ANJI FOOD(SH:603696)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 8.79% to CNY 32,716,401.09 for the third quarter[7] - The company reported a net profit of CNY 39,290,850.01 for the first nine months, an increase of 2.37% year-on-year[6] - Basic earnings per share decreased by 5.56% to CNY 0.17[7] - Net profit for the first three quarters of 2020 was CNY 2,325,384.23, down from CNY 4,664,632.59 in the same period of 2019, reflecting a decline of approximately 50.3%[26] - The net profit for Q3 2020 reached ¥15.49 million, compared to ¥10.15 million in Q3 2019, indicating a year-over-year increase of 52.06%[29] - The net profit for Q3 2020 was CNY 14,046,903.48, a decrease from CNY 36,149,141.31 in Q3 2019, representing a decline of approximately 61.2%[31] - The total profit for Q3 2020 was CNY 16,229,766.38, compared to CNY 41,936,176.99 in the same period last year, indicating a decrease of about 61.2%[31] Revenue and Costs - Operating revenue for the first nine months decreased by 6.60% to CNY 286,769,012.35 compared to the same period last year[6] - Total revenue for Q3 2020 was CNY 108,460,832.68, an increase from CNY 98,374,654.79 in Q3 2019, representing a growth of approximately 11.1%[25] - Total operating costs for Q3 2020 were CNY 92,961,783.79, compared to CNY 88,286,422.73 in Q3 2019, indicating an increase of about 8.3%[26] Assets and Liabilities - Total assets decreased by 5.42% to CNY 602,635,930.81 compared to the end of the previous year[6] - Total liabilities decreased by 4.43% to ¥43,682,080.05 from ¥45,696,371.21, with accounts payable rising by 51.16% to ¥10,866,015.21 from ¥7,188,438.73[19] - Total assets as of September 30, 2020, were CNY 615,842,515.90, a decrease from CNY 648,439,279.78 at the end of 2019, representing a reduction of about 5.0%[24] - Total liabilities as of September 30, 2020, were CNY 40,557,579.28, compared to CNY 37,621,214.53 at the end of 2019, showing an increase of approximately 5.2%[24] Cash Flow - Net cash flow from operating activities decreased by 62.91% to CNY 16,274,910.23 for the first nine months[6] - Cash flow from operating activities for the first three quarters of 2020 was CNY 16,274,910.23, down from CNY 43,877,194.19 in the previous year, reflecting a decline of approximately 62.9%[33] - The company reported a decrease in cash flow from operating activities, with cash inflows totaling CNY 343,946,354.22 in the first three quarters of 2020, down from CNY 791,055,651.88 in the same period last year, a decline of approximately 56.5%[32] - Cash inflow from investment activities in Q3 2020 was CNY 509,100,880.35, an increase from CNY 353,261,232.03 in Q3 2019, marking a growth of about 44.2%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,273[12] - The largest shareholder, Lin Xiaofang, holds 51.88% of the shares, with 17,400,000 shares pledged[12] Government Subsidies and Other Income - Government subsidies recognized in the first nine months amounted to CNY 3,304,648.33[9] - Non-operating income for the first nine months totaled CNY 6,574,448.92[10] - Other income increased by 47.39% to ¥3,304,648.33 from ¥2,242,180.65, primarily due to increased government subsidies[15] Inventory and Receivables - Accounts receivable increased by 38.09% to ¥17,576,330.82 compared to ¥12,727,981.62 at the end of 2019, primarily due to outstanding payments from customers at the end of the reporting period[14] - Prepayments rose by 78.81% to ¥28,246,664.21 from ¥15,796,707.05, mainly due to increased advance payments for bulk materials[14] - Other receivables increased by 38.40% to ¥1,218,660.66 from ¥880,561.25, attributed to an increase in advances[14] Financial Standards and Changes - The company implemented new revenue and lease standards starting January 1, 2020, affecting the financial statements[38] - The company implemented a new revenue recognition standard effective January 1, 2020, adjusting customer prepayments from current liabilities to contract liabilities[43]