Bestore(603719)2023-10-27 16:00Profitability and Earnings - Net profit attributable to shareholders of the listed company decreased by 33.43% year-to-date, mainly due to a decline in online channel revenue and an increase in fixed cost ratio[1] - Net profit attributable to shareholders of the listed company for the current reporting period decreased by 97.88%, primarily due to a decline in online channel revenue and a decrease in gross margin compared to the same period last year[1] - Basic earnings per share (EPS) for the current reporting period decreased by 95.83%[1] - Net profit attributable to shareholders of the listed company was 1,998,370.05 yuan, a significant decrease of 97.88% year-over-year[10] - Basic earnings per share (EPS) was 0.01 yuan, a decrease of 95.83% year-over-year[11] - Net profit attributable to the parent company's shareholders in Q3 2023 was RMB 191,304,417.63, a decrease of 33.43% compared to RMB 287,387,620.14 in Q3 2022[24] - Basic earnings per share (EPS) for Q3 2023 were RMB 0.48, down 33.33% from RMB 0.72 in Q3 2022[25] - Total comprehensive income for Q3 2023 was RMB 192,503,309.43, down 33.03% from RMB 287,416,084.86 in Q3 2022[25] Revenue and Operating Performance - Revenue for the reporting period was 2,012,774,891.23 yuan, a decrease of 4.53% year-over-year[10] - Total operating revenue for Q3 2023 was RMB 5,999,493,095.14, a decrease of 14.34% compared to RMB 7,002,955,143.82 in the same period last year[23] - Operating costs for Q3 2023 were RMB 5,824,266,290.71, down 13.37% from RMB 6,723,251,859.58 in Q3 2022[23] - Cash received from sales of goods and services in the first nine months of 2023 was RMB 6,969,013,512.39, a decrease of 13.29% compared to RMB 8,036,809,931.12 in the same period last year[27] - Total cash inflows from operating activities in the first nine months of 2023 were RMB 7,355,259,661.95, down 10.16% from RMB 8,187,586,568.42 in the same period last year[27] - Cash paid for goods and services in the first nine months of 2023 was RMB 4,215,570,589.62, a decrease of 13.85% compared to RMB 4,893,428,869.71 in the same period last year[27] - R&D expenses in Q3 2023 were RMB 36,204,738.39, down 5.01% from RMB 38,114,661.53 in Q3 2022[23] - Sales expenses in Q3 2023 were RMB 1,150,498,949.60, a decrease of 10.7% compared to RMB 1,288,320,215.57 in Q3 2022[23] Cash Flow and Liquidity - Cash flow from operating activities increased by 65.13% year-to-date, mainly due to reduced promotional expenses and freight costs[1] - Net cash flow from operating activities was 960,740,958.46 yuan, an increase of 65.13% year-over-year[11] - Net cash flow from operating activities increased to 960,740,958.46, up from 581,795,078.16 in the previous period[28] - Cash paid for employee compensation and benefits amounted to 783,846,308.61, slightly higher than the previous 770,445,040.98[28] - Cash paid for taxes decreased significantly to 446,261,803.35 from 627,383,388.26[28] - Net cash flow from investing activities was -367,494,518.30, a larger outflow compared to -52,224,472.51 in the previous period[28] - Cash received from disposal of subsidiaries and other business units was 16,744,999.86[28] - Net cash flow from financing activities was -456,893,921.56, a larger outflow than the previous -326,898,942.97[28] - Cash and cash equivalents at the end of the period totaled 1,439,247,741.18, up from 1,302,895,222.58 at the beginning[29] Assets and Liabilities - Total current assets as of September 30, 2023, were RMB 2,946,022,409.16, a decrease from RMB 3,562,777,095.38 at the end of 2022[4] - Total liabilities as of September 30, 2023, were RMB 2,609,833,116.80, a slight decrease from RMB 2,638,029,564.19 at the end of 2022[5] - Total equity attributable to shareholders of the parent company as of September 30, 2023, was RMB 2,503,110,510.69, an increase from RMB 2,398,802,268.69 at the end of 2022[5] - The company's total assets as of September 30, 2023, were RMB 5,111,482,975.74, an increase from RMB 5,035,859,789.33 at the end of 2022[5] - Total assets as of the end of the reporting period were 5,111,482,975.74 yuan, an increase of 1.50% compared to the end of the previous year[11] - Equity attributable to shareholders of the listed company was 2,503,110,510.69 yuan, an increase of 4.35% compared to the end of the previous year[11] - Long-term equity investments increased to 55,484,228.45 yuan from 28,331,753.44 yuan[16] - Fixed assets increased to 662,250,840.27 yuan from 559,466,142.80 yuan[16] - Total non-current assets were 2,165,460,566.58 yuan, an increase from 1,473,082,693.95 yuan[16] Shareholder Information - The largest shareholder, Ningbo Hanyi Venture Capital Partnership, holds 35.38% of the company's shares[2] - The second-largest shareholder, Dayong Limited, holds 27.05% of the company's shares[2] Non-Recurring Items - Non-recurring gains and losses for the reporting period included government subsidies of 2,821,111.72 yuan[13]