Leysen(SH:603900)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 40.76% to CNY 246,056,243.32 year-on-year[6] - Operating revenue for the first nine months reached CNY 1,454,629,394.01, an increase of 18.74% compared to the same period last year[6] - Basic earnings per share increased by 5.88% to CNY 0.72[6] - Total revenue for the period from January to September reached ¥1,454,629,394.01, an increase of 18.74% compared to ¥1,225,050,523.92 in the same period last year, primarily due to increased direct and franchise income[13] - Net profit for the same period was ¥246,056,243.32, reflecting a growth of 40.76% from ¥174,802,980.68, mainly driven by the rise in direct and franchise income[13] - Operating profit for the third quarter was ¥74,274,239.67, compared to ¥42,783,775.58 in the same period last year, an increase of approximately 73.5%[28] - Net profit for the first nine months was ¥245,864,263.73, up from ¥174,473,681.63, reflecting a growth of about 41.0%[28] - Total profit for the first nine months of 2017 was approximately ¥219.20 million, an increase of 15.3% compared to ¥190.05 million in the same period last year[32] Cash Flow - Net cash flow from operating activities increased by 133.98% to CNY 121,043,373.44 year-on-year[6] - The net cash flow from operating activities increased by 133.98% to ¥121,043,373.44, up from ¥51,733,073.78, largely due to an increase in advance payments from new franchise stores[13] - Cash inflow from operating activities for the first nine months of 2017 was ¥1,713,331,748.28, compared to ¥1,430,748,055.86 in the same period last year, representing an increase of approximately 19.7%[35] - Cash and cash equivalents at the end of the reporting period were ¥142,799,676.34, down from ¥779,365,019.84 at the beginning of the year[19] - The company reported a net decrease in cash and cash equivalents of -¥636,565,343.50 for the first nine months of 2017, contrasting with an increase of ¥6,578,005.31 in the previous year[36] Assets and Liabilities - Total assets increased by 7.41% to CNY 2,677,855,006.39 compared to the end of the previous year[6] - Total liabilities decreased to ¥456,744,753.07 from ¥471,391,617.63, indicating improved financial stability[21] - Total current assets increased to ¥2,382,178,646.92 from ¥2,310,766,138.43, reflecting a growth of approximately 3.1%[24] - Accounts receivable decreased to ¥85,548,390.98 from ¥167,291,166.48, a decline of about 48.9%[23] - Inventory rose to ¥1,433,125,933.52 from ¥1,325,829,820.89, indicating an increase of approximately 8.1%[23] - Owner's equity increased to ¥2,032,607,892.18 from ¥1,916,793,721.65, showing a growth of about 6.1%[25] Shareholder Information - The total number of shareholders reached 26,844[8] - The company’s share capital increased by 40.00% to CNY 340,473,840.00 due to a capital reserve distribution[11] - The company completed a capital increase by converting capital reserves into shares, issuing 97,278,240 new shares, raising total share capital to 340,473,840 shares[15] Investments and Acquisitions - Investment income amounted to ¥11,057,966.17, attributed to the purchase of short-term financial products, with no prior year comparison available[13] - The acquisition of 81% of Belgian brand Joaillerie Leysen Freres SA was finalized, enhancing the company's brand portfolio and market presence[15] Marketing and Operations - The company adjusted its marketing network construction project to improve responsiveness to market conditions while maintaining the original funding direction[16] Expenses and Financial Metrics - Sales expenses for Q3 2017 were approximately ¥99.56 million, an increase of 16.3% compared to ¥85.60 million in Q3 2016[31] - The company reported a financial expense of approximately -¥1.20 million for Q3 2017, a significant improvement compared to a financial expense of ¥2.91 million in Q3 2016[31] - The company recorded a tax expense of approximately ¥5.67 million for Q3 2017, down from ¥9.74 million in Q3 2016, indicating a decrease of 41.5%[32]