百盛集团(03368) - 2025 Q3 - 季度业绩

Revenue Performance - For the third quarter of 2025, the total operating revenue decreased by 1.4% year-on-year to RMB 823.9 million, while the total operating revenue for the nine months ended September 30, 2025, increased by 0.2% to RMB 2,786.7 million[4]. - The total sales revenue (including VAT) for the third quarter was RMB 1,634.8 million, and for the nine months, it was RMB 5,790.1 million, reflecting declines of 9.8% and 11.0% year-on-year, respectively[9]. - Total revenue for the nine months ended September 30, 2025, increased by 0.2% to RMB 2,786.7 million compared to the same period last year[10]. - The total sales amount for 2025 was RMB 4,117.9 million, a decrease of 16.6% compared to RMB 4,935.9 million in 2024[10]. - Revenue from customer contracts accounted for 59.3% of total operating revenue, a decrease of RMB 205.9 million compared to the same period last year[11]. Sales Performance - Same-store sales declined by 13.8% in the third quarter of 2025 and decreased by 17.2% for the nine months ended September 30, 2025[4]. - The sales from franchised counters in 2025 were RMB 2,873.3 million, accounting for 69.8% of total sales, down from 72.1% in 2024[10]. - Direct sales for 2025 were RMB 1,244.6 million, representing 30.2% of total sales, compared to 27.9% in 2024[10]. Profitability - Operating profit for the third quarter was RMB 117.6 million, and for the nine months, it was RMB 375.2 million, representing an increase of 32.4% compared to RMB 283.4 million in the same period last year[4]. - The profit attributable to the owners of the company for the nine months ended September 30, 2025, was RMB 23.4 million, compared to a loss of RMB 29.3 million in the same period last year[4]. - The profit attributable to the owners of the company for the third quarter of 2025 was RMB 0.9 million, and for the nine months ended September 30, 2025, it was RMB 23.4 million[14]. - The increase in operating profit was primarily due to increased other income from lease modifications and terminations, offset by a decrease in self-operated sales and franchised counter commissions[10]. Cash Flow and Assets - Cash flow from operating activities for the nine months ended September 30, 2025, was RMB 331.1 million[8]. - Non-current assets as of September 30, 2025, totaled RMB 8,220.5 million, down from RMB 8,500.3 million as of December 31, 2024[6]. - Current liabilities as of September 30, 2025, were RMB 2,481.0 million, compared to RMB 2,538.9 million as of December 31, 2024[7]. - The net cash and cash equivalents at the end of the period were RMB 1,452.2 million, down from RMB 1,530.5 million at the beginning of the period[8]. - The company reported a net decrease in cash and cash equivalents of RMB 78.3 million for the nine months ended September 30, 2025[8]. Operational Overview - The group operates 41 stores across 25 cities in China and Laos, including department stores, shopping plazas, and supermarkets[14]. - Total operating expenses for the nine months ended September 30, 2025, recorded RMB 1,326.2 million, a decrease of 1.8% from RMB 1,303.2 million in the previous year[12].