涪陵榨菜(002507) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was CNY 608,592,010.46, representing a 1.30% increase year-over-year, while the year-to-date revenue reached CNY 1,955,329,427.55, up 8.73% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was CNY 127,489,394.79, a decrease of 39.07% year-over-year, with a year-to-date net profit of CNY 503,663,158.26, down 17.92% compared to the previous year[3] - The basic earnings per share for Q3 2021 was CNY 0.153, reflecting a decline of 43.33% year-over-year, while the diluted earnings per share also stood at CNY 0.153, down 43.33%[3] - The net profit for the third quarter of 2021 was CNY 503,663,158.26, a decrease of 18.0% compared to CNY 613,606,691.16 in the same period last year[19] - The total operating profit for the quarter was CNY 594,729,756.43, down 17.7% from CNY 722,489,993.47 in the previous year[19] - The total comprehensive income attributable to the parent company was CNY 503,663,158.26, a decrease of 18.0% from CNY 613,606,691.16 in the previous year[20] Assets and Equity - The company's total assets as of the end of Q3 2021 amounted to CNY 7,844,442,577.08, an increase of 97.61% compared to the end of the previous year[3] - The equity attributable to shareholders increased to CNY 7,197,670,219.50, marking a 110.99% rise from the end of the previous year[3] - The company's equity attributable to shareholders reached RMB 7,197,670,219.50, compared to RMB 3,411,459,905.45 at the end of 2020[17] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 531,084,644.06, down 24.33% compared to the same period last year[3] - The cash flow from operating activities was CNY 531,084,644.06, a decline of 24.3% compared to CNY 701,829,854.17 in the same period last year[21] - The company reported a significant increase in cash inflow from financing activities, totaling CNY 3,281,456,893.98, compared to a cash outflow of CNY -236,807,172.30 in the previous year[22] Receivables and Inventory - Accounts receivable surged by 1462.59% to CNY 42,746,705.41, attributed to the company's strategy of easing credit limits for certain customers to support new product sales[5] - Accounts receivable increased significantly to RMB 42,746,705.41 from RMB 2,735,629.20 year-over-year[15] - Inventory rose to RMB 481,514,156.67, compared to RMB 382,821,548.88 at the end of 2020, indicating a growth in stock levels[15] Expenses - Sales expenses rose by 83.69% to ¥519,356,188.42, mainly due to increased brand promotion costs of ¥223 million[6] - Total operating costs increased to RMB 1,379,174,277.85 from RMB 1,090,041,522.97, indicating a rise in expenses[18] - The company reported a significant increase in sales expenses to RMB 519,356,188.42 from RMB 282,732,247.06 year-over-year[18] - Research and development expenses decreased slightly to RMB 4,575,745.51 from RMB 5,471,092.30, indicating a focus on cost management in this area[18] Investments and Projects - The company is investing in the construction of a new pickled vegetable production base with an annual capacity of 50,000 tons and a technical transformation project for Doubanjiang with an annual capacity of 10,000 tons[5] - The company plans to use the proceeds from a non-public offering of up to ¥3.3 billion for the construction of a green intelligent production base[11] Government Subsidies and Tax Refunds - The company reported a government subsidy of CNY 2,382,087.43 for the current period, contributing to its non-operating income[4] - The company reported a 450.24% increase in tax refunds received, amounting to ¥8,842,337.98, mainly from VAT refunds[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,811[8] - The largest shareholder, Chongqing Fuling State-owned Assets Investment Group Co., Ltd., holds 35.26% of the shares[8] - The company raised a total of RMB 3,299,999,985.98 through a private placement of 98,272,781 shares at RMB 33.58 per share, with a net amount of RMB 3,279,921,524.52 after deducting issuance costs[12] Cash and Cash Equivalents - As of September 30, 2021, the company had cash and cash equivalents of RMB 3,162,351,734.34, an increase from RMB 1,749,576,465.89 as of December 31, 2020[14] - The cash and cash equivalents at the end of the period increased to CNY 1,719,008,127.89, compared to CNY 1,339,356,869.26 at the end of the previous year[22] Financial Management - Financial expenses increased by 316.17% to -¥72,448,870.63, attributed to higher interest income from cash management[6] - Investment income grew by 108.27% to ¥15,455,710.78, primarily from increased returns on bank and securities wealth management products[6] - Cash flow from operating activities saw a net increase of ¥1,408,073,707.27, a 174.85% rise, mainly due to increased cash from investment absorption[6] Audit Information - The company did not undergo an audit for the third quarter report[23]