JOEONE(SH:601566)2019-10-24 16:00Financial Performance - Operating income for the period was CNY 202,471.09 million, an increase of 5.37% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company reached CNY 38,069.29 million, up 8.88% year-on-year[6]. - Basic earnings per share were CNY 0.66, representing an increase of 8.20%[7]. - The total revenue for Q3 2019 was CNY 197,367.32 million, representing a year-on-year increase of 4.99%[36]. - The gross profit margin for the overall business was 57.85%, a decrease of 0.16 percentage points compared to the previous year[38]. - Direct store revenue was CNY 69,046.22 million, with a year-on-year increase of 6.76%, while the gross margin was 65.66%[38]. - The revenue from franchise stores was CNY 104,742.48 million, with a gross margin of 53.26%[38]. - The net profit for the first three quarters of 2019 was ¥291,279,391.47, down from ¥630,418,483.40 in the same period of 2018, reflecting a decrease of approximately 53.8%[49]. - The company's gross profit margin for Q3 2019 was approximately 42.8%, compared to 45.1% in Q3 2018, indicating a decrease in profitability[54]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 583,469.66 million, a decrease of 4.15% compared to the end of the previous year[6]. - Net assets attributable to shareholders of the listed company were CNY 429,127.55 million, down 3.18% year-on-year[6]. - The company's total assets as of September 30, 2019, were CNY 5,834,696.58 million, a decrease from CNY 6,087,507.53 million at the end of 2018[44]. - The total liabilities amounted to CNY 1,549,232.95 million, down from CNY 1,651,710.81 million in the previous year[46]. - The company's total liabilities were ¥1,414,868,901.75 as of September 30, 2019, down from ¥1,507,685,185.33 at the end of 2018, representing a decrease of about 6.16%[48]. - The total current assets were reported at 2,826,019,977.82 CNY, with a minor increase of 6,640,813.46 CNY from the previous year[63]. - The company reported a significant reduction in available-for-sale financial assets by 1,648,408,559.17 CNY, indicating a strategic shift in investment approach[64]. Cash Flow - Net cash flow from operating activities was CNY 8,389.13 million, a significant decrease of 68.93% compared to the same period last year[6]. - Cash and cash equivalents decreased by CNY 176.01 million, a decline of 35.27% compared to the beginning of the year, primarily due to the payment of maturing bonds and cash dividends to shareholders[13]. - The company’s cash flow from operating activities was not detailed, but the net increase in cash and cash equivalents was -53,426,898.98 CNY, showing a decrease in liquidity[62]. - The net cash flow from financing activities was -731,961,921.65 CNY, compared to -577,298,584.75 CNY in the previous year, indicating a decline of approximately 27%[62]. - The company has seen an increase in cash received from operating activities, totaling ¥2,658,088,514.30 for the first three quarters of 2019, compared to ¥2,150,365,809.23 in 2018, reflecting a growth of approximately 23.6%[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,100[10]. - The largest shareholder, Jomoo International Investment Holdings, held 53.73% of the shares, with 308,768,140 shares pledged[10]. Investments and Financial Products - The company has established investment funds focusing on internet fashion and cultural industries, with a total fund size of CNY 1 billion and CNY 510 million respectively[19][20]. - The company invested a total of 20 million USD in Right Wand Limited Partnership and 10 million RMB in two private equity funds during the reporting period[23]. - The company reported a total of 78,438.82 million RMB in bank wealth management products, with an overdue balance of 4,434.61 million RMB[24]. - The company has a total of 20,000 million RMB in entrusted wealth management products, with a fixed annual yield of 5.20%[26]. - The company has a total of 3,000 million RMB in trust wealth management products with a fixed yield of 7.50%[27]. - The company has reported a total of 3,000 million RMB in bank wealth management products with a fixed yield of 5.48%[27]. - The company has a total of 21,922 million RMB in bank wealth management products, with 237.15 million RMB recovered[27]. - The company has a total of 1,900 million RMB in fixed income products with a yield of 5.20%[27]. - The company has a total of 450.05 million RMB in other wealth management products, with an actual loss of 40.78 million RMB[26]. - The company has a total of 7,932.70 million RMB in other wealth management products, with an overdue balance of 7,488.70 million RMB[24]. Store Operations - The company opened 308 new stores in the first nine months of 2019, bringing the total number of stores to 2,835[32]. - The number of direct-operated stores for the JOEONE brand increased to 753, up from 699 at the end of 2018, while franchise stores decreased slightly to 1,703[34]. - The total area of stores increased to 312,538 square meters, compared to 287,697 square meters at the end of 2018[34]. - The company reported a decrease in the number of closed stores, with only 247 closures in the first nine months of 2019[32]. - The company has plans for market expansion, focusing on increasing the number of franchise stores in the upcoming quarters[32]. Research and Development - Research and development expenses for Q3 2019 were ¥10,824,365.06, compared to ¥8,239,857.48 in Q3 2018, showing an increase of approximately 31.5%[50]. - The company is actively developing new financial products, including fixed income and equity investment products, to enhance its portfolio[30].