茂业商业(600828) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥673,387,777.93, representing a year-on-year increase of 10.69%[6] - The net profit attributable to shareholders for the same period was ¥1,528,017.71, with a significant increase in net profit for the year-to-date period of 137.15% to ¥186,089,100.19[6] - Basic and diluted earnings per share for the year-to-date period were both ¥0.1074, marking a 137.09% increase[7] - The net profit attributable to shareholders after deducting non-recurring gains for the year-to-date period increased by 51.98% to ¥110,400,789.21[11] - The company reported a net profit of RMB 2.59 billion for the first nine months of 2023, compared to RMB 2.66 billion for the same period in 2022, reflecting a decrease of approximately 2.8%[24] - Total operating revenue for the first three quarters of 2023 reached ¥2,436,622,959.32, an increase from ¥2,302,481,073.92 in the same period of 2022, representing a growth of approximately 5.8%[25] - Net profit for the first three quarters of 2023 was ¥184,427,940.90, significantly higher than ¥72,413,517.44 in the same period of 2022, marking an increase of approximately 154.5%[26] - The company's operating profit for the first three quarters of 2023 was ¥247,301,781.72, compared to ¥91,617,590.36 in the same period of 2022, representing an increase of approximately 169.5%[26] - The total profit for the first three quarters of 2023 was ¥251,809,562.35, significantly higher than ¥89,810,906.09 in the same period of 2022, marking an increase of approximately 179.5%[26] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥669,783,056.59, reflecting a growth of 72.92% compared to the previous year[7] - The net cash flow from operating activities for Q3 2023 was $669,783,056.59, an increase of 73.2% compared to $387,347,830.40 in Q3 2022[30] - Cash inflow from operating activities totaled ¥5,229,940,901.70 in the first three quarters of 2023, down from ¥5,616,531,717.55 in the same period of 2022, a decrease of approximately 6.9%[29] - The company's cash and cash equivalents decreased to RMB 344.03 million from RMB 460.10 million, representing a decline of approximately 25.2%[22] - The ending cash and cash equivalents balance was $320,341,340.03, up from $244,354,123.74 in the previous year[30] - The company's total assets at the end of the reporting period were ¥19,831,861,948.39, a decrease of 3.29% from the end of the previous year[7] - As of September 30, 2023, the company's total assets amounted to RMB 19.83 billion, a decrease from RMB 20.51 billion at the end of 2022, reflecting a decline of approximately 3.3%[22] - The company's total liabilities as of September 30, 2023, were RMB 12.13 billion, down from RMB 12.80 billion at the end of 2022, indicating a reduction of about 5.2%[23] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 17,410[13] - The largest shareholder, Shenzhen Maoye Commercial Co., Ltd., holds 1,401,135,188 shares, accounting for 80.90% of the total shares[13] - The company reported a decrease in total equity attributable to shareholders of 0.04% to ¥7,158,771,565.22 compared to the previous year[7] - The company's total equity attributable to shareholders was RMB 7.16 billion as of September 30, 2023, slightly down from RMB 7.17 billion at the end of 2022[24] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new product development to drive future growth[11] - The management emphasized the importance of maintaining operational efficiency and cost control to enhance profitability moving forward[11] - The company plans to optimize its management structure by splitting its wholly-owned subsidiary Chengshang Group Holdings Co., Ltd. into five new wholly-owned subsidiaries[15] Financing Activities - The company has approved a loan application of up to RMB 200 million from its controlling shareholder, Shenzhen Maoye Commercial Co., Ltd., with a term of three years[16] - The company will provide a guarantee for its wholly-owned subsidiary Maoye Renhe Spring Department Store Co., Ltd. for a loan of RMB 480 million from Ping An Bank, with a guarantee period of three years[17] - The company has approved a guarantee for its controlling subsidiary Inner Mongolia Maoye Department Store Group Co., Ltd. for a one-year loan of RMB 100 million from Ordos Bank[18] - The company approved a credit line application of RMB 200 million with Dalian Bank Chengdu Branch for operational needs, with a maximum term of 2 years[19] - The company’s subsidiary, Shenzhen Maoye, has been authorized to borrow up to RMB 50 million from related parties, with a term of 3 years, allowing for flexible repayment[20] Operational Costs - Total operating costs decreased to ¥2,206,835,397.78 from ¥2,221,424,164.08 year-over-year, reflecting a reduction of about 0.7%[25] - Cash paid for goods and services in the first three quarters of 2023 was ¥3,769,111,843.00, a decrease from ¥4,438,271,288.74 in the same period of 2022, reflecting a reduction of about 15.1%[29] - The company paid $178,203,285.95 in employee-related cash outflows, a decrease of 13.1% from $205,076,080.08 in Q3 2022[30] - The company reported cash payments for taxes amounting to $243,460,446.96, down 6.0% from $255,275,681.61 in the same quarter last year[30]