佳禾食品(605300) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was 606.63 million yuan, a decrease of 20.06% year-over-year[2] - Net profit attributable to shareholders was 13.21 million yuan, down 81.25% year-over-year[2] - Total revenue for the first three quarters of 2024 was 1,680,074,758.06 RMB, a decrease from 2,086,131,965.31 RMB in the same period of 2023[14] - Net profit for the first three quarters of 2024 was 84,097,309.62 RMB, down from 205,534,812.76 RMB in the same period of 2023[15] - The decrease in net profit was primarily due to a decline in sales revenue and an increase in sales expenses[6] Asset and Liability Changes - Total assets decreased by 12.61% to 2.80 billion yuan compared to the end of the previous year[3] - Total assets as of September 30, 2024, amounted to RMB 2,796,464,635.07, a decrease from RMB 3,199,888,271.44 at the end of 2023[11] - Current assets totaled RMB 1,772,213,070.69, down from RMB 2,157,750,152.15 at the end of 2023[11] - Non-current assets stood at RMB 1,024,251,564.38, slightly lower than RMB 1,042,138,119.29 at the end of 2023[11] - Total liabilities as of Q3 2024 were 637,565,766.47 RMB, compared to 954,274,996.65 RMB in the same period of 2023[12] - Total equity attributable to the parent company as of Q3 2024 was 2,155,164,299.68 RMB, down from 2,244,211,781.33 RMB in the same period of 2023[13] Cash Flow and Liquidity - Operating cash flow for the year-to-date was 123.83 million yuan, a decrease of 33.83% year-over-year[2] - Sales of goods and services received cash of 1,967,770,334.05 yuan in the first three quarters of 2024, a decrease from 2,352,044,747.23 yuan in the same period of 2023[17] - Net cash flow from operating activities was 123,825,706.79 yuan in the first three quarters of 2024, down from 187,133,354.32 yuan in the same period of 2023[18] - Net cash flow from investing activities was 56,922,339.66 yuan in the first three quarters of 2024, a significant improvement from -267,348,140.72 yuan in the same period of 2023[18] - Net cash flow from financing activities was -494,959,356.30 yuan in the first three quarters of 2024, compared to 156,399,988.65 yuan in the same period of 2023[18] - Cash and cash equivalents at the end of the period were 304,581,132.74 yuan, down from 515,302,823.18 yuan at the end of the same period in 2023[18] - Cash received from tax refunds was 16,308,746.89 yuan in the first three quarters of 2024, up from 10,261,926.69 yuan in the same period of 2023[17] - Cash paid for goods and services was 1,582,377,735.64 yuan in the first three quarters of 2024, down from 1,903,507,005.41 yuan in the same period of 2023[17] - Cash paid to employees was 150,957,519.09 yuan in the first three quarters of 2024, up from 133,055,923.60 yuan in the same period of 2023[17] - Cash received from investments was 120,000,000.00 yuan in the first three quarters of 2024, compared to none in the same period of 2023[18] - Cash received from financing activities was 314,940,657.98 yuan in the first three quarters of 2024, down from 708,301,938.88 yuan in the same period of 2023[18] Earnings and Shareholder Equity - Basic earnings per share for the quarter was 0.04 yuan, down 77.78% year-over-year[2] - Weighted average return on equity (ROE) for the quarter was 0.65%, a decrease of 2.62 percentage points year-over-year[3] - Basic earnings per share for the first three quarters of 2024 were 0.21 RMB, compared to 0.52 RMB in the same period of 2023[16] - Total comprehensive income for the first three quarters of 2024 was 83,361,342.89 RMB, down from 204,798,740.92 RMB in the same period of 2023[16] - The company's total equity attributable to shareholders decreased by 3.97% to 2.16 billion yuan compared to the end of the previous year[3] Expenses and Costs - Sales expenses for the first three quarters of 2024 increased to 106,527,008.93 RMB from 61,235,260.38 RMB in the same period of 2023[14] - R&D expenses for the first three quarters of 2024 were 22,399,297.09 RMB, slightly down from 22,770,897.51 RMB in the same period of 2023[14] Shareholder Information - The company's repurchase account held 4,579,198 shares, representing 1.14% of total shares outstanding[9] - Liu Xinrong, the largest shareholder, held 129,025,651 shares, representing 32.26% of total shares[8] - Tang Zhengqing, the second-largest shareholder, held 92,161,180 shares, representing 23.04% of total shares[8] Non-Recurring Items and Future Guidance - Non-recurring gains and losses for the quarter amounted to 2.33 million yuan[5] - The company did not provide specific guidance for future performance in the report[2] Inventory and Receivables - Trade receivables were RMB 231,361,512.34, down from RMB 386,785,000.99 at the end of 2023[10] - Inventory increased to RMB 377,312,545.32 from RMB 304,201,139.47 at the end of 2023[11] Contract Liabilities and Deferred Income - Contract liabilities as of Q3 2024 were 12,137,013.21 RMB, up from 10,972,638.12 RMB in the same period of 2023[12] - Deferred income as of Q3 2024 was 14,513,612.67 RMB, up from 6,763,410.66 RMB in the same period of 2023[12] Borrowings and Cash Equivalents - Short-term borrowings decreased to RMB 249,062,858.72 from RMB 553,839,576.02 at the end of 2023[11] - Cash and cash equivalents decreased to RMB 490,295,724.97 from RMB 709,730,318.08 at the end of 2023[10]