Bestore(SH:603719)2020-10-25 16:00Financial Performance - Operating income for the first nine months was ¥5,529,868,543.81, representing a slight increase of 1.29% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥263,648,413.14, a decrease of 16.15% year-on-year[18]. - Basic earnings per share for the period was ¥0.67, a decrease of 22.99% compared to the same period last year[20]. - The weighted average return on net assets decreased by 11.07 percentage points to 14.41%[20]. - Total operating revenue for Q3 2020 was approximately ¥1.92 billion, a slight decrease of 1.8% compared to ¥1.96 billion in Q3 2019[56]. - Operating profit for Q3 2020 was approximately ¥135.25 million, down 17.5% from ¥163.99 million in Q3 2019[61]. - Net profit for Q3 2020 was approximately ¥101.52 million, a decrease of 16.7% compared to ¥121.84 million in Q3 2019[61]. - The company reported a total comprehensive income attributable to shareholders of approximately ¥102.73 million in Q3 2020, compared to ¥119.22 million in Q3 2019[62]. - The company reported a decrease in total comprehensive income for the first three quarters of 2020 to CNY 237.60 million from CNY 71.68 million in the same period of 2019[77]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,941,597,244.45, an increase of 2.87% compared to the end of the previous year[18]. - Current assets totaled RMB 3,154,165,275.44, up from RMB 3,014,904,523.23 in the previous year, indicating an increase of about 4.63%[40]. - Total liabilities decreased to RMB 1,938,165,323.00 from RMB 2,366,542,162.20, a decline of about 18.06%[46]. - The total liabilities of the company stand at approximately $2.37 billion, indicating a significant leverage position[92]. - The company has $521.51 million in fixed assets, indicating substantial investment in physical capital[89]. - Total liabilities were reported at $470,297,618.98, with non-current liabilities at $1,437,500.00[101]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥2,002,666,763.13, reflecting a significant increase of 41.47% year-on-year[18]. - The total number of shareholders at the end of the reporting period was 32,682[26]. - The largest shareholder, Ningbo Hanyi Investment Management Partnership, held 37.30% of the shares, with 26,000,000 shares pledged[26]. - Shareholders' equity increased to RMB 2,003,431,921.45 from RMB 1,465,152,471.39, representing a growth of approximately 36.66%[46]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥88,828,357.49, down 74.50% from the previous year[18]. - The net cash flow from investment activities was -¥403,844,916.78, a reduction compared to the previous year due to decreased bank financial investments[36]. - The net cash flow from financing activities was ¥370,257,110.26, primarily influenced by funds raised from the IPO and cash dividend payments[36]. - The cash inflow from operating activities totaled 745,657,421.54 RMB, down from 920,787,562.19 RMB, indicating a decline in operational cash generation[84]. - The total cash outflow from investing activities was 441,498,423.61 RMB, down from 664,590,419.09 RMB, resulting in a net cash flow from investing activities of -403,844,916.78 RMB[82]. Expenses - Research and development expenses increased to approximately ¥7.96 million in Q3 2020, up 29.5% from ¥6.14 million in Q3 2019[59]. - Sales expenses for Q3 2020 were approximately ¥422.07 million, an increase of 12.8% compared to ¥373.80 million in Q3 2019[59]. - Operating expenses increased to CNY 53.47 million in Q3 2020 from CNY 34.02 million in Q3 2019, marking a rise of 57.5%[70]. - The cash paid for employee compensation was 547,185,285.46 RMB, slightly up from 526,467,119.50 RMB[82]. - The cash paid for taxes increased to 416,289,993.02 RMB from 357,518,669.82 RMB, reflecting a 16.5% rise[82]. Changes in Financial Reporting - The company reclassified $150.06 million from advance receipts to contract liabilities and other current liabilities due to the new revenue recognition standards[95]. - Contract liabilities were reported at $140.93 million, reflecting the company's obligations for unfulfilled contracts[95]. - The company has adopted the new revenue recognition standards since January 1, 2020, impacting the financial reporting structure[102].