LYFEN(SH:603777)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -37,587,018.04, a decline of 349.46% year-on-year[8] - Operating revenue increased by 2.90% to CNY 2,999,106,132.21 for the period[8] - The company reported a net profit excluding non-recurring gains and losses of CNY -72,403,626.37[8] - Basic and diluted earnings per share were both CNY -0.11, a decrease of 375.00% compared to the previous year[8] - Total operating revenue for Q3 2020 was ¥862,744,702.85, a decrease of 1.5% compared to ¥877,067,808.09 in Q3 2019[30] - The net profit for Q3 2020 was a loss of ¥49.93 million, compared to a loss of ¥29.41 million in Q3 2019, reflecting a significant increase in losses[33] - The company's total profit for Q3 2020 was a loss of ¥53.91 million, compared to a loss of ¥30.12 million in the same period last year[33] - The basic and diluted earnings per share for Q3 2020 were both -¥0.11, compared to ¥0.04 in Q3 2019[32] Assets and Liabilities - Total assets decreased by 10.20% to CNY 2,574,012,043.05 compared to the end of the previous year[8] - Total net assets attributable to shareholders decreased by 3.96% to CNY 1,693,575,090.82 compared to the end of the previous year[8] - Total liabilities decreased from 1,102,836,809.47 RMB at the end of 2019 to 880,436,952.23 RMB[24] - The company's equity attributable to shareholders decreased from 1,763,459,465.64 RMB to 1,693,575,090.82 RMB[24] - Total liabilities decreased to ¥811,738,570.77 in Q3 2020 from ¥961,068,760.92 in Q3 2019, a reduction of 15.6%[27] - The total equity attributable to shareholders was ¥1,471,193,092.49, down from ¥1,529,299,474.21 in the previous year, indicating a decrease of 3.8%[27] Cash Flow - Net cash flow from operating activities rose by 10.65% to CNY 74,067,174.25 year-to-date[8] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 74,067,174.25, compared to CNY 66,935,889.14 in 2019, indicating an increase of about 10.5%[38] - The total cash outflow from operating activities was CNY 3,355,525,476.30 in 2020, compared to CNY 3,300,167,561.46 in 2019, which shows an increase of about 1.7%[38] - The company reported a cash outflow from financing activities of CNY 57,640,984.83 in 2020, which is an improvement compared to CNY 105,054,336.39 in 2019, indicating a reduction of about 45.5%[39] - The net cash flow from investing activities was 378,809,443.61 RMB, compared to 209,462,888.73 RMB in the same period last year, representing an increase of 80.9%[42] Inventory and Expenses - Inventory decreased by 46.35% from the beginning of the year, primarily due to a decline in stock after the Spring Festival peak season[14] - Research and development expenses rose by 52.49% to 9,109,024.36, driven by increased investment in platform projects and new product development[15] - Research and development expenses for Q3 2020 were ¥7,382,625.89, significantly higher than ¥1,968,342.57 in Q3 2019, marking a 274.5% increase[30] - Operating costs for Q3 2020 were ¥925,675,885.31, an increase of 1.0% from ¥916,800,035.46 in Q3 2019[30] Shareholder Information - Total number of shareholders reached 34,849[12] - The top shareholder, Shanghai Aiwu Enterprise Management Co., Ltd., holds 197,065,542 shares, accounting for 58.45% of total shares[12] Government Support - Government subsidies recognized in the current period amounted to CNY 3,946,326.25[10] - Other income surged by 143.69% to 22,313,772.43, mainly due to increased government subsidies received this year[15] Capital Management - The company has a share repurchase account holding 2,135,742 shares, indicating ongoing efforts to manage share capital[13] - The company completed the cancellation of 2,935,400 restricted stocks and 342,640 stock options, reducing registered capital from 339,067,764 RMB to 337,132,088 RMB[16] - The company plans to raise up to 500 million RMB through a non-public stock issuance to enhance its omni-channel marketing network and upgrade its R&D center[18]