ST贵人(603555) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was CNY 344,599,800.44, representing a year-over-year increase of 17.20%[4] - Net profit attributable to shareholders was CNY 15,612,296.95, with a year-to-date net profit of CNY 399,451,957.30, reflecting a 3.25% increase compared to the same period last year[4] - Basic earnings per share for the quarter was CNY 0.01, while the year-to-date figure was CNY 0.42[5] - The weighted average return on equity increased to 0.76%, up 37.09 percentage points from the previous year[5] - Total revenue for the first three quarters of 2021 was approximately ¥789 million, a decrease of 5.6% from ¥836 million in the same period last year, with an overall gross margin of 26.99%[21] - Operating profit for the first three quarters of 2021 was ¥410,746,123.36, compared to a loss of ¥249,375,451.46 in the same period of 2020, indicating a significant turnaround[28] - Net profit for the first three quarters of 2021 was ¥401,444,462.09, recovering from a net loss of ¥256,996,929.76 in the previous year[28] - The total comprehensive income for the first three quarters of 2021 was ¥401,169,984.64, a recovery from a loss of ¥266,980,899.05 in the same period of 2020[29] Assets and Liabilities - Total assets at the end of the quarter were CNY 3,064,072,792.88, a decrease of 14.25% compared to the end of the previous year[5] - Total current assets as of September 30, 2021, were approximately ¥1.228 billion, down from ¥1.657 billion at the end of 2020[24] - The company's total assets amounted to approximately ¥3.064 billion, a decrease from ¥3.573 billion at the end of 2020[26] - The total liabilities of the company were approximately ¥990 million, significantly reduced from ¥3.547 billion in the previous year[25] - The company's equity attributable to shareholders was approximately ¥2.062 billion, a substantial increase from ¥10 million in the previous year[26] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -432,284,787.91 year-to-date[4] - Cash flow from operating activities showed a net outflow of ¥432,284,787.91, worsening from a net outflow of ¥40,087,220.61 in the same period of 2020[31] - Cash inflow from investment activities was ¥213,202,572.38, up from ¥77,947,243.68 in the previous year, reflecting a growth of approximately 173.5%[31] - Total cash inflow from financing activities was $703,475,940.10, compared to $120,298,017.00 in the previous period[33] - Net cash flow from financing activities amounted to $658,475,940.10, significantly higher than $13,346,342.89 in the previous period[33] - The net increase in cash and cash equivalents was $271,903,118.57, compared to a decrease of $3,319,525.97 in the previous period[33] - The ending balance of cash and cash equivalents was $286,803,633.16, up from $20,211,441.66 in the previous period[33] Operational Changes - The company has shifted its sales model from a mix of direct stores and distributors to a distributor-only model, leading to a significant reduction in franchise income[20] - The company plans to optimize its operational model by outsourcing production, which will involve a significant reduction in related personnel and assets[14] - The company reported a significant increase in gross margin for franchise stores, which improved by 27.3 percentage points to 12.11%[21] - The company is facing increased competitive pressure, with all brands experiencing a decline in gross margins during the reporting period[19] - The company has initiated the process of deregistering its subsidiaries, which is expected to further reduce franchise operations in the future[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 26,524, with the largest shareholder, Guirenniao Group (Hong Kong), holding 416,115,000 shares, accounting for 26.48% of the total shares[12] - The top ten shareholders include several significant entities, with the second-largest shareholder, Heilongjiang Taifu Jingu Network Technology Co., Ltd., holding 320,000,000 shares, or 20.36%[12] Market Performance - The company reported a significant decline in revenue for its main brand, Guirenniao, with a revenue of RMB 501.33 million, down 16.85% year-on-year, and a gross margin decrease of 14.56 percentage points[18] - Adidas and Nike also experienced substantial revenue declines of 50.34% and 37.97%, respectively, indicating a challenging market environment[19] - Online sales revenue for the company reached approximately ¥287 million, representing a 13.3% increase from ¥253 million in the same period last year, with a gross margin of 36.36%[21] - Offline sales revenue was approximately ¥502 million, down 13.8% from ¥583 million last year, with a gross margin of 25.67%[21] - Michenglai achieved agricultural product trading revenue of RMB 11.74 million by the end of September 2021, with a gross margin of approximately 18.68%[17] Expenses - Management expenses rose by 35.16% due to new restructuring costs incurred during the period[10] - Research and development expenses for the first three quarters of 2021 were ¥19,606,587.57, slightly down from ¥20,276,855.82 in the same period of 2020[27]