GGITG(SH:601086)2024-10-30 08:11Financial Performance - The company's operating revenue for Q3 2024 was CNY 173,548,264.92, a decrease of 25.18% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was CNY 1,883,257.48, down 81.98% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,476,154.30, a decrease of 68.72% compared to the same period last year[2]. - The basic earnings per share for Q3 2024 was CNY 0.003, reflecting an 85.00% decline year-on-year[2]. - The diluted earnings per share for the year-to-date period was CNY 0.05, down 73.68% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 598,297,223.50, a decrease of 19.1% compared to CNY 739,172,059.30 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 35,551,590.72, a decline of 72.3% from CNY 128,553,835.17 in the same period of 2023[19]. - The total comprehensive income for the third quarter of 2024 was CNY 41,278,408.73, a significant decrease from CNY 126,650,307.86 in the same period of 2023, representing a decline of approximately 67.5%[20]. - Basic and diluted earnings per share for the third quarter of 2024 were both CNY 0.05, down from CNY 0.19 in the previous year, indicating a decrease of 73.7%[20]. - Net profit for the first three quarters of 2024 was a loss of CNY 12,791,604.38, compared to a profit of CNY 26,692,489.80 in the same period of 2023[29]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 97,189,959.44, down 73.93% year-on-year[2]. - Cash inflows from operating activities for the first three quarters of 2024 totaled CNY 1,772,546,777.47, compared to CNY 2,160,121,783.71 in the same period of 2023, reflecting a decline of about 17.9%[23]. - Cash outflows from operating activities amounted to CNY 1,675,356,818.03, down from CNY 1,787,279,366.70 in the previous year, a decrease of approximately 6.3%[23]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 97,189,959.44, a significant drop of 73.0% compared to CNY 372,842,417.01 in 2023[23]. - Cash flow from operating activities for the first three quarters of 2024 was CNY 131,669,948.97, down from CNY 388,511,998.77 in the same period of 2023[30]. - The net increase in cash and cash equivalents was $11,737,397.18, a significant decrease from $432,252,510.29 in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,646,486,984.22, a decrease of 3.57% from the end of the previous year[3]. - Total assets as of the end of Q3 2024 amounted to CNY 2,646,486,984.22, compared to CNY 2,744,581,845.49 at the end of Q3 2023[16]. - Total liabilities were CNY 1,101,096,651.04, slightly up from CNY 1,100,110,114.76 year-over-year[16]. - Current liabilities totaled CNY 771,491,058.95, an increase of 4.9% from CNY 738,553,120.72 in the previous year[16]. - Non-current liabilities decreased to CNY 329,605,592.09 from CNY 361,556,994.04, reflecting a reduction of 8.8%[16]. - The company's total equity decreased to CNY 1,350,226,617.33 from CNY 1,503,378,027.99 year-over-year[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,100[9]. - The largest shareholder, Zhang Guofang, holds 280,500,000 shares, representing 42.12% of total shares[9]. - The second-largest shareholder, Zhang Chunfang, holds 139,400,000 shares, representing 20.93% of total shares, with 32,180,000 shares pledged[9]. Operational Insights - The company reported a significant decline in sales revenue due to changes in consumer demand and major store renovations[6]. - The company reported a significant increase in sales expenses, which rose to CNY 20,898,186.58 from CNY 17,705,901.96 in the same period of 2023[28]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[12]. - There are no known related party transactions among other shareholders[11]. Investment Activities - Long-term equity investments rose to 200,274,129.14 RMB from 180,107,232.43 RMB, reflecting an increase in investment activities[14]. - The company's long-term equity investments increased to CNY 759,367,527.24 as of September 30, 2024, up from CNY 741,230,630.53 at the end of 2023, indicating a growth of approximately 2.4%[25]. - Cash inflow from investment activities was $43,822,220.53, significantly lower than $116,518,596.89 in the prior period[31]. - Cash paid for investment activities was $10,200,000.00, down from $30,000,000.00 previously[31].