豫园股份(600655) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥9,287,362,578.08, representing an increase of 8.89% compared to the same period last year[3] - The total profit for Q3 2025 was -¥711,211,186.53, a decrease of 2,374.23% year-on-year[3] - The net profit attributable to shareholders for Q3 2025 was -¥550,567,305.61, down 3,217.64% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2025 was -¥507,399,455.38, a decrease of 121.31% year-on-year[5] - The basic earnings per share for Q3 2025 was -¥0.143, a decline of 2,960.00% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was CNY 28.40 billion, a decrease of 21.4% compared to CNY 36.10 billion in the same period of 2024[20] - Total profit for the first three quarters of 2025 was a loss of CNY 789.18 million, contrasting with a profit of CNY 1.62 billion in 2024[20] - The total comprehensive income for the current period is -840,594,396.04 RMB, while it was 780,264,205.87 RMB in the previous period[22] - The company’s total comprehensive income for the first three quarters of 2025 was CNY 422.38 million, compared to CNY 1.04 billion in 2024, indicating a decline of approximately 59.4%[32] Assets and Liabilities - The total assets at the end of Q3 2025 were ¥119,816,878,625.49, a decrease of 0.72% from the end of the previous year[5] - The total assets of Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. reached RMB 71.34 billion as of September 30, 2025, an increase from RMB 64.52 billion on December 31, 2024, representing a growth of approximately 10.4%[27] - The company's total liabilities rose to RMB 46.21 billion as of September 30, 2025, up from RMB 38.97 billion at the end of 2024, reflecting an increase of approximately 18.0%[27] - Total liabilities increased to CNY 82.56 billion from CNY 81.85 billion, indicating a rise of 0.9%[18] - Non-current liabilities totaled CNY 23.15 billion, a decrease from CNY 23.79 billion, reflecting a decline of 2.7%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,102,435,497.62, a decrease of 56.68% compared to the same period last year[5] - Cash flow from operating activities for the first three quarters of 2025 is 1,102,435,497.62 RMB, down from 2,544,658,165.76 RMB in the same period of 2024, reflecting a decrease of approximately 56.7%[24] - The net cash flow from operating activities for the first three quarters of 2025 was negative at CNY -1.86 billion, contrasting with a positive CNY 196.22 million in the same period of 2024[33] - Cash inflow from investment activities is 1,776,203,399.23 RMB, compared to 2,056,874,972.55 RMB in the previous year, showing a decline of about 13.6%[24] - The company received CNY 15.19 billion in loans during the first three quarters of 2025, a decrease from CNY 19.94 billion in the same period of 2024[33] Shareholder Information - The company’s major shareholder, Shanghai Fuxing High-Tech (Group) Co., Ltd., holds 2.10% of the shares directly, while a group of 17 companies collectively holds 61.91%[14] - The top ten shareholders collectively own 59.81% of the company’s shares, indicating a concentrated ownership structure[14] Investment and Expenses - The company reported a significant decrease in investment income from the disposal of non-core assets, impacting overall profitability[9] - The company reported a significant increase in investment income of CNY 139.96 million for the first three quarters of 2025, compared to CNY 2.15 billion in 2024[20] - The company’s R&D expenses were CNY 32.67 million, down from CNY 36.36 million in the previous year, indicating a decrease of 10.0%[20] - The financial expenses for the first three quarters of 2025 were RMB 931.42 million, compared to RMB 811.47 million in the same period of 2024, representing an increase of about 14.8%[30] Current Assets - As of September 30, 2025, the total current assets amounted to approximately CNY 70.36 billion, a slight decrease from CNY 70.72 billion at the end of 2024[16] - The cash and cash equivalents were reported at CNY 10.26 billion, down from CNY 10.69 billion in the previous year[16] - The accounts receivable increased to CNY 3.21 billion, compared to CNY 2.66 billion at the end of 2024, reflecting a growth of approximately 20.5%[16] - The inventory stood at CNY 36.55 billion, showing a decrease from CNY 36.96 billion year-over-year[16] - The total current assets increased to RMB 35.38 billion as of September 30, 2025, compared to RMB 29.39 billion at the end of 2024, marking an increase of about 20.5%[27] - The cash and cash equivalents increased to RMB 1.49 billion as of September 30, 2025, from RMB 1.20 billion at the end of 2024, showing a growth of approximately 24.1%[27] Operating Costs - Total operating costs for the first three quarters of 2025 were CNY 29.53 billion, down from CNY 36.93 billion in 2024, reflecting a reduction of 20.0%[20] - The company paid 25,416,083,271.97 RMB for purchasing goods and services, down from 33,659,633,776.82 RMB in the previous year, indicating a decrease of approximately 24.5%[24]