桂发祥(002820) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥128,380,041.14, a decrease of 4.65% compared to the same period last year[5] - Net profit attributable to shareholders was ¥4,939,277.79, down 61.99% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥4,810,699.11, a decrease of 61.94%[5] - The basic and diluted earnings per share were both ¥0.03, reflecting a decline of 57.14% compared to the previous year[5] - Total operating revenue decreased to ¥377,465,895.51 from ¥402,560,206.25, a decline of approximately 6.3% year-over-year[22] - Net profit fell to ¥1,019,594.79 from ¥35,712,884.73, a significant decrease of approximately 97.2% year-over-year[23] - Earnings per share (EPS) decreased to ¥0.01 from ¥0.18, reflecting a decline of approximately 94.4% year-over-year[24] - The company reported a total comprehensive income of ¥1,041,354.71, down from ¥35,708,706.22, a decrease of approximately 97.1% year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥989,243,250.68, a decrease of 1.79% from the end of the previous year[5] - Total assets decreased from ¥1,007,256,919.17 to ¥989,243,250.68, a decline of about 1.7%[20] - Total liabilities increased from ¥86,978,689.33 to ¥97,225,130.38, an increase of approximately 11.4%[20] - The company's non-current liabilities remained relatively stable, increasing slightly from ¥31,128,872.21 to ¥31,694,855.15[20] - The total equity remains unchanged at ¥200,868,295.00, with capital reserves at ¥437,740,181.11[20] Cash Flow - The company experienced a decrease in cash flow from operating activities, with net cash flow from operating activities at ¥63,266,654.11, down 10.69% year-on-year[5] - Cash flow from operating activities generated ¥63,266,654.11, down from ¥70,837,911.34, a decrease of about 10.5% year-over-year[24] - Cash and cash equivalents at the end of the period decreased to ¥208,797,485.52 from ¥417,594,131.18, a decline of approximately 50.0% year-over-year[25] - Investment activities resulted in a net cash outflow of ¥56,053,300.37, compared to a net outflow of ¥185,091,301.77 in the previous period[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,979[15] - The largest shareholder, Tianjin Guifaxiang Mahua Catering Group Co., Ltd., holds 33.99% of shares, totaling 68,273,314 shares[15] Operational Insights - The company reported a 6.23% decline in overall operating revenue, with e-commerce channels showing growth despite the overall downward trend[9] - Sales expenses increased due to higher operational service fees and advertising investments aimed at expanding brand influence[11] - The company has increased its investment in e-commerce and advertising, although the benefits from new market expansions have yet to materialize[9] - The company reported a decrease in financial income due to lower interest income from bank deposits and reduced returns from financial products[12] - The company has actively increased its social responsibility contributions, leading to a rise in other expenses[12] - The company has not reported any significant new product developments or market expansion strategies in the current period[17] Inventory and Receivables - Accounts receivable increased from ¥14,342,680.72 to ¥23,742,211.08, representing a growth of about 65.8%[19] - Inventory decreased from ¥53,209,134.01 to ¥42,890,828.42, a reduction of approximately 19.4%[19] Accounting Standards - The new accounting standards will be implemented starting from 2025[26] - The financial report for the first year of the new accounting standards will reflect relevant project situations at the beginning of the year[26] - The third quarter financial report of Tianjin Guifaxiang Eighteen Street Mahua Food Co., Ltd. has not been audited[26] - The company’s board of directors issued the report on October 29, 2025[26]