Guirenniao(SH:603555)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders dropped by 89.14% to CNY 16,059,120.93 year-to-date[6] - Operating revenue for the first nine months was CNY 2,302,011,509.73, a decrease of 0.52% year-on-year[6] - Basic earnings per share decreased by 89.16% to CNY 0.0255[7] - The gross profit margin for the company was 28.63%, down by 8.66 percentage points year-on-year[18] - The company's total operating costs were approximately CNY 1.61 billion, reflecting a year-on-year increase of 12.98%[18] - Operating income for the third quarter was CNY 765,586,006.59, compared to CNY 735,338,581.02 in the same period last year, reflecting a growth of approximately 4.0%[38] - The company reported a significant increase in asset impairment losses by 29.60% to ¥22,169,411.49, linked to an increase in receivables[16] - The company reported a gross profit margin of 24.2% in Q3 2018, down from 35.6% in Q3 2017[44] - The total comprehensive income for Q3 2018 was a loss of ¥9,065,488.54, compared to a profit of ¥24,492,431.10 in Q3 2017[40] Cash Flow - The net cash flow from operating activities decreased by 2.45% to CNY 257,780,197.85 year-to-date[6] - Cash inflow from operating activities for the first nine months was 2,826,746,422.53 RMB, down from 2,913,539,953.51 RMB year-on-year[47] - Cash outflow from operating activities totaled 2,568,966,224.68 RMB, compared to 2,649,284,929.78 RMB in the previous year[47] - Net cash flow from investment activities was 591,995,320.21 RMB, a significant improvement from -564,867,345.64 RMB year-on-year[48] - Net cash flow from financing activities decreased by 163.95% to -¥1,174,596,401.58, due to reduced new financing and significant debt repayment[17] - Cash inflow from financing activities was 1,281,466,284.23 RMB, down from 2,789,991,099.00 RMB in the previous year[48] Assets and Liabilities - Total assets decreased by 13.44% to CNY 6,563,774,792.87 compared to the end of the previous year[6] - The total amount of inventory increased by 29.76% to ¥638,898,719.52, attributed to adjustments in the direct sales model and increased stock for peak season[14] - The total liabilities increased by 36.31% in accounts payable, reaching ¥843,700,662.02, due to increased settlement of goods[14] - The company's total assets decreased to approximately 6.56 billion RMB from 7.58 billion RMB, a decrease of about 13.5%[31] - Total liabilities decreased to approximately 4.06 billion RMB from 4.96 billion RMB, a decrease of about 18.1%[31] Shareholder Information - The total number of shareholders reached 17,996, with the largest shareholder holding 76.22% of the shares[11] - The company transferred 37% equity stakes in two subsidiaries for a total of CNY 141.44 million during the reporting period[25] - The company approved the transfer of 13.66% equity in Hupu Sports for a price of 273.28 million RMB, which has been fully repaid to the company[26] Market and Operational Changes - The company faced increased production costs due to rising raw material and labor costs, leading to a decline in self-owned brand output[7] - The company provided subsidies and discounts to distributors, further diluting the gross profit margin[7] - The company opened 437 new franchise stores during the reporting period, while closing 725 stores[22] - Online sales revenue for the first nine months of 2018 was CNY 378.28 million, accounting for 16.81% of total revenue, with a gross margin of 19.89%[24]