*ST佳沃(300268) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 was ¥741,769,699.16, a decrease of 19.16% compared to the same period last year, and a year-to-date revenue of ¥2,626,347,781.78, down 24.42% year-on-year[3]. - The net profit attributable to shareholders for Q3 2024 was -¥258,230,000.69, an increase of 6.48% year-on-year, while the year-to-date net profit was -¥651,828,582.99, showing a slight decrease of 0.03%[3]. - The basic earnings per share for Q3 2024 was -¥1.4824, reflecting a 6.47% improvement compared to the same period last year[3]. - The total operating revenue for Q3 2024 was CNY 2,626,347,781.78, a decrease of 24.5% compared to CNY 3,475,130,063.97 in the same period last year[40]. - The net loss attributable to shareholders for Q3 2024 was CNY -218,834,201.36, compared to a profit of CNY 283,109,982.68 in the previous year[39]. - The total profit for Q3 2024 was -960,285,576.46 CNY, an improvement from -1,047,854,995.36 CNY in Q3 2023, indicating a reduction in losses[41]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥9,358,068,800.97, a decrease of 4.16% from the end of the previous year[3]. - The equity attributable to shareholders decreased by 177.30% to -¥218,834,201.36 compared to the end of the previous year[3]. - The company’s total liabilities increased slightly to CNY 9,536,171,522.17 from CNY 9,332,745,616.67, an increase of 2.2%[39]. - The company’s total equity turned negative at CNY -178,102,721.20 compared to CNY 431,873,315.50 in the previous year, indicating a significant deterioration in financial health[39]. - Current liabilities decreased significantly to CNY 2,775,968,868.33 from CNY 4,857,740,686.19, a reduction of 42.7%[39]. Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥131,776,324.99, a significant decline of 371.54% year-on-year[3]. - Cash flow from operating activities showed a net outflow of -131,776,324.99 CNY, compared to a net inflow of 48,529,641.41 CNY in Q3 2023, reflecting a significant decline in operational cash generation[43]. - Cash inflow from financing activities totaled 2,468,858,820.93 CNY, significantly higher than 1,108,428,876.54 CNY in the prior year, reflecting increased financing efforts[44]. - The company incurred operating cash outflows of 3,382,858,862.42 CNY, down from 4,604,456,031.49 CNY in the previous year, indicating a reduction in cash outflows[43]. Market and Sales Performance - Australis Seafoods S.A. reported Q3 2024 revenue of RMB 529 million, a 16% year-over-year decline, with a net loss of RMB 195 million, improving from a loss of RMB 269 million in the same period last year[11]. - The sales volume for Q3 2024 decreased by 21% compared to the same period in 2023, primarily due to earlier inventory sales in 2023[11]. - The average selling price for Q3 2024 increased by 5% year-over-year, driven by lower supply of Chilean salmon and a higher proportion of fresh products sold[11]. - The company is actively responding to supply and demand changes in the market, particularly in the EU market for cod fillets, which is showing signs of slow recovery[12]. - The company plans to adjust its sales strategy to increase the proportion of fresh products in response to market conditions, impacting frozen product sales in Europe and the Asia-Pacific region[19]. Risk Management - The company faces risks from fluctuating raw material prices, particularly for key products like cod and shrimp, which may impact revenue and profit margins[28]. - The company is exposed to trade environment and exchange rate risks due to its reliance on international suppliers and export markets[30]. - The company has implemented measures to purchase commercial insurance to mitigate risks from environmental pollution and natural disasters affecting its salmon business[35]. - The company is actively diversifying its sales channels and supply sources to mitigate risks from geopolitical factors affecting sales and supply chain stability[33]. - The company has established a dedicated team in Chile to enhance its understanding of local political, economic, and regulatory environments, aiming to strengthen compliance and risk management[35]. Investments and Future Plans - The company plans to improve its financial structure and enhance risk resistance through strategic investments and asset restructuring[26]. - The company plans to continue its business integration and innovate marketing strategies to promote high-quality marine protein consumption domestically[12]. - The company will conduct annual impairment tests on intangible assets, including water farming rights, to assess potential impairment risks[31]. - The company is closely monitoring the approval process of its compliance plan and is committed to adhering to information disclosure requirements[32].