Bestore(SH:603719)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 2,108,341,056.45, a decrease of 1.84% compared to the same period last year[7]. - The net profit attributable to shareholders was CNY 94,134,475.48, down 23.64% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 89,921,932.36, an increase of 0.57% compared to the same period last year[7]. - The basic earnings per share for the quarter was CNY 0.24, a decrease of 22.58% year-on-year[10]. - Net profit for the third quarter of 2022 was RMB 287,416,084.86, a decrease of 9.48% from RMB 317,589,717.33 in the third quarter of 2021[39]. - Earnings per share for the third quarter of 2022 were RMB 0.72, down from RMB 0.79 in the same quarter of the previous year[40]. - The company reported a total profit of RMB 368,796,439.37 for the third quarter of 2022, down from RMB 423,662,860.87 in the same quarter of 2021[39]. - The company experienced a decrease in tax expenses, reporting RMB 81,380,354.51 for the third quarter of 2022, down from RMB 106,073,143.54 in the same period of 2021[39]. Assets and Liabilities - The total assets at the end of the quarter were CNY 4,727,474,677.86, a decrease of 12.93% compared to the end of the previous year[10]. - The company's current assets totaled approximately RMB 3.31 billion, down from RMB 4.04 billion, indicating a decrease of around 18.06%[29]. - Total liabilities were reported at approximately RMB 2.38 billion, down from RMB 3.28 billion, reflecting a reduction of about 27.36%[32]. - Current liabilities decreased to approximately RMB 2.17 billion from RMB 3.07 billion, indicating a decline of about 29.23%[32]. - The company reported a significant reduction in accounts payable, which fell to approximately RMB 756 million from RMB 1.11 billion, a decrease of about 32.00%[32]. - The total liabilities and equity amounted to RMB 4,727,474,677.86, a decrease from RMB 5,429,789,111.43 year-over-year[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 581,795,078.16, an increase of 47.86%[10]. - The cash inflow from operating activities for the first three quarters of 2022 was CNY 8,187,586,568.42, an increase of 13.5% compared to CNY 7,210,094,849.61 in the same period of 2021[43]. - The net cash flow from operating activities was CNY 581,795,078.16, up from CNY 393,467,095.48 in the previous year, representing a growth of 47.8%[43]. - The total cash outflow from investment activities was CNY 90,776,541.67, significantly lower than CNY 210,686,067.61 in the same period last year, indicating a reduction of 56.9%[45]. - The net cash flow from investment activities was -CNY 52,224,472.51, an improvement from -CNY 170,256,240.30 in the previous year[45]. - The cash inflow from financing activities was CNY 0, compared to CNY 108,185,911.66 in the same period last year[45]. - The net cash flow from financing activities was -CNY 326,898,942.97, slightly worse than -CNY 326,537,210.37 in the previous year[45]. - The cash and cash equivalents at the end of the period amounted to CNY 1,877,693,315.81, an increase from CNY 1,811,202,350.13 at the end of the previous year[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,284[18]. - The company's total equity attributable to shareholders reached RMB 2,348,669,739.19, an increase from RMB 2,145,654,599.85 year-over-year[34]. - The company’s minority shareholders' equity decreased to RMB 180,059.12 from RMB 8,470,759.09 year-over-year[34]. Research and Development - Research and development expenses for the third quarter of 2022 were RMB 38,114,661.53, compared to RMB 24,375,738.35 in the same quarter of 2021, marking a significant increase of 56.36%[37]. Inventory and Receivables - Accounts receivable decreased to approximately RMB 466 million from RMB 660 million, a decline of about 29.27%[29]. - Inventory levels dropped significantly to approximately RMB 522 million from RMB 1.13 billion, a decrease of around 53.83%[29]. - The company reported a significant increase in cash flow due to the recovery of accounts receivable from the year-end sales[18]. Other Information - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[25]. - Non-recurring gains and losses for the quarter totaled CNY 4,212,543.12, with government subsidies contributing CNY 6,219,509.63[11]. - The company received CNY 150,776,637.30 from other operating activities, up from CNY 121,726,557.54 in the same period last year, reflecting a growth of 23.9%[43]. - The company paid CNY 627,383,388.26 in taxes, which is a significant increase from CNY 312,535,034.21 in the previous year, representing a rise of 100.5%[43].