Aokanginternational(SH:603001)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥641,903,990.21, representing a year-over-year increase of 3.40%[3]. - The net profit attributable to shareholders was -¥134,933,813.69, a significant decrease of 392.94% compared to the same period last year[3]. - The basic earnings per share (EPS) was -¥0.3508, reflecting a decline of 395.72% year-over-year[3]. - The total operating revenue for the company reached CNY 2,081,593,801.71, with a gross profit margin of 43.10%, reflecting a year-over-year decrease of 1.47% in revenue and a decrease of 4.31% in cost[14]. - The brand "Aokang" generated operating revenue of CNY 1,378,864,697.41, with a gross profit margin of 44.38%, showing a year-over-year increase of 2.73% in revenue[14]. - The "Kanglong" brand's operating revenue was CNY 243,504,456.15, with a gross profit margin of 48.18%, reflecting a year-over-year decrease of 7.96%[14]. - The company’s revenue from exports increased by 24.38%, with a gross profit margin of 23.18%[16]. - Total revenue for the first three quarters of 2022 was CNY 2,107,335,249.86, a decrease of 1.6% compared to CNY 2,142,733,485.18 in the same period of 2021[25]. - Operating profit for the third quarter of 2022 was a loss of CNY 119,038,094.76, compared to a profit of CNY 60,784,358.48 in the same period of 2021[26]. - The total comprehensive income attributable to the parent company for Q3 2022 was -116,404,110.73 RMB, compared to 43,994,861.19 RMB in Q3 2021[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,065,001,977.49, down 6.92% from the end of the previous year[4]. - Total assets as of September 30, 2022, were CNY 4,065,001,977.49, down from CNY 4,367,329,037.41 at the end of 2021[24]. - Current assets decreased to CNY 2,452,222,707.78 from CNY 2,898,513,728.93, reflecting a decline of 15.4%[23]. - Total liabilities decreased to CNY 863,644,436.48 from CNY 900,254,985.17, a reduction of 4.1%[24]. - Shareholders' equity as of September 30, 2022, was CNY 3,201,357,541.01, down from CNY 3,467,074,052.24 at the end of 2021[24]. Cash Flow - The net cash flow from operating activities was -¥328,889,521.93, indicating increased operational expenses[3][7]. - Cash flow from operating activities for the first nine months of 2022 was -328,889,521.93 RMB, compared to -108,651,884.51 RMB in the same period of 2021[30]. - The total cash outflow from operating activities for the first nine months of 2022 was 2,278,446,594.95 RMB, slightly up from 2,271,607,801.01 RMB in the same period of 2021[30]. - The company reported a net increase in cash and cash equivalents of -464,778,395.00 RMB for Q3 2022, compared to -451,688,197.32 RMB in Q3 2021[30]. - The company reported cash and cash equivalents of 225,864,868.18 RMB at the end of Q3 2022, down from 369,689,143.06 RMB at the end of Q3 2021[30]. Shareholder Information - The company had 14,034 common shareholders at the end of the reporting period[9]. - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 27.73% of the shares, with 46,010,100 shares pledged[9]. Strategic Initiatives - The company plans to continue focusing on market expansion and new product development strategies in the upcoming quarters[3]. - The company opened 108 new stores and closed 134 stores in the third quarter, resulting in a total of 2,508 stores by the end of September 2022[19]. Investments - The company invested CNY 2,000,000 in a structured deposit with Ningbo Bank, yielding an annualized return of 1.00%[11]. - The company’s investment in financial products included a CNY 10,000,000 structured deposit with Citic Bank, yielding a return of 1.60%[12]. Operational Metrics - Online sales amounted to CNY 397,003,424.70, with a gross profit margin of 35.66%, representing a year-over-year increase of 12.54%[19]. - The company reported a gross profit margin increase of 3.22 percentage points in independent stores, despite a revenue decrease of 9.00%[16]. - Total operating costs increased to CNY 2,207,733,298.83, up 6.7% from CNY 2,068,462,283.02 in the previous year[26].