武商集团(000501) - 2024 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1-Q3 2024, revenue declined 5.86% YoY, while net profit attributable to shareholders grew 4.74%; Q3 alone recorded a net loss due to a 13.84% revenue drop Key Accounting Data and Financial Indicators (Year-to-Date) | Indicator | Year-to-Date (RMB) | Year-to-Date Change vs. Prior Year Period | | :--- | :--- | :--- | | Operating Revenue | 5,118,774,044.93 | -5.86% | | Net Profit Attributable to Shareholders | 124,128,734.67 | 4.74% | | Net Profit Attributable to Shareholders (Excl. Non-Recurring) | 83,048,501.82 | -13.65% | | Net Cash Flow from Operating Activities | 947,678,375.31 | -44.02% | | Basic Earnings Per Share (RMB/share) | 0.16 | 6.67% | | Total Assets | 31,056,495,869.92 | -2.37% (vs. end of prior year) | | Total Equity Attributable to Shareholders | 11,046,853,474.84 | 0.09% (vs. end of prior year) | Key Accounting Data and Financial Indicators (Q3) | Indicator | Current Period (Q3, RMB) | Current Period Change vs. Prior Year Period | | :--- | :--- | :--- | | Operating Revenue | 1,476,144,041.02 | -13.84% | | Net Profit Attributable to Shareholders | -29,548,977.34 | - | Non-Recurring Gains and Losses Items and Amounts Year-to-date, total non-recurring gains and losses were 41.08 million RMB, mainly from non-current asset disposal, significantly impacting net profit Non-Recurring Gains and Losses Items and Amounts | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 38,905,228.65 | | Government Grants Recognized in Current Profit/Loss | 8,213,660.14 | | Other Non-Operating Income and Expenses | 8,094,783.03 | | Less: Income Tax Impact | 14,133,438.97 | | Total | 41,080,232.85 | Analysis of Major Financial Indicator Changes and Reasons Several financial indicators changed significantly, including a decrease in accounts receivable, an increase in debt due to bond issuance, a drop in lease liabilities, and a 44.02% decline in operating cash flow - Key Balance Sheet changes include: - Accounts Receivable: Decreased by 47.73% year-on-year due to a reduction in subsidiary receivables[5] - Bonds Payable: Increased by 82.98% year-on-year due to the issuance of medium-term notes[5] - Other Current Liabilities: Increased by 49.81% year-on-year due to the issuance of super short-term commercial papers[5] - Lease Liabilities: Decreased by 38.24% year-on-year as the YaMao Plaza operating premises were not renewed[5] - Key Income Statement and Cash Flow Statement changes include: - Asset Disposal Income: Surged by 713.07% year-on-year due to gains from disposal of non-current assets[5] - Net Cash Flow from Operating Activities: Decreased by 44.02% year-on-year due to reduced cash received from sales of goods and services[5] - Net Cash Flow from Investing Activities: Net outflow significantly narrowed due to reduced cash paid for the acquisition of long-term assets[5] - Net Cash Flow from Financing Activities: Shifted from positive to negative due to reduced cash received from borrowings[5] Shareholder Information Common Shareholder Holdings As of the reporting period end, the company had 34,074 common shareholders; the top two shareholders, Wuhan Shanglian Group and Zhejiang Yintai Department Store, maintained stable holdings, and the company's buyback account held 1.39% of shares - Total common shareholders at the end of the reporting period were 34,074[7] Top Ten Shareholders Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | | :--- | :--- | :--- | | Wuhan Shanglian (Group) Co., Ltd. | State-owned Legal Person | 21.55% | | Zhejiang Yintai Department Store Co., Ltd. | Domestic Non-State-owned Legal Person | 10.39% | | Dazi Yintai Commercial Development Co., Ltd. | Domestic Non-State-owned Legal Person | 5.56% | - As of September 30, 2024, the company held 10,725,100 shares through its dedicated share repurchase account, representing 1.39% of total share capital[7] Other Significant Matters Financing and Capital Operations During the reporting period, the company actively engaged in capital operations, completing multiple issuances and redemptions of super short-term commercial papers and medium-term notes, securing new registration quotas, and initiating a share repurchase plan, paying approximately 74.46 million RMB by period-end - The company issued "24 Wushang SCP001", "24 Wushang MTN001", and "24 Wushang SCP002" during the reporting period, raising a total of 1.78 billion RMB[11] - The company completed the maturity redemption of "23 Wushang SCP002" and "21 Wushang MTN001"[9][11] - The company initiated a share repurchase plan with a total amount of no less than 100 million RMB and no more than 150 million RMB. As of September 30, 10,725,100 shares have been repurchased, with a total payment of 74,459,937.38 RMB[14][15] Investment and Strategic Layout To drive strategic transformation, the company co-invested 300 million RMB in an industrial fund with a 96.5% subscription ratio, and decided not to renew the YaMao Plaza lease to optimize resource allocation - As a limited partner, the company invested 289.5 million RMB of its own funds to establish a 300 million RMB industrial fund, aiming to integrate traditional business with digitalization and new consumption[12] - For strategic planning and resource optimization, the company decided not to renew the lease for YaMao Plaza operating premises after the contract expires and plans to deregister the branch[15] Corporate Governance and Shareholder Returns The company completed two cash dividends for 2023 and mid-2024; the largest shareholder's non-compete commitment was extended by five years, and a board director's resignation and replacement were finalized - Completed two cash dividends for 2023 (0.5 RMB per 10 shares) and mid-2024 (1 RMB per 10 shares)[13] - The largest shareholder, Wushanglian, was granted a 5-year extension to its commitment to resolve horizontal competition, aiming to achieve separate operations by continuously reducing the proportion of Wushang Group's supermarket business[14] - Due to work adjustments, Director Ms. Hu Jiana resigned, and Ms. Dong Bingle was appointed as a non-independent director of the company's Tenth Board of Directors[15] Quarterly Financial Statements Consolidated Balance Sheet As of the reporting period end, total assets were 31.06 billion RMB, down 2.37% from year-start; total liabilities were 20.01 billion RMB, down 3.69%; and equity attributable to the parent company was 11.05 billion RMB, largely unchanged Consolidated Balance Sheet | Item | Period-End Balance (RMB) | Period-Start Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 31,056,495,869.92 | 31,811,858,695.14 | | Total Liabilities | 20,008,759,895.41 | 20,774,808,333.61 | | Total Equity Attributable to Parent Company Shareholders | 11,046,853,474.84 | 11,037,050,361.53 | Consolidated Income Statement (Year-to-Date) In Q1-Q3 2024, revenue was 5.12 billion RMB, down 5.86% YoY; operating profit grew 18.86% to 208 million RMB, and net profit attributable to the parent company reached 124 million RMB, up 4.74% Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 5,118,774,044.93 | 5,437,628,616.05 | | Operating Profit | 208,155,249.48 | 175,124,388.23 | | Total Profit | 213,920,170.34 | 181,162,671.97 | | Net Profit Attributable to Parent Company Shareholders | 124,128,734.67 | 118,507,977.13 | | Basic Earnings Per Share | 0.16 | 0.15 | Consolidated Cash Flow Statement (Year-to-Date) In Q1-Q3 2024, net cash flow from operating activities was 948 million RMB, down 44.02% YoY; net cash outflow from investing activities narrowed to 364 million RMB; and net cash flow from financing activities shifted to a 283 million RMB outflow Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 947,678,375.31 | 1,692,925,646.04 | | Net Cash Flow from Investing Activities | -363,523,197.17 | -1,280,354,114.05 | | Net Cash Flow from Financing Activities | -283,096,814.29 | 704,324,737.18 | | Net Increase in Cash and Cash Equivalents | 301,058,363.85 | 1,116,896,269.17 | Audit Status The company's 2024 third-quarter report is unaudited - The company's third-quarter report is unaudited[23]