ST奥康(603001) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter was RMB 513.11 million, a decrease of 24.58% year-over-year[2] - Net loss attributable to shareholders for the third quarter was RMB 116.13 million[2] - The company's total revenue for Q3 2024 was RMB 1,851,911,989.96, a decrease of 19.44% year-over-year, with a gross margin of 40.16%, down by 4.00 percentage points[10][11][12][13] - Revenue for the quarter was RMB 1,887,806,909.70, a decrease from RMB 2,324,751,024.03 in the same period last year[19] - Net profit for the quarter was a loss of RMB 137,017,781.96, compared to a loss of RMB 90,885,385.54 in the same period last year[20] - Basic earnings per share (EPS) for the quarter were RMB -0.3391, compared to RMB -0.2309 in the previous year[20] - Sales revenue from goods and services for the first nine months was RMB 2,015,744,227.21, a decrease from RMB 2,276,198,353.91 in the previous year[21] - Operating revenue for the first three quarters of 2024 was 1,887,806,909.70 yuan, down 18.8% compared to 2,324,751,024.03 yuan in the same period of 2023[18] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 3.71 billion, a decrease of 8.29% compared to the end of the previous year[3] - Equity attributable to shareholders was RMB 2.73 billion, a decrease of 6.36% compared to the end of the previous year[3] - Total assets decreased from 4,041,718,979.26 yuan to 3,706,658,799.91 yuan, a decline of 8.3%[15][16][17] - Monetary funds decreased from 564,594,079.21 yuan to 356,520,517.68 yuan, a drop of 36.9%[15] - Accounts receivable decreased from 933,143,366.04 yuan to 899,525,631.90 yuan, a decline of 3.6%[15] - Inventory remained relatively stable, decreasing slightly from 735,126,520.10 yuan to 733,324,049.72 yuan[15] - Total current liabilities decreased from 1,023,889,165.34 yuan to 884,476,150.81 yuan, a reduction of 13.6%[16] - Total equity attributable to owners of the parent company decreased from 2,911,043,715.97 yuan to 2,725,830,116.98 yuan, a decline of 6.4%[17] - Undistributed profits decreased from 414,841,813.77 yuan to 230,765,816.42 yuan, a significant drop of 44.4%[17] Cash Flow - Operating cash flow for the first nine months of the year was RMB 56.69 million, an increase of 19.14% year-over-year[2] - Cash flow from operating activities for the first nine months was RMB 56,687,804.49, an increase from RMB 47,580,885.60 in the same period last year[21] - Total cash inflows from operating activities for the first nine months were RMB 2,240,318,500.03, compared to RMB 2,344,109,096.09 in the same period last year[21] - Total cash outflows from operating activities for the first nine months were RMB 2,183,630,695.54, compared to RMB 2,296,528,210.49 in the previous year[21] - Investment activities generated a net cash outflow of -77.29 million yuan, compared to a net inflow of 21.51 million yuan in the previous period[22] - Cash received from other investment-related activities increased to 270.80 million yuan from 111.03 million yuan[22] - Cash paid for other investment-related activities rose significantly to 326.05 million yuan from 95.00 million yuan[22] - Financing activities resulted in a net cash outflow of -230.58 million yuan, slightly higher than the previous period's -215.00 million yuan[22] - Cash received from borrowings decreased to 0.67 million yuan from 3.67 million yuan[22] - Cash paid for dividends, profits, or interest payments increased to 48.16 million yuan from 0.04 million yuan[22] - The net increase in cash and cash equivalents was -250.90 million yuan, compared to -145.49 million yuan in the previous period[22] - The ending balance of cash and cash equivalents decreased to 132.38 million yuan from 216.66 million yuan[22] Brand Performance - The "Aokang" brand generated revenue of RMB 1,234,048,495.46, a decrease of 18.73% year-over-year, with a gross margin of 41.36%, down by 4.46 percentage points[10] - The "Kanglong" brand's revenue was RMB 159,593,322.49, a decrease of 33.06% year-over-year, with a gross margin of 47.17%, down by 3.60 percentage points[10] - The "Skechers" brand reported revenue of RMB 197,345,420.35, a decrease of 18.23% year-over-year, with a gross margin of 30.67%, down by 3.24 percentage points[10] Sales Channels - Online sales revenue was RMB 408,159,749.21, a decrease of 5.16% year-over-year, with a gross margin of 35.33%, up by 0.32 percentage points[13] - Offline sales revenue was RMB 1,443,752,240.75, a decrease of 22.73% year-over-year, with a gross margin of 41.52%, down by 4.75 percentage points[13] - The company's export revenue was RMB 6,739,880.80, a decrease of 46.45% year-over-year, with a gross margin of 29.29%, up by 1.10 percentage points[11][12] Store Operations - The company had a total of 2,321 domestic physical stores as of September 30, 2024, with 126 new stores opened and 151 stores closed during Q3 2024[14] Shareholder Information - The company's largest shareholder, Aokang Investment Holding Co., Ltd., holds 27.73% of the shares, with 13.5 million shares frozen and 53.11 million shares pledged[7] - The top 10 shareholders collectively hold 66.96% of the company's shares, with significant portions of shares pledged or frozen[7] Investments and Returns - The company invested RMB 1,000,000 in a bank wealth management product with an annualized return rate of 2.70%, generating an actual return of RMB 13,360[9] Operating Costs and Expenses - The company's total operating costs for Q3 2024 were RMB 1,108,271,444.57, a decrease of 13.66% year-over-year[11][12][13] - Total operating costs for the quarter were RMB 2,059,262,479.22, compared to RMB 2,382,339,706.56 in the previous year[19] - The company's R&D expenses for the quarter were RMB 33,333,493.65, slightly higher than RMB 31,367,981.90 in the same period last year[19] - The company's sales expenses for the quarter were RMB 720,370,701.50, a decrease from RMB 843,643,664.15 in the previous year[19] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to RMB 9.05 million, primarily due to government subsidies and fair value changes in financial assets[4] Profitability Metrics - Basic and diluted earnings per share for the third quarter were both RMB -0.2896[2] - Weighted average return on equity (ROE) for the third quarter was -4.12%, a decrease of 0.76 percentage points year-over-year[2]