SJFW(SH:600616)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥159,320,067.87, a decrease of 13.73% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2023 was ¥716,837.00, down 75.19% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥132,085.08, a decline of 93.46% compared to the previous year[2] - The basic earnings per share for Q3 2023 was ¥0.0011, a decrease of 75.19% year-on-year[2] - The net profit for Q3 2023 was CNY 116,533,039.94, a significant recovery from a net loss of CNY 19,952,164.78 in the same period last year[19] - Operating profit for Q3 2023 reached CNY 157,075,358.01, compared to an operating loss of CNY 24,286,535.17 in Q3 2022[19] - Basic and diluted earnings per share for Q3 2023 were CNY 0.18, compared to a loss of CNY 0.03 per share in the same quarter last year[20] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥59,970,719.07, a significant decrease of 270.97%[2] - The cash flow from operating activities for the first nine months of 2023 was a net outflow of CNY 59,970,719.07, compared to a net inflow of CNY 35,075,926.53 in the same period last year[24] - The company's cash and cash equivalents increased to CNY 490,580,112.18 from CNY 370,906,723.64 at the end of 2022[13] - The total cash and cash equivalents at the end of Q3 2023 were CNY 284,191,675.77, compared to CNY 272,860,340.20 at the end of Q3 2022[25] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,282,230,780.13, an increase of 0.98% from the end of the previous year[2] - The total assets as of September 30, 2023, were CNY 2,282,230,780.13, compared to CNY 2,260,193,684.14 at the end of 2022[14] - The total liabilities decreased to CNY 290,907,915.09 from CNY 365,873,274.94 in the previous year[14] - The company's equity attributable to shareholders increased to CNY 2,007,261,707.30 from CNY 1,908,558,815.08 in the previous year[15] Revenue and Sales - Total revenue for the first three quarters of 2023 was CNY 360,425,650.03, a decrease of 13.5% compared to CNY 416,434,693.69 in the same period of 2022[18] - Total revenue from sales for the first nine months of 2023 was CNY 429,302,570.71, down from CNY 534,427,131.75 in the same period of 2022, representing a decrease of approximately 19.6%[23] - Sales revenue from high-end products in the first nine months of 2023 was CNY 29,659.70 million, a decline of 11.84% year-on-year[12] - Sales revenue from low-end products was CNY 10,861.25 million, down 17.91% year-on-year[12] - Direct sales (including group purchases) increased by 1.08% to CNY 9,213.99 million, while wholesale agency sales decreased by 17.69% to CNY 25,850.24 million[12] Competition and Market Conditions - The company faced intensified competition in the market, leading to a revenue decrease of ¥25.35 million in Q3 2023 compared to the same period last year[4] Compensation and Income - The company received a compensation of ¥200,165,800.00 in March 2023, which contributed to a turnaround in net profit for the year-to-date[4] - The company reported investment income of CNY 9,364,416.68 in Q3 2023, a substantial increase from CNY 1,203,598.07 in Q3 2022[19] Operating Costs and Expenses - The total operating costs for the first three quarters of 2023 were CNY 408,292,851.22, down from CNY 452,502,013.52 in 2022[18] - The total operating expenses for Q3 2023 were CNY 500,454,378.26, slightly down from CNY 513,049,600.57 in Q3 2022[24] - The company incurred research and development expenses of CNY 2,586,755.60 in Q3 2023, an increase from CNY 2,087,659.97 in Q3 2022[19] Distributor Network - The company added 38 new distributors and had a total of 818 distributors by the end of the reporting period, an increase of 28 from the end of Q2 2023[11] Return on Assets - The weighted average return on net assets for Q3 2023 was 0.04%, a decrease of 0.11 percentage points compared to the previous year[2]