Guirenniao(SH:603555)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was ¥336,068,249.14, representing a decrease of 2.48% compared to the same period last year[5] - The net profit attributable to shareholders was ¥2,574,763.19, down 83.51% year-on-year, while the net profit after deducting non-recurring gains and losses was a loss of ¥5,455,930.86, a decrease of 215.86%[5] - The basic earnings per share for the quarter was ¥0.0016, a decline of 83.51% compared to the previous year[6] - The company reported a net loss of CNY 1,365,275,475.89 for the first three quarters of 2022, slightly increasing from a loss of CNY 1,350,475,258.88 in the same period of 2021[28] - The total comprehensive income for Q3 2022 was -17,455,654.19 CNY, compared to 401,169,984.64 CNY in Q3 2021, indicating a drastic decline in overall financial health[31] - Operating profit for Q3 2022 was -1,286,178.78 CNY, while in Q3 2021, it was 410,746,123.36 CNY, reflecting a substantial decrease in operational performance[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,962,128,513.63, an increase of 4.67% from the end of the previous year[6] - The total current assets as of September 30, 2022, amount to CNY 1,645,094,197.90, an increase from CNY 1,186,917,346.60 at the end of 2021[26] - The total liabilities as of September 30, 2022, are CNY 1,155,729,363.68, compared to CNY 993,074,330.14 at the end of 2021[27] - The company's total assets as of September 30, 2022, are CNY 2,962,128,513.63, an increase from CNY 2,830,074,292.97 at the end of 2021[28] Cash Flow - The cash flow from operating activities for the year-to-date was ¥27,257,808.91[6] - Cash flow from operating activities for the first nine months of 2022 was 27,257,808.91 CNY, a recovery from a negative cash flow of -432,284,787.91 CNY in the same period of 2021[32] - Investment activities generated a net cash flow of 261,081,083.30 CNY in Q3 2022, a significant increase from 45,862,761.50 CNY in Q3 2021[34] - The company reported a net cash flow from financing activities of -140.36%, primarily due to the repayment of principal and interest on debts[11] Sales and Revenue Breakdown - The total revenue for the first three quarters of 2022 is CNY 987,215,635.74, representing an increase of 12.9% compared to CNY 874,507,657.24 in the same period of 2021[29] - The company's revenue from the Guirenniao brand is approximately RMB 397.25 million, a decrease of 20.76% year-over-year, with a gross margin of 26.31%[19] - Online sales revenue for the first nine months of 2022 is RMB 276.07 million, accounting for 28.97% of total revenue, with a gross margin of 23.37%[21] - Offline sales revenue for the same period is RMB 676.89 million, representing 71.03% of total revenue, with a gross margin of 18.09%[21] - The company experienced a significant decline in revenue for brands like Adidas and Nike, while Puma saw a revenue increase[19] Inventory and Operating Costs - The company reported a significant increase in inventory by 204.88% due to increased grain trade procurement[10] - The inventory as of September 30, 2022, is CNY 554,578,360.29, significantly higher than CNY 181,900,284.65 at the end of 2021[26] - The total operating costs for the first three quarters of 2022 are CNY 1,021,545,668.01, up from CNY 889,627,599.21 in the previous year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,723[13] - The largest shareholder, Heilongjiang Taifu Jingu Network Technology Co., Ltd., holds 320 million shares, accounting for 20.36% of total shares, with 69 million shares pledged[13] Corporate Changes and Legal Matters - The company’s actual controller changed to Heilongjiang Taifu Jingu Network Technology Co., Ltd. and Mr. Li Zhihua following the judicial auction of shares held by the previous controlling shareholder[15] - The company is currently involved in litigation regarding equity transfer disputes and has received various court orders related to these matters[16] Retail Network - As of September 30, 2022, the retail network of Guirenniao covers 29 provinces, with a total of 1,625 retail terminals and a retail area of 137,936 square meters[23] - The company opened 243 new stores in the first three quarters of 2022, increasing the total from 1,532 at the end of 2021 to 1,625[25]