Grandbuy(002187)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached CNY 4,322,930,179, representing a year-on-year increase of 15.25% compared to CNY 3,750,923,693 in the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 367,077.79, a significant turnaround from a loss of CNY 45,037,082.66 in the previous year, marking an increase of 100.82%[5]. - The basic earnings per share for Q3 2023 was CNY 0.00, compared to a loss of CNY 0.07 per share in the same period last year, reflecting a 140.00% improvement[5]. - The company's operating profit increased by 153.44% year-on-year, attributed to optimized store operations and reduced expenses[11]. - Total profit increased by 153.67% year-on-year, primarily driven by the increase in operating profit[15]. - Net profit rose by 144.83% compared to the same period last year, mainly due to the increase in operating profit[15]. - Comprehensive income increased by 168.00% year-on-year, primarily due to the increase in operating profit[15]. - The company reported a total comprehensive income of ¥40,911,713.10, compared to a loss of ¥60,168,199.61 in the previous period, showing a positive shift in overall financial health[28]. - The company achieved a basic earnings per share of ¥0.04, recovering from a loss of ¥0.10 per share in the previous period[28]. Asset Management - The company's total assets as of the end of Q3 2023 were CNY 9,082,829,654.52, a decrease of 2.62% from CNY 9,327,439,850.80 at the end of the previous year[5]. - Accounts receivable increased by 48.51% compared to the beginning of the period, primarily due to increased sales during the Mid-Autumn Festival and National Day holidays[9]. - Prepayments increased by 61.64% compared to the beginning of the period, mainly for stocking up in anticipation of the peak sales season for electrical appliances[9]. - The company reported a cash balance of RMB 2.97 billion as of September 30, 2023, down from RMB 3.09 billion at the beginning of the year[24]. - The company’s accounts receivable increased to RMB 83.20 million from RMB 56.02 million at the beginning of the year, indicating a growth of approximately 48.5%[24]. - Inventory levels rose to RMB 368.67 million from RMB 318.08 million, reflecting an increase of about 15.9%[24]. Investment Activities - The net cash received from the disposal of fixed assets increased by 83.91% compared to the same period last year, indicating improved asset management[13]. - Cash inflow from investment activities increased by 150.49% year-on-year, mainly due to the recovery of term deposits[15]. - Cash outflow from investment activities increased by 313.01% year-on-year, primarily due to the increase in term deposits[15]. - Investment activities resulted in a net cash outflow of ¥625,442,196.93, compared to a smaller outflow of ¥68,310,715.60 in the previous period, indicating increased investment activity[29]. Liabilities and Equity - The company's total liabilities decreased to RMB 5.05 billion from RMB 5.34 billion at the beginning of the year[25]. - The company's equity attributable to shareholders increased to RMB 4.01 billion from RMB 3.97 billion at the beginning of the year[25]. Tax and Deferred Taxes - The company’s tax expenses for the current period were ¥14,592,876.32, compared to a tax benefit of -¥16,024,880.67 in the previous period, indicating a return to taxable income[28]. - The company adjusted deferred tax assets from CNY 185,978,599.97 on December 31, 2022, to CNY 717,219,124.28 on January 1, 2023, reflecting an increase of CNY 531,240,524.31[31]. - Deferred tax liabilities increased from CNY 49,492,541.58 on December 31, 2022, to CNY 580,733,065.89 on January 1, 2023, also showing an increase of CNY 531,240,524.31[31]. Other Notable Events - The company adjusted the performance commitment period, extending it to 2023 and 2024, with net profit targets of no less than RMB 151.45 million, RMB 154.23 million, and RMB 158.63 million for the years 2021, 2023, and 2024 respectively[20]. - The company canceled 642,000 stock options from the first phase of the stock incentive plan due to unmet performance conditions for 2022[21]. - The company purchased the Tianhe Vanke Plaza property for RMB 880 million, covering an area of 58,975.38 square meters and including 461 ownership parking spaces and 790 usage rights parking spaces[22]. - The third quarter report has not been audited[32].