YONGHUI SUPERSTORES(SH:601933)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 was ¥22,175,304,597.31, representing a decrease of 3.62% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was -¥774,787,481.70, with a year-to-date net profit of -¥886,561,096.47[4]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.09, showing an improvement from -¥0.24 in the same period last year[5][8]. - The company faced a net loss of ¥8.87 billion for the first three quarters, which was a reduction in loss of ¥12.91 billion compared to the previous year[8]. - The company reported a net loss of RMB 4.87 billion for the first three quarters of 2022, compared to a loss of RMB 3.80 billion in the same period of 2021[20]. - The net profit for the third quarter was a loss of ¥1.03 billion, an improvement from a loss of ¥2.52 billion in the same quarter of the previous year, indicating a reduction in losses by approximately 59%[22]. - The operating profit for the quarter was a loss of ¥1.14 billion, compared to a loss of ¥2.90 billion in the same quarter of 2021, reflecting a year-over-year improvement of about 60%[22]. - The company reported a total comprehensive loss of approximately ¥1.02 billion for the quarter, compared to a loss of ¥2.53 billion in the same quarter of 2021, showing a year-over-year improvement of about 60%[23]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥62,218,083,020.41, a decrease of 12.75% compared to the end of the previous year[5]. - Total assets as of September 30, 2022, were RMB 62.22 billion, down from RMB 71.31 billion at the end of 2021[19]. - Total liabilities decreased to RMB 52.40 billion as of September 30, 2022, from RMB 60.23 billion at the end of 2021[20]. - Cash and cash equivalents were RMB 8.10 billion as of September 30, 2022, down from RMB 9.16 billion at the end of 2021[18]. - Inventory decreased to RMB 8.10 billion as of September 30, 2022, from RMB 10.79 billion at the end of 2021[18]. Revenue and Sales - Total revenue for the first three quarters of 2022 reached RMB 66.08 billion, with a year-on-year growth of 1.44%[12]. - Total revenue for the first three quarters of 2022 was RMB 70.91 billion, compared to RMB 69.84 billion in the same period of 2021, reflecting a growth of 1.53%[21]. - The total revenue for the third quarter of 2022 was approximately ¥80.1 billion, a slight decrease from ¥80.5 billion in the same period of 2021, representing a year-over-year decline of about 0.5%[24]. - Online sales reached RMB 11.6 billion in the first three quarters of 2022, a year-on-year increase of 16.35%, accounting for 16.4% of total sales[16]. - The company reported a total of ¥77.77 billion in cash received from sales of goods and services, slightly down from ¥78.45 billion in the same period last year, representing a decrease of about 0.9%[24]. Operational Metrics - The company reported a cash flow from operating activities of ¥5,382,955,121.70 year-to-date, down 28.47% compared to the same period last year[4]. - The cash flow from operating activities generated a net inflow of approximately ¥5.38 billion, down from ¥7.53 billion in the same period last year, marking a decline of about 28.5%[24]. - The cash flow from investing activities resulted in a net outflow of approximately ¥419.95 million, an improvement from a net outflow of ¥900.77 million in the same quarter of 2021[25]. Market Expansion and Strategy - The company opened 12 new stores in the third quarter of 2022, with a total leasing area of 61,000 square meters[14]. - The new store in Zhengzhou, Henan, covers an area of 7,936.95 square meters and opened on July 19, 2022[14]. - The company plans to expand its market presence in Guangdong and Jiangxi with new store openings in the third quarter[14]. - The company’s strategic focus includes enhancing operational efficiency and expanding its footprint in key regions[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 239,477[9]. - The company’s total shares held by major shareholders, including Zhang Xuansong and his associates, accounted for 15.55% of total shares[11]. Profitability Metrics - The weighted average return on equity for Q3 2022 was -7.76%, a decrease of 0.40 percentage points year-on-year[5]. - The gross profit margin for the first three quarters of 2022 was 19.94%, an increase of 1.19% year-on-year[7]. - Gross profit margin improved to 14.55%, an increase of 1.19 percentage points compared to the previous year[13]. - The gross profit margin in the North China region increased by 2.08 percentage points to 15.44%[13]. - Research and development expenses increased to RMB 367 million in the first three quarters of 2022, up from RMB 193 million in the same period of 2021[21]. Fair Value Loss - The company confirmed a fair value loss of ¥521 million due to the decline in the stock price of KT during the reporting period[8].