DAZZLE FASHION(SH:603587)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥618,493,331.67, representing a decrease of 7.81% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥123,584,482.64, down 25.12% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥120,692,138.74, a decrease of 23.09% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.26, reflecting a decline of 25.71% year-over-year[9]. - The diluted earnings per share for Q3 2022 was also ¥0.26, with a decrease of 25.71% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was approximately $1.72 billion, a decrease of 15.06% compared to $2.02 billion in the same period of 2021[38]. - Net profit for the first three quarters of 2022 was approximately $375.43 million, a decline of 32.4% compared to $555.12 million in the same period of 2021[41]. - Total comprehensive income for the first three quarters of 2022 was approximately ¥374.28 million, a decrease of 32.7% compared to ¥556.28 million in the same period of 2021[43]. - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.79, down from ¥1.17 in the same period of 2021, representing a decline of 32.5%[43]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥4,491,688,119.12, a decrease of 4.26% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥3,617,847,062.28, down 3.69% compared to the end of the previous year[9]. - The company's total liabilities decreased to approximately $872.33 million as of September 30, 2022, down from $933.40 million at the end of 2021, representing a reduction of 6.54%[34]. - Total equity attributable to shareholders was approximately $3.62 billion as of September 30, 2022, down from $3.76 billion at the end of 2021, reflecting a decrease of 3.69%[34]. - Total assets as of September 30, 2022, were approximately $4.49 billion, down from $4.69 billion at the end of 2021, indicating a decrease of 4.3%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥364,511,040.05, reflecting a decline of 38.43% year-over-year[5]. - Cash inflow from operating activities totaled approximately ¥2.05 billion in the first three quarters of 2022, down 12% from ¥2.33 billion in the same period of 2021[46]. - Net cash flow from operating activities was approximately ¥364.51 million, a decrease of 38.5% compared to ¥592.02 million in the first three quarters of 2021[46]. - Cash inflow from investment activities was approximately ¥1.51 billion, a decrease of 8.3% from ¥1.65 billion in the same period of 2021[46]. - Net cash flow from investment activities was approximately ¥72.98 million, down 80.7% from ¥379.34 million in the first three quarters of 2021[46]. - Cash inflow from financing activities was approximately ¥196.48 million, a decrease of 17.6% compared to ¥238.38 million in the same period of 2021[48]. - Net cash flow from financing activities was negative at approximately -¥463.02 million, worsening from -¥233.07 million in the first three quarters of 2021[48]. - The ending balance of cash and cash equivalents was approximately ¥2.05 billion, down from ¥2.56 billion at the end of the same period in 2021[48]. Shareholder Information - The company reported a total of 19,434 common shareholders at the end of the reporting period[21]. - The largest shareholder, Ma Ruimin, holds 53.88% of the shares, totaling 259,181,965 shares[21]. Operational Insights - The decline in revenue and profit was primarily attributed to the impact of the pandemic on sales[16]. - The company has no significant new product launches or technological developments reported in the current quarter[27]. - There are no updates on market expansion or mergers and acquisitions during this reporting period[27]. - The company has not indicated any new strategic initiatives in the current report[27]. Expenses - Research and development expenses for the first three quarters of 2022 were approximately $51.59 million, an increase of 12.06% compared to $45.84 million in the same period of 2021[40]. - The company reported a financial expense of approximately -$38.54 million for the first three quarters of 2022, compared to -$22.58 million in the same period of 2021[40]. - Deferred income tax liabilities decreased to approximately $3.94 million as of September 30, 2022, down from $5.01 million at the end of 2021, a reduction of 21.3%[34]. Inventory and Current Assets - Current assets decreased from RMB 3,200,000,000.00 in 2021 to RMB 3,042,000,000.00 in 2022, reflecting a reduction of about 4.94%[29]. - Cash and cash equivalents stood at RMB 2,047,883,355.36, slightly down from RMB 2,074,843,335.95 in the previous year, indicating a decrease of approximately 1.31%[29]. - Inventory increased to RMB 390,854,095.76 from RMB 323,339,224.03, marking a growth of around 20.93%[29]. - Accounts payable decreased from RMB 102,989,392.06 to RMB 71,314,050.67, a reduction of about 30.94%[32]. Foreign Exchange - The company reported a foreign exchange loss of approximately ¥1.15 million in the first three quarters of 2022, compared to a gain of ¥1.15 million in the same period of 2021[43].