MAOYE COMMERCIAL(SH:600828)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥608,356,643.73, a decrease of 31.29% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥62,798,689.38, representing a decline of 241.80% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥62,859,850.51, down 242.62% from the previous year[7]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.0363, a decrease of 241.96% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was CNY 2,302,481,073.92, down from CNY 3,099,666,437.16 in the same period of 2021, representing a decrease of approximately 25.7%[33]. - Net profit for the third quarter of 2022 was CNY 72,413,517.44, significantly lower than CNY 372,024,549.62 in the same quarter of 2021, indicating a decline of approximately 80.5%[36]. - The total comprehensive income for the third quarter of 2022 is CNY 98,557,166.84, a decrease from CNY 334,293,476.94 in the same quarter of 2021, representing a decline of approximately 70.5%[38]. - The total comprehensive income attributable to the parent company for the first three quarters of 2022 is CNY 104,518,147.79, a decrease from CNY 324,121,189.68 in the same period of 2021, representing a decline of approximately 67.7%[38]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥20,258,441,187.10, reflecting a decrease of 5.21% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥6,910,390,090.79, down 2.19% from the previous year[9]. - The total liabilities as of the end of the reporting period amounted to CNY 12,797,032,369.48, down from CNY 13,750,467,837.51 in the previous period, a reduction of about 6.9%[33]. - The total assets were reported at CNY 20,258,441,187.10, down from CNY 21,372,519,370.18, reflecting a decrease of about 5.2%[33]. - The total non-current assets decreased to RMB 18,138,244,683.02 from RMB 18,617,144,549.80[28]. - The total equity attributable to shareholders of the parent company was CNY 6,910,390,090.79, a decrease from CNY 7,065,071,824.89, representing a decline of approximately 2.2%[33]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥387,347,830.40, an increase of 13.59% compared to the same period last year[7]. - The net cash flow generated from operating activities for the first three quarters of 2022 is CNY 387,347,830.40, compared to CNY 341,010,133.19 in the same period of 2021, indicating an increase of about 13.6%[41]. - The total cash inflow from operating activities for the first three quarters of 2022 is CNY 5,616,531,717.55, down from CNY 7,439,231,153.08 in 2021, reflecting a decrease of approximately 24.6%[41]. - The total cash outflow from operating activities for the first three quarters of 2022 is CNY 5,229,183,887.15, compared to CNY 7,098,221,019.89 in 2021, reflecting a decrease of approximately 26.4%[41]. - The cash and cash equivalents at the end of the third quarter of 2022 amount to CNY 244,354,123.74, down from CNY 438,356,051.26 at the end of the same period in 2021, a decrease of approximately 44.3%[42]. Operational Challenges - The company faced challenges due to the impact of high temperatures and power restrictions in the Sichuan-Chongqing region, as well as sporadic COVID-19 outbreaks affecting store operations[15]. - The main store in Chengdu is undergoing demolition and reconstruction, with plans for a large shopping center in the pipeline[15]. - The company has implemented measures to enhance operational quality and establish long-term strategic partnerships with suppliers[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,474, with the largest shareholder, Shenzhen Maoye Commercial Co., Ltd., holding 1,401,135,188 shares, representing 80.90% of the total[19]. Current Assets - As of September 30, 2022, total current assets amount to RMB 2,120,196,504.08, a decrease from RMB 2,755,374,820.38 at the end of 2021[25]. - The company's cash and cash equivalents decreased to RMB 258,254,497.10 from RMB 612,015,767.83[25]. - Accounts receivable decreased to RMB 34,253,360.42 from RMB 52,882,629.31[25]. - Inventory increased to RMB 1,097,141,956.08 from RMB 1,057,815,436.76[28]. - Short-term borrowings decreased to RMB 974,859,438.78 from RMB 1,022,673,618.84[28]. - Accounts payable decreased to RMB 1,211,647,771.69 from RMB 1,630,194,747.26[28]. Investment and Financing Activities - The net cash flow from investing activities for the first three quarters of 2022 is CNY 226,167,568.98, a significant improvement compared to a net outflow of CNY 132,600,312.79 in the same period of 2021[42]. - The net cash flow from financing activities for the first three quarters of 2022 is -CNY 973,583,762.12, worsening from -CNY 240,072,554.79 in the same period of 2021, indicating increased cash outflows[42]. - The cash inflow from investment activities in the first three quarters of 2022 is CNY 420,020,008.59, significantly higher than CNY 119,908,075.90 in the same period of 2021, indicating an increase of about 250.5%[42]. Product and Market Development - The company has not disclosed any new product or technology developments, market expansion, or mergers and acquisitions in the current reporting period[24].