锦泓集团(603518) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥845,050,049.25, representing a decrease of 14.21% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥13,889,989.83, down 70.56% year-on-year[2]. - Basic earnings per share decreased to ¥0.04, a drop of 70.94% from the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 2,922,553,915.85, a decrease of 5.6% compared to CNY 3,096,095,436.95 in the same period of 2023[22]. - Operating profit for the first three quarters of 2024 was CNY 211,880,731.07, a decline from CNY 227,203,907.36 in the previous year[23]. - The total profit for the current period is 213,256,240.77 RMB, a decrease of approximately 18.4% compared to 261,396,420.38 RMB in the previous period[24]. - The net profit attributable to the parent company's shareholders is 161,632,937.57 RMB, down from 190,513,465.16 RMB, reflecting a decline of about 15.2%[24]. - The total comprehensive income for the current period is 161,094,268.49 RMB, compared to 189,837,487.19 RMB in the previous period, indicating a decrease of approximately 15.3%[25]. Cash Flow and Assets - The net cash flow from operating activities was ¥13,862,856.06, reflecting a significant decline of 86.15% compared to the previous year[2]. - Cash inflows from operating activities totaled 3,051,153,882.11 RMB, down from 3,171,905,281.35 RMB, representing a decline of about 3.8%[26]. - The net cash flow from operating activities is 374,469,335.83 RMB, a decrease of approximately 21.6% from 477,396,013.13 RMB in the previous period[27]. - The ending balance of cash and cash equivalents is 388,492,946.93 RMB, down from 411,744,508.65 RMB, reflecting a decrease of approximately 5.6%[28]. - The company's cash and cash equivalents decreased from CNY 534.18 million at the end of 2023 to CNY 388.49 million by September 30, 2024[18]. - Total assets at the end of the reporting period were ¥5,531,288,671.28, a decrease of 2.09% from the end of the previous year[3]. - Total assets decreased to CNY 5,531,288,671.28 from CNY 5,661,827,815.39, reflecting a reduction of 2.3%[21]. - Current liabilities increased to CNY 1,863,593,059.25, up 25.5% from CNY 1,484,249,770.85 in the previous year[20]. - Non-current liabilities decreased significantly to CNY 198,614,879.72 from CNY 787,411,071.06, a drop of 74.8%[21]. - Cash outflows from financing activities amounted to 706,269,451.88 RMB, compared to 789,686,396.42 RMB, showing a reduction of about 10.6%[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,142, with the largest shareholder holding 18.06% of the shares[7]. - The company’s equity attributable to shareholders increased to CNY 3,469,080,732.31 from CNY 3,390,166,973.48, an increase of 2.3%[21]. Operational Metrics - The gross profit margin for the overall business decreased by 0.16 percentage points to 69.14% year-on-year[14]. - The online sales channel generated revenue of approximately CNY 1.09 billion, with a gross profit margin of 64.14%, down 1.96% year-on-year[14]. - The number of stores for the VGRASS brand decreased from 198 in September 2023 to 189 in September 2024, reflecting a decline of 4.55%[12]. - The number of new stores opened in the first nine months of 2024 was 8, with an average monthly sales revenue of CNY 102,000[16]. - The number of TEENIE WEENIE franchise stores increased by 32.75% year-on-year, while the number of direct stores decreased by 15.44%[12]. Investment and Expenses - The company reported an increase in research and development expenses to CNY 97,286,190.99, up from CNY 84,922,888.25, reflecting a growth of 14.1%[23]. - The company has invested 53,191,671.99 RMB in fixed assets, intangible assets, and other long-term assets, which is an increase from 25,738,217.51 RMB in the previous period[27]. - The company has reported a decrease in income tax expenses to 51,623,303.20 RMB from 70,882,955.22 RMB, reflecting a reduction of approximately 27.2%[24]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[1].