Better Life(002251)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was ¥3,069,070.81, a significant increase of 127.33% year-on-year[7]. - Operating revenue for the reporting period was ¥4,727,494,942.19, reflecting a decrease of 1.23% compared to the same period last year[7]. - Basic earnings per share improved to ¥0.0036, up 127.33% from the previous year[7]. - The company reported a decrease in net assets attributable to shareholders by 2.06% compared to the previous year[7]. - The net profit attributable to shareholders for the same period was CNY 169.37 million, a year-on-year decrease of 27.18%[16]. - The net profit for Q3 2020 was CNY 4,213,422.23, recovering from a net loss of CNY 11,792,993.72 in the same period last year[49]. - The net profit for the current period is approximately 1.34 million in the previous period, indicating a significant turnaround[53]. - The net profit attributable to shareholders is approximately 232.59 million in the previous period[58]. - The net profit for the third quarter was CNY 137,856,837.87, a decrease of 43.6% from CNY 244,958,398.41 in the same period last year[62]. Cash Flow - The net cash flow from operating activities was ¥336,888,060.10, representing a substantial increase of 237.12% year-on-year[7]. - The company's cash flow from operating activities showed improvement, contributing positively to the net profit recovery[49]. - The cash flow from operating activities generated a net amount of CNY 1,084,643,466.11, an increase of 12.9% compared to CNY 960,070,971.78 in the previous period[66]. - The net cash flow from operating activities for the third quarter was CNY 1,532,847,219.58, an increase of 156.5% compared to CNY 598,165,466.70 in the same period last year[69]. - The net cash flow from investing activities improved by 55.59%, amounting to CNY -1,120.45 million, compared to CNY -2,523.16 million in the previous year[21]. - The cash outflow from investment activities was CNY 1,458,641,869.05, a decrease from CNY 3,002,824,374.86 in the previous period[66]. - The net cash flow from financing activities was CNY -469,256,938.67, compared to CNY 1,796,357,828.44 in the previous year[70]. - The ending balance of cash and cash equivalents was CNY 824,276,509.22, down from CNY 1,216,532,140.30, a decrease of 32.3%[70]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,853,520,842.95, an increase of 1.95% compared to the previous year[7]. - Total liabilities reached CNY 17.17 billion, up from CNY 16.54 billion, which is an increase of about 3.8%[41]. - The company's equity attributable to shareholders decreased to CNY 7.40 billion from CNY 7.56 billion, a decline of approximately 2.1%[42]. - Total assets increased to CNY 29,487,367,430.02 as of September 30, 2020, up from CNY 28,568,839,109.66 at the end of 2019[46]. - Total liabilities rose to CNY 22,234,470,612.14, compared to CNY 21,103,391,227.96 at the end of 2019, reflecting an increase of 5.34%[46]. - The total current liability of CNY 18,109,792,664.86 as of January 1, 2020[80]. - Long-term borrowings stood at CNY 2,078,400,000.00 as of January 1, 2020[80]. Shareholder Information - The total number of shareholders at the end of the reporting period was 22,917[10]. - The largest shareholder, Bubu Gao Investment Group Co., Ltd., holds a 34.99% stake in the company[11]. - The company has not conducted any agreed repurchase transactions among its top shareholders during the reporting period[13]. - The company plans to repurchase shares using 150 million to 300 million RMB, with 20,415,598 shares repurchased by September 30, 2020, at a total cost of 266,023,237 RMB[24]. Operational Metrics - Online sales accounted for 17.04% of total sales in Q3 2020, compared to 12.68% for the first three quarters of 2020[23]. - Comparable sales growth in pilot areas was 10.4%, while expense ratio decreased by 0.9%[23]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[49]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥32,747,621.53 for the year-to-date[9]. - The company reported a decrease in employee compensation payable to CNY 126.22 million from CNY 161.73 million, a reduction of about 22%[41]. - The company’s long-term borrowings decreased to CNY 1.94 billion from CNY 2.49 billion, a decline of approximately 22%[41]. - The company incurred financial expenses of CNY 219,772,081.57, up from CNY 202,418,909.93 in the previous period[61]. - Research and development expenses for the current period are approximately 18.82 million in the previous period[57].