燕塘乳业(002732) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 was ¥413,529,763.73, representing a decrease of 8.21% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥18,370,710.66, down 26.20% year-on-year, while the net profit excluding non-recurring items was ¥17,696,608.61, a decrease of 31.74%[5]. - The basic earnings per share for the period was ¥0.12, reflecting a decline of 25.00% compared to the previous year[5]. - Total operating revenue for the current period is CNY 1,178,704,029.79, a decrease of 9.6% compared to CNY 1,303,139,402.26 in the previous period[25]. - Net profit for the current period is CNY 53,729,193.62, representing a decline of 33.9% from CNY 81,311,311.05 in the previous period[26]. - Basic and diluted earnings per share for the current period are both CNY 0.34, down from CNY 0.52 in the previous period[27]. - The company reported a total comprehensive income of CNY 53,729,193.62 for the current period, down from CNY 81,311,311.05 in the previous period[26]. Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,995,104,305.09, an increase of 2.65% from the end of the previous year[5]. - The total liabilities as of September 30, 2025, were RMB 469,764,939.20, an increase from RMB 448,091,726.79 at the beginning of the period[23]. - The company's current assets totaled RMB 607,610,568.95, up from RMB 589,859,178.33 at the beginning of the period[22]. - The company's non-current assets reached RMB 1,387,493,736.14, compared to RMB 1,353,645,220.73 at the beginning of the period[23]. - Total liabilities and equity amount to CNY 1,995,104,305.09, an increase from CNY 1,943,504,399.06 in the previous period[24]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥130,468,723.71, showing an increase of 38.94%[5]. - The company reported a 224.40% increase in cash received related to operating activities, totaling ¥75,397,465.07, largely from project subsidies[10]. - Cash flow from operating activities for the current period is CNY 130,468,723.71, an increase of 39.0% compared to CNY 93,901,086.50 in the previous period[27]. - Investment activities cash outflow totaled $156,859,520.72, with a net cash flow from investment activities of -$133,230,404.56[28]. - Financing activities cash inflow amounted to $67,391,248.77, while cash outflow for financing activities was $93,453,492.13, resulting in a net cash flow from financing activities of -$26,062,243.36[28]. - The net increase in cash and cash equivalents was -$28,823,924.21, with a beginning balance of $347,851,847.64, leading to an ending balance of $319,027,923.43[28]. Investments and Projects - The company reported a significant increase in construction in progress, rising by 676.33% to ¥44,241,721.05, primarily due to advancements in logistics and production facilities[9]. - The company plans to invest in the construction of a modern dairy processing plant in cooperation with the local government, enhancing its production capacity[19]. - The company completed 65% of the civil engineering for the Smart Logistics Center project, and the construction of the modern dairy processing plant with a daily capacity of 600 tons in Eastern Guangdong has commenced[19]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[5]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,017[11]. - Guangdong Yantang Investment Co., Ltd. holds 40.97% of shares, totaling 64,465,743 shares[11]. - Guangdong Yueken Investment Co., Ltd. holds 11.69% of shares, totaling 18,401,011 shares[11]. Governance and Compliance - The company has signed a liability insurance agreement for its directors and senior management to promote better governance[20]. - The company has revised its articles of association and meeting rules to align with new legal requirements[20]. - The third quarter financial report was not audited, indicating potential implications for financial transparency[29]. Other Financial Metrics - Financial expenses increased by 185.04% to ¥2,387,316.68, primarily due to reduced interest income[9]. - Research and development expenses for the current period are CNY 10,333,215.57, a decrease of 10.2% from CNY 11,496,204.43 in the previous period[25]. - Other income for the current period is CNY 14,636,499.59, an increase from CNY 10,591,959.39 in the previous period[25]. - The company has a total deposit balance of RMB 28,312.05 million as of September 30, 2025[14]. - The company has a total of RMB 50,000 million in comprehensive credit facilities[14]. - The company has a loan balance of RMB 0 at the end of the reporting period[14]. - The company has engaged in daily transactions with related parties for procurement and services[13]. - As of the disclosure date, Zhanjiang Agricultural Reclamation provided a total of RMB 10 million to Zhanjiang Yantang under the funding agreement[17].