海欣食品(002702) - 2024 Q3 - 季度财报

Financial Performance - Revenue for Q3 2024 reached ¥426,684,993.04, an increase of 6.67% year-over-year[2] - Net profit attributable to shareholders was -¥11,134,397.03, a decrease of 548.71% compared to the same period last year[2] - The company reported a significant decline in gross profit margin, contributing to a net profit drop of 750.84%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥27,328,316.88, a decrease of 2,723.64% year-over-year[2] - The net profit for Q3 2024 was -¥23,473,633.16, a significant decline compared to a net profit of ¥3,609,859.08 in Q3 2023, representing a year-over-year decrease of approximately 751%[13] - Operating profit for Q3 2024 was -¥16,938,062.12, compared to an operating profit of ¥11,092,493.51 in the same period last year, indicating a decline of around 253%[13] - Total comprehensive income for Q3 2024 was -¥23,484,459.61, contrasting with a total comprehensive income of ¥3,607,613.90 in Q3 2023, marking a year-over-year decrease of approximately 751%[14] Cash Flow and Liquidity - Cash flow from operating activities showed a net increase of ¥38,329,318.08, up 181.37% year-to-date[5] - Cash flow from operating activities generated a net cash inflow of ¥38,329,318.08 in Q3 2024, a recovery from a net cash outflow of -¥47,103,004.16 in Q3 2023[16] - Cash and cash equivalents decreased by 42.73% at the end of the reporting period[5] - As of September 30, 2024, the company's cash and cash equivalents amount to 171,688,369.89 RMB, down from 277,193,504.97 RMB at the beginning of the period[10] - The company reported cash and cash equivalents of ¥160,409,855.97 at the end of Q3 2024, down from ¥280,069,710.15 at the end of Q3 2023, reflecting a decrease of approximately 43%[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,072,847,073.98, down 4.25% from the end of the previous year[2] - The company's equity attributable to shareholders decreased by 6.13% to ¥1,087,737,622.29[2] - Current liabilities totaled CNY 703,578,715.95, a decrease from CNY 715,153,350.70, showing a reduction of about 1.6%[12] - Non-current liabilities decreased to CNY 248,491,542.57 from CNY 258,349,653.93, representing a decline of approximately 3.5%[12] - The company's total assets decreased to CNY 2,072,847,073.98 from CNY 2,164,853,985.08, reflecting a decline of approximately 4.2%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,825[6] - The top shareholder, Teng Yongxiong, holds 14.42% of the shares, amounting to 80,160,000 shares[6] - The company has repurchased a total of 7,450,000 shares, representing 1.34% of the total share capital, with a total transaction amount of 24,856,960 RMB[9] - The maximum transaction price for the repurchased shares was 3.72 RMB per share, while the minimum was 3.03 RMB per share[9] - The company plans to repurchase shares using self-owned funds ranging from 25 million to 50 million RMB, with a maximum repurchase price of 6.22 RMB per share[8] - The estimated number of shares to be repurchased is between 4,019,293 and 8,038,585 shares, which is approximately 0.72% to 1.45% of the total issued share capital[8] - The company has not disclosed any known relationships or concerted actions among other shareholders[7] - The top four shareholders, including Teng Yongxiong, are identified as concerted actors[7] Operating Performance - Total operating revenue for Q3 2024 reached CNY 1,141,355,496.57, a slight increase from CNY 1,133,706,337.61 in Q3 2023, representing a growth of approximately 0.6%[12] - Total operating costs for Q3 2024 were CNY 1,162,593,911.63, up from CNY 1,124,015,556.69 in the same period last year, indicating an increase of about 3.4%[12] - Inventory increased to CNY 495,544,583.92 from CNY 430,037,530.10, marking an increase of approximately 15.2%[11] - The company has ongoing investments in fixed assets, which rose significantly to CNY 849,203,099.89 from CNY 428,480,874.27, reflecting an increase of about 98.1%[11] Research and Development - Research and development expenses increased to ¥11,360,680.96 in Q3 2024, up from ¥10,961,774.24 in Q3 2023, representing a growth of about 3.6%[13] Accounting and Reporting - The third quarter report of Hai Xin Food Co., Ltd. for 2024 has not been audited[17] - The company will implement new accounting standards starting from 2024[17] - The board of directors presented the third quarter report on October 31, 2024[17]