SHKK(SH:900943)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 46.95% to CNY 14,186,692.80 year-on-year[7] - Operating revenue for the first nine months was CNY 640,310,570.81, a decrease of 0.42% compared to the same period last year[7] - Basic earnings per share dropped by 45.45% to CNY 0.06[7] - Total profit decreased by 34.88% to ¥25,769,649.09 from ¥39,572,055.25, impacted by increased competition in the self-owned brand market and strategic acquisitions[13][16] - Net profit for Q3 2019 decreased to ¥2,611,097.78 from ¥5,408,971.46 in Q3 2018, reflecting a decline of about 51.6%[22] - The total profit for Q3 2019 was ¥6,839,155.36, down from ¥7,917,133.33 in Q3 2018, reflecting a decrease of approximately 13.7%[22] - The net profit for the first three quarters of 2019 was ¥24,030,421.81, down 28% from ¥33,266,127.91 in the same period of 2018[24] Assets and Liabilities - Total assets increased by 2.20% to CNY 1,039,668,385.26 compared to the end of the previous year[7] - Current liabilities totaled CNY 292,577,143.07, a slight increase from CNY 287,965,407.89 in the previous period, reflecting a 0.4% rise[18] - Total liabilities increased slightly to CNY 521,241,004.89 from CNY 516,238,563.13, marking a 1.0% increase[18] - The company's equity attributable to shareholders rose to CNY 512,991,246.89 from CNY 495,377,328.47, reflecting an increase of about 3.2%[18] - Total current assets surged to CNY 205,678,484.20 from CNY 81,309,707.33, representing a significant increase of approximately 153.5%[19] - Total liabilities amounted to CNY 516,238,563.13 as of January 1, 2019[30] - Total assets were reported at CNY 621,302,879.03, indicating no change from the previous period[32] Cash Flow - Net cash flow from operating activities for the first nine months was negative at CNY -9,239,686.71, an improvement from CNY -20,692,751.19 in the previous year[7] - Cash flow from operating activities for the first three quarters of 2019 was negative at -¥9,239,686.71, an improvement from -¥20,692,751.19 in the same period of 2018[26] - The company reported cash inflow from investment activities of ¥258,596,726.83 in the first three quarters of 2019, compared to ¥235,757,754.96 in 2018[26] - The net cash flow from investment activities was positive at ¥17,085,926.48, contrasting with a negative cash flow of -¥48,184,332.01 in the same period of 2018[26] - The company received 29,050,168.62 RMB in investment income during the first three quarters of 2019, down from 34,496,592.29 RMB in the same period of 2018[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,449[9] - The largest shareholder, Shanghai Kaikai (Group) Co., Ltd., held 26.51% of the shares[9] - No significant changes in the shareholding structure or related party transactions were reported among the top shareholders[10] Current Assets and Liabilities - Accounts receivable increased by 35.18% to ¥143,015,161.81 from ¥105,799,565.59 due to increased sales on credit during the reporting period[13] - Prepayments surged by 474.74% to ¥4,936,124.94 from ¥858,839.95, primarily due to increased procurement prepayments[13] - Other current assets rose by 316.84% to ¥6,525,841.96 from ¥1,565,537.97, attributed to increased prepaid rent by subsidiaries[13] - Cash and cash equivalents increased to CNY 40,780,562.25 from CNY 30,857,442.24, a growth of approximately 32.5%[19] - Accounts payable decreased to CNY 114,525,079.02 from CNY 131,828,585.87, representing a decline of approximately 13.2%[18] Strategic Initiatives - The company plans to continue its strategic expansion and investment in brand development projects following the acquisition of Shanghai Beihigh New Medical Center Co., Ltd.[16] - The company implemented new financial instrument standards starting January 1, 2019, which require retrospective adjustments for prior financial data[34] - The revised standards affect the recognition and measurement of financial instruments, with no adjustments needed for prior comparative financial statements[34]