证券代码：300268 证券简称：佳沃食品 佳沃食品股份有限公司 投资者关系活动记录表 编号：2022-016 | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|------------------------------|----------------|---------------------------------|-------|-------|------------------------------------------------------|-------| | | | | | | | | | | | | | □特定对象调研 □分析师会议 | | | | | | 投资者关系活动 类别 | □新闻发布会 | | □媒体采访 □业绩说明会 □路演活动 | | | | | | | □现场参观 | | | | | | | | | 其他 | | | | | | | | 参与单位名称及 人员姓名 | 国联证券 | 孙凌波、陈安宇 | | | | | | | 时 间 | 2022 年 9 月 28 ...

证券代码：300268 证券简称：佳沃食品 佳沃食品股份有限公司 投资者关系活动记录表 编号：2022-012 | --- | --- | --- | |----------------|---------------------------|---------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | 其他（电话会议） | | | | | | | | 国联证券 陈梦瑶、孙凌波 | | | | 国元证券 | 凌晨 | | | | 天风证券 蒋梦晗、金模楹、林毓鑫 | | | 东亚前海证券 汪玲、赵雅斐 | | | | 华西证券 魏心欣 | | | | 华安证券 | 万定宇 | | | 海通证券 颜慧菁 | | | | 中信证券 | 黎刘定吉 | | | 惠通基金 刘利钊 | | | 参与单位名称及 | 广发基金 王伯铭 | | | 人员姓名 | 长城国瑞 戴晓彬 | | | | 交银施罗德 杨金金 | | | | 中 ...

证券代码：300268 证券简称：佳沃食品 佳沃食品股份有限公司 投资者关系活动记录表 编号：2022-018 | --- | --- | --- | --- | --- | |-----------------------|-------------------------------|--------------------|--------------------------------------------|------------------------| | | □ 特定对象调研 | □ 分析师会议 | | | | 投资者关系活动 | □ 媒体采访 □ | 业绩说明会 | | | | 类别 | □ 新闻发布会 □ | 路演活动 | | | | | □ 现场参观 | | | | | | 其他 | | | | | | 国元证券 | 邓晖、何军、单蕾 | | | | | 贵州展金投资 | 石开荣、曾凡芹 | | | | 参与单位名称及 | 升水投资 | 张宏叶 | | | | 人员姓名 | 西藏香山 | 朱麟 | | | | | 枫瑞资产 | 吴蕊 | | | | | 大隐投资 | 周锐、高红星 | ...

证券代码：300268 证券简称：佳沃食品 佳沃食品股份有限公司 投资者关系活动记录表 编号：2022-017 | --- | --- | --- | |----------------|-------------------------|-----------------------------------------------| | | | | | | | □特定对象调研 □分析师会议 | | 投资者关系活动 | | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | 其他（电话会） | | | | | | | | 国联证券 孙凌波 | | | | 中信证券 罗寅、黎刘定吉 | | | | 天风证券 蒋梦晗、林毓鑫 | | | | | 东亚前海证券 汪玲、赵雅斐、申钰雯 | | | 东北证券 陈科诺、郭梦婕 | | | | 兴业证券 | 金含、林佳雯、郭晓东 | | | 华西证券 周莎、魏心欣 | | | | 华安证券 万定宇 | | | | 中金研究部 沈旸 | | | 参与单位名称及 | 财通证券 李天阳、王子昂 | | | 人员姓名 | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,599,943,970.21, representing a 39.14% increase year-over-year[4] - The net profit attributable to shareholders was a loss of ¥67,995,573.13, a decrease of 323.52% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥67,230,025.83, down 316.90% year-over-year[4] - The company reported a significant increase in investment income of 92,262% year-over-year, attributed to increased investment income from joint ventures[8] - The overall revenue growth in Q3 2022 was driven by increased sales prices and volumes, despite a price correction in the salmon market due to seasonal factors[15] - The company faced significant cost pressures in Q3 2022, with feed procurement prices reaching historical highs due to rising prices of grains and oils[15] - The fair value change loss for Q3 2022 was -17,621.47 million RMB, a significant decline compared to -4,287.93 million RMB in Q3 2021, marking a -311% change year-over-year[24] - The company reported a foreign exchange loss of approximately 720.93 thousand RMB in Q3 2022, a significant decline of 116% year-over-year[37] - Interest expenses for the first three quarters of 2022 totaled approximately 27.63 million RMB, influenced by rising floating interest rates on USD borrowings[40] - The total comprehensive income for the third quarter was CNY 358,646,520.88, a decrease of 122,896,138.13 compared to the previous period[50] Assets and Equity - Total assets at the end of the reporting period were ¥13,064,259,020.66, an increase of 15.61% from the end of the previous year[4] - The company's equity attributable to shareholders increased by 44.86% to ¥914,307,240.11 compared to the end of the previous year[4] - The company's total assets increased to CNY 13,064,259,020.66, compared to CNY 11,300,420,797.67 at the end of the previous year, reflecting a growth of 15.6%[46] - The total equity attributable to shareholders of the parent company increased to CNY 914,307,240.11 from CNY 631,173,109.33, marking a growth of 45.0%[46] Cash Flow - Cash flow from operating activities for the year-to-date was ¥379,390,250.94, up 22.42%[4] - The net cash flow from operating activities was CNY 379,390,250.94, an increase from CNY 309,897,669.73 in the previous period[52] - The cash flow from financing activities resulted in a net outflow of CNY 76,037,222.87, compared to a net inflow of CNY 38,892,333.41 in the previous period[52] - The cash inflow from financing activities was CNY 1,380,160,078.12, while cash outflow was CNY 1,456,197,300.99[52] - The company reported a total operating cash inflow of CNY 4,608,019,554.76, an increase from CNY 4,127,297,360.35 in the previous period[52] - The cash flow from investment activities showed a net outflow of CNY 352,228,290.58, compared to a net outflow of CNY 346,789,566.44 in the previous period[52] Sales and Production - Australis, a subsidiary, achieved revenue of RMB 1.332 billion in Q3 2022, a 70% year-on-year increase, and an operating profit of RMB 183 million, up 42% year-on-year[14] - For the first three quarters of 2022, Australis reported revenue of RMB 3.016 billion, a 30% increase year-on-year, and a net profit of RMB 320 million, up 348% year-on-year[14] - The total harvest volume in Q3 2022 reached 32,752 tons WFE, representing a 119% increase from 14,941 tons WFE in Q3 2021[27] - The sales volume in Q3 2022 was 26,967 tons WFE, a 45% increase compared to 18,644 tons WFE in Q3 2021[17] - The Atlantic salmon harvest in Q3 2022 was 30,314 tons WFE, up 103% from 14,941 tons WFE in Q3 2021[27] - The company harvested 70,914 tons WFE in the first three quarters of 2022, a 17% increase from 60,626 tons WFE in the same period of 2021[28] - Total sales volume for the first three quarters of 2022 was 62,899 tons WFE, a 3% decrease from 64,601 tons WFE in the same period of 2021[30] Market and Brand Development - The domestic salmon business strengthened collaboration with Australis, resulting in a significant year-on-year increase in sales volume in the Chinese market[16] - The company expanded its market presence through various channels, including the "Jiawo Fresh" seafood retail brand and the "Chuan Xiong Tong Xue" children's nutrition brand[16] - The company’s overall brand influence continued to grow, with various business segments achieving different levels of growth[16] - The average sales price for salmon remained higher than the previous year despite a quarter-over-quarter decline due to market price adjustments[21] - The average selling price of Atlantic Salmon in Q3 2022 was $7.03 per kg WFE, slightly down from $7.04 in Q3 2021 but higher than $6.40 in Q3 2020[31] Costs and Expenses - Total operating costs amounted to CNY 3,895,619,545.28, up 8.1% from CNY 3,604,231,071.57 year-on-year[48] - The company reported a significant increase in sales expenses, which reached CNY 182,079,310.22, up 57.0% from CNY 115,832,050.95 in the previous year[49] - The cost of goods sold for Atlantic Salmon in Q3 2022 was $4.50 per kg WFE, up from $3.76 in Q3 2021, primarily due to rising feed costs and inflationary pressures[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,632[10] - The top shareholder, Jiawo Group Co., Ltd., holds 46.08% of shares, amounting to 80,265,919 shares, with 40,200,000 shares pledged[10] Future Outlook - The company aims to enhance its market presence and explore new product development strategies to drive future growth[49] - The harvesting weight for Q4 2022 is projected to be 28,556 tons WFE, contributing to an estimated total of 99,470 tons WFE for the entire year, a 9.14% increase from initial plans[35] - Research and development expenses were not detailed, indicating a potential area for future investment focus[49]

1 佳沃食品股份有限公司 证券代码：300268 证券简称：佳沃食品 公告编号：2022-061 佳沃食品股份有限公司 关于参加湖南辖区上市公司2022年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步增强与广大投资者的互动交流，佳沃食品股份有限公司（以下简称 "公司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会 与深圳市全景网络有限公司联合举办的"湖南辖区上市公司2022年投资者网上 集体接待日"活动，现将有关事项公告如下： 本次投资者网上接待日活动将通过深圳市全景网络有限公司提供的互联网 平台举行，投资者可以登陆"全景·路演天下"网站（http://rs.p5w.net），参与 公司本次投资者网上接待日活动，活动时间为2022年9月29日（星期四） 15:30-17:00。 届时公司董事会秘书和证券事务代表将通过网络在线交流问答互动的形式， 与投资者进行沟通与交流。欢迎广大投资者积极参与。 特此公告。 佳沃食品股份有限公司 董 事 会 2022 年 9 月 22 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,386,251,443.63, representing a 7.14% increase compared to CNY 2,227,130,012.34 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 154,958,188.22, a significant turnaround from a loss of CNY 136,406,115.21, marking a 213.60% increase[20]. - The net profit after deducting non-recurring gains and losses was CNY 151,626,931.41, compared to a loss of CNY 154,618,001.74 in the previous year, reflecting a 198.07% improvement[20]. - The net cash flow from operating activities was CNY 255,483,550.00, up 5.65% from CNY 241,827,853.02 in the same period last year[20]. - Basic earnings per share increased to CNY 0.8895 from a loss of CNY 0.7830, representing a 213.60% growth[20]. - The total assets at the end of the reporting period were CNY 12,505,548,860.42, a 10.66% increase from CNY 11,300,420,797.67 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company rose to CNY 879,448,700.21, up 39.34% from CNY 631,173,109.33 at the end of the previous year[20]. - The weighted average return on net assets was 20.52%, a significant increase of 36.48% from -15.97% in the previous year[20]. - The gross profit margin for the core subsidiary Australis improved significantly to 19.9%, up from -1.02% in the previous year, contributing to a net profit of CNY 154,958,200 for the first half of 2022, a substantial increase of CNY 291,364,300 year-on-year[91]. - The company reported a significant decrease in operating costs, with a reduction of 11.42% in operating costs to CNY 1,978,842,931.23 compared to CNY 2,233,948,756.26 in the previous year[91]. Market Trends and Demand - The global seafood protein industry saw a record aquaculture production of 122.6 million tons in 2020, valued at USD 281.5 billion, with a projected 15% increase in total seafood consumption by 2030[30]. - Salmon supply is expected to remain tight, with a 6% year-on-year decrease in global Atlantic salmon supply in the first half of 2022, primarily due to reduced harvests in Norway and Chile[33]. - The demand for salmon is recovering, with a compound annual growth rate of 9% in total consumption value from 2012 to 2021, indicating strong market demand despite supply constraints[34]. - The average per capita consumption of seafood has increased from 9.9 kg in the 1960s to 20.2 kg in 2020, reflecting a growing demand for seafood products[30]. - The global seafood market is experiencing price recovery due to increased demand as pandemic restrictions ease, with retail channels seeing higher demand than before[31]. - The demand for salmon in the U.S. continues to grow, with retail channel demand remaining high and showing resilience even after the recovery of the food service channel[35]. - The average price of cod fillets is rising globally due to supply shortages and increased demand, compounded by rising costs in fishing, processing, and transportation[40]. Production and Supply Chain - The company has standardized production processes, ensuring traceability and stable quality, while actively developing diverse product lines to meet varying consumer demands in China and the U.S.[43]. - The company has a stable procurement advantage for high-quality seafood, including salmon, cod, and Arctic shrimp, ensuring a reliable supply chain[46]. - The company employs a modernized, closed-system farming model for salmon, ensuring high-quality fish through rigorous monitoring and quality control[52]. - The company has established strategic partnerships with multiple factories in South China and East China to enhance supply chain stability and product quality[63]. - The company has implemented advanced information systems for monitoring the entire salmon farming process, ensuring efficient feeding and disease control[78]. - The company has maintained stable production and supply, effectively mitigating risks from natural disasters and marine predators through strategic planning and management[81]. Sustainability and Environmental Practices - The company is committed to sustainable practices in salmon farming, which has a lower carbon footprint compared to other land-based animal farming[29]. - The company is committed to sustainable development, with salmon farming producing only 5.1 kg of CO2 equivalent per kg of salmon, compared to 39.0 kg for beef[79]. - The company has established a strict environmental management system and has not faced any major environmental issues during the reporting period[137]. - The company has implemented an emergency response plan for environmental incidents, which has been filed with local environmental authorities[138]. - The company is the first global salmon producer to use biodegradable packaging, certified by the FDA, which decomposes within 6 to 20 months[143]. Strategic Initiatives and Future Outlook - The company is actively expanding its market presence in China through new product development, brand operation, and sales channel enhancement[62]. - The company is investing 100 million RMB in R&D for new technologies related to sustainable seafood production[127]. - Market expansion efforts include entering three new international markets by the end of 2022, targeting a 5% increase in global market share[127]. - The company plans to enhance its digital marketing strategy, allocating 50 million RMB to increase brand awareness and customer engagement[127]. - Future outlook remains positive, with a commitment to sustainability and innovation as key drivers for growth in the coming years[127]. Corporate Governance and Compliance - The company emphasizes strict compliance with corporate governance laws and actively involves the board in management and overseas asset control[142]. - The company has established diverse communication channels for investors to ensure their rights and interests are protected[140]. - The company adheres to labor laws and has implemented a comprehensive employee training program to enhance staff skills[141]. Risks and Challenges - The company faces risks from raw material price fluctuations due to increasing scarcity of marine resources, which may adversely affect gross margin and net profit levels[118]. - The company is exposed to trade environment and exchange rate fluctuation risks, which could impact business operations and profitability[119]. - The management highlighted a focus on improving operational efficiency, aiming for a 5% reduction in production costs by Q4 2022[127].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,223,196,377.86, representing a 6.16% increase compared to CNY 1,152,213,847.21 in the same period last year[3]. - Net profit attributable to shareholders was CNY 110,118,183.37, a significant turnaround from a net loss of CNY 156,251,327.86 in the previous year, marking a 170.48% increase[3]. - The net profit after deducting non-recurring gains and losses was CNY 104,661,970.14, compared to a loss of CNY 157,182,159.01 last year, reflecting a 166.59% improvement[3]. - The company achieved a revenue of 1,223.20 million RMB in the first quarter of 2022, representing a year-on-year growth of 6.16%[10]. - The net profit attributable to shareholders reached 110.12 million RMB, a significant increase of 170.48% year-on-year[10]. - Net profit for Q1 2022 was CNY 149,282,286.82, compared to a net loss of CNY 191,910,810.79 in the same period last year, indicating a significant turnaround[25]. - The company reported a net profit attributable to the parent company of CNY 104,259,117.53, compared to a loss of CNY 147,317,311.95 in the previous period[26]. - Total comprehensive income for the period was CNY 142,195,601.55, a recovery from a loss of CNY 180,858,323.52 in the previous period[26]. Assets and Liabilities - The company's total assets increased by 1.41% to CNY 11,459,782,810.30 from CNY 11,300,420,797.67 at the end of the previous year[3]. - Current liabilities rose to CNY 5,708,249,580.76 from CNY 5,263,070,335.07, an increase of about 8.5%[21]. - Long-term borrowings decreased to CNY 2,164,273,596.89 from CNY 2,597,529,747.56, a decline of approximately 16.7%[21]. - The company's total liabilities amounted to CNY 10,263,560,259.65, slightly up from CNY 10,251,840,809.58, indicating a stable leverage position[21]. - The equity attributable to shareholders of the parent company increased to CNY 740,879,187.87 from CNY 631,173,109.33, a growth of approximately 17.4%[22]. Cash Flow - The net cash flow from operating activities decreased by 15.75% to CNY 134,637,920.07 from CNY 159,799,976.99 in the previous year[3]. - Net cash flow from operating activities was CNY 134,637,920.07, down from CNY 159,799,976.99 in the previous period, indicating a decrease of about 15.73%[29]. - The net cash flow from financing activities was CNY 24,624,515.64, compared to a negative cash flow of CNY 354,352.52 in the previous period, showing a positive turnaround[29]. - The company experienced a net cash outflow from investing activities of CNY 141,780,033.63, worsening from a net outflow of CNY 113,389,749.94 in the previous period[29]. - Cash and cash equivalents at the end of the period totaled CNY 197,235,601.69, down from CNY 211,918,855.57 in the previous period[30]. Operational Metrics - The total harvest volume for Q1 2022 was 19,840 tons, down 28% from 27,709 tons in Q1 2021[12]. - The sales volume in Q1 2022 was 18,209 tons, a decrease of 32% compared to 26,613 tons in Q1 2021[13]. - The average selling price of Atlantic Salmon increased to $6.91 per kg in Q1 2022, up from $4.28 per kg in Q1 2021[15]. - The unit cost of Atlantic Salmon rose to $4.17 per kg in Q1 2022, compared to $3.38 per kg in Q1 2021, due to increased operational and feed costs[15]. - The company plans to harvest approximately 91,142 tons for the full year 2022, with an estimated 18,163 tons for Q2 2022[16]. Investment and Income - The company reported a 404.89% increase in non-operating income, primarily due to the cancellation of a subsidiary's liabilities[8]. - Long-term equity investments grew by 197.92% compared to the beginning of the year, attributed to investment income from joint ventures[8]. - The company reported a significant increase in investment income of CNY 1,135,584.70, compared to no income reported in the previous year[23]. Expenses - The company experienced a 37.49% increase in selling expenses, mainly due to higher import disinfection costs[8]. - Total operating costs decreased to CNY 1,220,872,056.57 from CNY 1,359,198,584.10, a reduction of about 10.2%[23]. - The company paid CNY 110,970,512.85 in employee compensation, a decrease from CNY 117,923,400.92 in the previous period[29]. Share Issuance - The company is set to issue A-shares at a price of 14.80 RMB per share, aiming to raise between 515.63 million RMB and 773.45 million RMB for working capital[17].

Financial Performance - In 2021, the company reported a loss due to the impact of the pandemic, rising logistics and raw material costs, and increased operational expenses[5]. - The company recorded a goodwill impairment of CNY 164.02 million in 2021[6]. - The company's operating revenue for 2021 was ¥4,597,218,164.16, representing a 1.60% increase from ¥4,525,007,475.06 in 2020[24]. - The net profit attributable to shareholders was -¥288,681,797.16, an improvement of 59.52% compared to -¥713,233,948.43 in the previous year[24]. - The net cash flow from operating activities increased by 242.96% to ¥303,886,024.78 from ¥88,606,301.90 in 2020[24]. - The total assets at the end of 2021 were ¥11,300,420,797.67, a 2.67% increase from ¥11,006,213,936.23 at the end of 2020[24]. - The net assets attributable to shareholders decreased by 32.02% to ¥631,173,109.33 from ¥928,426,556.57 in 2020[24]. - The company reported a basic earnings per share of -¥1.6572, improving by 66.53% from -¥4.9513 in 2020[24]. - The company achieved a gross profit margin of 6.07% in 2021, a decrease of 10.25% compared to the previous year[100]. - The total operating revenue for 2021 was approximately ¥4.60 billion, representing a year-on-year increase of 1.60% from ¥4.53 billion in 2020[97]. Market Strategy and Expansion - The company plans to strengthen overseas asset operations and aggressively develop the Chinese market in 2022, expecting continuous improvement in operational performance[7]. - The company aims to expand its product matrix by developing value-added products and enhancing brand exposure[5]. - The company is focusing on resource integration and operational efficiency improvements to recover profitability as the salmon industry gradually recovers[5]. - The company aims to enhance public health and nutrition awareness, aligning with the national "Healthy China" strategy[36]. - The company plans to expand its market presence in China while consolidating its positions in Europe and Asia-Pacific regions[95]. - The company has established new subsidiaries, including Hainan Fengjia Food Co., Ltd., and Hainan Wozhen Beef Import and Export Trade Co., Ltd., to enhance its operational scope[104]. - The company plans to enhance its market expansion in China through six dimensions: product, brand, supply chain, business collaboration, food material upgrade, and sales channels[155]. - The company is actively forming a research and development team to upgrade food products from raw frozen items to ready-to-eat salmon products[156]. Product Development and Innovation - The company aims to optimize its product structure and develop new products to adapt to market changes and improve profitability[95]. - The company launched the high-nutrition children's food brand "Chuan Xiong Tong Xue" in Q3 2021, which has received positive consumer feedback, indicating a strong market response[68]. - The company has launched the global brand "Southring" and the retail brand "Mama Bear" to target the growing family consumption segment in the global market[92]. - The company is focused on brand building to enhance consumer recognition and trust, which is crucial for future product development and market expansion[51]. - The company has developed a high-end brand, Southring, from its Chilean processing plant to enhance brand premium in China[155]. Supply Chain and Operational Efficiency - The company is committed to enhancing management and operational efficiency amid rising costs and logistical challenges[5]. - The company’s procurement strategy is proactive, closely monitoring raw material price trends and market supply-demand conditions to adjust procurement plans accordingly[63]. - The company’s processing facilities ensure strict quality control and microbiological analysis during the production of value-added salmon products[62]. - The company’s salmon farming model includes a comprehensive supply chain from egg hatching to processing, ensuring high-quality output[69]. - The company has established a comprehensive food safety assurance system, minimizing food safety risks through standardized production and management practices[82]. Industry Trends and Challenges - The global seafood protein industry faces challenges due to supply chain instability and rising operational costs caused by the pandemic[38]. - The demand for high-quality animal protein, particularly seafood, is expected to increase significantly in China due to rising health consciousness among consumers[37]. - The global salmon supply growth is expected to slow, with a projected average annual growth rate of 4% from 2020 to 2024[40]. - The average feed cost in the global salmon industry accounts for 45%-55% of the total production cost, with rising commodity prices putting pressure on these costs[45]. - The company faces risks from raw material price fluctuations and plans to adjust procurement strategies based on market conditions to mitigate impacts on gross margin and net profit[157]. Corporate Governance and Management - The company emphasizes transparency and timely information disclosure to ensure all shareholders have equal access to significant information[172]. - The company has established a performance evaluation system linking executive compensation to company and individual performance[171]. - The company operates independently in terms of business, personnel, assets, and finance, ensuring no reliance on controlling shareholders[174][175]. - The company has a complete and independent supply, production, and sales system, with no shared assets or financial resources with controlling shareholders[174][175]. - The company has a structured approach to corporate governance, with clear roles and responsibilities outlined for its board members and executives[191]. Leadership Changes - The company reported a significant leadership change with the resignation of Chairman and CEO Tang Jie due to personal health reasons on April 29, 2021[180]. - The company appointed Chen Shaopeng as the new Chairman on April 29, 2021, following the resignation of Tang Jie[180]. - The company experienced a turnover in its board, with multiple directors resigning, including HE WEI and Ji Lin on June 11, 2021, due to work adjustments and personal reasons respectively[180]. - The company has elected new directors, including Zhou Qingtong and Wu Xuanli, on June 11, 2021, to fill the vacancies left by resignations[180]. - The company’s management changes are expected to bring fresh perspectives and strategies to navigate the competitive landscape[180].

Financial Performance - The company's revenue for Q3 2021 was CNY 1,149,854,631.96, a decrease of 10.91% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 30,419,969.39, an increase of 115.59% year-on-year, while the net profit for the year-to-date was a loss of CNY 105,986,145.82, a reduction of 76.70%[3]. - The basic earnings per share for Q3 2021 was CNY 0.1746, up 111.99% year-on-year, while the diluted earnings per share was the same[3]. - The net profit for the reporting period increased by 79.13%, with a reduction in losses amounting to CNY 430 million, attributed to price recovery of main products as the global pandemic situation improved[9]. - In Q3 2021, the company recorded a single-quarter profit of CNY 30.42 million[16]. - Australis Seafoods S.A. turned a profit in the first three quarters of 2021, achieving a net profit of CNY 48.49 million, with Q3 net profit at CNY 87.70 million[17]. - The net profit for Q3 2021 was -113,785,157.52 CNY, compared to -545,087,920.35 CNY in the same period last year, showing an improvement[27]. - The company reported a total profit loss of -173,479,556.23 CNY for the quarter, compared to -712,438,886.08 CNY in Q3 2020[27]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date reached CNY 309,897,669.73, a significant increase of 1,527.45%[3]. - The company experienced a 1527.45% year-on-year increase in net cash flow from operating activities, mainly due to a decrease in cash payments for goods and services[9]. - Cash and cash equivalents at the end of the period were 162,767,104.81 CNY, down from 220,445,583.74 CNY at the end of Q3 2020[32]. - The company's cash and cash equivalents decreased to CNY 153,644,352.31 from CNY 171,290,018.64, a decline of about 10.25%[22]. - The total assets at the end of the reporting period were CNY 11,329,288,008.71, reflecting a growth of 2.94% compared to the end of the previous year[3]. - As of September 30, 2021, the total assets of Jiawo Food Co., Ltd. amounted to CNY 11,329,288,008.71, an increase from CNY 11,006,213,936.23 at the end of 2020, reflecting a growth of approximately 2.93%[21]. - The non-current assets totaled CNY 8,177,801,551.65, up from CNY 7,582,157,826.81, reflecting an increase of about 7.85%[23]. Liabilities and Expenses - The total liabilities increased to CNY 10,057,933,399.61 from CNY 9,609,762,794.89, marking an increase of approximately 4.66%[24]. - The total operating costs decreased to CNY 3,604,231,071.57 from CNY 3,976,749,850.57, representing a reduction of approximately 9.36%[26]. - The company incurred a total operating expense of 3,817,399,690.62 CNY, compared to 4,132,666,168.51 CNY in the previous year[31]. - The company reported a comprehensive loss of -122,896,138.13 CNY for the quarter, compared to -593,749,763.57 CNY in Q3 2020[28]. - Investment activities resulted in a net cash outflow of -346,789,566.44 CNY, an improvement from -444,470,226.65 CNY in the same period last year[31]. Shareholder and Market Activities - The controlling shareholder, Jiawo Group, plans to subscribe for no less than 25% and no more than 45% of the shares issued to specific targets in 2021[18]. - The company received an inquiry letter from the Shenzhen Stock Exchange regarding the issuance of shares to specific targets, and responded with detailed answers[18]. - The company granted 4.18 million restricted stocks at a price of CNY 9.22 per share to 17 incentive targets, as approved on September 7, 2021[20]. - The company is currently progressing steadily with its stock issuance to specific targets, as indicated in the recent announcements[19]. Product and Market Development - The company launched a new high-nutrition children's food brand "Chuan Xiong Tong Xue" targeting the maternal and infant market, with initial products sold on e-commerce platforms[17]. - Australis Seafoods S.A. harvested 60,626 tons WFE and achieved sales of 64,601 tons WFE in the first three quarters of 2021[17]. - The gross margin improved significantly, with Q1 at -8.3%, Q2 at 6.9%, and Q3 at 21.9%[17].