Anzheng Fashion(SH:603839)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥492,730,800.05, a decrease of 23.45% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥2,370,544.69, down 91.01% year-on-year[5] - The net cash flow from operating activities for Q3 2023 was ¥62,416,205.55, a decline of 247.80% compared to the previous year[6] - Basic earnings per share for Q3 2023 were ¥0.01, down 85.71% from the same period last year[6] - The net profit attributable to shareholders for the year-to-date period was ¥30,311,291.72, down 33.68% year-on-year[5] - The company reported a net profit excluding non-recurring items of ¥-4,290,464.13 for Q3 2023, which is not applicable for year-on-year comparison[5] - The total comprehensive income attributable to the parent company for Q3 2023 was CNY 30,311,291.72, compared to CNY 45,704,483.26 in Q3 2022, representing a decrease of approximately 33.8%[30] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.08, down from CNY 0.12 in Q3 2022, indicating a decline of 33.3%[30] - Net profit for the first three quarters of 2023 was ¥28,632,517.70, a decrease of 36.38% from ¥45,084,506.37 in the same period of 2022[29] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,646,727,334.52, a decrease of 13.55% from the end of the previous year[6] - The company's total assets as of the end of Q3 2023 amounted to ¥2,646,727,334.52, compared to ¥3,061,627,039.02 at the end of Q3 2022[26] - Total liabilities decreased to ¥636,287,384.14 in Q3 2023 from ¥754,516,917.90 in Q3 2022, indicating a reduction of 15.65%[26] - The company's equity attributable to shareholders was ¥1,978,407,523.54, down from ¥2,076,172,555.87 in the previous year, representing a decline of 4.73%[26] Cash Flow - The company's cash and cash equivalents decreased from RMB 430,390.56 million at the end of 2022 to RMB 323,834.32 million by September 30, 2023[24] - Cash and cash equivalents at the end of Q3 2023 stood at CNY 322,445,941.72, down from CNY 506,931,998.35 at the end of Q3 2022, a decrease of approximately 36.2%[32] - The company reported a net decrease in cash and cash equivalents of CNY 43,081,043.52 for Q3 2023, compared to a net decrease of CNY 123,920,903.63 in Q3 2022, showing an improvement of approximately 65.3%[32] - Net cash flow from operating activities for the first three quarters of 2023 was CNY 113,711,589.85, an increase of 25.3% compared to CNY 90,744,142.15 in the same period of 2022[31] - Cash inflow from operating activities totaled CNY 1,775,204,171.65 for the first three quarters of 2023, slightly down from CNY 1,883,209,930.61 in 2022, reflecting a decrease of about 5.7%[31] - The net cash flow from investing activities for Q3 2023 was CNY 38,470,178.35, significantly up from CNY 3,059,049.65 in Q3 2022, marking an increase of over 1,200%[31] - Total cash outflow from financing activities for Q3 2023 was CNY 254,603,080.41, compared to CNY 326,842,352.98 in Q3 2022, indicating a reduction of about 22.1%[31] Sales and Revenue - Total revenue for the third quarter of 2023 reached RMB 177,488.62 million, representing a year-on-year increase of 5.45%[14] - Online sales accounted for 52.64% of total revenue, with a gross profit margin of 25.73%, while offline sales made up 47.36% with a gross profit margin of 70.41%[19] - The brand JZ achieved revenue of RMB 66,296.69 million, with a gross profit margin of 64.61%, reflecting a year-on-year revenue increase of 6.26%[14] - The brand IMM reported a revenue of RMB 14,670.25 million, with a gross profit margin of 79.39%, showing a year-on-year revenue increase of 5.64%[14] - The company’s revenue from e-commerce operations was RMB 69,096.06 million, reflecting a year-on-year increase of 33.82%[19] Inventory and Store Operations - The total inventory value as of September 30, 2023, was RMB 657,923.01 million, down from RMB 769,080.25 million at the end of 2022[24] - The number of physical stores decreased from 795 at the end of 2022 to 759 by September 2023, with a total of 107 new openings and 143 closures in the first nine months of 2023[12] - The company’s online sales for clothing reached RMB 24,336.18 million, a year-on-year decline of 12.58%[19] Research and Development - Research and development expenses for the first three quarters of 2023 were ¥45,365,166.93, a decrease of 14.23% compared to ¥52,867,935.64 in the same period of 2022[28] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[29]