曲美家居(603818) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months rose by 17.94% to CNY 1,689,524,517.49[8] - Net profit attributable to shareholders decreased by 45.40% to CNY 95,054,593.68[8] - Basic earnings per share fell by 44.44% to CNY 0.20[8] - The weighted average return on equity decreased by 6.18 percentage points to 5.80%[8] - The company reported a significant decrease in net profit due to increased costs and market challenges[9] - Operating revenue grew by 17.94% year-on-year, driven by the revenue contribution from Ekornes[15] - Operating costs increased by 15.53% year-on-year, also influenced by the acquisition of Ekornes[15] - Operating profit for Q3 2018 was ¥45,664,207.34, a decrease of 46.0% from ¥84,651,377.26 in Q3 2017[30] - Net profit for the first nine months of 2018 was ¥99,600,504.71, down 42.7% from ¥174,042,815.35 in the same period last year[30] - The company reported a total comprehensive income of ¥31,509,589.19 for Q3 2018, compared to ¥68,370,433.10 in Q3 2017[31] - The company recorded a profit before tax of ¥46,132,959.57 for Q3 2018, down 44.0% from ¥82,988,827.57 in Q3 2017[30] - The company reported a total profit of -17,772,174.08 CNY for Q3 2018, compared to a profit of 60,320,843.19 CNY in the same period last year, indicating a significant decline in profitability[33] Cash Flow and Investments - Cash flow from operating activities declined by 45.27% to CNY 103,168,325.77[8] - The net cash flow from operating activities decreased by 45.27% year-on-year, primarily due to increased payments for materials and labor[16] - The cash flow from investing activities surged by 1585.10% year-on-year, mainly due to increased payments for the acquisition of Ekornes[16] - The company reported a net cash outflow from investing activities of -4,321,575,307.08 CNY, compared to -256,457,550.60 CNY in the same period last year, indicating increased investment activities[38] - Cash inflow from investment activities was $7,208,460.44, significantly lower than $1,748,498,752.73 in the previous year, indicating a drop of 99.6%[41] - Net cash flow from investment activities was -$2,161,478,285.34, compared to -$252,494,951.79 last year, reflecting a worsening of 757.5%[41] - Cash paid for investments reached $2,133,000,000.00, a significant increase from $60,000,000.00 in the previous year[40] Assets and Liabilities - Total assets increased by 229.52% year-on-year, reaching CNY 6,931,860,593.95[8] - The company reported a total asset of ¥6,931,860,593.95, up from ¥2,103,602,813.09, indicating a growth of approximately 229.5%[22] - Total current assets increased to ¥1,609,797,901.22 from ¥1,270,423,939.52, representing a growth of approximately 26.6%[22] - Total non-current assets surged to ¥5,322,062,692.73 from ¥833,178,873.57, marking an increase of around 537.5%[22] - Total liabilities rose to ¥4,989,513,756.19 from ¥473,158,552.03, showing a significant increase of approximately 957.5%[23] - The company’s total liabilities increased significantly due to the acquisition-related borrowings[14] - Cash and cash equivalents decreased to ¥288,515,983.05 from ¥925,081,556.73, a decline of approximately 68.8%[21] - The company’s goodwill stood at ¥3,669,647,001.01, with no prior balance reported, indicating potential acquisitions or mergers[22] Shareholder Information - The total number of shareholders reached 24,232[10] - Major shareholder Zhao Ruihai holds 32.65% of shares, with 160,483,200 shares pledged[10] Research and Development - Research and development expenses for the first nine months of 2018 totaled ¥52,672,058.94, an increase of 26.4% compared to ¥41,712,052.04 in the same period last year[29] Financial Expenses - The company’s financial expenses decreased by 4131.54% year-on-year, influenced by interest expenses and exchange rate gains[15] - The company incurred financial expenses of 25,262,006.84 CNY in Q3 2018, which included interest expenses of 32,804,744.40 CNY[33]