Kingking(002094)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 54.01% to CNY 34,509,957.89 for the reporting period[8]. - Operating income for the period was CNY 1,274,661,007.13, reflecting a 2.95% increase year-on-year[8]. - For the first nine months of 2018, total profit decreased by 46.43% compared to the same period in 2017, primarily due to a one-time investment income of 220 million yuan from Hangzhou Youke Cosmetics Co., Ltd. in the previous year[19]. - For the first nine months of 2018, net profit decreased by 52.84% compared to the same period in 2017, with a growth of 4.19% when excluding the one-time investment income impact[20]. - The company expects the net profit attributable to shareholders for 2018 to decrease by 20.00% to 50.00% compared to 2017, mainly due to the previous year's one-time investment income[25]. Cash Flow and Financial Activities - Cash flow from operating activities showed a net outflow of CNY -288,326,814.54[8]. - For the first nine months of 2018, cash received from investment activities decreased by 88.25% compared to the same period in 2017, mainly due to the previous year's increase in cash from consolidated subsidiaries[21]. - For the first nine months of 2018, cash paid for employee compensation increased by 58.03% compared to the same period in 2017, primarily due to an increase in personnel in the cosmetics business[21]. - For the first nine months of 2018, cash received from financing activities increased by 303.13% compared to the same period in 2017, mainly due to private placements and bond issuances[22]. Assets and Liabilities - Total assets increased by 30.80% to CNY 6,095,729,830.59 compared to the end of the previous year[8]. - Accounts receivable increased by 40.81% compared to December 31, 2017, due to increased main business income[16]. - Prepayments rose by 153.57% as a result of new brand additions and advance payments for cosmetics[16]. - Inventory increased by 42.19% due to new agency brands and preparations for the sales peak season[16]. - Long-term equity investments surged by 406.17% due to external equity investments made during the period[16]. - Deferred tax assets increased by 54.77% due to higher provisions for bad debts and impairment[16]. - As of September 30, 2018, accounts payable increased by 35.59% compared to December 31, 2017, primarily due to increased procurement during the peak season[17]. - As of September 30, 2018, advance receipts increased by 155.28% compared to December 31, 2017, mainly due to advance payments for cosmetics[17]. - As of September 30, 2018, the fair value of available-for-sale financial assets increased by 227.50% compared to the same period in 2017, due to increased fluctuations in fair value[20]. Financial Management and Communication - The company reported a total of 18,400 million in entrusted financial management from self-owned funds, with an outstanding balance of 2,800 million[31]. - There were no overdue amounts that were unrecovered, indicating a strong financial management performance[31]. - The company engaged in multiple communication activities throughout 2018, focusing on operational conditions and annual report data[31]. - The company has not encountered any situations where the expected recovery of principal is at risk, reflecting a stable financial outlook[31]. - The company participated in an online investor reception event, enhancing communication with stakeholders[32]. - The company’s chairman, Chen Suobin, emphasized the importance of maintaining operational transparency during investor interactions[33].