Juewei Food (SH:603517)2021-10-29 16:00Financial Performance - Total revenue for the third quarter reached CNY 1,702,892,628.95, an increase of 15.67% year-on-year[9] - Net profit attributable to shareholders was CNY 462,176,096.84, reflecting an 88.16% increase compared to the same period last year[9] - The net profit after deducting non-recurring gains and losses was CNY 447,431,706.08, up 90.57% year-on-year[9] - The basic earnings per share (EPS) for the quarter was CNY 0.76, representing a 90.00% increase from the previous year[11] - Total operating revenue for the first three quarters of 2021 reached RMB 4,846,626,568.94, a 24.9% increase from RMB 3,885,490,707.20 in the same period of 2020[35] - Net profit attributable to shareholders of the parent company was RMB 964,082,284.38, up 85.5% from RMB 520,026,136.26 year-on-year[38] - Operating profit for the first three quarters was RMB 1,250,841,855.08, compared to RMB 723,722,944.82 in the previous year, reflecting a significant increase[35] - Basic earnings per share rose to RMB 1.58 from RMB 0.85, reflecting improved profitability[38] - The company achieved a profit before tax of RMB 1,264,112,535.31, significantly higher than RMB 721,925,285.25 in the previous year[35] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 7,082,045,455.74, a 19.58% increase from the end of the previous year[13] - The total current assets increased to RMB 2,375,624,893.85, up from RMB 2,201,206,590.92, reflecting a growth of approximately 7.9%[28] - Long-term equity investments rose significantly to RMB 2,001,816,777.72 from RMB 1,558,012,052.12, marking an increase of about 28.5%[28] - The company's total liabilities increased to RMB 1,393,235,269.29 from RMB 931,972,538.45, which is an increase of approximately 49.5%[31] - The total owner's equity reached RMB 5,688,810,186.45, up from RMB 4,990,344,084.05, indicating a growth of around 14.0%[31] - The total cash and cash equivalents at the end of the period amounted to 904,385,324.85 CNY, down from 1,336,434,113.57 CNY[45] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 999,901,082.34, an increase of 33.21%[11] - Cash flow from operating activities was RMB 999,901,082.34, up from RMB 750,638,476.17 in the same period last year[41] - The net cash flow from financing activities was -148,682,629.86 CNY, compared to -505,858,518.35 CNY in the previous period[45] - The company reported a net cash outflow from investing activities of RMB 1,028,309,781.72, compared to RMB 505,320,536.38 in the previous year, indicating increased investment efforts[41] Investments and Development - The company reported a significant increase in investment income from equity investments, contributing CNY 110 million to net profit[16] - Research and development expenses increased to RMB 11,472,596.94 from RMB 9,505,638.57, indicating a focus on innovation[35] - The company aims to build the best platform for special gourmet food, indicating a focus on market expansion and product development[4] - The company has not disclosed any new product launches or technological advancements in this report[20] Stock and Incentives - The company approved a stock incentive plan, granting 5,598,000 restricted shares at a price of RMB 41.46 per share to 124 incentive recipients[24] - The company is in the process of a non-public issuance of A-shares, which is pending approval from the China Securities Regulatory Commission[25] Inventory and Receivables - The company's inventory decreased to RMB 671,086,786.51 from RMB 857,420,668.02, a reduction of approximately 21.7%[28] - The accounts receivable increased to RMB 87,556,192.04 from RMB 37,081,221.96, reflecting a growth of about 136.3%[28]