Financial Performance - For the third quarter of 2024, operating revenue decreased by 16.5% year-on-year to RMB 835.5 million, and for the nine months ended September 30, 2024, it decreased by 13.6% to RMB 2,780.2 million[3]. - Same-store sales declined by 23.1% in the third quarter of 2024, and by 16.1% for the nine months ended September 30, 2024[3]. - Operating profit for the third quarter of 2024 was RMB 89.6 million, a decrease of 27.3% compared to RMB 389.9 million in the same period last year[3]. - The company reported a loss attributable to owners of RMB 29.3 million for the nine months ended September 30, 2024, compared to a profit of RMB 67.3 million in the same period last year[3]. - Total sales revenue for Q3 2024 was RMB 1,812.1 million, a decrease of 20.4% year-over-year, while revenue for the nine months ended September 30, 2024, was RMB 6,504.9 million, down 14.9% compared to the previous year[25]. - Operating profit for Q3 2024 was RMB 89.6 million, and for the nine months ended September 30, 2024, it was RMB 283.4 million, representing a decrease of 27.3% from RMB 389.9 million in the same period last year[29]. - The company recorded a loss attributable to owners of RMB 10.6 million in Q3 2024 and a loss of RMB 29.3 million for the nine months ended September 30, 2024[31]. Revenue and Sales Breakdown - Total sales revenue (including VAT) for the three months ended September 30, 2024, was RMB 1,812.1 million, down from RMB 2,277.7 million in the same period last year[5]. - Revenue from customer contracts accounted for 66.9% of total operating revenue, decreasing by RMB 367.4 million[27]. - The total sales amount from licensed counters was RMB 3,559.2 million, accounting for 72.1% of total sales, while direct sales were RMB 1,376.7 million, making up 27.9% of total sales, both showing a decline of 15.7% and 16.6% respectively year-over-year[26]. Expenses and Cash Flow - Total operating expenses for the nine months ended September 30, 2024, were RMB 2,496.8 million, compared to RMB 2,828.4 million in the same period last year[5]. - Total operating expenses for the nine months ended September 30, 2024, were RMB 1,303.2 million, down 7.7% from RMB 1,411.4 million in the previous year[28]. - The net cash flow from operating activities for the nine months ended September 30, 2024, was RMB 333.6 million[13]. - Cash and cash equivalents at the end of the period were RMB 1,446.6 million, down from RMB 1,683.6 million at the beginning of the period[20]. Assets and Liabilities - Non-current assets as of September 30, 2024, totaled RMB 8,177.9 million, compared to RMB 8,041.7 million as of December 31, 2023[7]. - Total liabilities as of September 30, 2024, were RMB 5,199.2 million, an increase from RMB 4,917.8 million as of December 31, 2023[10]. Company Operations - The company operates 43 Parkson stores across 28 cities in China and Laos, including department stores and shopping plazas[31].
百盛集团(03368) - 2024 Q3 - 季度业绩