Better Life(SZ:002251)2022-10-24 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 2,136,545,549.71, a decrease of 32.42% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was CNY 3,855,698.64, representing an increase of 86.71% year-on-year[5] - Total profit decreased by 83.98% to ¥42,182,480.01 from ¥263,335,657.36 year-on-year, primarily due to slow consumer recovery and intense competition in the retail sector[14] - Net profit for Q3 2022 was CNY 33,603,300.71, a significant drop of 83.0% compared to CNY 196,972,211.06 in Q3 2021[25] - Total comprehensive income for the period was CNY 51,218,392.66, a significant decrease from CNY 1,224,030,765.18 in the previous period[26] - Basic and diluted earnings per share were CNY 0.0216, down from CNY 0.2097 in the same period last year[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 1,432,537,214.09, down 22.79% from the previous year[5] - Net cash flow from operating activities was CNY 1,432,537,214.09, compared to CNY 1,855,459,842.55 in the previous year, reflecting a decline of approximately 22.7%[29] - Cash inflow from operating activities totaled CNY 9,688,575,323.53, down from CNY 15,713,859,253.68, indicating a decrease of about 38.5%[29] - Cash outflow from operating activities was CNY 8,256,038,109.44, compared to CNY 13,858,399,411.13, representing a reduction of approximately 40.3%[29] - Net cash flow from investing activities worsened by 47.89% to -¥1,235,304,802.43 from -¥835,286,374.17, largely due to the previous year's cash inflow from the asset securitization project[16] - Cash inflow from financing activities was CNY 7,047,585,264.84, an increase from CNY 6,120,767,743.07 in the previous year[29] - Cash outflow from financing activities totaled CNY 7,705,333,383.38, compared to CNY 7,015,686,556.49, indicating an increase of approximately 9.8%[29] - The ending cash and cash equivalents balance was CNY 177,813,034.90, down from CNY 632,888,571.61 in the previous period[29] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 30,298,072,127.23, a decrease of 6.32% from the beginning of the year[11] - The company's total liabilities decreased by 35.63% to CNY 2,297,673,334.62, mainly due to payments made for previously stocked goods[12] - Current liabilities decreased to CNY 16,010,517,142.88, down 12.6% from CNY 18,326,317,410.08[22] - The company’s total liabilities decreased to CNY 22,618,382,167.88 from CNY 24,723,811,546.60, a reduction of 8.5%[22] - Long-term borrowings increased by 46.05% to CNY 2,294,715,479.56, attributed to structural adjustments in financing[12] - Long-term borrowings increased to CNY 2,294,715,479.56, up from CNY 1,571,165,821.69, representing a growth of 46.0%[22] Inventory and Expenses - The company's inventory decreased by 65.66% to CNY 540,802,429.10 compared to the beginning of the year, primarily due to reduced stock levels after a peak in sales[11] - The inventory level dropped significantly to ¥540,802,429.10 from ¥1,575,075,775.95, indicating a reduction in stock[20] - Research and development expenses were CNY 18,269,093.83, down from CNY 21,488,470.34, a decrease of 15.0%[24] - Interest expenses increased by 59.71% to ¥1,208,839.61 compared to ¥756,905.94 in the same period last year[14] - The company reported a decrease in tax expenses by 87.07% to ¥8,579,179.30 from ¥66,363,446.30, mainly due to the decline in profits[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,792[17] - The largest shareholder, Bubu Gao Investment Group Co., Ltd., holds 34.99% of shares, with 302,241,133 shares pledged[17] Audit Status - The report for the third quarter was not audited[30]