MAOYE COMMERCIAL(SH:600828)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥885,357,140.52, a decrease of 1.05% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥44,287,603.39, down 47.52% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥44,074,657.55, a decrease of 44.28% compared to the same period last year[7]. - The basic earnings per share for Q3 2021 was ¥0.0256, reflecting a decline of 47.43% year-on-year[10]. - The diluted earnings per share for Q3 2021 was also ¥0.0256, down 47.43% from the previous year[10]. - The weighted average return on equity for Q3 2021 was 0.68%, a decrease of 48.09 percentage points compared to the same period last year[10]. - Total operating revenue for the first three quarters of 2021 reached ¥3,099,666,437.16, an increase of 23.9% compared to ¥2,500,263,537.93 in the same period of 2020[36]. - Net profit for the third quarter of 2021 was ¥372,024,549.62, representing a 10.7% increase from ¥336,060,664.97 in the same quarter of 2020[39]. - Earnings per share for the third quarter of 2021 was ¥0.2086, compared to ¥0.1881 in the same period last year, reflecting a growth of 8.9%[43]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥20,802,190,498.67, an increase of 8.08% from the end of the previous year[10]. - The company's current assets decreased to RMB 2,275,308,594.86 from RMB 2,660,362,318.01, representing a decline of about 14.48%[30]. - The company's total liabilities as of September 30, 2021, were RMB 9,430,868,953.49, compared to RMB 10,278,161,747.16 as of December 31, 2020, showing a decrease of approximately 8.25%[34]. - Total liabilities increased to ¥13,542,817,949.51 in 2021 from ¥12,136,697,486.87 in 2020, marking an increase of 11.6%[36]. - The company's long-term borrowings increased to RMB 4,236,480,000.00 from RMB 4,099,310,000.00, representing an increase of about 3.35%[34]. - The total current liabilities amounted to 6,178,851,747.16, unchanged from the previous period[53]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥341,010,133.19, an increase of 65.98% compared to the same period last year[10]. - Cash inflow from operating activities totaled 7,439,231,153.08 CNY, an increase from 6,368,345,681.16 CNY in the same period last year, representing a growth of approximately 16.8%[45]. - Cash outflow for investing activities was 252,508,388.69 CNY, significantly lower than 1,190,264,676.73 CNY in the previous year[47]. - Net cash flow from investing activities was -132,600,312.79 CNY, an improvement from -652,351,599.73 CNY year-over-year[47]. - Cash inflow from financing activities was 2,050,532,827.41 CNY, down from 4,042,490,382.37 CNY in the previous year[47]. - Net cash flow from financing activities was -240,072,554.79 CNY, compared to -103,325,320.69 CNY in the same period last year[47]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,809[18]. - The largest shareholder, Shenzhen Maoye Commercial Co., Ltd., holds 1,401,135,188 shares, representing 80.90% of total shares[18]. - The second-largest shareholder, Shenzhen Demao Investment Enterprise (Limited Partnership), holds 45,232,397 shares, representing 2.61%[18]. - The top ten shareholders collectively hold a significant portion of shares, with the first four shareholders alone accounting for over 85%[18]. - The company has no known related party relationships among the remaining shareholders outside of the identified major shareholders[20]. - The company’s major shareholders have not participated in margin trading or securities lending activities[21]. Management and Corporate Actions - The company appointed Mr. Hu Tao as co-president, effective immediately after the board's approval[24]. - The company’s board of directors has approved the appointment of senior management to support its operational development[24]. - The company plans to sign a network promotion service contract with Maoye Shuzhi United Information Technology (Shenzhen) Co., Ltd., with an estimated service fee not exceeding RMB 10 million[24]. - The company intends to apply for a one-year comprehensive credit line of RMB 100 million from CITIC Bank Chengdu Branch, secured by commercial properties totaling 7,977.81 square meters[24]. - The company plans to invest RMB 10 million to establish a wholly-owned subsidiary, Shenzhen Maoye Innovation Service Co., Ltd., focusing on human resource management and financial consulting[30]. - The company has initiated a plan to reduce its holdings in Chongqing Pharmaceutical Holdings Co., Ltd. by up to 52,301,020 shares, which is approximately 3% of its total share capital[30]. - The company has terminated its asset securitization plan, which is not expected to have a significant impact on its normal operations[30]. Accounting Changes - The company attributed the decline in net profit to the implementation of new leasing standards, which significantly increased financial expenses[14]. - The company has implemented new leasing standards effective January 1, 2021, affecting the accounting treatment of leases[55].