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贝因美(002570) - 2017 Q3 - 季度财报(更新)
BeingmateBeingmate(SZ:002570)2017-10-29 23:49

Financial Performance - Operating revenue for the reporting period was CNY 721,698,793.69, an increase of 53.83% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 15,107,563.54, a decline of 92.24% compared to the same period last year[8] - Basic earnings per share were CNY -0.01, a decrease of 94.74% compared to the same period last year[8] - Operating profit increased by 42.3% compared to the same period last year, with an absolute increase of 262.24 million yuan, driven by increased operating income and reduced sales expenses[20] - Total profit increased by 44.11% compared to the same period last year, with an absolute increase of 282.29 million yuan, attributed to higher operating income and lower sales expenses[21] - Net profit for Q3 2017 was a loss of CNY 16,251,961.29, compared to a loss of CNY 217,197,940.87 in the previous year, indicating an improvement[48] - The company's operating revenue for the current period reached ¥608.38 million, a significant increase from ¥380.30 million in the previous period, representing a growth of approximately 60%[51] - Operating profit for the current period was reported at -¥36.59 million, an improvement compared to -¥121.08 million in the previous period, indicating a reduction in losses by about 69.8%[51] - The net profit for the current period was -¥36.43 million, compared to -¥107.65 million in the previous period, reflecting a decrease in losses by approximately 66.1%[52] - The total profit for the current period was -¥357.67 million, an improvement from -¥619.91 million in the previous period, indicating a reduction in losses by about 42.3%[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,685,465,153.71, a decrease of 5.35% compared to the end of the previous year[8] - Total current assets as of September 30, 2017, amounted to ¥2,941,992,809.82, down from ¥3,238,200,459.33 at the beginning of the period[39] - Total liabilities as of September 30, 2017, were ¥3,157,649,848.07, compared to ¥3,099,676,981.03 at the beginning of the period[41] - The company's total assets increased to CNY 5,539,820,225.38 from CNY 5,320,722,042.27, representing a growth of 4.1%[45] - Total liabilities increased to CNY 2,742,223,814.36 from CNY 2,486,699,743.47, which is an increase of 10.3%[45] Cash Flow - Net cash flow from operating activities was CNY 79,720,544.68, an increase of 120.61% year-on-year[8] - Net cash flow from operating activities increased by 75.93% compared to the same period last year, with an absolute increase of 465.23 million yuan, mainly due to reduced tax payments and cash expenses[22] - Cash flow from investment activities decreased by 48.58% compared to the same period last year, with an absolute decrease of 317.46 million yuan, primarily due to a reduction in the recovery of time deposits and financial products[24] - Cash flow from financing activities increased by 108.33% compared to the same period last year, with an absolute increase of 835.14 million yuan, mainly due to increased repayment of bank loans[26] - The net cash flow from operating activities was -147,455,775.29, an improvement from -612,681,208.08 in the previous period, indicating a significant reduction in losses[62] - Cash inflow from operating activities totaled 2,249,385,511.79, down from 2,368,662,006.65, reflecting a decrease of approximately 5.02%[62] - Cash outflow from operating activities decreased to 2,396,841,287.08 from 2,981,343,214.73, a reduction of about 19.5%[62] - The net cash flow from investment activities was 190,923,979.01, compared to -47,943,555.21 in the previous period, showing a positive turnaround[62] - Cash inflow from financing activities was 1,376,116,030.56, down from 1,670,011,016.64, a decrease of approximately 17.6%[63] - The net cash flow from financing activities was -229,925,756.03, a decline from 899,105,903.45 in the previous period, indicating a shift towards cash outflows[63] Shareholder Information - The number of total shareholders at the end of the reporting period was 77,624[11] - The largest shareholder, Beiyinmei Group Co., Ltd., held 34.12% of shares, amounting to 348,852,890 shares[11] - The company plans to repurchase up to 2% of its total issued shares within six months starting from May 3, 2017, with 10,769,396 shares already repurchased by September 30, 2017[28] - The company has committed to strict compliance with various promises made to shareholders, including avoiding competition and reducing related party transactions[30] Operational Changes - Prepayments increased by 305.27% to CNY 62,394,200.00, indicating a significant rise in advance payments received[17] - Other receivables decreased by 55.4% to CNY 30,365,900.00, primarily due to the recovery of performance compensation[17] - Deferred revenue increased by 49.21% compared to the beginning of the period, with an absolute increase of 26.16 million yuan, mainly due to the increase in government subsidies related to assets[18] - Other comprehensive income increased by 89.04% compared to the beginning of the period, with an absolute increase of 6.05 million yuan, primarily due to the increase in foreign currency translation differences[18] - Undistributed profits decreased by 89.18% compared to the beginning of the period, with an absolute decrease of 383.27 million yuan, mainly due to sales volume being significantly below the breakeven point, resulting in substantial losses[18] - The company has initiated a plan to dispose of idle non-operating assets to improve operational conditions[32] - The company aims to achieve a break-even point to avoid being classified as ST (special treatment) due to losses[32] Inventory and Receivables - Accounts receivable decreased from ¥1,166,320,568.35 to ¥1,108,589,160.76[39] - Inventory increased from ¥644,130,247.34 to ¥812,724,807.62, indicating a rise in stock levels[39] - The total operating costs decreased to CNY 718,835,816.13 from CNY 748,020,189.31, reflecting a reduction of 3.1%[47] - Sales expenses increased to ¥237.93 million from ¥219.67 million, which is an increase of approximately 8.3%[51] - The company reported an asset impairment loss of -¥35.37 million, compared to -¥21.07 million in the previous period, indicating a worsening in asset valuation[51]