若羽臣(003010) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥286,442,034.77, representing a 25.93% increase compared to the same period last year[4] - The net profit attributable to shareholders decreased by 70.62% to ¥6,584,382.39 in Q3 2021, and the year-to-date net profit decreased by 28.26% to ¥46,411,146.38[4] - The basic earnings per share for Q3 2021 was ¥0.0541, down 77.96% year-on-year[4] - Total operating revenue for Q3 2021 reached ¥884,190,192.76, an increase of 13.1% compared to ¥781,924,683.43 in Q3 2020[25] - Net profit for Q3 2021 was ¥48,187,089.65, a decrease of 38.9% from ¥78,847,756.44 in Q3 2020[25] - The company reported a total comprehensive income of CNY 45,539,344.34 for Q3 2021, down from CNY 64,653,162.83 in Q3 2020[26] - The company incurred a tax expense of CNY 5,776,475.44 in Q3 2021, down from CNY 13,964,174.79 in Q3 2020[26] Assets and Liabilities - Total assets increased by 8.75% to ¥1,275,915,551.65 compared to the end of the previous year[5] - Current assets totaled ¥1,230,781,771.81 as of September 30, 2021, compared to ¥1,130,687,963.99 at the end of 2020, reflecting an increase of 8.8%[22] - Total liabilities increased to ¥189,147,387.06 in Q3 2021, up 55.4% from ¥122,355,114.89 at the end of 2020[23] - Total assets reached ¥1,275,915,551.65 as of September 30, 2021, compared to ¥1,173,272,959.62 at the end of 2020, an increase of 8.7%[22] - Current liabilities reached CNY 116.88 million, including short-term borrowings of CNY 54.95 million and accounts payable of CNY 20.32 million[33] - Total liabilities were reported at CNY 122.36 million, with non-current liabilities accounting for CNY 5.47 million[34] Cash Flow - Cash flow from operating activities showed a net outflow of ¥143,763,122.98, a decrease of 278.72% compared to the same period last year[12] - Operating cash flow for Q3 2021 was negative CNY 143,763,122.98, compared to negative CNY 37,960,282.29 in Q3 2020[30] - The total operating cash outflow for Q3 2021 was CNY 1,148,635,871.09, compared to CNY 885,574,033.39 in Q3 2020[30] - The company had a net cash inflow from investing activities of CNY 5,253,294.11 in Q3 2021, compared to CNY 1,277,675.64 in Q3 2020[30] Inventory and Expenses - Inventory increased by 69.24% to ¥444,921,693.92 due to growth in retail business and preparations for the Double 11 shopping festival[8] - Sales expenses increased by 46.79% to ¥186,290,412.75, primarily due to increased marketing and employee compensation[11] - Research and development expenses for Q3 2021 were ¥23,267,128.77, up 25.0% from ¥18,537,025.41 in Q3 2020[25] Shareholder Information - The top shareholder, Wang Yu, holds 28.11% of the shares, amounting to 34,207,048 shares, with 10,791,600 shares pledged[15] - The company’s major shareholders include Langzi Co., Ltd. with 12.33% and Tianjin Ruoyuchen Enterprise Management Consulting Partnership (Limited Partnership) with 7.89%[15] - The company’s shareholding structure indicates significant control by the actual controllers, Wang Yu and Wang Wenhui, who are spouses[15] Corporate Governance - The company adjusted its board of directors from 9 members to 7 members to enhance operational efficiency and strategic decision-making[18] - The company has completed the election of its third board of directors and supervisory board, following the expiration of the second term[19] Strategic Initiatives - The company completed a targeted capital reduction for its associate, Shengke (Beijing) Information Technology Co., Ltd., reducing its registered capital from RMB 15 million to RMB 7.65 million, with a total cash recovery of RMB 794.37 million[17] - The company’s strategic planning aims to optimize asset structure and improve operational efficiency through the capital reduction[17] Compliance and Reporting - The report indicates a focus on compliance with new accounting standards, reflecting a strategic shift in financial reporting practices[35] - The third quarter report was not audited, indicating preliminary financial data[37]