SJFW(SH:600616)2024-10-30 09:24Financial Performance - The company's operating revenue for Q3 2024 was ¥117,010,342.71, representing a decrease of 26.56% compared to the same period last year[1]. - The net profit attributable to shareholders for Q3 2024 was a loss of ¥14,060,128.38, a decline of 2,061.41% year-on-year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of ¥14,681,111.85, a decrease of 11,214.89% compared to the previous year[1]. - The basic earnings per share for Q3 2024 was -¥0.02, reflecting a decline of 2,061.41% year-on-year[1]. - The diluted earnings per share for Q3 2024 was also -¥0.02, showing a similar decline[1]. - The weighted average return on equity for Q3 2024 was -0.73%, a decrease of 0.77 percentage points compared to the previous year[1]. - The company reported a net profit loss for the year-to-date of ¥29,660,087.99, a decline of 125.09% compared to the same period last year[1]. - The total operating revenue for Q3 2024 was approximately CNY 354.37 million, a decrease from CNY 360.43 million in Q3 2023, representing a decline of about 1.85%[15]. - The net profit for Q3 2024 was a loss of approximately CNY 30.75 million, compared to a net profit of CNY 116.53 million in Q3 2023, indicating a significant decline[15]. - The company reported a total comprehensive income of approximately CNY -30.75 million for Q3 2024, compared to CNY 116.53 million in Q3 2023[16]. - Basic and diluted earnings per share for Q3 2024 were both CNY -0.04, down from CNY 0.18 in Q3 2023[16]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,174,720,840.12, down 6.39% from the end of the previous year[1]. - The equity attributable to shareholders at the end of Q3 2024 was ¥1,930,466,588.63, a decrease of 2.45% compared to the previous year[1]. - Current assets decreased to CNY 1,612,066,170.14 as of September 30, 2024, down from CNY 1,735,805,914.90 at the end of 2023, representing a decline of approximately 7.1%[10]. - Total liabilities decreased to CNY 259,901,045.30 from CNY 344,121,127.29, representing a reduction of approximately 24.5%[12]. - Total equity decreased to CNY 1,914,819,794.82 from CNY 1,979,020,081.07, a decline of about 3.3%[12]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥21,205,355.19, indicating a significant cash outflow[1]. - The cash flow from operating activities for the first three quarters of 2024 was approximately CNY 442.20 million, compared to CNY 429.30 million in the same period of 2023, showing a growth of about 3%[17]. - The net cash flow from operating activities in Q3 2024 was a negative CNY 21.21 million, an improvement from a negative CNY 59.97 million in Q3 2023[18]. - The cash inflow from investment activities for the first three quarters of 2024 was approximately CNY 320.15 million, compared to CNY 207.95 million in the same period of 2023, indicating an increase of about 54%[18]. - The net cash flow from financing activities was -39,141,204.82 CNY, compared to -24,718,952.39 CNY in the previous year[19]. - The total cash outflow from financing activities amounted to 70,141,204.82 CNY, an increase from 55,718,952.39 CNY year-over-year[19]. - The net increase in cash and cash equivalents was -46,449,202.18 CNY, compared to -30,322,245.67 CNY in the same period last year[19]. - The ending balance of cash and cash equivalents was 235,485,616.87 CNY, down from 284,191,675.77 CNY year-over-year[19]. - The beginning balance of cash and cash equivalents was 281,934,819.05 CNY, compared to 314,513,921.44 CNY in the previous year[19]. Sales Performance - The company's total sales revenue for yellow wine from January to September 2024 is RMB 346.37 million, a decrease of 1.22% compared to RMB 350.64 million in the same period of 2023[6]. - The sales revenue from direct sales (including group purchases) decreased by 23.21% to RMB 70.75 million, while wholesale agency sales increased by 6.62% to RMB 275.61 million[7]. - In terms of regional sales, Shanghai saw a revenue increase of 1.45% to RMB 241.21 million, while Jiangsu experienced a decline of 7.42% to RMB 84.54 million[8]. - The company reported a decrease in mid-to-high-end yellow wine sales revenue by 0.17% to RMB 261.03 million, while low-end sales revenue decreased by 4.30% to RMB 85.33 million[6]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,458, with the largest shareholder, Shanghai Sugar Tobacco and Alcohol (Group) Co., Ltd., holding 233,352,334 shares, accounting for 34.88%[4]. - The number of shares held by major shareholders participating in the margin trading business includes 5,731,653 shares held by China Construction Bank and Penghua Index Fund, with 1,118,200 shares lent out[5]. - The company has no pledged, marked, or frozen shares among the top shareholders[4]. - The total number of shareholders with restored voting rights for preferred shares is not applicable[4]. - The company has not reported any significant changes in the participation of major shareholders in margin trading compared to the previous period[5]. Research and Development - Research and development expenses increased to approximately CNY 3.70 million from CNY 2.59 million, marking an increase of about 43%[15]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[12].