Peacebird(SH:603877)2025-10-23 09:55Financial Performance - The company's revenue for Q3 2025 was CNY 1,318,629,178.74, representing a decrease of 5.54% compared to the same period last year[8]. - The total profit for the year-to-date period was CNY -68,655,835.01, a decline of 73.69% year-on-year[8]. - The net profit attributable to shareholders for the year-to-date period was CNY -49,452,610.99, down 73.79% compared to the previous year[8]. - Basic earnings per share for the year-to-date period decreased by 73.91% to CNY -0.10[9]. - Total operating revenue for the first three quarters of 2025 was CNY 4,216,994,348.86, a decrease of 7.1% compared to CNY 4,541,599,747.01 in the same period of 2024[25]. - Operating profit for the first three quarters of 2025 was CNY 35,088,551.83, a significant decline of 75.6% from CNY 144,128,559.86 in 2024[26]. - Net profit for the first three quarters of 2025 was CNY 26,932,924.50, down 74.7% from CNY 106,653,912.86 in the same period of 2024[26]. - Earnings per share for the first three quarters of 2025 were CNY 0.06, compared to CNY 0.23 in 2024, indicating a decrease of 73.9%[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,568,658,186.40, a decrease of 10.16% from the end of the previous year[9]. - Total assets decreased to CNY 7,568,658,186.40 in 2025 from CNY 8,424,478,406.26 in 2024, a decline of 10.2%[23]. - Total liabilities decreased to CNY 3,225,651,852.78 in 2025 from CNY 3,912,232,754.86 in 2024, a reduction of 17.5%[23]. - Non-current liabilities totaled CNY 1,359,857,488.14 in 2025, down from CNY 1,443,312,437.18 in 2024, reflecting a decrease of 5.8%[23]. Cash Flow - The company reported a cash flow from operating activities of CNY -74,468,440.32 for the year-to-date period[8]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $4.36 billion, compared to $4.66 billion in the same period of 2024, reflecting a decrease of about 6.5%[28]. - Net cash flow from operating activities was negative $74.47 million in 2025, compared to negative $86.31 million in 2024, showing an improvement of approximately 13.5%[28]. - Cash inflow from investment activities totaled approximately $2.89 billion in 2025, down from $3.11 billion in 2024, representing a decline of about 7.1%[29]. - Net cash flow from investment activities was negative $14.35 million in 2025, contrasting with a positive $201.62 million in 2024, indicating a significant shift in investment performance[29]. - Cash inflow from financing activities was $99.50 million in 2025, while it was $24.51 million in 2024, marking an increase of approximately 304.5%[29]. - The total cash and cash equivalents at the end of the third quarter of 2025 stood at approximately $401.85 million, compared to $470.10 million at the end of the same period in 2024, a decrease of about 14.5%[29]. - The company reported a cash outflow from operating activities totaling approximately $4.44 billion in 2025, compared to $4.74 billion in 2024, reflecting a decrease of about 6.3%[28]. - The company received approximately $2.87 billion in cash from investment recoveries in 2025, compared to $3.08 billion in 2024, indicating a decline of about 6.9%[29]. - The company paid approximately $200.30 million in dividends and interest in 2025, compared to $290.28 million in 2024, representing a decrease of about 30.9%[29]. Shareholder Information - The company has a total of 11,868 common shareholders as of the end of the reporting period[14]. - The largest shareholder, Taiping Bird Group Co., Ltd., holds 40.88% of the shares[14]. Operational Performance - The total revenue for the third quarter of 2025 reached RMB 4,155,716,252.87, a decrease of 7.57% year-over-year[19]. - The gross profit margin for the apparel operations was 58.88%, reflecting a 3.55 percentage point increase compared to the previous year[19]. - Direct sales revenue amounted to RMB 1,931,436,583.00 with a gross margin of 70.48%, while franchise sales generated RMB 1,220,016,090.27 with a gross margin of 49.31%[18]. - The total number of retail stores decreased by 264, from 3,373 at the beginning of the year to 3,109 at the end of the reporting period[20]. - The revenue from online sales was RMB 1,004,263,579.60, with a gross margin of 48.21%, showing a decrease of 16.08% year-over-year[20]. - The revenue from offline sales totaled RMB 3,151,452,673.27, with a gross margin of 62.28%, reflecting a decrease of 4.48% year-over-year[20]. - The company reported a significant decline in the profitability of its brand operations, particularly in the "other" category, which saw a gross margin decrease of 52.96 percentage points[19]. - The company has identified a need for strategic adjustments in response to the declining performance across various sales channels[19]. Cost Management - The company is focusing on cost control measures to improve profitability amid declining revenues[25]. - Total operating costs for the first three quarters of 2025 were CNY 4,171,747,926.18, down from CNY 4,457,551,426.29 in 2024, reflecting a reduction of 6.4%[25]. Accounting Standards - The company has not adopted new accounting standards for the year 2025, as indicated in the announcement[30].