KCGJ(SH:600097)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥440,053,154.83, a decrease of 2.46% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥43,463,763.04, an increase of 569.88% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,204,280.51, an increase of 1,827.54% compared to the same period last year[3]. - The basic earnings per share for Q3 2023 was ¥0.18, an increase of 800.00% year-on-year[5]. - Net profit for Q3 2023 was ¥20,217,603.20, down 58.9% from ¥49,155,722.40 in Q3 2022[21]. - The total comprehensive income attributable to the parent company for Q3 2023 was CNY 45,880,218, a decrease from CNY 95,495,168 in Q3 2022, representing a decline of approximately 52%[22]. - Basic and diluted earnings per share for Q3 2023 were CNY 0.07, down from CNY 0.18 in Q3 2022, reflecting a decrease of about 61%[22]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥3,387,907,934.47, a decrease of 1.36% from the end of the previous year[5]. - As of September 30, 2023, the total assets amounted to CNY 1,492,780,235, showing a slight increase from CNY 1,490,854,330.20 at the end of 2022[16]. - The company's total assets decreased to ¥3,387,907,934.47 from ¥3,434,449,648.88, indicating a reduction in asset base[18]. - Total liabilities decreased to ¥1,242,336,919.80 from ¥1,307,359,088.16, showing a decline in financial obligations[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥75,215,301.68, a decrease of 173.23% compared to the same period last year[3]. - Net cash flow from operating activities for the first three quarters of 2023 was negative CNY 75,215,302, compared to a positive CNY 102,711,508 in the same period of 2022[23]. - Cash inflow from operating activities totaled CNY 1,364,134,228 for the first nine months of 2023, a slight decrease from CNY 1,404,702,281 in the previous year[23]. - Cash outflow from operating activities increased to CNY 1,439,349,530 in 2023 from CNY 1,301,990,773 in 2022, marking an increase of approximately 10.6%[23]. - The net cash flow from investing activities was negative CNY 41,520,553 in 2023, compared to negative CNY 129,473,580 in 2022, indicating an improvement in investment cash flow[23]. - Cash and cash equivalents at the end of Q3 2023 stood at CNY 404,285,779, down from CNY 564,785,801 at the end of Q3 2022, a decrease of about 28.3%[23]. - The company reported a total cash outflow from financing activities of CNY 115,312,772 in 2023, compared to CNY 172,412,364 in 2022, showing a reduction of approximately 33%[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,574[10]. - The largest shareholder, Shanghai Ocean Fishing Co., Ltd., held 42.26% of the shares[10]. - The company’s indirect controlling shareholder, Bright Food Group, holds 42.83% of the total shares as of September 30, 2023[12]. - The total number of shares held by the top ten shareholders amounts to 34,944,360, representing 14.50% of the total share capital[12]. Operational Insights - The company reported a significant increase in tuna gross profit margin, contributing to the rise in net profit for the quarter[7]. - Total operating revenue for the first three quarters of 2023 reached ¥1,213,353,362.65, a slight decrease of 1.2% compared to ¥1,231,500,807.32 in the same period of 2022[19]. - Total operating costs increased to ¥1,224,174,578.98, up from ¥1,211,262,873.48, reflecting a rise in operational expenses[19]. - Research and development expenses were reported at ¥106,479.80, indicating ongoing investment in innovation[20]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥16,468,138.96 from ¥9,783,540.40[20]. Construction and Acquisitions - A new factory construction by ALBO in Spain has a total investment budget of €30.4 million, with an actual investment of €25.25 million after VAT deductions[14]. - The company has delayed the acquisition of the remaining 30% equity in FCS due to ongoing negotiations influenced by international fisheries development and policy changes[13]. Management Changes - The company has completed the registration procedures for the election of a new chairman, Mr. Wang Haifeng, as of the recent board meeting[14].