居然之家(000785) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥3,132,230,773.29, a decrease of 6.23% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥129,030,747.83, down 54.64% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥141,643,149.00, a decline of 53.98% compared to the previous year[2]. - Total operating revenue for the period was CNY 9,479,144,047.32, a decrease of 2.72% compared to CNY 9,743,755,769.22 in the previous period[20]. - The company's net profit attributable to shareholders was CNY 4,757,209,502.72, up from CNY 4,414,119,836.59 in the previous period, reflecting a growth of 7.77%[19]. - The net profit for Q3 2024 was CNY 736,150,800.53, a decrease of 37.4% compared to CNY 1,174,487,638.31 in Q3 2023[21]. - Operating profit for the quarter was CNY 1,116,308,912.02, compared to CNY 1,627,295,331.10 in the same period last year, reflecting a decrease of 31.3%[21]. - The total comprehensive income attributable to the parent company was CNY 731,829,870.40, compared to CNY 1,153,504,313.12 in Q3 2023, a decrease of 36.5%[21]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥51,869,681,361.69, representing a decrease of 3.37% from the end of the previous year[2]. - Total assets decreased to CNY 51,869,681,361.69 from CNY 53,681,287,572.66, a decline of 3%[18]. - Total liabilities decreased to CNY 30,521,433,282.51 from CNY 32,679,027,272.64, a reduction of 6.6%[18]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥1,802,036,306.48, down 38.86% year-on-year[2]. - The cash flow from operating activities generated a net amount of CNY 1,802,036,306.48, down 38.7% from CNY 2,947,414,624.53 in the previous year[22]. - The company reported a net cash outflow from investing activities of CNY -943,319,330.84, an improvement from CNY -2,701,686,592.63 in the same period last year[23]. - Cash and cash equivalents decreased to CNY 2,340,099,058.17 from CNY 3,568,234,357.80, a decline of 34.5%[17]. - Cash and cash equivalents at the end of the period stood at CNY 2,082,392,164.59, down from CNY 2,706,888,897.49 at the end of Q3 2023[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,381[7]. - The top shareholder, Beijing Juran Home Investment Holding Group Co., Ltd., holds 1,648,466,346 shares, accounting for a significant portion of the company's equity[9]. - The second-largest shareholder, Horgos Huixin Da Building Materials Co., Ltd., holds 715,104,702 shares, indicating strong institutional support[9]. - The company has a total of 4,293 employees whose performance metrics have met the criteria for unlocking shares from the employee stock ownership plan, corresponding to 8,603,433 shares, or 0.14% of total share capital[12]. Employee Stock Ownership Plan - The company implemented its first employee stock ownership plan, transferring 41,011,653 shares, representing approximately 0.63% of the total share capital[10]. - The first lock-up period of the employee stock ownership plan will expire on March 24, 2024, with a planned unlock ratio of 25%, equating to 10,252,913 shares[11]. Financing Activities - The company initiated a share repurchase plan with a total funding amount between RMB 30 million and RMB 50 million, with a maximum repurchase price of RMB 3.50 per share[13]. - As of October 9, 2024, the company repurchased 578,100 shares at a total cost of RMB 1,586,225, representing approximately 0.01% of the total share capital[14]. - The company engaged in a financing lease transaction with a total financing amount of RMB 140 million, with a fixed interest rate of 3.8% over a 5-year term[15]. - The financing lease transaction involves related parties, with Beijing Jinyu Group holding 10% of the company's shares, indicating potential conflicts of interest[15]. - The company is actively expanding its financing channels to support business development needs through various financial instruments[15]. Research and Development - Research and development expenses for the first nine months of 2024 were ¥25,488,578.84, a decrease of 42.70% compared to the same period last year[6]. - The company is focusing on new product development, with R&D expenses reported at CNY 25,488,578.84, down from CNY 44,483,835.75 in the previous period[20]. Inventory - The company reported a significant increase in inventory, which rose by 42.06% to ¥621,829,071.52 due to increased purchases[6]. - Inventory increased to CNY 621,829,071.52, up from CNY 437,721,286.60, representing a growth of 42%[17]. Strategic Partnerships - The company has completed the signing of agreements related to a significant transaction with its controlling shareholder, indicating ongoing strategic partnerships[16].