惠发食品(603536) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 872,203,856.16, a 22.96% increase year-on-year[6] - Net profit attributable to shareholders was CNY 13,220,120.58, a significant turnaround from a loss of CNY 40,344,580.86 in the same period last year, representing a 132.77% increase[6] - Basic earnings per share increased to CNY 0.08 from a loss of CNY 0.24, marking a 132.77% improvement[6] - The company's operating revenue for Q3 2020 was CNY 340,396,318.36, an increase from CNY 306,249,114.70 in Q3 2019, representing a growth of approximately 11%[25] - The net profit for Q3 2020 was ¥27,681,961.19, compared to a net loss of ¥38,038,793.98 in the same period of 2019, indicating a significant turnaround[26] - Net profit for the first three quarters of 2020 was ¥126,537,771.66, compared to ¥110,849,964.27 in the same period of 2019, indicating a year-on-year increase of 14.2%[18] Assets and Liabilities - Total assets increased by 14.43% to CNY 1,401,353,972.26 compared to the end of the previous year[6] - The total liabilities increased to RMB 738,840,283.75 from RMB 575,036,069.90, indicating a rise in the company's financial obligations[15] - The company's total assets as of Q3 2020 amounted to ¥1,169,879,233.21, compared to ¥1,050,851,788.84 at the end of Q3 2019, representing a growth of 11.3%[18] - Current liabilities totaled ¥602,759,011.87 in Q3 2020, an increase from ¥493,456,311.75 in Q3 2019, marking a rise of 22.2%[18] - Total assets amounted to approximately $1,050.85 million, with current assets at $428.84 million and non-current assets at $622.02 million[38] - Total liabilities reached $569.53 million, with current liabilities at $493.46 million and non-current liabilities at $76.07 million[39] Cash Flow - Net cash flow from operating activities showed a decline of 120.08% to -CNY 11,066,049.93 for the first nine months[6] - The net cash flow from financing activities was RMB 90,511,523.33, a significant increase compared to a negative RMB 20,948,859.99 in the previous period, driven by increased financing lease activities[11] - Cash inflow from operating activities for the first nine months of 2020 was ¥1,006,031,803.85, up from ¥832,200,530.68 in 2019, representing a growth of approximately 20.9%[27] - The net cash flow from financing activities was ¥90,511,523.33, a recovery from a negative cash flow of -¥20,948,859.99 in the same period of 2019[28] - The net cash flow from operating activities for Q3 2020 was CNY 175,752,698.39, an increase from CNY 132,410,928.84 in Q3 2019, representing a growth of approximately 32.6%[31] Shareholder Information - The total number of shareholders reached 10,100 as of the report date[8] - The largest shareholder, Shandong Huifa Investment Co., Ltd., holds 32.05% of the shares, with 24,360,000 shares pledged[9] Inventory and Costs - The operating cost increased by 16.68% to RMB 702,128,552.78, primarily due to a decrease in raw material prices and increased product sales volume[11] - The company's inventory increased by 57.23% to RMB 249,130,032.05, attributed to an increase in inventory reserves during the reporting period[11] - The company's inventory increased to ¥149,739,075.32 in Q3 2020, up from ¥106,693,964.31 in Q3 2019, reflecting an increase of 40.3%[18] - Total operating costs for Q3 2020 were CNY 266,474,051.15, slightly higher than CNY 263,334,544.10 in Q3 2019[25] Research and Development - Research and development expenses for the first three quarters of 2020 were ¥10,771,544.28, down from ¥14,518,054.89 in the same period of 2019, indicating a decrease of 25.0%[20] - Research and development expenses for Q3 2020 were CNY 3,453,697.95, compared to CNY 3,587,612.25 in Q3 2019, indicating a decrease of approximately 4%[25] Financial Standards and Reporting - The company implemented new revenue and lease standards starting January 1, 2020, which may impact future financial reporting and performance metrics[35] - The company implemented new revenue recognition standards starting January 1, 2020, affecting financial reporting[40]