西王食品(000639) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 105,287,790.80, down 2.84% year-on-year[7]. - Operating revenue for the period was CNY 1,634,154,405.54, an increase of 14.12% compared to the same period last year[7]. - The company reported a net profit attributable to shareholders for the year-to-date of CNY 285,288,903.15, down 14.24% compared to the previous year[7]. - The estimated cumulative net profit for the year is projected to be between 340 million and 380 million yuan, representing a significant increase of 145.21% compared to the previous year's loss of 751.99 million yuan[20]. - Basic earnings per share are expected to rise to 0.315 yuan, compared to a loss of 0.6967 yuan per share in the previous year, marking an increase of 145.21%[20]. - The net profit for Q3 2020 was CNY 129,279,034.93, compared to CNY 113,843,319.40 in the previous year, reflecting an increase of about 13.5%[38]. - The total profit for Q3 2020 was CNY 159,799,648.84, up from CNY 141,381,698.90, indicating a growth of approximately 13%[38]. - The operating profit for Q3 2020 was CNY 161,703,721.97, compared to CNY 138,354,066.96 in the same quarter last year, marking an increase of about 16.9%[38]. - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of CNY -74,754,459.31 compared to CNY 77,705,451.11 in the previous year[39]. - The total comprehensive income for Q3 2020 was CNY 285,626,178.45, a decrease of 40.9% from CNY 482,373,129.57 in Q3 2019[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,750,885,143.17, a decrease of 4.78% compared to the end of the previous year[7]. - Total liabilities as of September 30, 2020, amounted to CNY 3,364,579,172.57, down from CNY 4,039,450,097.99 at the end of 2019[31]. - Total assets as of September 30, 2020, were CNY 7,750,885,143.17, a decrease from CNY 8,140,129,890.14 at the end of 2019[31]. - Current liabilities total 2,427,082,325.95 CNY, with short-term borrowings at 1,145,815,000.00 CNY and accounts payable at 356,913,859.13 CNY[62]. - Non-current liabilities amount to 1,612,367,772.04 CNY, primarily driven by long-term borrowings of 1,019,588,467.43 CNY and deferred tax liabilities of 592,745,533.22 CNY[63]. - Total equity is reported at 4,100,679,792.15 CNY, with a capital reserve of 1,674,745,138.73 CNY and retained earnings of 566,024,008.96 CNY[63]. Cash Flow - The net cash flow from operating activities was CNY 182,017,546.34, an increase of 3.01% year-on-year[7]. - The net cash flow from operating activities for Q3 2020 was ¥361,004,587.32, a decrease of 4.1% compared to ¥378,563,045.40 in Q3 2019[54]. - Total cash inflow from operating activities was ¥4,477,069,041.59, while cash outflow was ¥4,116,064,454.27, resulting in a net cash flow of ¥361,004,587.32[54]. - Investment activities resulted in a net cash outflow of ¥392,943,997.06, compared to a net outflow of ¥251,689,630.61 in the previous year[55]. - Cash inflow from financing activities was ¥639,059,872.39, while cash outflow was ¥241,300,587.09, leading to a net cash flow of -¥241,300,587.09[55]. - The total cash and cash equivalents at the end of Q3 2020 was ¥616,264,837.14, down from ¥864,710,984.24 at the end of Q3 2019[55]. Operational Efficiency - Basic earnings per share were CNY 0.0975, a decrease of 2.89% compared to the same period last year[7]. - The weighted average return on equity was 2.79%, an increase of 0.72% compared to the previous year[7]. - Total operating costs for Q3 2020 reached CNY 1,461,725,949.71, up 12.6% from CNY 1,297,335,078.20 in Q3 2019[37]. - The operating costs for the third quarter were CNY 3,911,894,680.02, an increase from CNY 3,798,156,990.73, representing a rise of about 3%[44]. - The company reported a decrease in financial expenses, with interest expenses at CNY 27,340,324.44, down from CNY 44,149,016.08 in the previous year[37]. - Research and development expenses for Q3 2020 were CNY 70,352,917.90, compared to CNY 47,090,180.43 in the previous year, indicating an increase of approximately 49.3%[44]. Compliance and Governance - The company has committed to avoiding any illegal occupation of funds and assets, ensuring the protection of shareholder rights[17]. - The company has maintained its commitment to uphold the independence of its operations and assets, ensuring no non-operational fund occupation by controlling shareholders[22]. - The company has not engaged in any major contracts or commissioned financial management during the reporting period[21][24]. - The company has committed to transferring or temporarily managing any competing business to avoid conflicts with its operations[17]. - The third-quarter report has not been audited, which may affect the reliability of the financial data presented[67].