来伊份(603777) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders dropped by 86.61% to CNY 13,407,769.41 for the first nine months of the year[5] - Operating revenue increased by 10.77% to CNY 2,846,634,378.70 for the first nine months[5] - Basic earnings per share fell by 90.48% to CNY 0.04[5] - Net profit fell by 86.61% to RMB 13,407,769.41, primarily due to a decline in gross margin and increased sales and management expenses[13] - Total profit decreased by 71.26% to RMB 42,791,407.69, attributed to a decline in gross margin and increased expenses[12] - Net profit for Q3 2018 was a loss of ¥23,605,930.01, compared to a profit of ¥13,553,712.82 in Q3 2017, indicating a significant decline[26] - The total profit for the first nine months of 2018 was a loss of approximately ¥4.94 million, down from a profit of ¥38.03 million in the same period last year[28] Cash Flow - The net cash flow from operating activities decreased by 94.81% to CNY 6,213,400.66[5] - Operating cash flow net amount decreased by 94.81% to RMB 6,213,400.66, mainly due to increased payments to suppliers and related expenses[13] - Cash flow from operating activities for the first nine months of 2018 was approximately ¥6.21 million, a decrease from ¥119.75 million in the same period of 2017[31] - Net cash flow from operating activities was -$335,381,849.60, compared to a positive $177,213,400.33 in the same period last year[36] - Total cash outflow for operating activities was $2,445,573,334.05, compared to $1,916,729,401.65 in the previous year[36] Assets and Liabilities - Total assets decreased by 11.47% to CNY 2,657,168,981.39 compared to the end of the previous year[5] - Total current assets decreased from CNY 2,136,425,633.90 to CNY 1,796,619,092.25, a decline of about 15.9%[19] - Total liabilities decreased from CNY 1,094,813,289.28 to CNY 798,302,757.82, a reduction of approximately 27.1%[20] - The company's total assets decreased from CNY 3,001,430,245.43 to CNY 2,657,168,981.39, reflecting a decline of about 11.4%[21] - The total assets as of the end of Q3 2018 amounted to ¥2,221,592,784.43, a decrease from ¥2,584,940,605.40 at the end of Q3 2017[24] - Total liabilities decreased to ¥738,036,027.59 from ¥1,036,177,596.83 year-over-year, representing a reduction of 28.8%[24] Revenue and Expenses - E-commerce revenue grew by over 24%, while franchise income increased by 35%[6] - Total operating revenue for Q3 2018 reached ¥853,876,281.24, an increase of 9.8% compared to ¥777,434,583.04 in Q3 2017[25] - Total operating costs for Q3 2018 were ¥884,393,109.03, up from ¥750,562,462.31 in the same period last year, reflecting a year-over-year increase of 17.8%[25] - The company reported a significant increase in sales expenses, which rose to ¥302,363,025.70 from ¥238,533,682.81, marking a 26.7% increase[25] - Sales expenses increased to approximately ¥6.01 million in Q3 2018, compared to ¥3.42 million in Q3 2017, reflecting a rise of 75.5%[28] - Management expenses rose significantly to approximately ¥74.87 million in Q3 2018, compared to ¥55.31 million in Q3 2017, marking an increase of 35.5%[28] Investments and Shareholder Actions - Investment income increased by 56.72% to RMB 21,285,252.60, mainly due to higher financial investment returns[12] - The company approved the use of surplus funds from fundraising projects, totaling RMB 41,380,200, to permanently supplement working capital[13] - The controlling shareholder plans to increase its stake in the company by purchasing up to 3.4 million shares or investing between CNY 10 million and CNY 50 million over the next six months[16] - The company repurchased and canceled 450,660 shares of unvested restricted stock from 28 departing incentive participants[14] - The company is in the process of repurchasing and canceling 39,900 restricted shares related to three incentive targets[15] Inventory and Accounts - Inventory decreased by 37.77% to RMB 259,789,718.08 due to a decline in stock after the peak season following the Spring Festival[12] - Accounts payable decreased by 33.94% to RMB 448,381,461.07, mainly due to reduced purchases during the off-peak sales season[12] - Accounts receivable increased from CNY 25,646,428.89 to CNY 28,766,742.50, reflecting a growth of about 8.3%[19]