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贝因美(002570) - 2019 Q3 - 季度财报
BeingmateBeingmate(SZ:002570)2019-10-28 16:00

Financial Performance - Net profit attributable to shareholders decreased by 18.49% to CNY 15,839,675.16 for the reporting period, with a year-to-date loss of CNY 105,942,504.16, a decline of 478.85%[8] - Operating revenue for the reporting period increased by 24.89% to CNY 721,782,794.04, while year-to-date revenue rose by 11.46% to CNY 2,017,413,694.52[8] - Operating profit decreased by 435.49% compared to the same period last year, with an absolute decrease of 143.19 million RMB, primarily due to rising raw material prices and a significant decline in non-recurring income[23] - Net profit decreased by 463.3% compared to the same period last year, with an absolute decrease of 133.85 million RMB, mainly due to rising raw material prices and a significant decline in non-recurring income[24] - The company's net loss for Q3 2019 was CNY 288,354.54, compared to a profit of CNY 1,442,990.41 in Q3 2018[55] - The net profit for Q3 2019 was a loss of ¥104,960,164.82, compared to a profit of ¥28,890,755.46 in Q3 2018, indicating a significant decline in profitability[65] - The total comprehensive income for the third quarter was CNY 16.26 million, compared to CNY 18.91 million in the previous year, a decline of about 14.2%[57] - The total comprehensive loss for Q3 2019 was ¥104,594,403.78, compared to a comprehensive income of ¥31,228,846.95 in Q3 2018[65] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 42.35% to CNY 38,587,726.21 for the reporting period, with a year-to-date decline of 127.45%[8] - Cash flow from operating activities decreased by 127.45% compared to the same period last year, with an absolute decrease of 289.47 million RMB, primarily due to increased tax payments and operating expenses[25] - Cash and cash equivalents net increase decreased by 2,618.07% compared to the same period last year, with an absolute decrease of 300.58 million RMB, mainly due to reduced cash flow from operating and investing activities[28] - The total cash and cash equivalents at the end of the period were CNY 368,558,796.14, down from CNY 453,202,370.65 in the previous year[73] - The net increase in cash and cash equivalents for the period was -CNY 289,101,865.98, contrasting with an increase of CNY 11,481,075.10 in the prior year[73] Assets and Liabilities - Total assets at the end of the reporting period decreased by 15.63% to CNY 4,256,995,225.95 compared to the end of the previous year[8] - The company’s total net assets attributable to shareholders decreased by 7.26% to CNY 1,684,541,453.79 compared to the end of the previous year[8] - The company's current assets decreased from 2,513,465,563.58 yuan at the end of 2018 to 2,206,175,488.75 yuan as of September 30, 2019, representing a decline of approximately 12.2%[46] - The company's total liabilities decreased from 5,045,486,986.22 yuan at the end of 2018 to 4,256,995,225.95 yuan, a decrease of about 15.6%[46] - The company's long-term equity investments decreased significantly from 605,344,556.50 yuan at the end of 2018 to 91,314,789.43 yuan, a decline of approximately 84.9%[46] - Total liabilities decreased to CNY 2,537,914,166.33 from CNY 3,197,992,098.96, a reduction of 20.7%[48] - The company's total equity decreased to CNY 1,719,081,059.62 from CNY 1,847,494,887.26, reflecting a decline of 6.9%[48] Investments and Subsidiaries - The company plans to establish a wholly-owned subsidiary in Anda City to integrate existing farms and factories, enhancing operational efficiency and resource utilization[31] - The company completed an equity increase in a subsidiary, raising its stake in Beihai Ningshen from 35% to approximately 49%[34] - The company established a joint venture with Hebei Kanghong Animal Husbandry Co., Ltd., integrating dairy resources in Heilongjiang[34] - The company has engaged in wealth management activities, with a total investment of 2,602.3 million yuan in bank financial products[40] Expenses and Costs - Total operating costs for Q3 2019 were CNY 722,071,148.58, up from CNY 594,514,819.02, reflecting a year-over-year increase of 21.5%[55] - The company reported a significant increase in sales expenses, which rose to CNY 282,170,546.60 from CNY 228,249,325.96, an increase of 23.6%[55] - Research and development expenses increased to CNY 5,159,572.94 from CNY 3,820,422.79, marking a rise of 35.0%[55] - The company reported a significant increase in sales expenses, which rose to ¥531,208,749.51 from ¥349,315,401.72 in the previous year, indicating higher marketing efforts[67] Shareholder and Equity Information - The company has increased its treasury stock by 40.24% compared to the beginning of the period, with an absolute increase of 37.01 million RMB, due to ongoing stock repurchase activities[20] - As of September 30, 2019, the company repurchased a total of 6,641,100 shares, accounting for approximately 0.65% of the total share capital, with a total transaction amount of 37,007,138.00 yuan[35] - The total equity attributable to shareholders was CNY 1,816,409,682.51, highlighting the company's net worth[82] Accounting and Policy Changes - The company is undergoing adjustments in accounting policies as per new financial instrument standards effective from January 1, 2019[84]