Zhejiang Yiming Food (SH:605179)2021-10-28 16:00Financial Performance - Q3 2021 revenue reached ¥584,335,624.54, an increase of 2.99% year-over-year, while year-to-date revenue totaled ¥1,685,157,422.02, up 23.36% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥1,516,516.61, a significant decrease of 96.33% year-over-year, with year-to-date net profit at ¥61,539,624.93, down 37.79%[6]. - Basic and diluted earnings per share were both ¥0.0038, reflecting a decline of 96.89% compared to the previous year[9]. - Operating profit for the first three quarters of 2021 decreased to ¥71,922,579.11, down 45.4% from ¥132,317,957.37 in the same period of 2020[33]. - Net profit for the first three quarters of 2021 was ¥61,539,624.93, a decline of 37.8% compared to ¥98,925,473.91 in the same period of 2020[37]. - Total comprehensive income for the first three quarters of 2021 was ¥61,539,624.93, down from ¥98,925,473.91 in the same period of 2020[37]. Assets and Liabilities - Total assets increased to ¥2,587,981,914.60, representing a growth of 7.18% from the end of the previous year[9]. - Total liabilities increased to ¥1,328,857,165.18, compared to ¥1,124,792,785.29 in the previous year, reflecting a growth of 18.2%[30]. - Total equity attributable to shareholders was ¥1,259,124,749.42, down from ¥1,289,822,544.77 in the previous year, indicating a decrease of 2.4%[30]. - Current liabilities increased to ¥919,118,323.46 from ¥794,113,752.01 year-over-year[28]. - The company reported a total non-current asset of ¥1,956,484,560.48, up from ¥1,330,007,186.13 at the end of 2020[28]. Cash Flow - Cash flow from operating activities increased by 74.00% year-to-date, primarily due to increased member recharge activities during the back-to-school season[16]. - Net cash flow from operating activities for the first three quarters of 2021 was CNY 236,270,201.39, compared to CNY 130,658,253.87 in 2020, indicating a significant increase of about 80.5%[39]. - The company reported a total cash outflow from operating activities of CNY 1,720,683,210.53, compared to CNY 1,474,365,605.55 in the previous year, marking an increase of approximately 16.7%[39]. - The company’s cash inflow from sales of goods and services was CNY 1,880,943,455.75, up from CNY 1,555,478,734.07 in the same period last year, representing a growth of about 20.9%[39]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic, particularly in Jiangsu province, leading to temporary store closures and reduced customer traffic[14]. - Rising costs of raw milk and other materials significantly impacted operational costs, contributing to the decline in net profit[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,394[17]. - The top shareholder, Zhejiang Mingchun Investment Co., Ltd., holds 161,908,000 shares, accounting for 40.38% of total shares[17]. Other Financial Metrics - Research and development expenses for the first three quarters of 2021 amounted to ¥32,650,164.72, slightly up from ¥31,573,004.30 in the previous year[33]. - Total operating costs for the first three quarters of 2021 were ¥1,630,669,248.08, up 28.4% from ¥1,270,694,580.05 in the previous year[33]. - The company reported a financial expense of -¥3,585,701.95, an improvement compared to -¥4,482,712.05 in the previous year[33]. - Deferred income increased to ¥29,625,566.09 from ¥18,697,734.35, representing a growth of 58.5%[30].