IDEAL(SZ:002740)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥145,559,027.34, a decrease of 63.75% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥10,383,765.44, down 51.44% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥5,896,224.08, reflecting a decline of 78.09% compared to the previous year[4] - The basic earnings per share for Q3 2021 was ¥0.02, down 54.26% year-on-year[4] - The net profit for Q3 2021 was CNY 14,007,347.55, a decrease of 48.7% compared to CNY 27,147,576.08 in the same period last year[20] - The total profit for Q3 2021 was CNY 23,689,582.53, down from CNY 50,219,339.75, reflecting a decline of 52.8% year-over-year[20] - Operating profit for the quarter was CNY 17,837,056.99, significantly lower than CNY 50,814,820.33 in Q3 2020, indicating a decrease of 64.9%[20] - The total comprehensive income for the quarter was CNY 14,005,508.25, a decrease of 48.7% compared to CNY 27,078,222.21 in the same period last year[20] Cash Flow and Liquidity - The operating cash flow for the year-to-date period was -¥21,411,045.86, a decrease of 58.48% year-on-year[4] - Cash flow from operating activities showed a net outflow of CNY -21,411,045.86, compared to a net outflow of CNY -51,567,690.29 in the previous year[23] - The company reported a net cash outflow from investing activities of CNY -6,145,465.98, compared to a net inflow of CNY 6,121,596.42 in the previous year[24] - Cash flow from financing activities generated a net inflow of CNY 19,229,238.10, an increase from CNY 9,271,081.61 in Q3 2020[24] - The company's cash and cash equivalents decreased to CNY 9,853,909.22 from CNY 18,223,218.00, indicating a liquidity challenge[15] - Cash and cash equivalents at the end of the period were CNY 9,853,909.22, compared to CNY 8,431,177.83 at the end of the same quarter last year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,637,962,780.59, a slight decrease of 0.21% from the end of the previous year[5] - As of September 30, 2021, the company's total assets amounted to CNY 2,637,962,780.59, a slight decrease from CNY 2,643,520,347.50 at the end of 2020[15] - The company's total liabilities were CNY 1,720,478,184.82, down from CNY 1,740,041,259.98 at the end of 2020, indicating a reduction in financial obligations[17] - The total owner's equity as of September 30, 2021, was CNY 917,484,595.77, compared to CNY 903,479,087.52 at the end of 2020, reflecting a positive change in equity[17] - The company reported a total liability of CNY 1,740,041,259.98, with current liabilities at CNY 1,594,137,706.16[28] - Non-current assets totaled CNY 488,404,839.71, including fixed assets of CNY 36,489,666.54 and intangible assets of CNY 95,311,114.46[29] - The company has a total equity of CNY 903,479,087.52, with a capital reserve of CNY 1,784,263,150.75[29] Operational Challenges - The company faced challenges due to the pandemic, leading to store closures and a significant drop in revenue[9] - The company reported an increase in other operating income due to contract expirations or breaches by franchisees, resulting in non-refundable deposits[9] - The company is facing uncertainty regarding a restructuring application submitted by creditors, which may impact future operations and stock status[13] Inventory and Receivables - Accounts receivable decreased to CNY 656,711,101.97 from CNY 748,406,375.52, reflecting a reduction in credit sales or improved collection efforts[15] - Inventory increased to CNY 1,359,961,542.71 from CNY 1,271,335,252.89, suggesting potential overstocking or decreased sales[16] - The company’s accounts receivable stood at CNY 748,406,375.52, while inventory was valued at CNY 1,271,335,252.89[27]