Marubi(SH:603983)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥263,914,694.28, representing a decrease of 23.19% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was a loss of ¥47,145,694.92, a decline of 167.51% year-over-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was a loss of ¥47,688,014.74, down 187.46% from the previous year[7]. - Basic and diluted earnings per share for Q3 2021 were both -¥0.12, a decrease of 167.37% year-over-year[9]. - The weighted average return on equity for Q3 2021 was -1.44%, a decrease of 3.99 percentage points compared to the same period last year[9]. - Total revenue for the first three quarters of 2021 reached ¥1,137,711,067.65, slightly up from ¥1,137,293,242.65 in the same period of 2020[38]. - Operating profit for the third quarter was ¥158,932,744.78, down from ¥413,853,672.13 in the previous year[38]. - Net profit for the third quarter was ¥136,742,804.44, compared to ¥337,924,454.56 in the same quarter of 2020[38]. - The net profit attributable to the parent company's shareholders for the current period is ¥142,002,927.13, compared to ¥337,964,425.04 in the previous period, representing a decrease of approximately 58.0%[40]. - The basic and diluted earnings per share for the current period are both ¥0.35, down from ¥0.84 in the previous period, indicating a decline of approximately 58.3%[43]. - Total comprehensive income attributable to the parent company's owners is ¥142,034,050.62, down from ¥337,975,789.46 in the previous period, reflecting a decrease of approximately 58.0%[40]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥191,473,694.26, a decrease of 231.39% compared to the same period last year[9]. - Cash inflow from operating activities totaled ¥1,244,256,776.29, compared to ¥1,284,879,863.19 in the previous period, showing a decrease of about 3.2%[43]. - Cash outflow from operating activities increased to ¥1,435,730,470.55 from ¥1,139,147,619.58, representing an increase of approximately 26.0%[46]. - The net cash flow from investing activities is ¥77,930,541.66, a recovery from a negative cash flow of -¥87,568,409.57 in the previous period[46]. - The total cash and cash equivalents at the end of the period is ¥1,397,508,657.37, down from ¥2,106,996,062.29 at the end of the previous period, indicating a decrease of approximately 33.6%[46]. - The company received cash from investment activities totaling ¥1,680,719,312.51, compared to ¥2,869,704,321.01 in the previous period, reflecting a decrease of about 41.6%[46]. - The cash inflow from financing activities was ¥84,118,030.00, compared to ¥103,677,924.00 in the previous period, indicating a decrease of approximately 18.9%[46]. - Total assets at the end of Q3 2021 were ¥3,608,420,604.01, a decrease of 4.92% from the end of the previous year[9]. - As of September 30, 2021, the company's total current assets amounted to ¥2,436,542,597.44, a decrease from ¥2,681,701,114.62 at the end of 2020, representing a decline of approximately 9.1%[29]. - The company's cash and cash equivalents decreased to ¥1,425,982,684.77 from ¥1,669,889,220.29, reflecting a decline of about 14.6% year-over-year[29]. - Total assets decreased to ¥3,608,420,604.01 from ¥3,795,081,810.34[34]. - Total liabilities decreased to ¥553,899,851.58 from ¥794,439,070.25[34]. - Shareholders' equity increased to ¥3,054,520,752.43 from ¥3,000,642,740.09[34]. Operational Challenges and Strategic Focus - The company reported a significant increase in sales expenses compared to the previous year, contributing to the decline in net profit[15]. - The company experienced a reduction in financial income and government subsidies compared to the previous year, impacting overall profitability[15]. - The company reported a decline in profits due to the impact of the COVID-19 pandemic on offline business and the challenges faced during the online transition[23]. - The company has shifted its focus from offline to online operations, establishing its own team for the "Marubi Tmall flagship store" and expanding into new live-streaming channels such as Douyin and Kuaishou[23]. - The company is investing heavily in online operations, leading to increased sales expenses and management costs due to team expansion and rising personnel costs[23]. - The company aims to control expenses within a reasonable range while maintaining a good level of profitability despite the challenges faced[24]. - The company is committed to long-term development and continues to invest in brand operation and product quality, emphasizing the importance of research and development[24]. - The company has faced intensified competition in the online market, leading to increased costs associated with traffic and influencer marketing[23]. - The company is confident in its ability to effectively coordinate its various business channels as it becomes more familiar with new business models and methodologies[23]. Inventory and Expenses - The company reported an increase in inventory to ¥154,766,347.36 from ¥138,297,985.08, indicating a rise of approximately 11.9%[29]. - Total operating costs increased to ¥997,555,369.96 from ¥802,466,189.28 year-on-year[38]. - Research and development expenses amounted to ¥38,347,243.39, up from ¥35,227,046.49 year-on-year[38].