BYBON(SZ:300736)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was ¥66,424,631.38, a decrease of 30.51% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥4,485,984.60, an increase of 166.78% year-on-year[3]. - Total revenue for Q3 2021 was CNY 251,942,035.80, a decrease of 25.6% compared to CNY 339,010,574.77 in Q3 2020[30]. - Net profit for Q3 2021 was CNY 10,078,999.37, compared to a net loss of CNY 26,624,083.06 in Q3 2020[31]. - The net profit attributable to the parent company was ¥10,078,999.37, compared to a net loss of ¥26,560,217.11 in the previous period[32]. - The total comprehensive income attributable to the parent company was ¥10,078,999.37, while the previous period showed a total comprehensive loss of ¥26,560,217.11[32]. - Basic and diluted earnings per share were both ¥0.08, recovering from a loss of ¥0.20 in the previous period[32]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period reached ¥34,045,118.88, representing a 191.20% increase compared to the previous year[13]. - Operating cash inflow totaled ¥305,678,644.46, down 18.9% from ¥376,846,056.43 in the previous period[35]. - The net cash flow from operating activities was ¥34,045,118.88, a significant improvement from a net outflow of ¥37,332,033.42 in the previous period[35]. - Cash and cash equivalents at the end of the period were ¥72,909,735.60, down from ¥142,346,745.46 at the end of the previous period[36]. - The net cash flow from investing activities was -¥44,313,070.53, worsening from -¥10,437,564.31 in the previous period[35]. - The net cash flow from financing activities was -¥25,556,598.94, compared to -¥1,357,586.35 in the previous period[36]. - The company received ¥5,000,000.00 from borrowings during the period, with no previous borrowings reported[35]. - Total assets at the end of Q3 2021 were ¥233,525,852.56, a decrease of 14.05% from the end of the previous year[3]. - Total assets as of September 30, 2021, were CNY 233,525,852.56, down from CNY 271,707,158.53 at the end of 2020[28]. - The company’s total equity as of September 30, 2021, was CNY 166,754,821.20, down from CNY 183,751,250.99 at the end of 2020[29]. Operating Costs and Expenses - The company's operating costs decreased by 32.98% to ¥202,855,682.65 for the year-to-date period, primarily due to the termination of a certain brand's authorized repair business[10]. - Total operating costs for Q3 2021 were CNY 251,185,250.73, down 33.4% from CNY 376,760,406.42 in the same period last year[30]. - The company’s management expenses decreased by 44.83% to ¥24,604,816.29 for the year-to-date period, attributed to improved management efficiency[10]. - The company reported a gross profit of CNY 86,086,353.15 for Q3 2021, compared to CNY 36,327,318.83 in Q3 2020[30]. Share Repurchase and Equity - The company repurchased shares, resulting in a 239.55% increase in treasury stock to ¥39,677,208.85[8]. - The company repurchased a total of 2,234,980 shares, accounting for 1.72% of the total share capital, with a total transaction amount of approximately RMB 27.99 million[22]. - The maximum transaction price during the repurchase was RMB 13.48 per share, while the minimum was RMB 11.76 per share[22]. - The company plans to use its own funds to repurchase shares for employee stock ownership plans or equity incentives, with a total repurchase amount not less than RMB 25 million and not exceeding RMB 50 million[22]. - The company has a total of 25,888,686 restricted shares at the end of the reporting period, with various unlock conditions based on management and incentive plans[19]. - The company plans to unlock 25% of the restricted shares annually for certain executives[18]. - The company has initiated the process to repurchase and cancel certain restricted stocks and stock options due to non-compliance with performance conditions[25]. Litigation and Legal Matters - The company has ongoing litigation involving amounts of RMB 178,000, RMB 283.29 million, and RMB 422.1 million, with no significant judgments made yet[21]. - The company has not disclosed any significant undisclosed litigation matters[20]. - The company has not identified any other related relationships among the top ten shareholders[16]. Inventory and Receivables - The company’s inventory decreased by 40.82% to ¥18,766,640.45, reflecting enhanced inventory turnover and optimization of inventory structure[8]. - Accounts receivable decreased to CNY 16,405,084.77 from CNY 23,594,486.51, a decline of 30.5%[28]. - Inventory decreased to CNY 18,766,640.45 from CNY 31,708,491.34, a reduction of 40.8%[28].