Beijing Cuiwei Tower (SH:603123)2024-10-30 08:17Financial Performance - The company's operating revenue for Q3 2024 was ¥527,763,214.23, a decrease of 42.48% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥141,136,255.79, with a year-to-date net profit of -¥379,377,314.91[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥143,391,175.02, with a year-to-date figure of -¥382,231,735.52[2]. - The basic and diluted earnings per share for Q3 2024 were both -0.177 yuan[2]. - Total operating revenue for the first three quarters of 2024 was CNY 1,695,417,662.54, a decrease of 39.7% compared to CNY 2,809,439,984.58 in the same period of 2023[16]. - Net loss for the third quarter of 2024 was CNY 385,761,686.22, compared to a net loss of CNY 346,460,239.79 in the same quarter of 2023, indicating a worsening of 11.4%[17]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥6,559,502,413.33, a decrease of 4.70% from the end of the previous year[3]. - The equity attributable to shareholders at the end of Q3 2024 was ¥2,449,558,988.48, down 13.41% from the previous year[3]. - The company's total liabilities as of the third quarter of 2024 amounted to CNY 4,098,049,747.30, slightly up from CNY 4,036,116,882.71 in the previous year[15]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,449,558,988.48 from CNY 2,828,908,616.58, a decline of 13.4%[15]. - The company reported a significant increase in accounts payable, rising to CNY 213,961,313.17 from CNY 192,849,072.45, an increase of 10.4%[14]. Cash Flow - The company's operating cash flow for the year-to-date period was -¥255,278,672.68, reflecting a decrease in sales and store renovations[5]. - In the first three quarters of 2024, the company reported cash inflows from operating activities of ¥3,561,225,909.62, a decrease of 34.6% compared to ¥5,442,849,653.45 in the same period of 2023[18]. - Cash outflows from operating activities totaled ¥3,816,504,582.30, down 31.5% from ¥5,590,164,155.17 year-over-year[18]. - The net cash flow from operating activities was -¥255,278,672.68, worsening from -¥147,314,501.72 in the previous year[18]. - The company reported a significant reduction in cash received from sales of goods and services, totaling ¥2,142,728,108.55, a decrease of 38.8% from ¥3,503,973,589.63 in 2023[18]. - Payments for purchasing goods and services were ¥1,643,680,444.17, down 36.4% from ¥2,584,324,205.28 in the previous year[18]. Revenue Breakdown - Retail business revenue decreased by 23.93% year-on-year, primarily due to the renovation of the Zhongguancun store and a sluggish retail market[5]. - Payment business revenue fell by 49.38% year-on-year, influenced by industry policies and a 38.95% decline in transaction volume[5]. Investments and Expenses - Research and development expenses for the first three quarters of 2024 were CNY 57,326,859.35, compared to CNY 55,855,345.94 in the same period of 2023, reflecting a slight increase of 2.6%[16]. - The company reported a non-recurring gain of ¥2,254,919.23 for the current period, with a total of ¥2,854,420.61 year-to-date[4]. Shareholder Information - The company reported a total of 62,086 common shareholders at the end of the reporting period[7]. - The largest shareholder, Beijing Cuiwei Group Co., Ltd., holds 29.46% of the shares, totaling 235,277,319 shares[7]. Future Outlook - The company is exploring new market expansion strategies and potential mergers and acquisitions to enhance growth prospects in the coming quarters[17]. - Future guidance indicates a cautious outlook, with management emphasizing the need for strategic adjustments in response to market conditions[17].