ANJI FOOD(SH:603696)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 165,554,074.76, representing a year-on-year increase of 13.78%[6] - The net profit attributable to shareholders for Q3 2022 was CNY 6,259,460.81, a decrease of 31.15% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 7,734,224.62, down 8.35% year-on-year[6] - The basic earnings per share for Q3 2022 was CNY 0.03, a decrease of 25% compared to the previous year[7] - The net profit for Q3 2022 was CNY 16,148,493.54, a decrease of 55.05% compared to CNY 35,884,313.05 in Q3 2021[22] - The company reported a net profit margin of approximately 5.3% for the first three quarters of 2022, compared to 9.0% in the same period of 2021[21] - The net profit for the first three quarters of 2022 was CNY 18,856,923.74, compared to CNY 37,920,189.14 in 2021, indicating a decrease of approximately 50.2%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 4,220,913.73, a significant decrease of 93.25%[7] - The company experienced a 93.25% decline in net cash flow from operating activities primarily due to the payment of maturing notes payable[10] - The net cash flow from operating activities for the first nine months of 2022 was CNY 4,220,913.73, a significant decrease from CNY 62,565,984.43 in the previous year[25] - The net cash flow from operating activities for Q3 2022 was $51,663,026.10, a decrease of 22% compared to $66,170,036.11 in Q3 2021[34] - The cash flow from operating activities was impacted by a total outflow of $269,512,079.50, compared to $345,254,662.74 in the previous year, a reduction of about 22%[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 634,665,134.65, a decrease of 1.01% from the end of the previous year[7] - The company's equity attributable to shareholders decreased by 1.72% to CNY 539,299,694.63 compared to the end of the previous year[7] - Total assets decreased to RMB 634,665,134.65 as of September 30, 2022, down from RMB 641,120,386.13 at the end of 2021[19] - Total liabilities increased to RMB 95,365,440.02 from RMB 92,371,513.37 year-over-year, suggesting a rise in financial obligations[19] - The total liabilities increased to CNY 98,388,033.20 in Q3 2022 from CNY 85,778,071.92 in Q3 2021, representing an increase of about 14.5%[28] Inventory and Receivables - The company reported a significant increase in accounts receivable by 32.98% due to outstanding payments from certain customers[10] - Accounts receivable increased to RMB 16,115,157.46 from RMB 12,118,408.66 year-over-year, reflecting a growth in credit sales[17] - Inventory levels rose to RMB 37,785,697.61, compared to RMB 34,731,577.28 at the end of 2021, indicating potential stockpiling or increased production[17] - The company's inventory decreased to CNY 21,264,795.53 in Q3 2022 from CNY 23,274,268.97 in Q3 2021, a reduction of about 8.6%[28] Expenses - Total operating costs for the first three quarters of 2022 were RMB 380,829,917.80, compared to RMB 364,241,995.38 in the previous year, indicating an increase in costs[21] - The total operating expenses for Q3 2022 were CNY 66,626,000.00, a decrease from CNY 70,000,000.00 in Q3 2021[22] - The company reported a tax expense of CNY 2,291,002.18 for Q3 2022, down from CNY 6,408,886.78 in Q3 2021[22] - The company's research and development expenses for the first three quarters of 2022 were CNY 8,088,839.93, compared to CNY 9,189,003.60 in the previous year, reflecting a decrease of approximately 12.0%[30] Future Plans and Strategies - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[20] - The company plans to enhance warehouse capacity and space utilization by increasing shelving, which is reflected in a 100.04% increase in long-term deferred expenses[10]