周大生(002867) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥2,611,791,040.87, a decrease of 40.91% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥253,354,854.48, down 28.70% year-on-year[2]. - The total revenue from January to September 2024 reached ¥10,808,649,102.64, reflecting a decline of 13.49% compared to the previous year[5]. - Total revenue for Q3 2024 was CNY 10,808,649,102.64, a decrease of 13.5% compared to CNY 12,493,990,257.53 in the same period last year[22]. - Net profit attributable to the parent company was CNY 3,719,328,749.76, a decrease from CNY 3,895,719,864.38 year-on-year[21]. - The net profit for Q3 2024 was CNY 852,968,691.99, a decrease of 22% compared to CNY 1,092,663,688.67 in Q3 2023[23]. - The total comprehensive income attributable to the parent company was CNY 854,737,537.58, down from CNY 1,095,140,160.78 in Q3 2023[23]. - The company reported a total profit of CNY 1,109,104,662.60 for Q3 2024, down from CNY 1,421,947,168.76 in the previous year, representing a decline of approximately 22%[23]. Revenue Breakdown - Self-operated offline business revenue for the first nine months was ¥1,354,000,000, a growth of 9.77% year-on-year[6]. - E-commerce business revenue for the first nine months was ¥1,653,000,000, an increase of 5.94% compared to the previous year[6]. - Franchise business revenue for the first nine months was ¥7,660,000,000, a decrease of 19.75% year-on-year[6]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,265,285,038.46, representing a 3.16% increase from the end of the previous year[2]. - Total liabilities increased to CNY 2,058,916,169.97, up from CNY 1,627,766,416.87, marking a rise of 26.4%[20]. - The company’s total equity attributable to shareholders decreased to CNY 6,204,837,295.72 from CNY 6,381,299,956.49, a decline of 2.8%[21]. Cash Flow and Financial Position - Cash and cash equivalents increased by 82.21% to ¥1,552,079,538.19 due to a significant decrease in credit sales and growth in sales collections[12]. - Cash received from operating activities decreased by 41.89% to ¥100,105,132.58 due to a reduction in customer deposits and government subsidies[14]. - Cash obtained from borrowings increased by 175.00% to ¥1,650,000,000.00 as the company raised more short-term loans[14]. - Cash flow from operating activities showed a net increase of CNY 1,314,997,122.68, a significant improvement from a negative cash flow of CNY -108,657,725.42 in the previous year[24]. - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 1,327,784,636.96, up from CNY 823,153,903.37 at the end of Q3 2023[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,772, with the largest shareholder holding 55.57%[15]. - The company reported a total share capital of 1,095,926,265 shares, with 10,452,372 shares held in the repurchase account, representing 0.95% of the total share capital[18]. - A cash dividend of 6.5 RMB per 10 shares will be distributed, totaling 705,558,030.45 RMB, with the record date on July 9, 2024[18]. - For the 2024 semi-annual dividend, a cash dividend of 3 RMB per 10 shares is proposed, amounting to 325,642,167.90 RMB, with the record date on October 18, 2024[18]. - The top 10 shareholders include Shenzhen Zhou's Investment Co., Ltd. holding 609,018,750 shares, accounting for 55.6% of the total[17]. - The company’s actual controller, Zhou Zongwen, and his family hold a combined 82.54% of the shares after a recent share transfer agreement[17]. Operational Changes - The number of stores at the end of the reporting period was 5,235, with a net increase of 129 stores since the beginning of the year[10]. - The company has focused on product development and marketing efforts to adapt to market changes amid challenging economic conditions[5]. - The company has not reported any new product launches or technological advancements in this quarter[16]. - There are no updates on market expansion or mergers and acquisitions in the current report[16]. Expenses - Sales expenses increased by 33.30% to ¥823,945,348.83 primarily due to higher compensation, rental, advertising, and e-commerce channel costs[13]. - Financial expenses surged by 2234.80% to ¥25,150,070.56 mainly due to increased interest on short-term loans and foreign exchange losses[13]. - Research and development expenses for the quarter were CNY 8,909,429.39, slightly up from CNY 8,377,091.38 in the previous year[22].