惠发食品(603536) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥329,602,842.64, a decrease of 19.52% compared to the same period last year[4]. - The total profit for the quarter was -¥9,317,077.07, representing an increase of 35.03% year-on-year[4]. - The net profit attributable to shareholders was -¥9,223,446.55, a decrease of 21.93% compared to the previous year[4]. - The total profit for the year-to-date was -¥38,120,759.86, a decrease of 31.24% year-on-year[4]. - Net profit for the first three quarters of 2025 was a loss of CNY 36,913,705.45, compared to a loss of CNY 28,689,995.48 in 2024, representing a 28.7% increase in losses[20]. - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.16, compared to CNY -0.12 in 2024, indicating a worsening performance[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥29,343,063.75, down 44.30% compared to the same period last year[4]. - Cash inflow from operating activities for the first three quarters of 2025 was CNY 1,295,843,667.79, down 13.7% from CNY 1,501,450,939.84 in 2024[22]. - Net cash flow from operating activities decreased to $29,343,063.75 from $52,682,662.30, a decline of approximately 44%[23]. - Total cash outflow from operating activities was $1,266,500,604.04, down from $1,448,768,277.54, representing a decrease of about 12.5%[23]. - Cash inflow from financing activities totaled $404,724,930.28, down from $609,527,170.63, a decrease of about 33.5%[23]. - Net cash flow from financing activities was -$101,671,035.02, worsening from -$36,538,217.83, reflecting a decline of approximately 177%[23]. - The ending cash and cash equivalents balance decreased to $93,915,020.36 from $141,036,316.44, a drop of about 33.5%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,278,944,488.74, a decrease of 10.71% from the end of the previous year[5]. - The company's total liabilities decreased to CNY 834,541,875.02 in 2025 from CNY 953,694,374.75 in 2024, a reduction of 12.5%[18]. - Total current assets amount to RMB 559,490,833.67, a decrease from RMB 678,253,037.87 as of December 31, 2024[13][14]. - Total assets as of September 30, 2025, are RMB 1,278,944,488.74, down from RMB 1,432,383,524.94 at the end of 2024[14]. - Non-current assets total RMB 719,453,655.07, down from RMB 754,130,487.07[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 25,927[11]. - The largest shareholder, Shandong Huifa Investment Co., Ltd., holds 69,507,573 shares, accounting for 28.41% of total shares, with 35,000,000 shares pledged[11]. - The top three shareholders, including Shandong Huifa Investment Co., Ltd., hold a combined 55.87% of the shares[11]. - The company repurchased and canceled 2,261,520 restricted shares, reducing total share capital to 242,380,780 shares[12]. Expenses - The company reported a decrease in sales and management expenses, contributing to the profit changes[9]. - Research and development expenses for the first three quarters of 2025 were CNY 9,790,881.59, a decrease of 22.5% from CNY 12,623,167.83 in 2024[18]. - The company experienced a decrease in sales expenses, which were CNY 88,699,776.76 in 2025, down from CNY 99,493,263.38 in 2024, a reduction of 10.8%[18]. - Cash paid to employees decreased to $187,271,511.91 from $225,622,629.00, a reduction of approximately 17%[23]. - Cash paid for various taxes decreased to $51,603,543.52 from $56,063,226.13, a decline of about 8%[23]. - Cash paid for other operating activities decreased to $65,241,498.87 from $77,625,073.75, a reduction of approximately 16%[23]. Accounting Standards - The company will not apply new accounting standards starting from 2025[24].