Peacebird(SH:603877)2022-10-27 16:00Financial Performance - Revenue for Q3 2022 was CNY 202,655.26 million, a decrease of 15.35% year-over-year[11] - Net profit attributable to shareholders for Q3 2022 was CNY 1,923.06 million, down 86.53% compared to the same period last year[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY -185.38 million, a decline of 101.56% year-over-year[11] - Basic earnings per share for Q3 2022 was CNY 0.04, a decrease of 86.67% compared to the same period last year[14] - The weighted average return on equity for Q3 2022 was 0.47%, a decrease of 3.06 percentage points year-over-year[14] - Total operating revenue for the first three quarters of 2022 was ¥6,223,418,009.28, a decrease of 16.0% compared to ¥7,408,956,264.57 in the same period of 2021[42] - Operating profit for the first three quarters of 2022 was ¥213,655,674.19, a significant decline of 73.0% from ¥792,876,326.33 in 2021[42] - The total profit for the current period is approximately ¥207.43 million, compared to ¥757.62 million in the previous period, indicating a significant decline[45] - The net profit for the current period is approximately ¥151.99 million, down from ¥553.24 million, reflecting a decrease of about 72.6% year-over-year[45] - The basic and diluted earnings per share for the current period are both ¥0.32, compared to ¥1.18 in the previous period, representing a decline of approximately 72.88%[45] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 851,266.12 million, a decrease of 16.50% compared to the end of the previous year[14] - Total assets decreased to ¥8,512,661,169.30 from ¥10,194,457,005.60, reflecting a decline of 16.5%[39] - Total liabilities decreased to ¥4,401,204,291.69 from ¥5,924,381,303.19, a reduction of 25.6%[39] - Non-current liabilities totaled ¥1,043,291,425.70, down 17.7% from ¥1,268,477,280.85[39] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was CNY -16,906.00 million, reflecting a decline of 397.72%[14] - Cash flow from operating activities shows a net outflow of approximately ¥169.06 million, contrasting with a net inflow of ¥56.78 million in the previous year[48] - Cash inflow from investment activities is approximately ¥4.21 billion, down from ¥5.66 billion, indicating a decrease of about 25.6%[52] - Cash outflow from investment activities totals approximately ¥3.52 billion, compared to ¥5.17 billion in the previous period, showing a reduction of about 31.8%[52] - The net cash flow from financing activities is negative at approximately ¥870.13 million, compared to a negative cash flow of ¥265.72 million in the previous year[52] - The ending balance of cash and cash equivalents is approximately ¥759.24 million, down from ¥863.34 million, reflecting a decrease of about 12.06%[52] - The company’s cash and cash equivalents decreased to RMB 778,242,090.44 from RMB 1,147,621,404.12 year-on-year[34] Sales and Market Performance - The company reported a significant decline in retail sales, impacting overall revenue and profit margins[16] - The revenue from the PEACEBIRD women's segment was RMB 250,051.66 million, a decline of 22.66% year-on-year[27] - Online sales revenue was RMB 184,074.22 million, with a gross margin of 41.87%, reflecting a decrease of 2.03 percentage points[31] - The gross profit margin for the apparel operations was 50.27%, down by 3.57 percentage points year-on-year[27] Store Operations - The number of direct-operated stores decreased from 1,616 to 1,442, resulting in a net reduction of 174 stores[31] - The total number of franchise stores decreased from 3,598 to 3,422, resulting in a net reduction of 176 stores[31] Future Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing product development strategies[25] - Future outlook includes a focus on market expansion and potential new product launches to drive revenue growth[42] Government Support - Government subsidies recognized in Q3 2022 amounted to CNY 1,875.51 million, contributing to non-recurring gains[14]