Jiahe Foods(605300)2022-10-30 16:00Financial Performance - Q3 2022 revenue reached ¥666,368,089.02, an increase of 3.19% year-over-year, while year-to-date revenue was ¥1,627,510,086.88, a decrease of 7.24% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥26,839,059.47, down 30.33% year-over-year, and year-to-date net profit was ¥60,454,424.82, down 45.30% compared to the same period last year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥17,489,033.72, a decrease of 49.02% year-over-year, with year-to-date figures at ¥39,858,676.83, down 60.08% compared to the same period last year[6]. - Basic earnings per share for Q3 2022 was ¥0.07, a decrease of 30.00% year-over-year, while year-to-date basic earnings per share was ¥0.15, down 48.28% compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2022 was CNY 1,627,510,086.88, a decrease of 7.25% compared to CNY 1,754,569,653.31 in the same period of 2021[31]. - Net profit for the first three quarters of 2022 was CNY 60,454,424.82, a decline of 45.25% from CNY 110,287,902.45 in the same period of 2021[34]. Cash Flow and Assets - Operating cash flow for the year-to-date period was ¥66,324,373.28, an increase of 48.34% compared to the same period last year[8]. - The company's cash and cash equivalents decreased to approximately RMB 321.31 million from RMB 341.20 million, a decline of about 5.3%[22]. - Current assets totaled approximately RMB 1.80 billion, up from RMB 1.60 billion, indicating a growth of around 12.8%[25]. - The ending balance of cash and cash equivalents was $286,223,884.52, compared to $301,904,379.11 at the end of the previous period[43]. - Total cash inflow from operating activities was $1,838,515,965.61, while cash outflow was $1,772,191,592.33, resulting in a net cash inflow[42]. Liabilities and Equity - The total liabilities increased to CNY 737,810,652.25 in 2022 from CNY 492,494,445.96 in 2021, reflecting a growth of 49.83%[30]. - The total equity attributable to shareholders of the parent company was CNY 1,963,691,433.72, up from CNY 1,954,349,887.54 in the previous year[30]. - The company reported short-term borrowings of approximately RMB 238.55 million, with no previous balance reported for the same period last year[25]. - The increase in current liabilities is indicated by the rise in accounts payable to approximately RMB 343.54 million from RMB 310.71 million, an increase of about 10.5%[25]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2022 were CNY 1,568,949,821.58, down from CNY 1,619,056,256.31 in the previous year[31]. - Research and development expenses for the first three quarters of 2022 were CNY 22,114,629.38, an increase of 19.25% compared to CNY 18,517,486.65 in 2021[31]. - Cash outflow for purchasing goods and services was $1,556,256,880.69, down from $1,659,018,347.94 in the previous period[42]. - Cash paid to employees increased to $130,948,975.13 from $104,205,406.76 in the previous period, reflecting a rise of 25.5%[42]. Non-Recurring Gains and Losses - Non-recurring gains included government subsidies amounting to ¥3,495,271.96 for the current period and ¥11,891,106.44 year-to-date[8]. - The company reported a net loss from non-operating income and expenses of ¥1,162,189.15 for the current period[12]. Shareholder Structure and Market Activity - The company has a significant shareholder structure, with the top three shareholders holding a combined 77.41% of the shares[21]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[22]. - There are no indications of any mergers or acquisitions being pursued by the company at this time[22].