同庆楼(605108) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for the first three quarters of 2024 reached RMB 1.865 billion, an increase of 10.81% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was RMB 83.40 million, a decrease of 58.92% year-on-year[2] - The net profit after deducting non-recurring gains and losses for the current period was RMB 147,044.68, reflecting a decrease of 99.73% compared to the same period last year[2] - The company reported a basic earnings per share of RMB 0.01, down 95.45% from the previous year[4] - Net profit attributable to shareholders decreased by 58.92% year-to-date, primarily due to significant startup costs and increased bank loans[10] - Basic earnings per share decreased by 58.97% year-to-date[10] - The net profit for Q3 2024 is CNY 83,396,171.69, a decrease from CNY 203,031,508.07 in Q3 2023, representing a decline of approximately 58.9%[19] - Basic earnings per share for Q3 2024 is CNY 0.32, down from CNY 0.78 in Q3 2023, representing a decline of about 59.0%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 4.964 billion, representing a year-on-year increase of 24.61%[4] - Total assets increased to ¥4,964,145,917.13 in Q3 2024, compared to ¥3,983,661,127.63 in Q3 2023, representing a growth of 24.7%[16] - Total liabilities rose to ¥2,746,132,132.08 in Q3 2024, up from ¥1,742,853,508.94 in Q3 2023, indicating a significant increase in financial obligations[16] - Non-current liabilities totaled ¥1,534,972,176.49 in Q3 2024, compared to ¥856,302,116.41 in Q3 2023, reflecting a growth of 79%[16] - Current liabilities amounted to ¥1,211,159,955.59 in Q3 2024, an increase from ¥886,551,392.53 in Q3 2023, marking a rise of 36.6%[16] - The company reported a significant increase in short-term borrowings, which reached ¥322,696,559.48 in Q3 2024, compared to ¥110,815,955.16 in Q3 2023, indicating a rise of 191.5%[16] Cash Flow - The company experienced a decrease in cash generated from operating activities by 26.36% year-on-year, totaling RMB 368.07 million[2] - Net cash flow from operating activities decreased by 26.36% year-to-date, driven by rising financial expenses[10] - The net cash flow from operating activities for the first three quarters of 2024 is CNY 368,066,288.54, down from CNY 499,803,563.37 in 2023, reflecting a decrease of approximately 26.4%[20] - Cash flow from investing activities shows a net outflow of CNY -896,196,361.93 for the first three quarters of 2024, compared to CNY -798,327,317.22 in the same period of 2023[21] - Cash flow from financing activities for the first three quarters of 2024 is CNY 472,709,299.43, significantly higher than CNY 81,302,861.70 in 2023, indicating an increase of approximately 481.5%[21] Business Expansion - The company opened 7 new large-scale stores with a total area of 223,200 square meters, leading to an estimated loss of approximately RMB 30 million due to initial operating costs[5] - The company plans to open 10 new "Fumao" hotels by the end of 2024, aiming to enhance market share and brand influence[6] - The company’s new business model "Fumao" focuses on dining, with over 80% of revenue coming from food services, which has garnered significant market attention[5] - Revenue increased by 10.81% year-to-date, attributed to the opening of 7 new large-scale stores[9] Shareholder Information - The top shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 37.55% of shares[11] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12] Current Assets - Total current assets as of September 30, 2024, amounted to RMB 623.60 million, up from RMB 501.67 million at the end of 2023[14] - Accounts receivable increased to RMB 73.41 million from RMB 33.86 million year-over-year[14] - Inventory increased to RMB 125.49 million from RMB 114.74 million year-over-year[14] - Other receivables rose to RMB 78.78 million from RMB 65.39 million year-over-year[14] Financial Reporting - The company has not adopted new accounting standards for the current reporting period, maintaining consistency in financial reporting[22] - The company has not reported any net profit from the merged entity prior to the merger, indicating no contribution to earnings from that segment[20]