Workflow
九牧王(601566) - 2022 Q3 - 季度财报
JOEONEJOEONE(SH:601566)2022-10-26 16:00

Financial Performance - The company's operating revenue for Q3 2022 was CNY 66,439.84 million, a decrease of 14.37% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY -5,542.38 million, with a year-to-date net profit of CNY -11,541.74 million, reflecting a significant decline of 319.93% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was CNY 218.75 million, down 87.19% year-on-year, with a year-to-date figure of CNY 5,279.57 million, down 42.08%[4]. - Basic earnings per share for the quarter were CNY -0.10, compared to CNY -0.20 in the same period last year, representing a decrease of 322.22%[5]. - The overall operating revenue for the company was RMB 192,398.83 million, down 9.61% compared to the previous year, with a gross margin of 61.39%[13]. - The net profit for the third quarter of 2022 was a loss of CNY 128,409,625.62, compared to a profit of CNY 44,506,145.03 in the same quarter of 2021[49]. - The net profit for the first three quarters of 2022 was a loss of ¥36,937,920.18, compared to a profit of ¥22,371,825.91 in the same period of 2021[62]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 12,049.78 million, an increase of 231.41%[4]. - The net cash flow from operating activities increased by 231.41% to RMB 12,049.78 million, attributed to a reduction in cash payments related to operations[10]. - The net cash flow from investing activities was RMB 53,622.54 million, a significant recovery from a negative RMB 7,773.15 million in the previous period, as the company focused on its core business and reduced investment expenditures[10]. - Cash flow from operating activities for the first nine months of 2022 was 120,497,750.81 RMB, an increase from 36,359,542.15 RMB in the same period of 2021[53]. - Total cash inflow from investment activities was 1,539,471,311.04 RMB, up from 1,255,466,531.05 RMB year-over-year[54]. - Net cash flow from investment activities was 536,225,365.16 RMB, a significant improvement from -77,731,484.25 RMB in the previous year[54]. - The cash flow from investment activities was bolstered by cash received from investment income, which increased to ¥350,138,418.05 in 2022 from ¥320,032,325.89 in 2021[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 563,329.94 million, down 8.53% from the previous year-end[5]. - The company's total assets decreased to CNY 5,633,299,372.16 in Q3 2022 from CNY 6,158,875,115.36 in Q3 2021, representing a decline of approximately 8.51%[44]. - Total liabilities decreased to CNY 1,925,045,338.83 in Q3 2022 from CNY 2,108,285,101.10 in Q3 2021, a reduction of about 8.68%[44]. - The company's total current assets decreased to 2,814,367,939.54 RMB from 3,173,828,468.67 RMB year-over-year[57]. - The total owner's equity decreased from ¥4,017,233,364.31 to ¥3,692,976,869.12, a decline of approximately 8.06%[59]. Shareholder and Investment Structure - The company has a total of 308,768,140 shares held by Jiumuwang International Investment Holdings Limited, accounting for 53.73% of the total shares[20]. - The company has established an internet fashion industry fund with a total scale of RMB 1 billion, with Jiumuwang Investment committing RMB 990 million, representing 99% of the fund[22]. - The company has a significant shareholder structure, with multiple related parties holding substantial stakes, including Chen Jindun and his relatives[21]. - The company’s total shareholding structure includes various domestic and foreign investors, with significant stakes held by non-state-owned entities[20]. Market and Operational Strategy - The company plans to enhance its market presence and improve operational efficiency through strategic adjustments and potential new product developments[4]. - The company has focused on its core business, resulting in a 40.62% decrease in trading financial assets to CNY 55,044.68 million[8]. - The total number of stores decreased to 2,478 as of September 30, 2022, with 162 new openings and 379 closures, reflecting a strategic restructuring of channels[10]. - The company is actively pursuing market expansion through strategic investments in fashion-related projects[22]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 35,067,055.04, slightly down from CNY 35,806,969.48 in the same period of 2021[48]. - Research and development expenses increased slightly to ¥27,902,815.22 from ¥26,759,581.77, indicating a focus on innovation despite financial challenges[61].