中国中免(601888) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was approximately ¥11.76 billion, a decrease of 21.52% compared to the same period last year[2]. - Net profit attributable to shareholders was approximately ¥636.40 million, down 52.53% year-on-year[2]. - Basic earnings per share for the quarter were ¥0.3076, reflecting a decline of 52.53% compared to the previous year[2]. - The net profit excluding non-recurring gains and losses for the quarter was approximately ¥635.05 million, a decrease of 52.49% year-on-year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 43.02 billion, a decrease of 15.4% compared to CNY 50.84 billion in the same period of 2023[12]. - Net profit for the first three quarters of 2024 was CNY 4.31 billion, a decline of 20.5% from CNY 5.42 billion in the same period of 2023[13]. - The total comprehensive income for the period was CNY 4,210,036,486.96, compared to CNY 5,908,745,924.37 in the same period last year, reflecting a decrease of approximately 28.7%[14]. - The basic and diluted earnings per share were both CNY 1.8944, down from CNY 2.5165 in the same period last year, reflecting a decrease of approximately 24.7%[14]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was approximately ¥5.10 billion, a decrease of 62.03% year-on-year[2]. - The net cash flow from operating activities was CNY 5,103,650,006.60, down from CNY 13,442,904,588.11 in the previous year, indicating a decline of about 62.1%[15]. - The total cash inflow from operating activities was CNY 46,730,451,257.33, compared to CNY 55,166,707,917.70 in the prior year, representing a decrease of approximately 15.4%[15]. - The total cash and cash equivalents at the end of the period were CNY 31,985,093,212.30, compared to CNY 33,854,625,563.83 at the end of the previous year, a decrease of about 5.5%[16]. - The company reported a net increase in cash and cash equivalents of CNY 232,901,428.16, a significant decrease from CNY 8,092,482,377.19 in the previous year[16]. Assets and Liabilities - Total assets at the end of the quarter were approximately ¥75.58 billion, down 4.17% from the end of the previous year[3]. - As of September 30, 2024, the total assets of China Tourism Group Duty Free Corporation amounted to RMB 75.58 billion, a decrease from RMB 78.87 billion at the end of 2023[10]. - The company's current assets totaled RMB 54.66 billion, down from RMB 58.46 billion at the end of 2023, indicating a decline of approximately 4.8%[10]. - The company's total liabilities decreased to CNY 15.63 billion from CNY 19.69 billion, reflecting a reduction of approximately 20.5%[12]. - The total equity attributable to shareholders increased to CNY 54.23 billion from CNY 53.83 billion, showing a growth of 0.74%[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 309,526[6]. - The largest shareholder, China Tourism Group Co., Ltd., held 50.30% of the shares[6]. Operational Challenges - The company attributed the decline in performance to insufficient consumer spending and external factors such as typhoons in September[5]. - The company has not disclosed any new product developments or market expansion strategies in the current report[9]. - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[12]. Expenses - Research and development expenses for the first three quarters of 2024 were CNY 8.73 million, down from CNY 9.78 million in 2023, indicating a decrease of 10.7%[13]. - The company reported a financial expense of CNY -654.91 million, compared to CNY -581.83 million in the previous year, reflecting an increase in financial costs[13]. - The company’s tax expenses for the first three quarters of 2024 were CNY 1.14 billion, slightly down from CNY 1.15 billion in 2023[13].