Aokanginternational(SH:603001)2025-10-30 09:15Financial Performance - The company's operating revenue for Q3 2025 was ¥398,564,017.22, a decrease of 22.32% compared to the same period last year[3]. - The total profit for the period was a loss of ¥127,215,080.98, with a year-to-date total profit loss of ¥224,667,934.42[3]. - The net profit attributable to shareholders was a loss of ¥117,363,823.40 for the quarter, and a loss of ¥209,408,671.78 year-to-date[3]. - The total revenue for the company was approximately CNY 1,432,101,677.13, a decrease of 22.67% compared to the previous year[12]. - The company reported a significant decrease in profit due to a decline in sales revenue and gross margin[7]. - The total profit (loss) for the period was -224,667,934.42 RMB, compared to -127,236,705.57 RMB in the previous period, indicating a significant increase in losses[25]. - The net profit (loss) attributable to shareholders of the parent company was -209,408,671.78 RMB, worsening from -135,958,397.35 RMB year-over-year[25]. - Basic and diluted earnings per share were both -0.5222 RMB, compared to -0.3391 RMB in the previous period, reflecting a decline in profitability[26]. - The company experienced a decrease in sales revenue from 2,015,744,227.21 RMB to 1,546,866,882.55 RMB, reflecting a decline in operational performance[27]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥152,270,872.35, an increase of 168.61% compared to the previous year[3]. - Cash flow from operating activities generated a net inflow of 152,270,872.35 RMB, an increase from 56,687,804.49 RMB in the prior year[27]. - Cash flow from investing activities resulted in a net outflow of -17,414,026.90 RMB, an improvement from -77,288,565.42 RMB year-over-year[28]. - Cash flow from financing activities showed a net outflow of -112,853,493.92 RMB, compared to -230,581,630.87 RMB in the previous period, indicating reduced cash outflow[28]. - The company reported cash and cash equivalents at the end of the period amounting to 294,272,155.02 RMB, up from 132,375,166.00 RMB in the previous year[28]. - The company utilized its own funds to invest in various bank financial products, with a total investment amount of CNY 3,400,000[11]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,124,924,607.18, down 11.63% from the end of the previous year[4]. - Shareholders' equity attributable to the parent company was ¥2,378,219,513.28, a decrease of 10.21% from the previous year[4]. - Cash and cash equivalents increased to CNY 443,386,165.96 as of September 30, 2025, up from CNY 419,942,504.59 at the end of 2024[20]. - Accounts receivable decreased to CNY 766,172,028.12 as of September 30, 2025, from CNY 822,345,942.63 at the end of 2024, representing a decline of 6.8%[20]. - Inventory decreased significantly to CNY 437,210,457.25 as of September 30, 2025, down 35.1% from CNY 673,354,985.25 at the end of 2024[20]. - Total non-current assets decreased to CNY 1,281,606,420.71 as of September 30, 2025, from CNY 1,422,067,055.87 at the end of 2024[21]. - Total liabilities decreased to CNY 745,274,771.26 as of September 30, 2025, from CNY 883,574,545.34 at the end of 2024[22]. - The company's total assets were CNY 3,124,924,607.18 as of September 30, 2025, down from CNY 3,536,155,626.98 at the end of 2024[22]. - The company's retained earnings showed a significant decline, with a negative balance of CNY -118,574,516.24 as of September 30, 2025, compared to a positive balance of CNY 150,981,155.54 at the end of 2024[22]. Sales and Revenue Breakdown - The gross profit margin decreased by 5.42 percentage points to 34.74%[12]. - Online sales generated CNY 297,538,378.62, with a gross margin of 36.34%, showing an increase of 1.01 percentage points year-over-year[16]. - The company reported a significant decrease in revenue from the "Kanglong" brand, with a revenue of CNY 82,246,693.08, down 48.46% year-over-year[12]. - The revenue from export sales was CNY 1,232,938.32, which decreased by 81.71% compared to the previous year, but the gross margin increased by 5.72 percentage points[14]. - The revenue from independent stores was CNY 547,452,314.22, with a gross margin of 49.50%, down 4.18 percentage points year-over-year[14]. - The total operating revenue for the first three quarters of 2025 was CNY 1,479,171,357.91, a decrease of 21.6% compared to CNY 1,887,806,909.70 in the same period of 2024[24]. - Total operating costs for the first three quarters of 2025 were CNY 1,678,015,698.32, down 18.5% from CNY 2,059,262,479.22 in 2024[24]. - Operating profit for the first three quarters of 2025 was a loss of CNY 225,866,024.45, compared to a loss of CNY 127,522,002.36 in the same period of 2024[24]. - The total operating cost was CNY 934,650,126.29, a decrease of 15.67% compared to the previous year[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,241[10]. - The number of direct-operated stores for the brand "Aokang" decreased from 683 to 678, with 44 new openings and 49 closures during the third quarter[17]. - The company has 14 dealerships in Vietnam and 1 in Laos as of September 30, 2025[18]. Accounting Standards - The company did not apply new accounting standards for the current reporting period[29].