恒顺醋业(600305) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥498,434,258.93, representing a year-on-year increase of 53.77%[7] - The net profit attributable to shareholders for Q3 2022 was ¥26,534,228.80, showing a significant increase of 268.18% compared to the same period last year[7] - The basic earnings per share for Q3 2022 was ¥0.0267, reflecting a growth of 225.61% year-on-year[7] - Total operating revenue for the first three quarters of 2022 reached ¥1,681,666,483.89, an increase of 23.7% compared to ¥1,359,390,307.40 in the same period of 2021[48] - Net profit for the first three quarters of 2022 was ¥148,446,761.65, representing a 10.7% increase from ¥133,909,628.48 in the same period of 2021[50] - Earnings per share for the first three quarters of 2022 were ¥0.1555, compared to ¥0.1346 in the same period of 2021[50] - The net profit for the third quarter of 2022 was ¥128,433,071.01, a decrease of 5.5% from ¥136,442,678.71 in the third quarter of 2021[64] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥110,582,019.96, showing a slight increase of 2.92%[7] - Cash flow from operating activities for the first three quarters of 2022 was ¥1,775,554,236.14, an increase from ¥1,552,459,957.51 in the previous year[50] - The company's cash flow from operating activities showed a net outflow of ¥1,969,541.94 in the first three quarters of 2022, compared to a net inflow of ¥31,882,171.50 in the same period of 2021[67] - The total assets at the end of the reporting period were ¥2,851,044,207.76, a decrease of 11.22% compared to the previous year[9] - The company's current assets totaled approximately CNY 1.11 billion, down from CNY 1.48 billion at the end of 2021, indicating a decrease of around 25.3%[39] - Cash and cash equivalents were reported at approximately CNY 213.33 million, a decline of about 31.5% from CNY 311.16 million at the end of 2021[39] - The total liabilities as of the reporting date were ¥618,182,162.04, a decrease from ¥962,652,527.90 in the previous year[48] - The total liabilities amounted to ¥477,175,735.02, down from ¥781,675,135.01 in the previous year, indicating a significant reduction in debt levels[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,483[14] - The largest shareholder, Jiangsu Hengshun Group Co., Ltd., holds 44.63% of the shares, with 85,760,000 shares pledged[14] Investments and Subsidiaries - The company transferred 72% equity of its subsidiary Zhenjiang Hengshun Rice Industry Co., Ltd. to its controlling shareholder Hengshun Group for a price of RMB 11.3688 million[19] - The company acquired 8.7% equity of its subsidiary Zhenjiang Hengshun New Seasoning Co., Ltd. for RMB 5.394 million, increasing its ownership to 76.6%[20] - The company sold 51% equity of its subsidiary Zhenjiang Hengshun Mall Co., Ltd. for RMB 84.0812 million, retaining 49% ownership post-transaction[24] - The company transferred 9% equity of its associate Zhenjiang Danhu District Guojin Rural Microfinance Co., Ltd. to Hengshun Group for RMB 14.8711 million, resulting in no remaining equity ownership[26] Dividends and Fundraising - The company distributed a cash dividend of approximately RMB 1.01 per share, totaling RMB 100.286 million, based on a total share count of 992,933,808 shares after excluding repurchased shares[28] - The company plans to raise up to RMB 2 billion through a non-public offering of up to 130 million A-shares[29] - The company adjusted its non-public offering fundraising target from CNY 2 billion to CNY 1.79 billion, a reduction of approximately 10.5%[34] - The company received approval from the China Securities Regulatory Commission for a non-public offering of up to 130 million new shares[36] - The company plans to utilize the proceeds from the non-public offering for various investment projects, although specific allocations were not detailed in the report[34] Research and Development - Research and development expenses for the first three quarters of 2022 totaled ¥59,410,863.00, slightly down from ¥59,911,882.50 in the same period of 2021[48] - Research and development expenses for the first three quarters of 2022 were ¥46,350,589.23, slightly down from ¥47,304,860.68 in the previous year[62] Financial Adjustments and Standards - The company reported a financial expense of ¥1,507,395.47, significantly reduced from ¥4,430,430.34 in the same period of 2021[48] - Deferred income as of the reporting date was ¥41,365,764.10, an increase from ¥29,327,290.84 in the previous year[48] - The deferred income increased to ¥39,961,623.17 from ¥24,440,805.00, indicating growth in future revenue recognition[62] - The new accounting standards were implemented starting in 2022, affecting the financial statements from the beginning of the year[70] Reporting and Governance - The company reported its Q3 2022 financial results on October 28, 2022[71] - The board of directors provided a comprehensive overview of the company's performance during the quarter[71]