Shanghai Guijiu (SH:600696)2024-10-30 09:54Financial Performance - Total revenue for Q3 2024 was ¥39,456,683.04, a decrease of 92.28% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥1,818,045.49, down 97.26% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥4,618,464.80, a decrease of 92.08% compared to the same period last year[2] - Basic earnings per share for Q3 2024 was ¥0.0054, a decline of 97.26% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 230,576,792.38, a decrease from CNY 1,353,757,772.43 in the same period of 2023[18] - Net profit for the third quarter of 2024 was CNY -70,989,571.77, down from CNY 128,356,379.35 in the same quarter of 2023[20] - The total comprehensive income attributable to the parent company was -75,559,559.64 CNY, compared to 119,971,485.45 CNY in the same period last year[21] - The basic and diluted earnings per share were both -0.2259 CNY, a decrease from 0.3587 CNY in the previous year[21] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,120,447,522.18, a decrease of 7.15% from the end of the previous year[3] - The company's total assets decreased from CNY 2,283,789,397.87 at the end of 2023 to CNY 2,120,447,522.18 in the third quarter of 2024[17] - Total liabilities decreased from CNY 1,418,964,086.50 to CNY 1,324,582,032.58 during the same period[17] - Shareholders' equity attributable to the parent company at the end of Q3 2024 was ¥529,820,647.22, down 12.19% from the end of the previous year[3] Cash Flow - Cash flow from operating activities for the year-to-date was negative at -¥74,992,287.41, a decline of 118.41%[2] - The net cash flow from operating activities was -74,992,287.41 CNY, compared to 407,308,961.15 CNY in the same period last year[22] - The cash inflow from operating activities totaled 91,376,293.84 CNY, while cash outflow was 166,368,581.25 CNY[22] - The total cash inflow from financing activities was 262,860,000.00 CNY, while the cash outflow was 215,881,140.64 CNY, resulting in a net cash flow of 46,978,859.36 CNY[23] - The cash and cash equivalents at the end of the period were 1,631,267.58 CNY, down from 241,081,294.80 CNY at the end of the previous year[23] Operational Challenges - The company reported a significant decline in sales of alcoholic beverages, impacting revenue and profit margins[6] - The company did not receive any government subsidies during the reporting period, contributing to the decline in net profit[6] - The company reported a significant decline in overall performance, continuing to incur losses in the first three quarters of 2024 due to insufficient consumption growth and industry challenges[13] - The company experienced a significant decline in sales revenue, with cash received from sales reported at 78,725,822.01 CNY compared to 1,885,271,941.96 CNY in the previous year[22] - The company has faced negative media coverage and regulatory inquiries, affecting distributor confidence and sales performance[13] - The company is experiencing a trend of industry consolidation, with smaller brands being increasingly pressured[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,535[9] - The largest shareholder, Shanghai Guijiu Enterprise Development Co., Ltd., holds 143,433,141 shares, accounting for 42.88% of the total shares[10] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 0.3431%, a decrease of 10.69 percentage points compared to the same period last year[2] - Research and development expenses for the third quarter of 2024 were CNY 1,699,684.18[20] - The company reported a significant increase in employee compensation liabilities, rising from CNY 30,023,244.49 to CNY 47,733,363.83[17] - Deferred tax assets decreased from CNY 70,956,340.08 to CNY 52,928,394.30[17] - The company's goodwill and intangible assets were reported at CNY 172,776,862.17, reflecting ongoing investments in data resources[17] - The actual controller of the company is under criminal coercive measures, and 64.80% of the shares held by the controlling shareholder are frozen[13] - The company's inventory decreased from 609,622,360.13 to 582,612,708.97 during the same period[15] - As of September 30, 2024, the company's cash and cash equivalents decreased to 24,038,149.73 from 53,539,767.89 at the end of 2023[15] - The cash flow from investment activities was -14,554,297.66 CNY, indicating a decrease in investment cash flow compared to the previous year[22] - The company received 144,000,000.00 CNY from investments and 181,000,000.00 CNY from loans during the financing activities[23]