DELISI(002330)2024-10-30 11:02Financial Performance - The company's operating revenue for Q3 2024 was ¥700,637,964.64, representing a decrease of 9.03% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥7,529,539.00, a decline of 393.81% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥8,478,970.31, down 468.29% from the previous year[2]. - The net cash flow from operating activities for the year-to-date period was -¥45,344,497.65, an increase of 50.65% compared to the same period last year[2]. - Total operating revenue for the current period is ¥2,081,720,145.42, a decrease of 10% from ¥2,313,327,554.25 in the previous period[23]. - Net profit for the current period is ¥3,335,745.96, compared to ¥19,681,421.07 in the previous period, indicating a significant decline[24]. - Basic and diluted earnings per share for the current period are both ¥0.0104, down from ¥0.0444 in the previous period[25]. - The company reported a decrease in tax expenses to ¥291,140.61 from ¥1,698,463.47 in the previous period[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,371,529,732.13, an increase of 0.72% from the end of the previous year[2]. - The company's total current assets decreased from RMB 1,771,434,844.97 to RMB 1,731,173,616.72, a reduction of approximately 2.26%[20]. - The company's cash and cash equivalents decreased from RMB 770,083,670.97 to RMB 624,541,220.91, a decline of about 18.9%[20]. - Total liabilities rose from RMB 1,000,845,935.44 to RMB 1,028,044,863.96, an increase of about 2.7%[22]. - The total equity attributable to the parent company increased slightly from RMB 2,360,521,419.51 to RMB 2,360,796,505.59[22]. Investment and Financing Activities - The net cash flow from investment activities was -138,267,596.12 CNY, compared to -111,402,456.51 CNY in the previous period[26]. - The total cash inflow from financing activities was 300,761,677.58 CNY, down from 785,488,992.30 CNY year-over-year[26]. - Cash outflow from financing activities totaled 253,733,821.57 CNY, compared to 734,174,413.24 CNY in the previous period[26]. - The net cash flow from financing activities was 47,027,856.01 CNY, slightly down from 51,314,579.06 CNY in the previous period[26]. - The company received cash from borrowings amounting to 300,694,677.58 CNY, down from 592,461,142.30 CNY in the previous period[26]. - The company paid 226,253,503.22 CNY in debt repayments, compared to 574,810,907.26 CNY in the previous period[26]. Operational Changes and Investments - The company reported a significant decrease in slaughter volume due to market conditions, leading to a 76.51% drop in net profit year-on-year[8]. - Financial expenses increased by 119.98% compared to the same period last year, primarily due to reduced investment income from raised funds[5]. - The company experienced an 85.80% decrease in investment income year-on-year, attributed to lower short-term financial management returns[7]. - The company’s long-term equity investments decreased by 30.43% year-to-date, mainly due to losses from associated enterprises[5]. - The company’s contract liabilities increased by 53.06% year-to-date, primarily due to increased pre-received trade payments from its subsidiary[5]. - The company established a wholly-owned subsidiary, Sanyuan Delisi Food Co., Ltd., with a registered capital of RMB 5 million to expand into the Northwest and South China markets[12]. - A joint venture, Fujian Delisi Food Co., Ltd., was formed with Fujian Frozen Online Network Technology Co., Ltd., with a registered capital of RMB 10 million, where the company holds 60% equity[12]. - The company plans to invest RMB 550,000 to establish a new subsidiary, Xi'an Delisi Shangxianhui Food Co., Ltd., to enhance its market presence in the Northwest region[13]. - The company is constructing a 200,000-head annual pig slaughtering project in Shaanxi to meet customer demands[15]. - The company has agreed to lease commercial properties totaling approximately 12,320 square meters for 30 months at an annual rental price of RMB 1.6 million to improve employee satisfaction and corporate image[16]. - The company approved a capital increase of RMB 140 million for its wholly-owned subsidiary, Xi'an Delisi Food Co., Ltd., raising its registered capital from RMB 120 million to RMB 260 million[17]. - The company established a joint venture, Hangzhou Delisi Food Technology Co., Ltd., with individual Li Yan, with a registered capital of RMB 2 million, where the company holds a 51% stake[18]. Organizational Structure - The company plans to optimize its organizational structure by dissolving its wholly-owned subsidiary, Delisi (Nanjing) Food Co., Ltd.[13]. - The company is enhancing its operational efficiency by changing the legal representative and management of Beijing Delisi Food Co., Ltd.[16]. - The company agreed to deregister its controlling subsidiary, Beijing Shangxianhui Supply Chain Management Co., Ltd., to optimize its organizational structure and reduce management costs[17]. - The company acquired 40% equity in Fujian Delisi Food Co., Ltd. for RMB 524,278.84 due to unmet expectations in the partnership with Fujian Frozen Online Network Technology Co., Ltd.[14]. Cash Flow Analysis - Cash flow from operating activities shows a net outflow of ¥45,344,497.65, an improvement from a net outflow of ¥91,875,921.06 in the previous period[25]. - Cash received from sales of goods and services is ¥2,269,548,337.83, an increase from ¥2,147,936,910.07 in the previous period[25]. - Total cash outflow from operating activities is ¥2,380,021,419.87, compared to ¥2,314,401,413.14 in the previous period[25]. - Investment cash inflow for the current period is ¥24,425,894.53, significantly higher than ¥655,193.36 in the previous period[25]. - The ending balance of cash and cash equivalents was 534,541,220.91 CNY, down from 649,275,607.87 CNY at the beginning of the period[26]. - The company reported a net increase in cash and cash equivalents of -136,577,107.66 CNY, compared to -151,963,798.51 CNY in the previous period[26]. - The company’s cash flow from investment activities included cash outflows of 162,693,490.65 CNY, compared to 112,057,649.87 CNY in the previous period[26]. Audit Status - The company's third-quarter report was not audited[27].