Financial Performance - For the third quarter of 2022, the total operating revenue decreased by 10.5% to RMB 932.2 million compared to the same period last year[3]. - Same-store sales declined by 11.7% in the third quarter of 2022, and for the nine months ended September 30, 2022, same-store sales decreased by 18.3%[3]. - Operating profit for the third quarter of 2022 was RMB 29.9 million, a significant drop of 89.4% compared to RMB 62.0 million in the same quarter last year[3]. - The company reported a loss attributable to owners of the company of RMB 266.6 million for the nine months ended September 30, 2022, compared to a loss of RMB 42.9 million in the previous year[3]. - The total sales revenue for Q3 2022 was RMB 2,263.5 million, a decrease of 12.0% year-over-year, while the total sales revenue for the nine months ended September 30, 2022, was RMB 7,265.9 million, down 17.7% compared to the previous year[27]. - Operating profit for Q3 2022 was RMB 29.9 million, and for the nine months ended September 30, 2022, it decreased by 89.4% to RMB 32.7 million, primarily due to a decline in revenue[31]. - The company reported a loss attributable to owners of RMB 69.0 million for Q3 2022 and RMB 266.6 million for the nine months ended September 30, 2022, impacted by challenges from the pandemic and macroeconomic fluctuations[33]. - Total operating expenses for the nine months ended September 30, 2022, were RMB 1,439.1 million, a slight decrease of 0.4% compared to RMB 1,444.3 million in the same period last year[30]. Revenue Sources - Revenue from customer contracts accounted for 76.9% of total operating profit, including self-operated sales, commission from licensed counters, and consulting and management service fees[27]. - The total sales from licensed counters for the nine months ended September 30, 2022, was RMB 4,137.8 million, representing 71.0% of total sales, while direct sales accounted for RMB 1,685.9 million or 29.0%[29]. Cash Flow and Assets - The net cash flow from operating activities for the nine months ended September 30, 2022, was RMB 295.3 million[15]. - The net cash flow from investing activities for the same period was RMB 680.2 million[16]. - The cash and cash equivalents at the end of the period increased to RMB 1,676.9 million from RMB 925.2 million at the beginning of the period[20]. - Non-current assets as of September 30, 2022, totaled RMB 8,789.0 million, down from RMB 9,436.6 million as of December 31, 2021[7]. - Total liabilities as of September 30, 2022, were RMB 5,538.9 million, compared to RMB 3,633.3 million as of December 31, 2021[12]. Business Operations - The company operates 40 department stores across 28 cities in China, including concept stores like "Parkson Beauty" and various other retail formats[33]. - The decline in operating profit was mainly attributed to the decrease in revenue from customer contracts[31]. - The company experienced a significant drop in both sales and operating profit due to the ongoing challenges posed by the pandemic and economic uncertainties[33].
百盛集团(03368) - 2022 Q3 - 季度财报