贝因美(002570) - 2025 Q3 - 季度财报

Financial Performance - Q3 2025 revenue reached ¥677,632,287.83, a 1.17% increase year-over-year, while year-to-date revenue decreased by 2.59% to ¥2,032,631,799.37[4] - Net profit attributable to shareholders was ¥32,258,157.04, up 59.25% year-over-year, and year-to-date net profit increased by 48.07% to ¥106,305,278.90[4] - The basic earnings per share rose to ¥0.03, a 50% increase compared to the same period last year, with diluted earnings per share also at ¥0.03[4] - The company's net profit for the current period is 114,189,094.68 CNY, an increase of 46.9% compared to 77,634,294.92 CNY in the previous period[36] - Operating profit reached 127,037,095.35 CNY, up from 96,473,870.30 CNY, reflecting a growth of 31.6%[36] - The company reported a total comprehensive income of 113,007,422.27 CNY, compared to 77,098,306.89 CNY in the previous period, indicating a growth of 46.5%[37] - Basic and diluted earnings per share increased to 0.10 CNY, up from 0.07 CNY, representing a growth of 42.9%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,039,237,281.45, a slight decrease of 0.06% from the end of the previous year[5] - The company's total assets amounted to 4,039,237,281.45 CNY, a slight decrease from 4,041,710,691.26 CNY at the beginning of the period[32] - The company's total liabilities decreased from 2,418,163,381.89 CNY to 2,259,584,702.19 CNY during the reporting period[33] - Owner's equity attributable to shareholders increased by 9.86% to ¥1,720,116,450.06 compared to the end of the previous year[5] - The company's equity attributable to shareholders increased from 1,565,669,995.95 CNY to 1,720,116,450.06 CNY during the reporting period[33] Cash Flow - Net cash flow from operating activities decreased by 68.67% year-over-year, down by ¥225,419,500, primarily due to reduced sales collections[20] - The net cash flow from financing activities increased by 132.32% compared to the same period last year, with an absolute increase of 403.465 million yuan, as the increase in cash inflow outpaced the increase in cash outflow[22] - Cash inflow from financing activities increased by 137.43% compared to the same period last year, with an absolute increase of 789.5218 million yuan, mainly due to increased bank loans and recovered pledged time deposits[21] - The net increase in cash and cash equivalents grew by 1341.77% compared to the same period last year, with an absolute increase of 177.1524 million yuan, driven by higher net cash from operating and financing activities[22] - Cash and cash equivalents at the end of the period increased to 1,244,553,723.34 CNY from 814,416,137.20 CNY, a rise of 52.7%[39] Research and Development - R&D expenses grew by 53.22% year-over-year, totaling an increase of ¥6,029,200[16] - Research and development expenses increased to 17,357,367.97 CNY, up 53.8% from 11,328,135.89 CNY, indicating a focus on innovation[36] Investments and Acquisitions - The company has established a joint investment in Heilongjiang Xiaoyang Lanlan Nutrition Food Co., Ltd., with a 10% stake in Heilongjiang Anjia Dairy Co., Ltd. after a series of equity transfers[27] - The company has invested 50,000 CNY (5% of registered capital) in the establishment of Xinjiang Tianshan Xiaobei Food Sales Co., Ltd., alongside Xinjiang Tianshan Yunmu Dairy Co., Ltd., which contributed 950,000 CNY (95% of registered capital)[28] - The company acquired a 10% stake in Xi'an Annuo Dairy Co., Ltd. for 3 million CNY, completing the transaction on December 13, 2024[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 147,904[24] - The largest shareholder, Zhejiang Xiaobei Demei Holdings, holds 12.28% of shares, amounting to 132,629,471 shares, with a significant portion pledged[24] Operational Efficiency - Total operating costs for the current period were 1,903,805,862.41 CNY, compared to 1,980,962,807.31 CNY in the previous period, indicating a reduction of about 3.9%[35] - The company's inventory decreased from 407,883,495.18 CNY to 396,346,505.80 CNY, reflecting a reduction of approximately 2.5%[31] - The company's financial expenses decreased significantly to 11,099,640.62 CNY from 24,170,906.05 CNY, a reduction of 54.0%[36] - The company's total revenue for the current period was 2,032,631,799.37 CNY, down from 2,086,761,284.80 CNY in the previous period, representing a decrease of approximately 2.6%[35]