步步高(002251) - 2025 Q3 - 季度财报

Revenue and Profit - The company's revenue for Q3 2025 reached ¥1,064,997,186.02, representing a 30.74% increase compared to the same period last year[5] - The company’s revenue for the first nine months of 2025 was ¥3,194,068,836.32, up 26.48% year-on-year, attributed to improved store operations and sales growth[9] - Total operating revenue increased to ¥3,200,556,837.07, up from ¥2,530,990,987.09, representing a growth of approximately 26.4% year-over-year[27] - Net profit attributable to shareholders decreased by 98.81% to ¥24,869,746.92, while the net profit after deducting non-recurring gains and losses showed a loss of ¥39,488,061.79, a decrease of 82.61%[5] - Net profit for the period was ¥237,633,617.16, a significant decrease from ¥2,029,210,854.29 in the previous period, reflecting a decline of about 88.3%[27] - The net profit attributable to shareholders decreased by 88.83% to ¥225,532,179.86 from ¥2,019,539,587.70, primarily due to a significant reduction in restructuring gains compared to the previous year[14] Cash Flow - Operating cash flow for the period was ¥399,436,105.78, reflecting a significant increase of 260.89% year-on-year[10] - Net cash flow from operating activities improved by 260.89% to ¥399,436,105.78, compared to a negative cash flow of ¥248,265,565.55 in the same period of 2024[16] - Cash inflow from operating activities reached ¥4,806,889,972.41, compared to ¥3,921,852,509.83 in the previous period, marking an increase of approximately 22.5%[29] - Cash flow from investing activities decreased by 15.94% to -¥214,316,127.98, reflecting increased expenditures on store renovations and small loan disbursements[16] - Cash flow from financing activities showed a significant decline of 123.98% to -¥287,899,211.22, compared to a positive cash flow of ¥1,200,578,086.97 in the previous year due to large restructuring investments received[16] Assets and Liabilities - The total assets as of September 30, 2025, were ¥22,007,160,366.34, a slight decrease of 0.55% from the end of the previous year[5] - As of September 30, 2025, the total assets of the company amounted to ¥22,007,160,366.34, a decrease from ¥22,129,133,901.52 at the beginning of the period[24] - Total liabilities decreased to ¥13,439,610,108.11 from ¥13,910,956,215.84, a reduction of approximately 3.4%[26] - The company's current assets totaled ¥1,939,168,996.77, down from ¥1,970,095,952.45 at the beginning of the period, reflecting a decrease of approximately 1.57%[24] - The company's total equity attributable to shareholders rose to ¥8,207,048,932.15 from ¥7,869,179,872.68, an increase of about 4.3%[26] Expenses - Operating costs for the first nine months of 2025 reached ¥2,072,760,387.16, an increase of 30.86% compared to ¥1,583,967,309.64 in the same period of 2024, primarily due to improved store operations and supply chain efficiency[14] - Management expenses decreased by 31.28% to ¥136,701,624.92 from ¥198,922,674.70, mainly due to significant restructuring costs incurred in the previous year[14] - Research and development expenses fell by 34.97% to ¥10,983,259.66 from ¥16,890,218.01, attributed to reduced depreciation of R&D equipment[14] - Financial expenses increased by 52.65% to ¥198,291,127.19 from ¥129,899,128.52, primarily due to interest accruals on loans that were not required in the previous year[14] Shareholder Information - The company’s total equity structure changed with the release of 561,491,238 shares, accounting for 20.88% of the total share capital[20] - As of September 30, 2025, the company had a total of 2,688,699,689 shares, with 2,152,472,119 shares being freely tradable, representing 80.06% of the total[20] - The company plans to lift restrictions on shares held by financial investors, with the last batch of restricted shares released on September 30, 2025[20] Other Financial Metrics - The weighted average return on equity for the first nine months was 2.81%, down 45.77% compared to the same period last year[9] - Other income surged by 158.95% to ¥4,446,297.77 from ¥1,717,065.87, mainly driven by increased government subsidies[14] - Investment income plummeted by 90.01% to ¥242,472,405.26 from ¥2,427,242,629.71, due to the absence of significant restructuring gains recorded in the previous year[14] - The total comprehensive income for the period was ¥235,868,149.98, down from ¥1,989,827,099.66, reflecting a decline of about 88.2%[28] Accounting and Auditing - The company did not undergo an audit for the third quarter financial report[31] - The new accounting standards will be first implemented starting in 2025[32]