HEILAN HOME(SH:600398)2024-10-30 08:19Financial Performance - The company's revenue for Q3 2024 was approximately ¥3.89 billion, representing a decrease of 11.01% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2024 was approximately ¥271.29 million, down 64.88% year-over-year[4]. - The basic earnings per share for Q3 2024 was ¥0.06, a decline of 66.67% compared to the previous year[4]. - The net profit excluding non-recurring gains and losses for Q3 2024 was approximately ¥240.23 million, a decrease of 57.15% compared to the same period last year[4]. - Net profit for Q3 2024 was approximately ¥1.96 billion, a decrease of 18.9% compared to ¥2.42 billion in Q3 2023[21]. - Total comprehensive income for Q3 2024 was approximately ¥1.98 billion, down from ¥2.55 billion in Q3 2023[21]. - Basic earnings per share for Q3 2024 was ¥0.41, compared to ¥0.57 in Q3 2023, reflecting a decrease of 28.1%[21]. - Net profit for the first three quarters of 2024 was CNY 1,964,014,369.52, down from CNY 2,421,156,003.24 in 2023, indicating a decline of approximately 18.93%[20]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥32.45 billion, a decrease of 3.73% from the end of the previous year[5]. - The company's total assets decreased to CNY 32,454,582,702.27 from CNY 33,712,841,762.60, a reduction of about 3.72%[19]. - Total liabilities decreased to CNY 15,403,227,911.24 from CNY 17,675,167,545.25, a decline of approximately 12.86%[19]. - The total equity attributable to shareholders increased by 4.38% year-over-year, reaching approximately ¥16.75 billion[5]. - The total equity attributable to shareholders increased to CNY 16,753,251,180.85 from CNY 16,049,615,953.58, reflecting a growth of approximately 4.37%[19]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was approximately ¥26.89 million, down 98.90% year-over-year[9]. - Operating cash flow for the first nine months of 2024 was approximately ¥26.89 million, a significant decline from ¥2.44 billion in the previous year[22]. - The company reported a net cash outflow from investing activities of approximately ¥1.59 billion for the first nine months of 2024, compared to ¥826.97 million in the same period of 2023[23]. - Cash outflow from financing activities for the first nine months of 2024 was approximately ¥4.47 billion, compared to ¥2.44 billion in the previous year[23]. - Cash and cash equivalents at the end of Q3 2024 were approximately ¥5.70 billion, down from ¥9.64 billion at the end of Q3 2023[23]. - The company's cash and cash equivalents decreased to RMB 5.99 billion from RMB 11.90 billion at the end of 2023[17]. - The company's cash and cash equivalents increased to CNY 3,000,000,000.00, reflecting a strong liquidity position[20]. Sales and Revenue Breakdown - The total revenue for the third quarter of 2024 reached RMB 14.52 billion, a decrease of 3.52% compared to the same period last year[14]. - Revenue from sales of goods and services for the first nine months of 2024 was approximately ¥16.35 billion, slightly down from ¥16.41 billion in the same period of 2023[22]. - The revenue from franchise stores and others was RMB 9.73 billion, with a gross margin of 41.08%[15]. - Online sales accounted for 22.03% of total revenue, with a gross margin of 48.37%, while offline sales made up 77.97% with a gross margin of 45.95%[16]. Operational Metrics - The weighted average return on equity decreased to 1.75%, down 3.50 percentage points from the previous year[5]. - The company experienced a significant decline in sales gross profit, contributing to the drop in net profit[7]. - The gross profit margin for the main business was 46.48%, reflecting a slight increase of 0.64% year-on-year[14]. - Total operating revenue for the first three quarters of 2024 was CNY 15,258,841,551.72, a decrease of 1.99% compared to CNY 15,569,111,943.91 in the same period of 2023[20]. - Total operating costs increased to CNY 12,666,496,589.76, up from CNY 12,571,036,606.11, reflecting a rise in operational expenses[20]. Store Network and Expansion - The number of direct stores increased from 1,252 to 1,379, with a net increase of 127 stores during the reporting period[13]. - The total number of stores at the end of the reporting period was 7,129, reflecting a net increase of 252 stores[13]. - The company reported a decrease in the number of franchise stores, with a net loss of 231 stores during the period[13]. - The company plans to continue expanding its direct store network and enhancing its online sales capabilities[14]. Research and Development - Research and development expenses rose to CNY 184,381,815.17, up from CNY 143,830,044.08, indicating a focus on innovation[20]. Tax and Accounting - The company experienced a decrease in tax refunds received, totaling approximately ¥11.32 million in 2024 compared to ¥136.49 million in 2023[22]. - The company has not applied new accounting standards for the year 2024[24].