ST雪发(002485) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥168,964,907.36, a decrease of 47.44% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥18,965,010.17, representing a 32.39% increase in loss year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥8,843,852.56, which is a 42.30% improvement compared to the previous year[5]. - Total operating revenue for the third quarter was CNY 658.85 million, a decrease of 47.4% compared to CNY 1,253.43 million in the same period last year[28]. - Net profit for the third quarter was CNY 30.77 million, compared to a net loss of CNY 21.19 million in the same quarter last year[29]. - Basic and diluted earnings per share were CNY 0.0567, recovering from a loss of CNY 0.0374 per share in the previous year[30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,131,487,284.41, a decrease of 22.40% from the end of the previous year[5]. - As of September 30, 2023, the company's total assets amounted to CNY 2.131 billion, down from CNY 2.747 billion at the beginning of the year[25]. - The company's current liabilities decreased to CNY 710.384 million as of September 30, 2023, from CNY 1.311 billion at the beginning of the year[25]. - The total liabilities decreased to CNY 715.43 million from CNY 1,349.87 million year-over-year[28]. - The total equity attributable to shareholders of the parent company increased to CNY 1,416.22 million from CNY 1,385.33 million[28]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥64,837,254.11, a 108.57% increase in outflow compared to the previous year[5]. - Cash flow from operating activities generated a net cash inflow of CNY 5.56 million, a significant improvement from a net outflow of CNY 64.84 million in the same period last year[30]. - The net cash flow from investment activities was 222,746,128.98 CNY, a significant increase from 16,342,156.01 CNY in the previous year[31]. - Total cash inflow from financing activities amounted to 328,896,490.01 CNY, while cash outflow was 112,654,534.69 CNY, resulting in a net cash flow of -112,654,534.69 CNY[31]. - The net increase in cash and cash equivalents for the quarter was 115,648,193.51 CNY, compared to a decrease of 20,031,640.48 CNY in the same period last year[31]. - The ending balance of cash and cash equivalents reached 183,312,573.78 CNY, up from 37,131,576.96 CNY year-over-year[31]. Operational Changes - The company reported a decrease of 48.97% in operating costs compared to the same period last year, mainly due to the reduction in operating revenue[10]. - Sales expenses decreased by 63.28% compared to the same period last year, mainly due to reduced marketing expenses in the apparel business[11]. - R&D expenses decreased by 100.00% compared to the same period last year, primarily due to no new R&D expenses incurred during the period[11]. - Other income increased by 2,058.21% compared to the same period last year, mainly due to an increase in government subsidies received[11]. - Investment income decreased by 107.00% compared to the same period last year, primarily due to losses recognized from hedging activities[11]. - Fair value changes in profit and loss decreased by 73.59% compared to the same period last year, mainly due to reduced fair value gains from the disposal of shops[11]. Strategic Actions - The company plans to continue leasing/selling up to 10 shops with a total book value not exceeding RMB 386 million to enhance asset efficiency[16]. - The company has completed the sale of a shop in Zibo for a total transaction amount of RMB 3.90 million, with all proceeds received and transfer procedures completed[16]. - The company reached a settlement with China Huarong, paying a restructuring compensation of CNY 24.216 million on April 27, 2023[18]. - As of April 27, 2023, the company has repaid a total of CNY 221.216 million in principal and interest owed by Xi'an Tiannan, including CNY 192 million in principal and CNY 29.216 million in restructuring compensation[18]. - The company is actively working on responding to the Shenzhen Stock Exchange's inquiry regarding its 2022 annual report[22]. - The company has applied to the Shenzhen Stock Exchange to lift the delisting risk warning on its stock, which is currently under review[21]. Audit and Compliance - The company did not undergo an audit for the third quarter report[32].