ST易购(002024) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 12,893,845, representing a year-on-year increase of 2.50% compared to CNY 12,579,798 in the same period last year[5]. - The net profit attributable to shareholders was CNY 17,960, a significant turnaround from a loss of CNY 96,871 in the previous year, marking an increase of 118.54%[5]. - Comparable store sales increased by 23.3% year-on-year, contributing to a total store sales revenue growth of 19.3% in Q1 2025[9]. - The company reported a significant increase of 950.16% in cash flow from investing activities, primarily due to the sale of other equity investments[12]. - The company's total revenue for the current period was 12.89 billion yuan, an increase from 12.58 billion yuan in the previous period[28]. - The net profit for the current period was 24.75 million yuan, recovering from a net loss of 68.49 million yuan in the previous period[28]. - The company reported an operating profit of 99.20 million yuan, a significant improvement from an operating loss of 76.31 million yuan in the previous period[28]. - Total revenue from sales of goods and services reached 14,987,565 thousand yuan, an increase from 13,276,137 thousand yuan in the previous period, representing a growth of approximately 12.9%[31]. - Total comprehensive income attributable to the parent company was 124,560 thousand yuan, a recovery from a loss of 2,423 thousand yuan in the previous period[29]. - Basic and diluted earnings per share improved to 0.0020 yuan per share, compared to a loss of 0.0106 yuan per share in the previous period[29]. - The company reported a total comprehensive income of 131,349 thousand yuan, significantly higher than 25,959 thousand yuan in the previous period[29]. Store Operations - The company opened and renovated 11 new stores, including Suning Max and Suning Pro, enhancing brand image and sales scale[9]. - The total number of self-operated stores decreased to 935, with a net decrease of 15 stores in the home appliance and 3C category during Q1 2025[15]. Cash Flow - The net cash flow from operating activities decreased by 34.67% to CNY 919,183 from CNY 1,406,920 in the previous year[5]. - Cash flow from investment activities generated a net inflow of 1,544,732 thousand yuan, a significant improvement compared to a net outflow of 181,698 thousand yuan in the previous period[32]. - Cash flow from financing activities resulted in a net outflow of 2,480,448 thousand yuan, worsening from a net outflow of 1,398,975 thousand yuan in the previous period[32]. - The company experienced a decrease in cash outflows related to operating activities, totaling 14,234,190 thousand yuan, compared to 12,024,185 thousand yuan in the previous period[32]. Assets and Liabilities - The total assets at the end of Q1 2025 were CNY 118,014,360, a decrease of 0.86% from CNY 119,042,939 at the end of the previous year[5]. - The company's total liabilities as of March 31, 2025, were 106.67 billion yuan, down from 107.88 billion yuan at the beginning of the period[27]. - The company's long-term equity investments as of March 31, 2025, were valued at 13.69 billion yuan, slightly up from 13.62 billion yuan at the beginning of the period[26]. - The total cash and cash equivalents at the end of the period stood at 3,179,937 thousand yuan, slightly down from 3,603,165 thousand yuan at the end of the previous period[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 191,734[18]. - The largest shareholder, Hangzhou Haoyue Enterprise Management Co., Ltd., holds 20.09% of shares, totaling 1,861,076,927 shares[18]. - Zhang Jindong, a significant shareholder, holds 17.70% of shares, totaling 1,640,181,431 shares, with 540,181,430 shares frozen and 1,100,000,000 shares pledged[18]. Guarantees and Financial Support - The company provided guarantees totaling RMB 29.18 billion to subsidiaries, representing 23.47% of the audited net assets for 2024[20]. - As of March 31, 2025, the actual guarantee balance used by subsidiaries to the company is RMB 143.99 billion[21]. - The company’s subsidiaries have provided guarantees for procurement and financing activities, with a total guarantee balance of RMB 72.03 billion for procurement[21]. - The company’s subsidiaries have also provided RMB 71.96 billion in guarantees for financing through real estate mortgages or credit guarantees[21]. - The company has engaged in innovative cooperation models with core brand merchants to manage payment arrangements[22]. Bankruptcy Impact - Guangzhou Jiaguang Supermarket and Dongguan Carrefour were declared bankrupt in 2024, resulting in a total net profit reduction of 1.68 billion yuan for the company[23]. - The total revenue for Guangzhou Jiaguang, Dongguan Carrefour, and Chengdu Carrefour in 2024 was 2.73 million yuan, 1.86 million yuan, and 13.73 million yuan respectively, accounting for only 0.005%, 0.003%, and 0.024% of the company's total revenue[23].