Aokanginternational(SH:603001)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 620,787,549.51, representing a year-on-year increase of 9.62%[5] - The net profit attributable to shareholders was CNY -36,071,365.44, with a significant increase of 385.94% year-to-date, totaling CNY 45,238,971.59[5] - The basic earnings per share for the current period was CNY -0.0913, while the year-to-date figure was CNY 0.1169, reflecting a 381.07% increase[6] - Total operating revenue for Q3 2021 was 2,068,462,283.02 CNY, an increase from 1,528,186,109.15 CNY in Q3 2020, representing a growth of approximately 35.4%[28] - Net profit for Q3 2021 reached 46,561,016.97 CNY, compared to 8,611,486.99 CNY in Q3 2020, marking a significant increase of approximately 441.5%[29] - Earnings per share (EPS) for Q3 2021 was 0.1169 CNY, up from 0.0243 CNY in Q3 2020, reflecting an increase of approximately 382.3%[30] - Total comprehensive income for Q3 2021 was 45,316,906.57 CNY, compared to 3,165,499.22 CNY in Q3 2020, indicating a growth of approximately 1,428.5%[30] - The company reported a total profit of 67,252,062.69 CNY for Q3 2021, compared to 33,827,057.12 CNY in Q3 2020, marking an increase of approximately 98.5%[29] Revenue Breakdown - The total operating revenue for the reporting period reached CNY 2,112,577,416.74, an increase of 16.05% compared to the previous year[16] - The company experienced a 36.95% increase in revenue compared to the same period last year, primarily due to the impact of the COVID-19 pandemic and the implementation of new revenue standards[9] - Online sales generated CNY 352,755,946.90, with a gross profit margin of 34.77%, up 9.63 percentage points from the previous year[19] - Offline sales accounted for CNY 1,759,821,469.84, maintaining a gross profit margin of 42.74%, an increase of 11.58 percentage points year-on-year[19] - The revenue from independent stores was CNY 873,624,662.76, with a gross profit margin of 54.77%, up 4.08% from the previous year[16] - The revenue from the group purchase and online shopping channel was CNY 450,280,038.74, with a gross profit margin of 33.18%, an increase of 9.11 percentage points[16] - The revenue from the Aokang brand was CNY 1,342,185,484.67, with a gross profit margin of 41.82%, reflecting an increase of 11.31 percentage points year-on-year[18] - The revenue from the Kanglong brand was CNY 264,551,376.11, with a gross profit margin of 49.00%, an increase of 17.69 percentage points compared to the previous year[18] - The export revenue decreased to CNY 12,166,621.12, with a gross profit margin of 15.15%, down 11.36 percentage points year-on-year[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,143,214,773.28, a decrease of 4.47% compared to the end of the previous year[6] - The total current assets amounted to ¥2,718,513,940.32, down from ¥2,998,352,685.85 at the end of 2020[23] - The total assets as of September 30, 2021, were ¥4,143,214,773.28, compared to ¥4,336,947,326.95 at the end of 2020[24] - The company’s total current assets were 2,998,352,685.85 RMB, unchanged from the previous year[35] - The total liabilities decreased to ¥576,018,204.99 from ¥729,804,970.75 at the end of 2020[25] - Total liabilities amounted to ¥729,804,970.75, with a significant increase from the previous total of ¥803,825,757.43, reflecting a change of ¥74,020,786.68[37] - The total equity attributable to shareholders reached ¥3,601,176,285.31, showing stability compared to the previous figure[37] Cash Flow - The cash flow from operating activities showed a net outflow of CNY -108,651,884.51 year-to-date, indicating a significant cash flow challenge[6] - Cash inflow from operating activities for the first three quarters of 2021 was 2,162,955,916.50 CNY, compared to 1,828,449,832.69 CNY in the same period of 2020, indicating a growth of approximately 18.3%[32] - The net cash flow from operating activities was -108,651,884.51 RMB, a significant decrease compared to 1,747,257.61 RMB in the previous year[33] - Total cash inflow from investment activities was 447,143,449.65 RMB, down from 816,823,583.43 RMB year-over-year[33] - The net cash flow from investment activities was -242,517,802.56 RMB, contrasting with a positive 223,880,672.91 RMB in the same quarter last year[33] - Cash and cash equivalents at the end of the period totaled 369,689,143.06 RMB, a decrease from 474,488,142.53 RMB year-over-year[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,722[10] - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 111,181,000 shares, accounting for 27.73% of the total shares[11] Strategic Initiatives - The company is undergoing a brand upgrade and transformation strategy in collaboration with Junzhi Management Consulting Co., Ltd. from 2021 to 2024[21] - The company launched four new product series focusing on comfort and breathability, including a dual-layer hollow sole design and a lightweight cloud series[21] - The company aims to enhance product comfort and style, addressing common pain points for male customers[21] Accounting Standards - The company executed the new leasing standards starting from 2021, impacting the financial statements[34] - The implementation of the new leasing standards resulted in an adjustment of ¥74,020,786.68 for both right-of-use assets and lease liabilities[39] - The company has adopted a simplified retrospective approach for the new leasing standards, effective from January 1, 2021[39] - The company has not made adjustments to comparative period information under the new accounting standards, ensuring consistency in reporting[39]