Financial Performance - The company's revenue for Q3 2024 was ¥394,701,467.28, representing a year-over-year increase of 0.22%[2]. - Total operating revenue for Q3 2024 reached ¥1,339,977,484.77, an increase from ¥1,305,922,529.13 in the same period last year, reflecting a growth of approximately 2.5%[20]. - The net profit attributable to shareholders decreased by 97.16% year-over-year to ¥1,307,399.40, while the net profit after deducting non-recurring gains and losses fell by 95.02% to ¥2,042,553.88[2][7]. - Net profit attributable to shareholders for Q3 2024 was ¥83,761,598.15, a decrease of 52.5% compared to ¥175,751,543.87 in Q3 2023[21]. - The total comprehensive income for the third quarter was CNY 77,301,711.18, a decrease of 56.1% compared to CNY 175,970,424.48 in the previous year[22]. - Basic and diluted earnings per share were both ¥0.0031, down 96.98% compared to the same period last year[2][7]. - Basic and diluted earnings per share were both CNY 0.1949, down from CNY 0.394 in the same period last year, representing a decline of 50.5%[22]. Assets and Liabilities - The company's total assets decreased by 14.41% from the end of the previous year to ¥1,906,077,069.78[3]. - Total assets decreased to ¥1,906,077,069.78 from ¥2,226,891,150.64, a decline of about 14.4%[19]. - Total liabilities increased to ¥839,177,410.23 from ¥743,401,100.21, reflecting a growth of approximately 12.9%[19]. - The company's total equity decreased to ¥1,066,899,659.55 from ¥1,483,490,050.43, a decline of about 28.1%[19]. - Shareholders' equity attributable to the parent company decreased by 28.08% year-over-year to ¥1,066,899,659.55[3]. Cash Flow - The net cash flow from operating activities showed a significant decline of 3,157.86% year-over-year, amounting to -¥174,601,247.78[2][7]. - Cash inflow from operating activities was CNY 1,401,962,378.89, an increase of 1.2% from CNY 1,386,157,406.76 in the previous year[23]. - Cash outflow from investing activities totaled CNY 115,111,672.60, down 37.2% from CNY 183,747,952.81 in the previous year[24]. - Net cash flow from investing activities was negative CNY 96,250,682.06, an improvement from negative CNY 182,092,667.94 in the previous year[24]. - Cash flow from financing activities was negative CNY 228,067,761.27, compared to negative CNY 131,477,794.82 in the same period last year[24]. - The ending balance of cash and cash equivalents was CNY 318,001,060.76, down from CNY 411,264,374.82 at the end of the previous year[24]. - The company's cash and cash equivalents decreased from RMB 894 million to RMB 445 million[17]. Sales and Revenue Breakdown - For the first nine months of 2024, the company's beverage product revenue reached RMB 754 million, accounting for 56.29% of total revenue, a year-on-year increase of 4.35%[13]. - Coconut juice products generated RMB 649 million in revenue, reflecting a 4.5% year-on-year growth[13]. - Canned products revenue was RMB 522 million, representing a 38.97% share of total revenue, with a year-on-year decline of 7.73%[13]. - The sales revenue from the central, eastern, and southwestern regions totaled RMB 871 million, up 3.89% year-on-year, accounting for 65.04% of total revenue[14]. Expenses and Profitability - The gross profit margin for the first nine months of 2024 was 34.22%, down 3.43 percentage points year-over-year, attributed to changes in product structure and lower-margin business expansion[7]. - Increased sales expenses due to the hiring of frontline staff and enhanced marketing efforts contributed to the decline in profitability[7]. - Total operating costs for Q3 2024 were ¥1,224,094,894.37, up from ¥1,074,634,339.48, indicating a rise of about 13.9%[20]. - Sales expenses rose to ¥226,068,862.34 from ¥160,600,819.18, an increase of approximately 40.7%[21]. - Research and development expenses increased significantly to ¥3,888,782.02 from ¥1,412,297.00, marking a rise of approximately 174.5%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,525, with the largest shareholder holding 51.27% of the shares[8]. - The company has approved a share repurchase plan, with a total of 29,299,955 shares held in the repurchase account[12]. Other Information - The company received government subsidies totaling ¥841,747.87 in Q3 2024, with a total of ¥3,613,169.31 for the year-to-date[4]. - The company has completed the cancellation of its subsidiary Shandong Huanlejia Import and Export Co., Ltd.[16]. - The company has engaged Crowe Horwath as its auditor for the 2024 fiscal year[16]. - The third quarter report was not audited[25]. - The company did not report any net profit from subsidiaries prior to consolidation during the period[22].
欢乐家(300997) - 2024 Q3 - 季度财报