Juewei Food (SH:603517)2022-10-26 16:00Revenue and Profitability - Revenue for the third quarter reached ¥1,784,084,227.31, an increase of 4.77% compared to the same period last year[7] - Net profit attributable to shareholders was ¥120,842,288.52, a decrease of 73.85% year-over-year[7] - Basic earnings per share were ¥0.20, down 73.68% from the previous year[7] - Total operating revenue for the first three quarters of 2022 reached RMB 5,119,954,391.42, an increase from RMB 4,846,626,568.94 in the same period of 2021, representing a growth of approximately 5.6%[28] - Net profit for the first three quarters of 2022 was CNY 186,865,917.88, a significant decrease from CNY 948,791,779.32 in the previous year, representing a decline of about 80.3%[34] - Operating profit for the first three quarters of 2022 was CNY 325,114,863.28, down from CNY 1,250,841,855.08 in the same period of 2021, indicating a decrease of approximately 74%[34] - Total comprehensive income for the first three quarters of 2022 was CNY 948,760,545.69, a decrease from CNY 1,264,112,535.31 in the previous year, reflecting a decline of approximately 25%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,646,597,344.66, reflecting a 3.31% increase from the end of the previous year[10] - Total assets as of September 30, 2022, were RMB 7,646,597,344.66, up from RMB 7,401,391,558.20 at the end of 2021, showing a growth of approximately 3.3%[27] - Total liabilities increased to RMB 1,977,827,593.80 from RMB 1,684,843,641.43, indicating a rise of about 17.4%[27] - Non-current assets totaled RMB 5,492,908,223.78 as of September 30, 2022, compared to RMB 5,134,147,673.48 at the end of 2021, reflecting an increase of approximately 7%[24] - The company's retained earnings as of September 30, 2022, were RMB 3,007,591,593.66, down from RMB 3,133,990,841.59 at the end of 2021, indicating a decrease of about 4%[27] - The company reported a significant increase in long-term equity investments to RMB 2,334,639,420.96 from RMB 2,120,107,731.44, representing a growth of approximately 10.1%[24] Cash Flow and Expenses - Cash flow from operating activities for the year-to-date was ¥862,253,775.39, down 13.77% compared to the previous year[7] - Cash flow from operating activities for the first three quarters of 2022 was CNY 862,253,775.39, down from CNY 999,901,082.34 in the same period of 2021, a decrease of approximately 13.8%[36] - The company reported a net cash outflow from investing activities of CNY -637,411,670.49 in 2022, compared to CNY -1,028,309,781.72 in 2021, showing an improvement in cash flow management[38] - The company incurred financial expenses of CNY 14,497,576.78 in 2022, significantly higher than CNY 972,262.55 in 2021, representing an increase of approximately 1,388%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,747[15] Inventory and Borrowings - Inventory decreased to RMB 674,383,961.76 as of September 30, 2022, from RMB 853,530,649.10 at the end of 2021, reflecting a reduction of approximately 21%[24] - Short-term borrowings increased significantly to RMB 615,000,000.00 from RMB 203,213,888.89 at the end of 2021, marking an increase of about 202%[27] Marketing and R&D Expenses - Marketing expenses increased by 53.17% primarily due to higher promotional costs[13] - Research and development expenses increased to CNY 27,066,606.63 in 2022 from CNY 11,472,596.94 in 2021, marking an increase of about 136.5%[34]