茂业商业(600828) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥560,572,237.04, representing a year-on-year increase of 1.55%[5] - The total profit for the quarter was ¥5,572,845.45, with a year-to-date profit of ¥46,729,782.50, reflecting a decrease of 75.05% compared to the previous year[5] - The net profit attributable to shareholders for the quarter was ¥7,141,824.59, showing a significant increase of 300.79% year-on-year, while the year-to-date figure decreased by 72.88% to ¥41,731,591.44[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the quarter was ¥4,487,229.62, up 125.39% year-on-year, with a year-to-date decrease of 67.55%[5] - The basic earnings per share for the quarter was ¥0.0041, an increase of 310.00% year-on-year, while the year-to-date figure decreased by 72.86% to ¥0.0241[6] - The net profit for the first three quarters of 2025 is CNY 33,145,133.05, a decrease of 78.9% compared to CNY 156,966,367.37 in the same period of 2024[32] - The total revenue from operating activities for the first three quarters of 2025 is CNY 3,363,574,692.13, down 22.1% from CNY 4,318,367,165.52 in the previous year[36] - The total operating profit for the first three quarters of 2025 is CNY 47,503,634.25, down 74.7% from CNY 187,986,517.69 in the same period of 2024[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,089,807,907.64, a decrease of 3.25% compared to the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥7,030,255,958.69, reflecting an increase of 0.78% compared to the end of the previous year[6] - As of September 30, 2025, the company's total current assets amounted to RMB 2,045,921,358.69, a slight decrease from RMB 2,053,893,062.15 on December 31, 2024[25] - The company's total liabilities as of September 30, 2025, were RMB 10,532,092,471.52, down from RMB 11,186,063,838.18 at the end of 2024[27] - The company’s non-current assets totaled RMB 16,043,886,548.95 as of September 30, 2025, down from RMB 16,643,982,680.51 at the end of 2024[26] - The company’s total equity as of September 30, 2025, was RMB 7,557,715,436.12, slightly up from RMB 7,511,811,904.48 at the end of 2024[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥245,029,853.16, down 69.23% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 245,029,853.16, a decline of 69.1% compared to CNY 796,373,503.57 in the same period of 2024[37] - The company’s cash and cash equivalents as of September 30, 2025, were RMB 207,123,150.61, compared to RMB 246,530,768.21 at the end of 2024, reflecting a decrease of approximately 16%[25] - The cash and cash equivalents at the end of the third quarter of 2025 amount to CNY 176,542,672.84, compared to CNY 162,537,862.23 at the end of the same period in 2024[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,264[13] - Shenzhen Maoye Commercial Co., Ltd. holds 1,401,135,188 shares, accounting for 80.90% of the total shares[14] Financing Activities - The company plans to apply for a loan of RMB 48 million from Industrial and Commercial Bank of China, with a term of 12 months, secured by a property of 7,733 square meters[15] - The company intends to apply for a comprehensive credit limit of RMB 120 million from Shanghai Pudong Development Bank, with a term of 24 months, secured by commercial properties totaling 18,766.37 square meters[16] - The company plans to borrow up to RMB 140 million from its controlling shareholder, with a term of 3 years, without any collateral or guarantees[17] - The company intends to apply for a comprehensive credit limit of RMB 300 million from China Minsheng Bank, secured by a property of 38,002.71 square meters[18] - The company plans to apply for a comprehensive credit limit of RMB 200 million from Guangfa Bank, with the loan secured by a commercial property of 38,470.86 square meters[19] - The company plans to apply for a working capital loan of RMB 100 million from Ordos Bank, with a term not exceeding one year, secured by commercial properties totaling 40,064.84 square meters[20] Management Strategy - The company emphasized its strategy of optimizing management and improving quality and efficiency, which contributed to the revenue growth despite the overall decline in profit[10] Audit and Compliance - The company has approved the renewal of the accounting firm for the 2025 financial year, continuing with Xinyong Zhonghe for financial and internal control audits[21] Other Financial Metrics - The company reported a total comprehensive income of CNY 30,476,164.18 for the first three quarters of 2025, significantly lower than CNY 175,387,549.61 in the previous year[32] - The basic and diluted earnings per share for the first three quarters of 2025 are CNY 0.0241, down 72.8% from CNY 0.0888 in the same period of 2024[32] - The company incurred financial expenses of CNY 212,037,506.21 in the first three quarters of 2025, a decrease of 16.3% from CNY 253,235,411.05 in the previous year[32] - The company reported a tax expense of CNY 13,584,649.45 for the first three quarters of 2025, a decrease of 55.3% compared to CNY 30,340,443.23 in the previous year[32]