ST摩登(002656) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 126,705,824.55, down 18.03% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 7,823,327.25, a decline of 167.24% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 7,796,411.31, down 186.12% year-on-year[8] - Basic earnings per share were -CNY 0.04, a decrease of 166.67% compared to the same period last year[8] - The estimated net profit attributable to shareholders for 2014 is expected to be between 14.93 million and 44.80 million RMB, representing a decrease of 70.00% to 90.00% compared to 2013[44] - The net profit for 2013 was 149.32 million RMB[44] - The decline in performance is attributed to a persistently sluggish retail market and increased expenses from both new and existing businesses[44] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 20,113,518.20, an increase of 75.45% compared to the beginning of the year[8] - The net cash flow from operating activities increased by 75.45% compared to the same period last year, mainly due to an increase in cash received from sales and a decrease in taxes paid[38] - The net cash flow from investing activities increased by 65.93% compared to the same period last year, primarily due to a decrease in expenditures for purchasing operating properties[39] - The net cash flow from financing activities decreased by 156.99% compared to the same period last year, mainly due to an increase in cash paid for repaying bank loans and a decrease in cash received from investments[40] Assets and Liabilities - Total assets at the end of the reporting period decreased by 7.14% to CNY 1,977,672,056.27 compared to the previous year[8] - Other current assets increased by 49.79% compared to the end of the previous year, mainly due to the increase in deductible VAT input[22] - Construction in progress grew by 46.11% compared to the end of the previous year, primarily due to the increase in the construction of high-end boutique stores in Hengyang and the Guangzhou International Fashion Center project[23] - Long-term prepaid expenses decreased by 35.62% compared to the end of the previous year, mainly due to the slowdown in the opening of new stores and the amortization of renovation costs for old stores[24] - Short-term borrowings decreased by 42.92% compared to the end of the previous year, primarily due to the repayment of maturing short-term borrowings[25] - Deferred income tax liabilities increased by 34.06% compared to the end of the previous year, mainly due to temporary tax differences arising from undistributed profits of overseas subsidiaries[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,203[13] Receivables and Prepayments - Prepaid accounts increased by 69.17% compared to the previous year, mainly due to increased deposits for autumn and winter merchandise[19] - Other receivables grew by 62.38% year-on-year, attributed to increased deposits for direct stores and renovation guarantees[21] - Prepayments increased by 38.75% compared to the end of the previous year, mainly due to the increase in orders received from franchisees[28] Financial Expenses - Financial expenses increased by 4,588.57% compared to the same period last year, due to reduced interest income from idle funds and increased interest expenses from bank borrowings[34] Government Subsidies - The company received government subsidies totaling CNY 4,110,064.58 during the reporting period[10]