Ribo Fashion(SH:603196)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 537,595,315.88, a decrease of 32.04% year-on-year[6] - Net profit attributable to shareholders was CNY -74,896,890.73, compared to CNY -775,339.52 in the same period last year, representing a significant increase in losses[6] - Basic and diluted earnings per share were both CNY -0.3121, a decrease of 9,653.13% compared to the previous year[7] - Total revenue for Q3 2020 was CNY 226,317,291.87, a decrease of 17.1% compared to CNY 272,976,367.70 in Q3 2019[26] - Net profit for the first three quarters of 2020 was CNY 234,598,486.05, a decrease of 23.4% compared to CNY 306,808,343.19 in the same period of 2019[25] - The company's net profit attributable to shareholders for Q3 2020 was CNY 22,690,783.57, compared to a net loss of CNY 74,896,890.73 in Q3 2019, indicating a significant recovery[28] - The net profit for Q3 2020 was CNY 39,775,390.73, a significant increase compared to CNY 18,347,314.27 in Q3 2019, reflecting a growth of 117.5%[31] Assets and Liabilities - Total assets decreased by 10.19% to CNY 1,022,539,789.76 compared to the end of the previous year[6] - Total assets decreased to RMB 1,022,539,789.76 from RMB 1,138,560,851.04, reflecting a decline in both current and non-current assets[20] - The total liabilities increased, with other payables rising by 34.95% to RMB 62,775,163.70 from RMB 46,518,125.12, reflecting financial strain[15] - Total liabilities as of September 30, 2020, were CNY 173,095,516.85, an increase from CNY 167,815,704.67 in the previous year[24] - The company's total liabilities rose to CNY 192,079,777.77 from CNY 167,815,704.67, indicating an increase of CNY 24,264,073.10[43] Cash Flow - Net cash flow from operating activities decreased by 47.74% to CNY 34,614,064.92 for the first nine months[6] - The cash flow from operating activities for the first nine months of 2020 was CNY 34,614,064.92, down 47.8% from CNY 66,234,677.14 in the same period of 2019[35] - The cash flow from investing activities for the first nine months of 2020 resulted in a net outflow of CNY 70,667,974.06, compared to a smaller outflow of CNY 23,503,920.73 in the same period of 2019[35] - The cash flow from financing activities showed a net outflow of CNY 18,000,000.00 in Q3 2020, compared to a larger outflow of CNY 66,812,166.26 in Q3 2019[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,730[12] - The largest shareholder, Shanghai Ribo Investment Holding Co., Ltd., holds 52.71% of the shares, with 126,515,000 shares pledged[12] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 4,237,000.38 during the reporting period, closely related to its normal business operations[9] - The company reported a total of CNY 3,305,488.74 in non-recurring gains and losses for the first nine months[11] Research and Development - Research and development expenses decreased by 38.63% to RMB 20,017,831.72 from RMB 32,619,622.19, impacted by the pandemic[15] - Research and development expenses for Q3 2020 were CNY 7,162,397.21, down from CNY 10,676,445.52 in Q3 2019[26] Inventory and Receivables - Accounts receivable dropped by 42.15% to RMB 43,633,929.77 from RMB 75,428,867.69, primarily due to revenue decline caused by the pandemic[14] - Inventory increased to CNY 159,227,100.83 from CNY 148,140,194.89 in the previous year[23] Future Outlook - The company plans to continue monitoring the impact of the pandemic on its operations and adjust strategies accordingly[17] - The company plans to continue its market expansion strategy, focusing on enhancing product offerings and exploring potential acquisitions in the upcoming quarters[30]