天邦食品(002124) - 2022 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2022 reached ¥2,907,584,844.05, an increase of 3.08% year-on-year, while year-to-date revenue decreased by 18.91% to ¥6,833,654,193.02[6] - Net profit attributable to shareholders for Q3 2022 was ¥416,803,531.55, a significant increase of 120.38% year-on-year, with year-to-date net profit rising by 137.09% to ¥1,000,026,470.34[6] - The company reported a basic earnings per share of ¥0.2266 for Q3 2022, reflecting a 120.37% increase compared to the same period last year[6] - Operating revenue for the third quarter of 2022 was ¥6,833,654,193.02, down from ¥8,426,957,332.99 in the same period last year, reflecting a decline of approximately 19%[31] - Net profit for the current period was 1,002,238,243.48, compared to a net loss of 2,695,170,014.54 in the previous period, indicating a significant turnaround[32] - The total profit for the current period was 1,003,185,878.42, a significant recovery from a loss of 2,672,787,887.50 in the previous period[32] Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥19,129,673,675.97, representing a 3.45% increase from the end of the previous year[6] - Total liabilities as of September 30, 2022, were ¥14,624,543,210.75, a slight decrease from ¥14,780,489,303.25 at the beginning of the year, indicating a reduction of about 1.1%[30] - The company's current assets increased to ¥4,334,900,049.87 as of September 30, 2022, from ¥3,998,017,460.45 at the start of the year, marking a growth of approximately 8.4%[27] - Long-term equity investments rose significantly to ¥1,199,564,879.61 from ¥198,646,060.64, representing an increase of about 504%[27] - The total owner's equity as of September 30, 2022, was ¥4,505,130,465.22, up from ¥3,710,697,153.88 at the beginning of the year, indicating an increase of approximately 21.4%[30] - The total non-current liabilities decreased to ¥3,969,076,883.26 from ¥4,878,761,691.52, reflecting a reduction of about 18.6%[30] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was ¥239,312,584.03, an increase of 127.64% compared to the previous year[11] - The company's cash flow from investing activities increased by 41.57% year-on-year, reflecting reduced investment expenditures during the reporting period[14] - The cash inflow from operating activities totaled 8,460,525,896.01, down from 9,107,471,959.21, a decrease of about 7.1%[36] - Cash inflow from investment activities was $564.09 million, down 75.1% from $2.26 billion in the previous period[39] - Net cash flow from investment activities was negative $380.79 million, an improvement from negative $651.75 million in the previous period[39] - Cash inflow from financing activities was $3.55 billion, a decrease of 23.4% from $4.64 billion in the previous period[39] Costs and Expenses - The company experienced a 33.30% decrease in operating costs year-on-year, attributed to lower unit costs of live pigs[14] - Total operating costs for the third quarter of 2022 were ¥7,242,959,110.15, compared to ¥10,344,875,102.74 in the previous year, showing a decrease of about 30%[31] - Research and development expenses were reduced to 23,008,315.40 from 82,540,903.18, a decrease of approximately 72%[32] - Financial expenses increased to 324,138,617.12 from 243,317,879.99, reflecting a rise of approximately 33.3%[32] Inventory and Receivables - The company's inventory increased significantly to RMB 2,528,521,854.84 as of September 30, 2022, compared to RMB 1,774,319,396.43 at the beginning of the year, indicating a growth of about 42.5%[24] - Accounts receivable decreased slightly to RMB 48,689,060.43 from RMB 51,781,874.85, reflecting a decline of approximately 6%[24] - The company reported a significant increase in other receivables, which rose to RMB 574,902,629.46 from RMB 161,964,311.14, marking an increase of approximately 253%[24] Strategic Decisions and Market Conditions - The company has decided to postpone the advancement of two projects, namely the Nanjia Village and Doubaodian projects, due to the ongoing low market prices for pigs and rising feed costs[20] - The company has identified a need to reassess project timelines based on market conditions, indicating a strategic approach to investment and resource allocation[20] - The average pig price in the first three quarters of the year remained low, with sales prices showing a slight year-on-year decline[20] Share Issuance and Regulatory Matters - The company plans to issue up to 500,000,000 shares in a non-public offering, aiming to raise a total of no more than RMB 280,000.00 million[22] - The company is awaiting further approval from the China Securities Regulatory Commission regarding its non-public offering, with the timeline for approval remaining uncertain[23] Miscellaneous - The company paid $862.81 million in employee compensation, a decrease of 31.4% from $1.26 billion in the previous period[39] - The company reported a total tax payment of $71.81 million, an increase of 37.9% from $52.05 million in the previous period[39] - The company did not conduct an audit for the third quarter report[40]