Peacebird(SH:603877)2018-10-26 16:00Financial Performance - Operating revenue for the year-to-date was CNY 4,888,027,472.07, representing a growth of 13.14% year-on-year[7] - Net profit attributable to shareholders was CNY 282,344,390.58, an increase of 69.72% compared to the same period last year[7] - Basic earnings per share rose to CNY 0.59, reflecting a growth of 68.57%[7] - Total operating revenue for Q3 2018 reached ¥1,718,825,602.47, an increase from ¥1,501,048,043.37 in Q3 2017, representing a growth of approximately 14.5%[35] - Net profit for Q3 2018 was ¥81,896,676.78, compared to ¥72,847,362.09 in Q3 2017, reflecting an increase of approximately 12.9%[35] - The company's net profit for the first nine months of 2018 was ¥395,848,716.19, compared to ¥239,601,285.62 in the same period of 2017, representing an increase of around 65.4%[38] - The total profit for the first nine months of 2018 was ¥404,081,214.06, compared to ¥218,354,753.84 in the same period of 2017, representing an increase of about 84.8%[38] Cash Flow - The net cash flow from operating activities was negative at CNY -287,884,922.37, compared to CNY -262,369,391.31 in the previous year[7] - The net cash flow from investing activities was negative at CNY -258,028,834.26, an improvement from CNY -830,009,532.92 year-on-year[7] - The net cash flow from financing activities was negative at CNY -231,857,389.95, a significant decrease of 134.31% compared to the previous year[7] - Cash inflow from operating activities for Q3 2018 was CNY 5,717,251,425.61, an increase of 12.9% from CNY 5,064,158,634.61 in Q3 2017[41] - Net cash outflow from operating activities was CNY -287,884,922.37, compared to CNY -262,369,391.31 in the same period last year[41] - Cash inflow from investment activities totaled CNY 5,450,355,519.53, significantly higher than CNY 1,187,492,270.71 in Q3 2017[42] - Net cash outflow from investment activities was CNY -258,028,834.26, an improvement from CNY -830,009,532.92 in Q3 2017[42] - Cash inflow from financing activities was CNY 148,432,875.11, down from CNY 1,237,993,051.16 in Q3 2017[42] - Net cash outflow from financing activities was CNY -231,857,389.95, compared to a net inflow of CNY 675,755,365.32 in the same period last year[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,056,506,202.69, a decrease of 2.22% compared to the end of the previous year[7] - The company's total equity decreased to RMB 3,279,696,719.28 from RMB 3,315,064,824.66, a decline of about 1.1%[28] - Total liabilities for Q3 2018 were ¥1,020,252,538.72, compared to ¥884,920,004.07 in Q3 2017, which is an increase of approximately 15.3%[32] - The total inventory as of Q3 2018 was ¥613,839,681.87, an increase from ¥508,240,649.10 in the previous year, representing a growth of approximately 20.8%[31] - Long-term borrowings rose by 39.90% to ¥420,590,000.00, primarily due to financing needs for ongoing projects[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,829[11] - The company repurchased a total of 116,900 restricted shares at a price of RMB 13.96 per share due to the departure of five employees, totaling RMB 1,630,084.40[21] - The company plans to repurchase shares at a price not exceeding RMB 25 per share, with a minimum total repurchase amount of RMB 50 million and a maximum of RMB 100 million, pending shareholder approval[22] Other Income and Expenses - The company reported a government subsidy income of CNY 169,946,387.08 for the year-to-date[10] - Other income increased by 33.71% to ¥123,842,542.68, attributed to higher government subsidies received[14] - Research and development expenses for Q3 2018 were ¥19,195,242.54, slightly down from ¥19,863,086.11 in Q3 2017, showing a decrease of approximately 3.4%[35] - Research and development expenses for the first nine months of 2018 totaled ¥21,868,643.19, up from ¥18,504,472.65 in the previous year, indicating a year-over-year increase of approximately 18.5%[37] - The company incurred asset impairment losses of ¥65,530,873.33 for the first nine months of 2018, a decrease from ¥152,493,139.34 in the same period of 2017, indicating a reduction of approximately 57.0%[37] Store Expansion and Sales - The number of new stores opened in the first three quarters was 262 for direct stores and 453 for franchise stores, with a net increase of 180 stores[19] - Online sales generated revenue of ¥1,127,112,550.23, up 16.16% year-on-year, with a gross margin of 44.94%[20] - The gross margin for direct stores was 65.37%, while franchise stores reported a gross margin of 47.17%[18] - The company plans to continue optimizing its channel structure and control store expansion in response to market changes[19]