LIONHEAD(SH:600539)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥109,943,917.29, representing a decrease of 5.93% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥10,417,769.17, with a significant decline of 830.97% year-to-date[5]. - The basic earnings per share for the current period was -¥0.0453, reflecting a decrease of 828.43% year-to-date[6]. - Total operating revenue for the first three quarters of 2023 was RMB 320,216,374.24, a decrease of 10.5% compared to RMB 357,805,657.54 in the same period of 2022[18]. - The net profit for the first three quarters of 2023 was a loss of RMB 18,404,891.82, compared to a profit of RMB 13,425,257.46 in the same period of 2022, reflecting a significant decline in profitability[19]. - The company's operating profit for the first three quarters of 2023 was a loss of RMB 19,583,840.39, contrasting with a profit of RMB 15,305,090.37 in 2022[18]. - The company reported a total comprehensive loss of RMB 18,404,891.82 for the first three quarters of 2023, compared to a comprehensive income of RMB 13,425,257.46 in the same period of 2022[19]. - Basic and diluted earnings per share for Q3 2023 were both -0.0743, compared to 0.0102 in Q3 2022, indicating a negative shift in earnings performance[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥598,122,411.37, down 14.72% from the end of the previous year[6]. - The company's total equity attributable to shareholders decreased by 8.28% to ¥413,133,320.70 compared to the previous year[6]. - As of September 30, 2023, the total assets of the company amounted to RMB 598,122,411.37, a decrease from RMB 701,397,204.43 at the end of 2022, reflecting a decline of approximately 14.7%[14]. - The company's total current liabilities decreased to RMB 72,000,000.00 from RMB 78,000,000.00, a reduction of approximately 7.7%[15]. - The total liabilities decreased to RMB 90,561,476.30 in Q3 2023 from RMB 112,717,056.12 in Q3 2022, showing improved financial management[18]. - The total equity attributable to shareholders decreased to RMB 413,133,320.70 in Q3 2023 from RMB 450,447,518.07 in Q3 2022, reflecting challenges in maintaining shareholder value[18]. Cash Flow - The company's cash flow from operating activities was -¥124,940,266.14 year-to-date, indicating a negative cash flow situation[6]. - In the first three quarters of 2023, the cash inflow from operating activities was CNY 411,816,572.12, a decrease of 8.5% compared to CNY 450,325,154.19 in the same period of 2022[21]. - The net cash flow from operating activities was negative at CNY -124,940,266.14, worsening from CNY -33,035,593.39 year-over-year[21]. - Cash inflow from financing activities was CNY 58,999,090.00, a decrease of 42.3% from CNY 102,327,912.92 in 2022[22]. - The net cash flow from financing activities was negative at CNY -21,685,746.85, contrasting with a positive CNY 11,678,788.70 in the previous year[22]. - The total cash and cash equivalents at the end of the period were CNY 58,500,146.09, slightly down from CNY 59,565,479.85 at the end of Q3 2022[22]. Inventory and Investments - Inventory increased by 97.09%, primarily due to the addition of new operational brands in the e-commerce sector[9]. - The company's long-term equity investments rose by 303.69%, attributed to increased investments in joint ventures[9]. - The long-term equity investment rose to RMB 18,144,741.29 from RMB 4,494,741.29, marking an increase of approximately 303.2%[15]. - The company reported a 100.13% increase in other operating expenses, mainly due to inventory write-offs and fixed asset disposals[9]. - The company experienced a 285.68% decrease in cash flow from financing activities year-to-date, primarily due to payments for subsidiary equity acquisitions and bank loan repayments[9]. Operational Insights - The company has not disclosed any new product developments or technological advancements during the reporting period[14]. - There are no significant mergers or acquisitions reported in the current quarter[14]. - The company has not provided specific future guidance or market expansion strategies in the conference call[14]. - Research and development expenses increased to RMB 607,875.87 in 2023 from RMB 40,453.00 in 2022, indicating a focus on innovation and new product development[18].