Peacebird(SH:603877)2023-10-26 16:00Financial Performance - Q3 2023 revenue was CNY 1,622,033,273.46, a decrease of 19.96% compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 41,215,459.24, a decline of 314.32% year-on-year[5] - The total revenue for the company was 5,190,828,615.04 CNY, with a year-over-year decrease of 15.89%[30] - Total operating revenue for the first three quarters of 2023 was CNY 5,223,420,085.90, a decrease of 16.06% compared to CNY 6,223,418,009.28 in the same period of 2022[39] - Net profit for the first three quarters of 2023 was CNY 288,645,154.90, up from CNY 207,426,837.59 in 2022, representing an increase of 39.06%[40] - The net profit attributable to shareholders for the year-to-date increased by 37.37% to CNY 209,537,705.40[5] - The total comprehensive income amounted to 208,665,831.42, compared to 151,995,330.33 in the previous period, reflecting an increase of about 37.1%[60] Profitability Metrics - The gross profit margin for the apparel operation segment increased by 6.36 percentage points to 56.63% despite a revenue decline of 15.89%[12] - The gross profit margin for the overall business was 56.63%, which increased by 6.36 percentage points compared to the previous year[30] - Basic and diluted earnings per share for Q3 2023 were both -CNY 0.08, a decrease of 300% compared to the same period last year[16] - Basic and diluted earnings per share were both 0.45, up from 0.32 in the previous period, indicating a growth of approximately 40.6%[61] Asset and Liability Management - The total assets as of September 30, 2023, were CNY 7,961,933,087.79, down 6.89% from the end of the previous year[16] - The company's total current assets decreased to ¥5,308,897,574.77 from ¥5,688,416,663.40 at the end of 2022[55] - The company's total liabilities decreased to ¥3,000,000,000.00 from ¥3,500,000,000.00 year-over-year[44] - Total liabilities decreased to CNY 3,645,804,484.59 in 2023 from CNY 4,397,784,611.49 in 2022, a reduction of 17.06%[38] - The company's intangible assets decreased from 208,456,553.02 CNY to 168,684,890.00 CNY[22] Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was CNY 278,739,456.04[16] - The net cash flow from operating activities for Q3 2023 was ¥278,739,456.04, a decrease of ¥169,059,973.89 compared to the previous year[44] - Cash inflow from operating activities in the first three quarters of 2023 was CNY 5,395,766,981.06, a decrease of 18.36% from CNY 6,614,417,712.34 in 2022[43] - Cash outflow from operating activities for the first three quarters of 2023 was CNY 5,117,027,525.02, down 24.52% from CNY 6,783,477,686.23 in 2022[43] Operational Efficiency - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[17] - The company plans to continue expanding its market presence and investing in new product development[51] - The company experienced an increase in inventory impairment losses, impacting overall profitability[17] - The total number of stores decreased from 4,671 to 4,057, a net reduction of 614 stores, representing a decline of approximately 13.14%[21] Compliance and Governance - The company implemented adjustments to its financial statements due to the new accounting standards effective from January 1, 2023, impacting lease liabilities and right-of-use assets[64] - The company is focused on enhancing its financial reporting accuracy and compliance with the latest accounting standards[64] - The financial report was presented by key executives, including the company leader Zhang Jiangping and accounting head Wang Qinglin, ensuring accountability in financial disclosures[65] - The board of directors announced the financial results, emphasizing transparency and commitment to stakeholders[67]