ST摩登(002656) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was ¥47,445,013.81, a decrease of 42.58% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥21,639,945.83, representing a decline of 161.76% year-on-year[5]. - The basic earnings per share were -¥0.0304, down 161.79% from ¥0.0492 in the same period last year[7]. - The company's operating revenue decreased by 38.64% year-on-year to ¥169,695,009.07, while operating costs fell by 52.12% to ¥56,629,261.20, primarily due to macroeconomic downturns and ongoing pandemic impacts[21]. - Total operating revenue decreased to ¥169.70 million from ¥276.57 million, a decline of approximately 38.7% year-over-year[69]. - Operating profit recorded a loss of ¥61.27 million compared to a loss of ¥27.63 million in the previous period[70]. - Net profit increased to ¥44.99 million from ¥14.61 million, representing a growth of approximately 207.5% year-over-year[70]. - Basic and diluted earnings per share improved to ¥0.0632 from ¥0.0205, an increase of approximately 208.8%[71]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥14,891,782.54, a decrease of 85.32% compared to the previous year[7]. - The net cash flow from operating activities decreased by 85.32% to ¥14,891,782.54, as the previous year included a significant transfer of funds from long-term deposits[30]. - The net cash flow from financing activities decreased by 31.92% to -¥10,709,910.22, primarily due to the absence of cash received from loans this year[31]. - The net cash flow from operating activities for Q3 2022 was ¥14,891,782.54, a decrease of 85.3% compared to ¥101,445,167.74 in the previous period[74]. - Total cash outflow from operating activities amounted to ¥258,975,977.92, down 27.8% from ¥358,956,126.03 in the prior period[74]. - The cash flow from financing activities showed a net outflow of -¥10,709,910.22, compared to -¥15,730,934.85 in the previous period, indicating a reduced cash burn[74]. - Cash and cash equivalents at the end of the period totaled ¥107,833,400.41, a decrease of 51.8% from ¥223,995,901.15 at the end of the previous period[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,054,310,799.70, down 5.05% from the end of the previous year[7]. - The company's total liabilities as of September 30, 2022, were RMB 251,260,445.23, down from RMB 359,917,029.96 at the start of the year, indicating a reduction of approximately 30.2%[65]. - The company's cash and cash equivalents decreased by 59.50% to ¥130,459,028.28 due to investment activities during the reporting period[11]. - The company's total equity attributable to shareholders increased by 7.01% to ¥802,087,788.09 compared to the end of the previous year[7]. - The company reported a total equity of RMB 803,050,354.47 as of September 30, 2022, an increase from RMB 750,503,847.25 at the beginning of the year[67]. Investments and Expenses - The company's construction in progress increased by 106.30% to ¥7,861,273.72, primarily due to increased store renovations[14]. - The company's long-term deferred expenses rose by 73.40% to ¥9,620,579.63, attributed to new store renovations still being amortized[15]. - The company invested RMB 24,900 million in establishing the Foshan Taiyuan No. 1 Equity Investment Partnership, with a total fund size of RMB 25,000 million[59]. - The company increased its investment in Nanjing Jiayuan New Energy Co., Ltd. by RMB 24,000 million, acquiring a 16.70% stake in the company[59]. - Research and development expenses decreased to ¥4.45 million from ¥6.23 million, a decline of approximately 28.5% year-over-year[69]. - Sales expenses decreased to ¥103.90 million from ¥136.57 million, a decline of approximately 23.9% year-over-year[69]. Legal and Regulatory Issues - The company is actively communicating with the buyer regarding the outstanding debt of ¥3,000,000 related to the sale of a subsidiary's equity[35]. - On July 14, 2022, the controlling shareholder, Ruifeng Group, was applied for bankruptcy liquidation by Guangzhou Bank due to its inability to repay due debts and evident lack of repayment capability[46]. - The company was ordered to bear joint liability for 50% of the debts related to a loan agreement amounting to RMB 122.5 million, as ruled by the Guangzhou Intermediate People's Court[40]. - The company successfully appealed a ruling that required it to compensate for debts related to a loan agreement, resulting in a favorable judgment from the Guangdong High Court[40]. - The company is involved in ongoing litigation regarding the improper guarantee of loans amounting to RMB 100.64 million, with a second-instance ruling ordering the return of RMB 70.45 million[39]. - The company has faced legal challenges regarding the improper use of its name for guarantees without authorization, leading to significant financial implications[38]. - The company has been actively involved in legal proceedings to recover funds and address liabilities arising from the actions of its controlling shareholder[39]. - The company disclosed significant updates on major litigation cases, indicating ongoing legal risks and potential financial impacts[39]. - The company received a bankruptcy liquidation application for its controlling shareholder, Ruifeng Group, which is currently under court management[47]. - The company is actively filing claims related to the controlling shareholder's fund occupation and guarantee violations to protect investor interests[47]. Shareholder Information - As of September 30, 2022, the controlling shareholder's non-operating fund occupation amounted to RMB 241.93 million, accounting for 32.24% of the latest audited net assets[45]. - As of the report date, the controlling shareholder and its concerted actions hold a total of 130,303,964 shares, accounting for 18.29% of the company's total share capital[56]. - Ruifeng Group's passive reduction plan involved a total of 490,819 shares, representing 0.0689% of the company's total share capital, which was completed by April 20, 2022[48]. - From July 19 to August 8, 2022, Ruifeng Group passively reduced its holdings by 7,125,100 shares, accounting for 1.00% of the total share capital[50]. - The controlling shareholder and its concerted actions have committed to voluntarily lock up their shares until May 24, 2025, to ensure sustainable development[57]. - The company maintains operational independence from its controlling shareholder, ensuring that the bankruptcy proceedings will not significantly impact daily operations[47].