Liabilities - Total assets increased by 16.61% to CNY 7,137,636,941.87 compared to the end of the previous year[9] - Trading financial assets increased to ¥400 million, a 100% increase compared to the previous year[21] - Total liabilities amounted to CNY 3,568,724,309.78, an increase from CNY 2,675,916,200.34 in the previous period[52] - Current assets totaled CNY 2,765,540,168.90, down from CNY 3,237,987,528.28[46] - Non-current liabilities totaled CNY 1,046,212,262.87, significantly higher than CNY 20,300,000.00 previously reported[52] - Total assets increased from CNY 6,120,784,252.27 on December 31, 2020, to CNY 7,453,088,993.19 on January 1, 2021, reflecting an increase of CNY 1,332,304,740.92[82] - Total liabilities increased from CNY 2,675,916,200.34 to CNY 4,008,220,941.26, an increase of CNY 1,332,304,740.92[85] - Non-current liabilities rose from CNY 20,300,000.00 to CNY 1,352,604,740.92, reflecting an increase of CNY 1,332,304,740.92[85] Financial Standards and Adjustments - The company executed a new leasing standard adjustment starting in 2021, impacting the financial statements[81] - The company adopted new leasing standards effective January 1, 2021, impacting the financial statements without retrospective adjustments[88] - The company reported a significant increase in fixed assets due to the new leasing standard implementation[88] Other Financial Metrics - The company reported a decrease in cash received from sales of goods and services, totaling CNY 878,132,342.63, compared to CNY 835,710,722.41 in the previous period[77] - Financial expenses surged by 236.81% to ¥1,520.56 million due to the implementation of new leasing standards[21] - The financial expenses for the current period were CNY 15,205,627.67, significantly higher than CNY 4,514,653.79 in the previous period, indicating an increase of approximately 236.5%[58] - Tax expenses for the current period were CNY 17,415,485.53, up from CNY 15,326,207.10, reflecting an increase of about 13.6%[58] - Other income for the current period was CNY 4,404,857.31, slightly up from CNY 4,087,130.64, indicating a growth of approximately 7.8%[58]