佳禾食品(605300) - 2025 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2025 was CNY 583,125,963.39, a decrease of 3.87% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 13,568,409.38, reflecting a 2.70% increase year-on-year, while net profit excluding non-recurring items dropped by 26.07%[4] - Total profit for the year-to-date was CNY 30,936,030.91, down 70.66% compared to the previous year[4] - Basic earnings per share for the year-to-date decreased by 71.43% to CNY 0.06[5] - The net profit for the first three quarters of 2025 was CNY 29,316,822.96, compared to CNY 84,097,309.62 in the same period of 2024, indicating a decline of approximately 65.2%[22] - The company reported a basic and diluted earnings per share of CNY 0.06 for the first three quarters of 2025, down from CNY 0.21 in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 was CNY 27,507,608.59, down from CNY 83,361,342.89 in the same period of 2024[23] Assets and Liabilities - The company's total assets increased by 24.85% to CNY 3,597,055,528.50 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to RMB 2,629,398,592.36, up from RMB 1,891,327,779.72 at the end of 2024, reflecting a growth of 38.9%[16] - Total assets increased to RMB 3,597,055,528.50 as of September 30, 2025, compared to RMB 2,881,151,326.22 at the end of 2024, representing a growth of 25.0%[18] - Total liabilities stood at RMB 725,638,703.44, slightly up from RMB 721,063,467.38 at the end of 2024, indicating a marginal increase of 0.8%[18] - The company's equity attributable to shareholders rose to RMB 2,863,512,258.40 from RMB 2,155,218,920.79, an increase of 33.0%[18] Cash Flow - Cash flow from operating activities for the year-to-date fell by 99.04% to CNY 1,183,970.27, primarily due to increased raw material procurement costs[10] - Cash flow from operating activities for the first three quarters of 2025 was CNY 1,183,970.27, a significant decrease from CNY 123,825,706.79 in the same period of 2024[25] - The company experienced a net cash outflow from investing activities of CNY 866,928,958.37 in the first three quarters of 2025, compared to a net inflow of CNY 56,922,339.66 in the same period of 2024[25] - Cash flow from financing activities generated a net inflow of CNY 787,395,605.39 in the first three quarters of 2025, contrasting with a net outflow of CNY 494,959,356.30 in the same period of 2024[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,478[11] - The company has not reported any changes in major shareholders or their participation in securities lending activities[14] Operational Metrics - Total operating revenue for the first three quarters of 2025 reached RMB 1,768,543,538.52, an increase of 5.3% compared to RMB 1,680,074,758.06 in the same period of 2024[21] - Total operating costs increased to CNY 1,758,046,129.77 from CNY 1,591,780,783.46, marking an increase of about 10.4%[22] - The company's cash and cash equivalents decreased to RMB 362,363,742.90 from RMB 501,484,395.94, a decline of 27.8%[16] - Inventory levels increased to RMB 384,738,019.23 from RMB 348,917,732.03, marking an increase of 10.3%[16] - Short-term borrowings increased to RMB 281,492,483.07 from RMB 234,458,680.92, reflecting a rise of 20.0%[17] - The company reported a decrease in accounts payable to RMB 248,710,939.54 from RMB 285,404,240.66, a reduction of 12.9%[17] Profitability Challenges - The company reported a significant decline in net profit due to rising raw material prices and increased marketing expenses[9] - The weighted average return on equity decreased by 2.76 percentage points to 0.99% year-to-date[5] - The company reported a decrease in other comprehensive income after tax of CNY -1,809,214.37 for the first three quarters of 2025, compared to CNY -735,966.73 in the same period of 2024[23]