Guifaxiang(002820)2024-10-29 10:52Financial Performance - The company's revenue for Q3 2024 was ¥134,639,849.12, a decrease of 7.53% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥12,993,303.92, down 42.60% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥12,641,256.11, reflecting a 41.54% decrease compared to the previous year[3] - Total operating revenue for Q3 2024 was CNY 402,560,206.25, a decrease of 1.23% compared to CNY 406,059,721.10 in the same period last year[18] - Net profit for Q3 2024 was CNY 35,712,884.73, down 43.14% from CNY 62,766,020.43 in Q3 2023[19] - The total comprehensive income attributable to the parent company for Q3 2024 is CNY 35,708,706.22, compared to CNY 62,759,615.58 in the same period last year, representing a decrease of approximately 43%[20] - Basic and diluted earnings per share for Q3 2024 are both CNY 0.18, down from CNY 0.31 in Q3 2023, indicating a decline of about 42%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,016,690,544.45, a decline of 3.94% from the end of the previous year[3] - As of September 30, 2024, the company's total current assets amounted to 665,363,010.05 RMB, a decrease from 719,552,789.35 RMB at the beginning of the period[15] - The company's cash and cash equivalents decreased to 577,594,131.18 RMB from 641,215,749.97 RMB, reflecting a decline of approximately 9.9%[15] - Accounts receivable increased to 23,260,241.85 RMB, up from 14,856,765.11 RMB, indicating a growth of approximately 56.5%[15] - Inventory decreased to 39,164,644.43 RMB from 41,952,902.60 RMB, representing a decline of about 6.7%[15] - The total liabilities increased to CNY 87,778,467.85, compared to CNY 76,102,573.15 in the previous year[17] - The total equity attributable to shareholders of the parent company decreased to CNY 928,912,076.60 from CNY 982,271,540.74[17] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥70,837,911.34, down 41.51% year-on-year[3] - Cash inflow from operating activities for Q3 2024 is CNY 444,922,811.61, a decrease from CNY 455,526,652.18 in Q3 2023, reflecting a decline of approximately 2.7%[21] - Net cash flow from operating activities for Q3 2024 is CNY 70,837,911.34, down 41.5% from CNY 121,106,755.07 in the previous year[21] - Cash inflow from investment activities for Q3 2024 totals CNY 1,023,658,276.53, compared to CNY 1,607,529,085.23 in Q3 2023, representing a decrease of about 36.3%[22] - Net cash flow from investment activities for Q3 2024 is -CNY 185,091,301.77, an improvement from -CNY 400,829,770.84 in the same period last year[22] - Cash outflow from financing activities for Q3 2024 is CNY 109,368,228.36, compared to CNY 55,710,175.72 in Q3 2023, indicating an increase of approximately 96%[22] - The ending balance of cash and cash equivalents for Q3 2024 is CNY 417,594,131.18, up from CNY 262,278,509.91 in the previous year, showing an increase of about 59.3%[22] Operational Changes - The company reported an increase in sales expenses due to higher labor costs and increased advertising efforts, impacting overall profitability[8] - The company has increased its investment in digital transformation and brand promotion, leading to a rise in prepaid expenses[6] - The company is expanding its production capacity with ongoing construction of a new production base in the airport economic zone[6] - The company plans to enhance its e-commerce platform and marketing strategies to improve sales performance in the future[8] Shareholder Information - The total number of ordinary shareholders is 10, with the largest shareholder, Tianjin Guifaxiang Mahua Food Group Co., Ltd., holding 33.99% of shares, equating to 68,273,314 shares[11] - The largest shareholder does not have any pledged, marked, or frozen shares, ensuring full control over their holdings[11] - The company reported a total of 5,525,200 shares involved in margin trading, accounting for 2.75% of the total share capital[12] Corporate Governance - The company has completed the election of its fifth board of directors and supervisory board, with the first meeting held on September 25, 2024[13] - The company plans to purchase a property from its controlling shareholder for a base price of 10,928.01 million RMB, aimed at ensuring asset integrity[14] - The company is currently undergoing a public listing process for the property purchase, which carries certain uncertainties[14] Accounting and Audit - The company has not undergone an audit for the Q3 2024 report[23] - The report indicates that the company will implement new accounting standards starting in 2024[23]