ST摩登(002656) - 2016 Q3 - 季度财报

Financial Performance - Operating revenue for the period was ¥146,755,929.86, representing a 25.54% increase year-on-year[8]. - Net profit attributable to shareholders was -¥33,371,393.17, a decrease of 218.61% compared to the same period last year[8]. - The net loss for the year 2016 is projected between -10,000,000 to -7,000,000 CNY, compared to a net profit of 10,217,100 CNY in 2015[47]. - The net profit for the third quarter of 2016 was ¥26,167,095.91, a decrease of 46.0% compared to ¥48,580,964.00 in the same period last year[73]. - The total comprehensive income for the current period was -¥75,398,643.37, compared to ¥6,461,386.91 in the previous period, reflecting a substantial decline[70]. - The total comprehensive income for the third quarter was ¥26,167,095.91, reflecting a significant decline from ¥48,580,964.00 in the previous year[73]. Assets and Liabilities - Total assets increased by 20.65% to ¥3,361,351,861.96 compared to the end of the previous year[8]. - The company's current assets totaled 1,674,844,488.51 CNY, up from 1,241,995,803.74 CNY at the start of the year[53]. - Total liabilities decreased to 1,252,964,695.97 CNY from 1,431,460,604.42 CNY[55]. - The total assets at the end of the period were CNY 2,908,411,695.32, up from CNY 2,030,883,793.57 at the beginning of the period[58]. - The total liabilities were CNY 926,392,182.81, compared to CNY 926,392,182.81 in the previous period[59]. Cash Flow - Cash flow from operating activities showed a net outflow of -¥77,734,728.51, a decline of 340.48% year-to-date[8]. - Cash inflow from operating activities totaled ¥629,889,074.70, up 13.8% from ¥553,751,571.77 in the previous year[75]. - The net cash flow from operating activities was -¥77,734,728.51, worsening from -¥17,647,930.54 year-over-year[75]. - Cash flow from financing activities generated a net inflow of ¥694,092,715.61, compared to ¥411,042,247.85 in the same period last year[77]. - The company reported cash outflows from investing activities of ¥165,558,884.38, a decrease from ¥518,639,343.57 year-over-year[77]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 409,921,837[13]. - The top shareholder, Guangzhou Ruifeng Group, holds 31.03% of the shares, totaling 127,200,000 shares[13]. - The company's share capital increased by 104.96% compared to the end of the previous year, mainly due to the completion of a non-public stock issuance[24]. Investments and Growth Strategies - Modern Avenue is investing in new product development, with a budget allocation of 100 million RMB for R&D initiatives aimed at enhancing product offerings[44]. - The company is pursuing market expansion strategies, targeting new regions in Southeast Asia, with plans to open 50 new retail locations by the end of 2017[43]. - A strategic acquisition was announced, with Modern Avenue acquiring a local fashion brand for 200 million RMB to enhance its market presence and product diversity[45]. Operational Costs and Expenses - Operating costs increased significantly to ¥41,032,904.64, up from ¥24,177,895.10, indicating a rise of approximately 70%[64]. - Financial expenses increased by 211.12% year-on-year, mainly due to higher interest expenses and foreign exchange losses[25]. - The total operating costs amounted to CNY 194,383,458.10, compared to CNY 133,531,590.73 in the prior period[62]. Future Outlook - For the upcoming quarter, the company provided guidance indicating expected revenue growth of 20% to 25%, projecting revenues between 1.44 billion RMB and 1.5 billion RMB[45]. - The company plans to focus on market expansion and new product development to improve future performance[66].