XHCG(SH:600785)2025-10-29 10:30Financial Performance - The company's operating revenue for the third quarter was CNY 1,452,211,739.54, a decrease of 1.40% compared to the same period last year[5]. - The total profit for the quarter was CNY 16,068,477.05, down 15.56% year-on-year[5]. - The net profit attributable to shareholders was CNY 21,505,496.84, an increase of 3.94% compared to the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY 22,379,632.07, up 34.11% year-on-year, mainly due to the absence of one-time store closure costs[10]. - The net profit for the first three quarters of 2025 is CNY 88,793,572.03, a slight decrease from CNY 90,941,554.67 in the same period of 2024, representing a decline of approximately 2.5%[21]. - The total profit for the first three quarters of 2025 is CNY 132,100,301.24, compared to CNY 118,593,207.66 in 2024, indicating an increase of about 11.4%[21]. - The operating profit for the first three quarters of 2025 is CNY 137,552,156.61, up from CNY 129,486,167.76 in 2024, reflecting a growth of approximately 6.5%[21]. - The total comprehensive income for the first three quarters of 2025 is CNY 88,793,572.03, compared to CNY 90,941,554.67 in 2024, showing a decrease of about 2.5%[22]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 972,374,087.25, an increase of 59.47% compared to the previous year[6]. - The cash flow from operating activities for the first three quarters of 2025 is CNY 972,374,087.25, an increase from CNY 609,744,218.35 in 2024, showing a growth of about 59.5%[25]. - The cash flow from investing activities for the first three quarters of 2025 is negative at CNY -408,574,430.95, compared to CNY -257,689,352.37 in 2024, indicating a deeper cash outflow[25]. - The cash flow from financing activities for the first three quarters of 2025 is negative at CNY -491,127,776.57, slightly worse than CNY -450,707,815.56 in 2024[27]. - Cash and cash equivalents as of September 30, 2025, were approximately RMB 513.50 million, an increase from RMB 428.48 million at the end of 2024[16]. - The total cash and cash equivalents at the end of the third quarter of 2025 is CNY 411,769,477.50, an increase from CNY 290,880,089.75 at the end of the third quarter of 2024[27]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,476,673,749.61, reflecting a 1.77% increase from the end of the previous year[6]. - Total assets as of September 30, 2025, amounted to approximately RMB 8.48 billion, compared to RMB 8.33 billion at the end of 2024, reflecting a growth of 1.7%[17]. - Total liabilities as of September 30, 2025, were approximately RMB 6.45 billion, an increase from RMB 6.34 billion at the end of 2024[18]. - Shareholders' equity as of September 30, 2025, was approximately RMB 2.03 billion, up from RMB 1.99 billion at the end of 2024[18]. - The company reported a decrease in inventory, which stood at approximately RMB 545.79 million as of September 30, 2025, down from RMB 756.24 million at the end of 2024[16]. Shareholder Information - The company had a total of 21,674 common shareholders at the end of the reporting period[12]. - The largest shareholder, Wumart Technology Group Co., Ltd., held 36.15% of the shares[12]. - There were no changes in the major shareholders or their shareholding structure during the reporting period[14]. Tax and Expenses - The tax expenses for the first three quarters of 2025 amount to CNY 43,306,729.21, significantly higher than CNY 27,651,652.99 in 2024, representing an increase of approximately 56.5%[21]. - Total operating costs for the first three quarters of 2025 were approximately RMB 4.60 billion, down 1.2% from RMB 4.65 billion in the first three quarters of 2024[20]. - Operating costs included RMB 3.52 billion in operating expenses, which increased by 0.7% from RMB 3.50 billion in the previous year[20]. - The company reported a total of CNY 874,135.23 in non-recurring losses for the quarter[9]. Product Development and Strategy - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[15]. - The weighted average return on equity was 0.94%, a decrease of 0.24 percentage points compared to the previous year[6].