Juewei Food (SH:603517)2019-10-23 16:00Financial Performance - Net profit attributable to shareholders increased by 26.06% to CNY 614,167,246.49 for the year-to-date period[18] - Operating income rose by 18.98% to CNY 3,885,807,864.95 year-to-date[18] - Total revenue for Q3 2019 reached ¥1,395,908,368.44, an increase of 18.2% compared to ¥1,180,880,320.24 in Q3 2018[48] - Net profit for the first three quarters of 2019 was ¥1,073,265,983.33, compared to ¥576,541,399.70 in the same period of 2018, indicating an increase of 86.1%[48] - The total operating profit for the first three quarters of 2019 was 746,814,583.10 CNY, compared to 454,345,394.47 CNY in the same period of 2018[67] - The total profit for Q3 2019 was 290,470,834.91, compared to 228,219,698.33 in Q3 2018, indicating an increase of around 27.3%[55] Assets and Liabilities - Total assets increased by 39.29% to CNY 5,322,681,923.20 compared to the end of the previous year[18] - The total assets of the company as of September 30, 2019, amounted to RMB 5,322,681,923.20, up from RMB 3,821,391,398.08 in the previous year[38] - Total liabilities increased to ¥1,369,257,158.38 in Q3 2019 from ¥613,376,039.51 in Q3 2018, marking a rise of 123.5%[48] - Current liabilities totaled ¥780,435,099.11, including short-term borrowings of ¥210,000,000.00 and accounts payable of ¥226,986,349.30[85] - Total liabilities reached ¥794,111,296.80, with non-current liabilities at ¥13,676,197.69[87] Cash Flow - Net cash flow from operating activities increased by 67.41% to CNY 864,232,291.56 year-to-date[18] - The net cash flow from operating activities improved significantly to RMB 864,232,291.56, a 67.41% increase from RMB 516,227,149.33 in the prior year[31] - The cash flow from operating activities was impacted by a significant increase in payments for goods and services, totaling 102,318,657.41 RMB, compared to 161,849,196.12 RMB last year[75] - The cash outflow for investment activities was 1,187,259,124.97 RMB, compared to 414,078,565.77 RMB in the same period last year[79] - The net cash flow from financing activities was 720,759,136.67 RMB, compared to 13,674,732.50 RMB in the previous year[79] Shareholder Information - The total number of shareholders reached 11,899 at the end of the reporting period[26] - The largest shareholder, Hunan Jucheng Investment Co., Ltd., holds 37.82% of the shares[26] - Shareholders' equity totaled ¥2,699,966,126.02 as of September 30, 2019, compared to ¥1,887,326,483.70 at the end of 2018, reflecting a growth of 43.0%[48] Expenses - Operating costs increased to RMB 2,537,623,675.01, reflecting a growth of 19.38% from RMB 2,125,678,983.97 in the previous year, in line with revenue growth[29] - The company’s sales expenses increased by 23.57% to RMB 338,953,481.96, primarily due to the growth in operating revenue[29] - Research and development expenses increased to 3,669,123.48 in Q3 2019 from 3,023,161.20 in Q3 2018, marking a rise of approximately 21.5%[55] - Financial expenses for Q3 2019 were 7,340,790.43, compared to -274,230.81 in Q3 2018, indicating a significant increase in financial costs[55] Government Support - The company received government subsidies amounting to CNY 16,038,789.17 during the reporting period[20] Investment Activities - The company reported investment income of 5,103,887.28 in Q3 2019, up from 4,342,933.87 in Q3 2018, which is an increase of about 17.5%[55] - The company raised 984,500,000.00 RMB through bond issuance during the reporting period[79] Compliance and Reporting - The company is compliant with the revised accounting standards effective from January 1, 2019, ensuring accurate financial reporting[96] - The company did not require an audit report for the current period, suggesting confidence in its financial disclosures[98]