OLO Home(SH:603326)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 496,990,641.70, representing a year-over-year increase of 7.91%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 49,370,206.54, a decrease of 33.94% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,795,188.56, down 36.13% year-over-year[5] - For the first nine months of 2021, the company achieved operating revenue of RMB 1,241.86 million, a year-on-year increase of 24.33%[14] - The company's net profit attributable to shareholders for the first nine months of 2021 was RMB 101.89 million, a decrease of 16.55% compared to the same period last year[14] - In Q3 2021, the company recorded operating revenue of RMB 496.99 million, representing a year-on-year growth of 7.91%[14] - Total revenue for the first three quarters of 2021 reached ¥1,241,859,257.51, a 24.4% increase from ¥998,817,676.05 in the same period of 2020[23] - Net profit for the first three quarters of 2021 was ¥101,893,072.51, a decrease of 16.5% compared to ¥122,094,217.51 in 2020[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,410,074,722.98, an increase of 21.73% from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to ¥2,410,074,722.98, compared to ¥1,979,872,974.36 at the end of 2020, indicating growth in asset base[21] - Current liabilities increased to ¥997,679,722.06 from ¥716,403,782.92, primarily due to a rise in short-term borrowings[20] - Long-term borrowings surged to ¥163,474,425.73 from ¥21,260,000.00, indicating a strategic shift towards leveraging for growth[20] - Total liabilities increased from 859,982,054.15 to 879,854,893.64, a rise of 19,872,839.49[34] - Non-current liabilities rose from 143,578,271.23 to 162,688,496.05, an increase of 19,110,224.82[34] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -142,239,445.68, indicating a decrease in cash inflow[5] - Operating cash inflow for the first three quarters of 2021 was CNY 1,461,891,467.20, an increase of 44% compared to CNY 1,015,142,843.63 in the same period of 2020[28] - Net cash flow from operating activities for the first three quarters of 2021 was -CNY 142,239,445.68, a decrease from CNY 40,537,563.46 in the first three quarters of 2020[29] - Cash flow from investment activities for the first three quarters of 2021 was -CNY 235,938,738.43, compared to -CNY 180,845,420.44 in the same period of 2020[29] - Cash flow from financing activities for the first three quarters of 2021 was CNY 326,423,563.95, significantly up from CNY 14,088,450.08 in the first three quarters of 2020[29] - The net increase in cash and cash equivalents for the first three quarters of 2021 was -CNY 51,754,620.16, an improvement from -CNY 126,219,422.21 in the same period of 2020[30] Operational Changes - The company experienced increased marketing and personnel costs, contributing to the decline in net profit[8] - The company opened 273 new stores and closed 68 stores in the first nine months of 2021, resulting in a net increase of 205 stores, totaling 1,507 stores by the end of the reporting period[15] - The company faced challenges due to the COVID-19 outbreak in Nanjing, which affected logistics and production operations[13] - The company reported a significant increase in direct sales revenue, which grew by 59.65% year-on-year in the first nine months of 2021[14] - The company’s operating costs have risen due to increased raw material prices and extended production cycles caused by power supply constraints[13] Investment and Development - Research and development expenses for the first three quarters of 2021 were ¥52,011,634.88, significantly higher than ¥27,998,260.64 in 2020, highlighting a focus on innovation[24] - The company is focusing on strategic goals of product leadership, brand upgrading, and channel breakthroughs[16] - The company increased its investment in human resources and brand promotion to build an efficient organization and strengthen brand barriers[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,962[10] - The basic and diluted earnings per share for Q3 2021 were CNY 0.1558, down 33.98% compared to the same period last year[5] - The company reported a basic earnings per share of ¥0.3169, down from ¥0.3856 in the previous year, reflecting the decline in net profit[25] - The total equity attributable to shareholders increased to ¥1,144,960,123.36 from ¥1,119,890,920.21, indicating a stable equity position despite profit fluctuations[21]