红旗连锁(002697) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,440,668,256.41, representing a year-on-year increase of 7.99% compared to CNY 2,260,117,448.27 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was CNY 122,109,239.31, a decrease of 1.58% from CNY 124,070,436.97 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was CNY 116,580,588.80, down 4.73% from CNY 122,371,299.76 year-on-year[3]. - Total operating revenue for the first quarter was CNY 2,440,668,256.41, an increase of 8.0% compared to CNY 2,260,117,448.27 in the previous year[24]. - Net profit for the quarter was CNY 122,109,239.31, slightly down from CNY 124,044,580.16, indicating a decrease of 1.6% year-over-year[26]. - The net profit attributable to the parent company was approximately ¥122.11 million, compared to ¥124.07 million in the previous period, reflecting a decrease of about 1.58%[30]. - The total comprehensive income attributable to the parent company was approximately ¥122.11 million, slightly down from ¥124.07 million, indicating a similar decline of about 1.58%[30]. - The basic and diluted earnings per share remained stable at ¥0.09, unchanged from the previous period[30]. Cash Flow - The net cash flow from operating activities increased significantly to CNY 136,956,594.43, a year-on-year growth of 1,172.50% compared to a negative cash flow of CNY -12,769,902.99 last year[3]. - The net cash flow from operating activities was approximately ¥136.96 million, a significant improvement from a net outflow of ¥12.77 million in the previous period[33]. - Cash inflows from operating activities totaled approximately ¥2.84 billion, compared to ¥2.58 billion in the previous period, marking an increase of about 10.4%[33]. - Cash outflows from operating activities were approximately ¥2.70 billion, up from ¥2.59 billion, representing an increase of about 4.3%[33]. - The net cash flow from investing activities was approximately -¥22.90 million, an improvement from -¥430.81 million in the previous period[36]. - The company reported a net cash outflow from financing activities of approximately -¥150.61 million, compared to -¥646.29 million in the previous period, indicating a reduction in cash outflow[36]. - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency and financial health[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,447,160,931.10, a decrease of 1.04% from CNY 7,525,459,819.48 at the end of the previous year[3]. - Current assets totaled CNY 3,632,395,995.62, an increase of 2.9% from CNY 3,529,493,034.43 at the start of the year[19]. - Inventory increased to CNY 1,810,391,981.25, up from CNY 1,664,401,148.43, representing a growth of 8.7%[19]. - Total liabilities decreased to CNY 3,641,139,706.02 from CNY 3,841,547,833.71, a reduction of 5.2%[22]. - The company's total assets at the end of the quarter were CNY 7,447,160,931.10, a decrease from CNY 7,525,459,819.48 at the beginning of the year[22]. - The company's equity attributable to shareholders rose to CNY 3,806,021,225.08, compared to CNY 3,683,911,985.77 at the beginning of the year, reflecting an increase of 3.3%[22]. - The equity attributable to shareholders increased by 3.31% to CNY 3,806,021,225.08 from CNY 3,683,911,985.77 at the end of the previous year[3]. Operational Insights - The decline in net profit was primarily due to a 32.59% decrease in investment income from investments in Xinwang Bank and Gansu Hongqi, which contributed CNY 21,000,000 to the net profit[7]. - The company has undertaken store clean-up and integration efforts, resulting in steady sales growth and increased cash inflow during the first quarter[7]. - The total number of ordinary shareholders at the end of the reporting period was 59,401[8]. - Total operating costs amounted to CNY 2,327,296,199.84, up from CNY 2,152,747,198.57, reflecting a year-over-year increase of 8.1%[26]. - Cash and cash equivalents at the end of the quarter were CNY 1,204,551,454.00, down from CNY 1,241,108,700.70, a decrease of 2.9%[19]. - The company reported a financial expense of CNY 20,311,116.34, which increased from CNY 15,205,627.67, indicating a rise of 33.5% year-over-year[26].