惠而浦(600983) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -69,208,627.46, a decline of 119.53% year-on-year[17]. - Operating revenue for the first nine months was CNY 4,086,821,951.82, down 11.93% from the same period last year[17]. - The net cash flow from operating activities was CNY -642,445,284.21, a decrease of 15.89% year-on-year[17]. - Basic earnings per share were CNY -0.09, a decline of 119.56% compared to CNY 0.46 in the previous year[17]. - The net profit for the first three quarters of 2019 was RMB 1,312,855,982.28, down from RMB 1,502,928,644.07 in the same period of 2018, reflecting a decline of approximately 12.6%[46]. - The company reported a total operating profit of -43,581,892.24 CNY for Q3 2019, compared to 3,883,858.12 CNY in Q3 2018, marking a decline of approximately 1,202.5%[64]. - The company experienced a net loss of -5,181,666.05 CNY in total profit for Q3 2019, contrasting with a profit of 77,631,515.62 CNY in Q3 2018, representing a decline of approximately 106.7%[64]. - Total comprehensive income for Q3 2019 was -9,280,681.63 CNY, down from 59,903,802.38 CNY in Q3 2018, indicating a decrease of about 115.5%[60]. Assets and Liabilities - Total assets decreased by 9.53% to CNY 7,504,087,283.73 compared to the end of the previous year[17]. - The company's total liabilities decreased to ¥3,495,908,958.93 from ¥4,178,687,561.70, a decline of 16.4% year-over-year[38]. - Total liabilities were RMB 2,776,180,102.24, down from RMB 3,308,168,515.56, reflecting a reduction of about 16.1%[44]. - The company's total equity attributable to shareholders decreased to ¥4,008,178,324.80 from ¥4,115,710,531.27, a decline of 2.6% year-over-year[38]. - The company reported a total asset value of CNY 7,312,910,088.31, with non-current assets at CNY 3,410,979,018.85[90]. - Total liabilities amounted to CNY 4,178,687,561.70, with non-current liabilities totaling CNY 96,331,755.88[87]. Cash Flow - The company's cash and cash equivalents decreased to ¥1,315,127,742.39 from ¥2,530,356,157.13, representing a decline of 48.0% year-over-year[33]. - Cash flow from operating activities for the first three quarters of 2019 was negative at approximately CNY -642.45 million, compared to CNY -554.35 million in the same period of 2018[72]. - Cash flow from investment activities showed a net outflow of approximately CNY -516.71 million in 2019, contrasting with a net inflow of CNY 337.97 million in 2018[75]. - The ending cash and cash equivalents balance decreased to 517,700,620.13 from 1,657,340,900.17, a decline of approximately 68.8%[77]. - The company reported a total cash outflow of 3,608,398,692.14 from operating activities, down from 4,066,775,140.17, showing improved cash management[77]. Revenue and Expenses - The company's revenue from advance receipts decreased by 56.15% to ¥41,144,661.02 from ¥93,826,505.71, attributed to changes in credit policy[36]. - The company incurred operating expenses of approximately CNY 4.87 billion, compared to CNY 5.07 billion in the same period of 2018, showing a reduction of about 3.5%[72]. - The gross profit for Q3 2019 was RMB 1,116,965,801.72, a decrease of 4.1% compared to RMB 1,165,149,929.27 in Q3 2018[49]. - Research and development expenses for Q3 2019 were RMB 34,549,171.60, a decrease of 22.7% from RMB 44,678,903.57 in Q3 2018[49]. - The company's investment income dropped by 44.94% to ¥16,817,094.68 from ¥30,543,434.29, primarily due to a decrease in financial management income[36]. Shareholder Information - The total number of shareholders was 22,674, with the largest shareholder holding 51.00% of the shares[21]. - The company's total equity decreased to RMB 3,814,668,910.96 from RMB 4,004,741,572.75, indicating a decline of approximately 4.7%[46]. Future Outlook - The company expects to incur operating losses for the remainder of the year due to a decline in domestic sales revenue and increased expenses for brand channel development[36]. - Future outlook includes potential strategies for market expansion and new product development to improve financial performance[72].