ANJI FOOD(SH:603696)2024-10-27 07:34Financial Performance - The company's operating revenue for Q3 2024 was ¥169,039,057.56, a decrease of 11.43% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥12,617,812.36, an increase of 59.59% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,661,900.73, a decrease of 54.82% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 was CNY 453,783,813.56, a decrease of 7.3% compared to CNY 489,395,287.77 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was CNY 21,309,296.20, a decline of 25.5% from CNY 28,547,447.65 in the same period of 2023[14] - Operating profit for the first three quarters of 2024 was CNY 24,479,882.21, down 27.3% from CNY 33,689,298.14 in 2023[14] - The total comprehensive income for the third quarter of 2024 was CNY 21,078,116.04, a decrease from CNY 29,777,095.29 in the same period last year, representing a decline of approximately 29%[15] - Basic and diluted earnings per share for the third quarter of 2024 were CNY 0.09, down from CNY 0.12 in the previous year, indicating a decrease of 25%[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥601,112,075.84, a decrease of 4.29% from the end of the previous year[3] - The company's total current assets decreased from 362,200,397.87 to 333,865,606.79, a decline of approximately 7.4%[10] - The total assets decreased from CNY 680,232,365 in the previous year to CNY 660,067,915, a decline of 2.4%[21] - The total liabilities decreased from CNY 87,591,001 to CNY 62,164,104, a reduction of 29.1%[21] - The total liabilities as of the end of the third quarter of 2024 were CNY 40,394,612.58, a significant reduction from CNY 70,763,867.49 at the end of 2023[12] Cash Flow - The cash flow from operating activities for the year-to-date was -¥36,628,326.33, a significant decrease of 209.02% compared to the previous year[3] - Cash inflows from operating activities for the first three quarters of 2024 totaled CNY 495,549,053.41, slightly down from CNY 507,005,961.63 in the same period of 2023[17] - Cash outflows from operating activities increased to CNY 532,177,379.74 in 2024, compared to CNY 473,407,045.42 in 2023, resulting in a net cash flow from operating activities of -CNY 36,628,326.33[17] - The net cash flow from investment activities was CNY 26,991,044.73 in 2024, down from CNY 50,367,341.64 in 2023, indicating a decrease of about 47%[17] - The total cash and cash equivalents at the end of the period decreased to $111.44 million from $166.55 million, showing a significant reduction in liquidity[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 15,884[8] - The largest shareholder, Lin Xiaofang, holds 112,176,435 shares, accounting for 47.69% of the total shares[9] - The total equity attributable to shareholders of the parent company was CNY 560,717,463.26, slightly up from CNY 557,279,347.22 in 2023[12] Operational Insights - The company reported a significant increase in accounts receivable, attributed to outstanding payments from specific customers[7] - The company experienced a 78.58% increase in prepayments, primarily due to advance payments for bulk material purchases[7] - The company has not reported any new strategies or product developments in the current quarter[10] - The company aims to enhance market expansion and product development strategies in the upcoming quarters[13] - The company plans to focus on market expansion and new product development in the upcoming quarters[22] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 7,143,535.96, a decrease of 13.8% compared to CNY 8,288,449.98 in 2023[13] - The company reported a gross profit margin of approximately 31.8% for the first three quarters of 2024, compared to 33.5% in the same period of 2023[21]