恒顺醋业(600305) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 324,145,605.52, a decrease of 34.97% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was CNY 7,206,855.50, down 91.19% year-on-year[6]. - The basic earnings per share for Q3 2021 was CNY 0.0075, reflecting a decline of 90.81% compared to the previous year[6]. - The net profit attributable to shareholders for the year-to-date period was CNY 134,649,901.58, down 41.73% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2021 was CNY 1,359,390,307.40, a decrease of 6.36% compared to CNY 1,451,836,658.81 in the same period of 2020[40]. - The total operating profit decreased to ¥166,887,707.28 from ¥283,165,951.14, representing a decline of approximately 41.1% year-over-year[43]. - Net profit for the period was ¥133,909,628.48, down from ¥236,692,141.55, indicating a decrease of about 43.4% compared to the previous year[43]. - The company's basic earnings per share (EPS) was ¥0.1346, compared to ¥0.2304 in the same period last year, reflecting a decline of approximately 41.7%[45]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 62.42% to CNY 107,445,456.59[6]. - Cash inflow from operating activities totaled ¥1,626,939,541.67, a decrease from ¥1,672,007,257.50, showing a decline of about 2.7% year-over-year[49]. - Cash outflow from operating activities was ¥1,519,494,085.07, compared to ¥1,386,132,291.21, indicating an increase of approximately 9.6% year-over-year[49]. - The net cash flow generated from operating activities was ¥107,445,456.59, down from ¥285,874,966.29, representing a decline of about 62.4% year-over-year[49]. - The net cash flow from investing activities was $204.57 million, a significant improvement from a negative $310.74 million in the previous period[51]. - Total cash and cash equivalents at the end of the period decreased to $133.66 million from $199.69 million, reflecting a net decrease of $63.68 million[51]. - Cash outflows from financing activities totaled $769.59 million, compared to $336.62 million in the prior period, leading to a net cash flow from financing activities of negative $375.68 million[51]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,899,131,303.47, a decrease of 10.49% from the end of the previous year[9]. - Total assets decreased to CNY 2,899,131,303.47 from CNY 3,238,866,902.72, reflecting a decline of 10.5%[40]. - Total liabilities decreased to CNY 624,493,225.37 from CNY 743,979,655.14, a reduction of 16.1%[40]. - The total liabilities were approximately $743.98 million, a slight decrease from $745.11 million in the prior period[57]. - The company's equity remained stable at approximately $2.49 billion, reflecting consistent shareholder value[57]. - Total equity attributable to shareholders amounted to ¥2,398,558,790.14, with total equity including minority interests at ¥2,494,887,247.58[60]. Shareholder Information - The company has a total of 110,769 common shareholders at the end of the reporting period[16]. - Jiangsu Hengshun Group Co., Ltd. holds 44.53% of the shares, making it the largest shareholder[16]. - The company distributed a cash dividend of approximately RMB 0.1574 per share, totaling RMB 157,464,097.02, based on a share base of 1,000,493,652 shares after excluding repurchased shares[25]. Investments and Transactions - The company completed the transfer of 45.95% equity in Zhenjiang Hengda Packaging Co., Ltd. for RMB 18.35 million, which constitutes a related party transaction[27][29]. - The company’s subsidiary, Zhenjiang Hengshun Market Co., Ltd., acquired 100% equity in Zhenjiang Hengrun Condiment Co., Ltd. for RMB 11.4757 million, which is also a related party transaction[29]. - The company exercised its right to redeem RMB 130 million in bonds from Zhenjiang Urban Construction Industry Group, receiving RMB 715,000 in interest, resulting in an annualized average yield of 5.7%[26]. Research and Development - Research and development expenses increased to CNY 59,911,882.50 in 2021, up 35.7% from CNY 44,144,140.24 in 2020[40]. Inventory and Receivables - Inventory as of the reporting date was CNY 320,404,950.65, an increase of 9.4% from CNY 291,489,541.58 in the previous period[35]. - The company reported a decrease in accounts receivable to CNY 53,814,674.77 from CNY 92,252,349.55, a decline of 41.9%[35].