Jiajiayue(SH:603708)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 reached CNY 4,788,440,294.88, representing a year-over-year increase of 4.46%[5] - Net profit attributable to shareholders for the same period was CNY 24,366,183.98, a significant increase of 71.55% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 820.40% to CNY 18,997,443.55[5] - Basic earnings per share for Q3 2023 was CNY 0.04, reflecting a 100.00% increase year-over-year[6] - Diluted earnings per share increased by 66.67% to CNY 0.05[6] - The weighted average return on equity rose to 0.94%, an increase of 0.33 percentage points compared to the previous year[6] - Total operating revenue for the first three quarters of 2023 was CNY 13,879,375,640.95, a decrease of 0.6% compared to CNY 13,963,173,469.70 in the same period of 2022[29] - Net profit for the first three quarters of 2023 was CNY 202,527,052.56, an increase of 23.4% compared to CNY 163,987,221.67 in the same period of 2022[30] - Basic earnings per share for the first three quarters of 2023 was CNY 0.33, up from CNY 0.31 in 2022, indicating a growth of 6.5%[31] - The total comprehensive income for the first three quarters of 2023 was CNY 202,742,702.58, an increase from CNY 164,713,922.14 in 2022, indicating a growth of 23.1%[31] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 14,788,724,989.96, up 2.87% from the end of the previous year[6] - Total liabilities as of the end of Q3 2023 were CNY 12,192,054,460.74, slightly down from CNY 12,319,649,644.15 at the end of Q3 2022[26] - Total equity attributable to shareholders of the parent company increased to CNY 2,597,211,189.70 from CNY 2,050,374,256.44, marking a growth of 26.7%[26] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,674,978,366.82, showing a growth of 9.71%[5] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 16,975,668,226.33, a decrease from CNY 17,898,712,366.93 in 2022, representing a decline of approximately 5.1%[33] - Net cash flow from operating activities for Q3 2023 was approximately $1.675 billion, an increase from $1.527 billion in Q3 2022, representing a growth of 9.7%[34] - Total cash and cash equivalents at the end of Q3 2023 reached approximately $2.541 billion, up from $2.209 billion at the end of Q3 2022, indicating a year-over-year increase of 15%[35] - Cash inflow from financing activities totaled approximately $1.382 billion in Q3 2023, compared to $876.82 million in Q3 2022, reflecting an increase of 57.5%[34] - Cash outflow from investing activities was approximately $1.269 billion in Q3 2023, compared to $1.939 billion in Q3 2022, showing a decrease of 34.5%[34] Store Operations - In Q3 2023, the company opened 31 new stores, including 6 comprehensive supermarkets and 10 snack stores, while closing 16 stores, resulting in a total of 1,023 stores by the end of the reporting period[13] - The company has a total of 976 directly operated stores and 47 franchised stores as of the end of Q3 2023[13] - The new stores opened in Q3 2023 include locations in Qingdao, Jinan, and Yantai, with various lease terms and sizes ranging from 252.84 m² to 27,980.21 m²[14][16] - In Q3 2023, the company closed 16 stores, resulting in a total area of 33,103.30 square meters affected, with 7 closures due to operational underperformance[18] - The company signed new leases for 11 stores in Q3 2023, with a total area of 2,800.00 square meters, including locations in Jinan and Weifang[19] Market Strategy - The company continues to expand its market presence through new store openings and strategic investments in the retail sector[13] - The company’s operational strategy includes a focus on community fresh food supermarkets and snack stores to cater to changing consumer preferences[13] - The company has made strategic adjustments by converting some community fresh food supermarkets to comprehensive supermarkets, impacting revenue dynamics[22] - The company plans to continue expanding its store network, focusing on both new openings and optimizing existing locations[19] Shareholder Information - The company reported a total of 401,786,932 shares outstanding, with the largest shareholder holding 362,852,709 shares, representing 62.07% of the total shares[12] - The company’s investment management subsidiary, Weihai Xinyue Investment Management Co., Ltd., is a significant shareholder with 47,569,157 shares, representing 7.35% of the total shares[12] - The company has a diverse portfolio of shareholders, including various investment funds and banks, with the top ten shareholders holding a significant portion of the shares[12] Financial Adjustments - The company reported a decrease in financial expenses to CNY 183,228,748.85 in 2023 from CNY 218,433,531.11 in 2022, reflecting a reduction of approximately 16.1%[29] - The company’s investment loss for the first three quarters of 2023 was CNY 8,231,860.10, compared to a profit of CNY 9,003,892.26 in the same period of 2022[29]