LBX(SH:603883)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥4,785,357,499, representing a year-over-year increase of 25.28%[4] - Net profit attributable to shareholders for Q3 2022 was ¥153,121,988, an increase of 20.79% compared to the same period last year[4] - The net cash flow from operating activities for Q3 2022 was ¥888,194,249, reflecting a significant increase of 46.09% year-over-year[5] - For the first three quarters of 2022, the company achieved a revenue of 13.776 billion RMB, representing a year-on-year growth of 22.13%[18] - The net profit attributable to shareholders for the same period was 610 million RMB, an increase of 14.46% year-on-year[18] - The net profit excluding non-recurring gains and losses was 567 million RMB, reflecting an 18.8% year-on-year growth[18] - Net profit for the third quarter of 2022 was RMB 713,468,825, compared to RMB 611,888,827 in the same quarter of 2021, reflecting a growth of 16.61%[43] - Total revenue for the first three quarters of 2022 reached RMB 13,776,423,150, a 22.14% increase from RMB 11,280,378,196 in the same period of 2021[41] Assets and Equity - The total assets at the end of Q3 2022 amounted to ¥20,268,370,197, which is a 19.52% increase from the previous year[5] - The company's equity attributable to shareholders increased by 45.25% year-over-year, reaching ¥6,329,238,036 at the end of Q3 2022[5] - The company's total assets increased to RMB 20,268,370,197, up from RMB 16,958,085,717, representing a growth of 19.06%[39] - The company's equity attributable to shareholders increased to RMB 6,329,238,036, a rise of 45.16% from RMB 4,357,582,532[39] Profitability Metrics - Basic earnings per share for Q3 2022 were ¥0.26, a decrease of 15.55% compared to the same period last year[5] - The weighted average return on net assets for Q3 2022 was 2.41%, a decrease of 0.76 percentage points year-over-year[5] - The gross margin for the retail segment was 36.31%, with a slight decrease of 0.32 percentage points compared to the previous year[20] - The company experienced a quarterly increase in net profit growth rates, with Q3 showing a 29.34% increase excluding non-recurring items[19] Operational Highlights - The company operated 10,327 stores as of September 30, 2022, with 7,362 being direct-operated and 2,965 being franchised[24] - The company completed 10 acquisition projects in the first three quarters of 2022, totaling 1,956.23 million RMB and acquiring 813 stores[29] - The company achieved a 29% year-on-year growth in delivery revenue from its franchising business, amounting to 1.2 billion RMB in the first three quarters of 2022[31] - The total number of stores with medical insurance qualifications reached 6,747, representing 91.65% of the total stores[28] - The company’s total store count in the Central China region increased to 2,772, with a net addition of 926 stores in the first three quarters of 2022[25] Marketing and Sales - The company’s marketing network covers 20 provincial markets and over 140 cities, focusing on expanding into lower-tier cities and rural areas[31] - The company signed over 600 franchise agreements during the "716 Live Broadcast Recruitment" event, highlighting its strong appeal in the franchising sector[31] - The sales of the company's private label products in Q3 amounted to 584 million RMB, representing a year-on-year growth of 24.3%, with a gross profit increase of 27%[32] - The proportion of unified procurement sales in Q3 was 66%, an increase of 3 percentage points compared to the same period last year[32] - The company's online sales exceeded 900 million RMB in the first three quarters of 2022, marking an 81% year-on-year increase[34] Cash Flow and Investments - Cash flow from operating activities generated CNY 15,656,823,436, up from CNY 12,888,230,006 in the previous year[46] - Net cash flow from operating activities was CNY 1,902,833,218, compared to CNY 1,671,401,910 in the same period last year[46] - Cash outflow from investing activities totaled CNY 1,867,526,193, an increase from CNY 1,632,205,995 year-over-year[47] - The company raised CNY 1,731,098,160 from investments, significantly higher than CNY 5,473,093 in the same period last year[47] - The ending cash and cash equivalents balance was CNY 1,451,238,745, up from CNY 415,950,006 at the end of the previous year[47] Inventory and Efficiency - The average inventory turnover days as of September 2022 was 90 days, maintaining a leading position in the industry[32] - The digital transformation led to a reduction of approximately 100 million RMB in store inventory by the end of Q3, enhancing inventory turnover efficiency[34]