安正时尚(603839) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥450,763,400.14, representing a year-on-year increase of 4.52%[2] - The net profit attributable to shareholders for Q3 2024 was -¥19,142,225.01, a decrease of 907.50% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2024 was -¥54,659,697.83, reflecting a decline of 187.57% year-on-year[2] - The basic earnings per share for Q3 2024 was -¥0.05, a decrease of 600.00% compared to the same period last year[2] - The net profit attributable to shareholders for the year-to-date period was -¥31,251,833.48, a decrease of 203.10% compared to the same period last year[2] - The company reported a significant decline in net profit excluding non-recurring gains and losses, with a year-to-date decrease of 565.71%[7] - The weighted average return on equity for the year-to-date period decreased by 3.04 percentage points[8] - The company's total comprehensive loss for the first three quarters of 2024 was approximately RMB 35.47 million, compared to a comprehensive income of RMB 28.63 million in the same period of 2023[25] Revenue Breakdown - The total revenue for the first nine months of 2024 was RMB 145,334.23 million, a decrease of 8.96% compared to the previous year[16] - Direct store revenue decreased by 18.81% to RMB 43,691.73 million, with a gross margin of 75.49%[15] - Franchise store revenue dropped by 46.52% to RMB 16,173.45 million, with a gross margin of 62.76%[15] - The brand JUZUI reported a revenue of RMB 37,538.87 million, down 21.41% year-on-year, with a gross margin of 69.08%[14] - The brand ANNAKRO saw a revenue increase of 22.80% to RMB 22,754.92 million, with a gross margin of 55.02%[14] - Online sales reached RMB 85,469.05 million, with a gross margin of 30.20%, reflecting a decrease of 1.6 percentage points[16] - Offline sales generated ¥59,865.18 million, representing 41.19% of total revenue, with a gross margin of 72.06%, down from ¥84,056.38 million and 52.65% year-on-year[17] Asset and Liability Overview - Total assets at the end of the reporting period were ¥2,718,923,957.38, a decrease of 0.34% from the end of the previous year[4] - The equity attributable to shareholders at the end of the reporting period was ¥1,954,546,444.75, down 4.40% from the previous year[4] - The company's cash and cash equivalents decreased to ¥212,301.17 million from ¥382,615.19 million year-on-year[19] - Accounts receivable decreased to ¥169,000.21 million from ¥193,016.79 million year-on-year[19] - Inventory increased to ¥717,620.52 million from ¥619,155.24 million year-on-year[20] - Total liabilities increased to ¥728,488.14 million from ¥665,396.65 million year-on-year[21] Cash Flow Analysis - The net cash flow from operating activities was -105,182,218.56 CNY, compared to 113,711,589.85 CNY in the previous year, indicating a significant decline[27] - The total cash outflow from operating activities amounted to 1,717,166,518.57 CNY, slightly increasing from 1,661,492,581.80 CNY year-over-year[27] - The net cash flow from investing activities was -139,035,357.54 CNY, a decrease from 38,470,178.35 CNY in the same period last year[27] - The net cash flow from financing activities was 37,887,802.85 CNY, recovering from a negative 190,274,280.41 CNY in the previous year[27] - The total cash and cash equivalents at the end of the period were 155,361,848.96 CNY, down from 322,445,941.72 CNY year-over-year[28] Operational Changes - The company opened 30 new stores and closed 192 stores in the first nine months of 2024[13] - Research and development expenses for the first three quarters of 2024 were approximately RMB 34.18 million, down 24.6% from RMB 45.37 million in the same period of 2023[22] - Sales expenses for the first three quarters of 2024 were approximately RMB 481.05 million, a decrease of 11.2% compared to RMB 541.52 million in the same period of 2023[22] - The company experienced a significant increase in credit impairment losses, which rose to approximately RMB 10.67 million in the first three quarters of 2024, compared to RMB 4.12 million in the same period of 2023[24]