ZYSC(600280)2024-10-30 10:07Financial Performance - The company's operating revenue for Q3 2024 was ¥476,592,977.36, a decrease of 15.68% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥35,152,464.93, representing a significant decline of 466.21% year-on-year[2]. - Basic earnings per share were -¥0.031, a decrease of 483.33% compared to -¥0.023 in the same period last year[3]. - For the period from January to September 2024, the company's operating profit decreased by 59.57 million, primarily due to increased taxes and reduced asset disposal income compared to the same period last year[7]. - The total profit for the same period decreased by 70.70 million, attributed to higher taxes, increased operating expenses, and lower asset disposal income[7]. - The net profit attributable to shareholders for the first nine months of 2024 was -466.21 million, reflecting a significant decline due to increased taxes and operating expenses[7]. - Net profit for the first three quarters of 2024 was a loss of CNY 28,538,811.76, compared to a profit of CNY 5,973,764.12 in the same period of 2023[20]. - The company's operating profit decreased to CNY 31,981,031.15, down 59.5% from CNY 79,105,833.60 year-over-year[20]. Cash Flow - The cash flow from operating activities decreased by 44.95% to ¥29,892,725.80 in Q3 2024[2]. - The net cash flow from operating activities for the first nine months of 2024 was -65.84 million, primarily due to reduced sales collections and increased tax payments compared to the previous year[9]. - The net cash flow from investing activities for the third quarter of 2024 was -1,168.06 million, mainly due to increased renovation expenses in the department store segment compared to the same period last year[11]. - In the first three quarters of 2024, the net cash flow from operating activities was ¥117,348,993.90, a decrease of 65.9% compared to ¥343,514,115.63 in the same period of 2023[22]. - The cash flow from investing activities showed a net outflow of ¥9,067,226.82, improving from a net outflow of ¥39,230,537.33 in the same period last year[22]. - The net cash flow from financing activities was -¥186,755,723.72, an improvement from -¥360,471,810.40 in the previous year[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,318,531,435.80, down 1.86% from the end of the previous year[3]. - The equity attributable to shareholders decreased by 3.04% to ¥813,448,711.22 compared to the previous year-end[3]. - Total liabilities amounted to CNY 10,484,361,159.79, a decrease from CNY 10,670,430,217.68 in the previous year[18]. - The total assets and equity combined were CNY 11,318,531,435.80, a decrease from CNY 11,533,178,576.52 in the previous year[18]. - As of September 30, 2024, total assets amounted to ¥10,160,613,495.87, a decrease from ¥10,482,345,383.05 at the end of 2023[26]. - Total liabilities decreased to ¥7,777,972,953.17 from ¥8,136,424,752.80 at the end of 2023[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 67,354[12]. - The largest shareholder, Zhu Yicai, holds 476,687,416 shares, representing 42.25% of total shares[12]. - Jiangsu Dihua Industrial Group Co., Ltd. is the second-largest shareholder with 166,500,000 shares, accounting for 14.76%[12]. Expenses - Research and development expenses were reduced by 100% as there were no related expenditures during the reporting period[6]. - The company experienced an 88.48% decrease in asset disposal income compared to the previous year due to reduced asset sales[6]. - The financial expenses for the first three quarters were CNY 209,591,360.85, a decrease of 3.0% from CNY 217,918,007.49 in the previous year[20]. - The company's tax expenses decreased to ¥12,025,244.07 from ¥26,282,673.59, a reduction of approximately 54.25%[29]. - The company reported a decrease in investment income to ¥644,367.58 from ¥1,551,636.19, a decline of about 58.55%[29]. Other Financial Metrics - The company reported an increase in non-operating income of 31.54 million for the first nine months of 2024, mainly from penalties received from merchants[7]. - The company experienced a significant increase in non-operating expenses, totaling 68.22 million for the same period, primarily due to increased provisions for penalties[7]. - The company's cash and cash equivalents as of September 30, 2024, amount to ¥387,774,162.25, an increase from ¥214,083,420.45 at the end of 2023[16]. - Accounts receivable increased to ¥58,586,253.00 from ¥50,635,430.85 year-over-year[16]. - Inventory decreased to ¥5,405,852,109.38 from ¥5,586,938,501.04[16].