加加食品(002650) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥364,031,963.92, representing a 10.50% increase compared to the same period last year[5]. - The net profit attributable to shareholders was -¥29,271,914.09, a decrease of 81.12% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥37,470,408.12, down 77.25% from the previous year[5]. - Total operating revenue for Q3 2023 was CNY 1,218,176,942.76, a decrease from CNY 1,272,649,104.01 in the same period last year, representing a decline of approximately 4.3%[37]. - Net profit for Q3 2023 was a loss of CNY 25,184,587.63, compared to a loss of CNY 16,573,054.93 in Q3 2022, reflecting a worsening of approximately 51.5%[38]. - The total comprehensive income for the third quarter was -33,322,593.08 CNY, compared to -64,393,523.39 CNY in the same period last year, showing an improvement[39]. - Basic and diluted earnings per share were both -0.023 CNY, compared to -0.011 CNY in the same period last year[39]. - The company's basic and diluted earnings per share were both -¥0.026, reflecting an 85.71% decrease year-on-year[5]. Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date was ¥2,294,535.36, an increase of 108.12% compared to the same period last year[13]. - The net cash flow from operating activities was 2,294,535.36 CNY, a significant recovery from -28,264,268.61 CNY in the previous year[42]. - Cash inflow from operating activities totaled 1,324,116,185.63 CNY, while cash outflow was 1,321,821,650.27 CNY, resulting in a net cash flow of 2,294,535.36 CNY[42]. - The company received 148,000,000.00 CNY in cash from financing activities, up from 48,000,000.00 CNY in the previous year[42]. - The net cash flow from financing activities was 45,692,777.64 CNY, compared to -113,291,726.05 CNY in the same period last year, indicating a positive shift[42]. - As of September 30, 2023, the company's cash and cash equivalents amounted to RMB 190 million, an increase from RMB 143 million at the beginning of the year[33]. - The cash and cash equivalents at the end of the period were 190,017,036.05 CNY, compared to 207,388,592.34 CNY at the end of the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,781,962,764.35, a slight increase of 0.25% from the end of the previous year[5]. - The company's total assets as of Q3 2023 amounted to CNY 2,781,962,764.35, slightly up from CNY 2,775,289,749.14 at the end of the previous period[35]. - Current liabilities totaled CNY 378,986,471.44, an increase from CNY 359,877,889.84, marking an increase of about 3.1%[35]. - Non-current liabilities were reported at CNY 114,023,862.17, which is relatively stable compared to CNY 113,941,204.49 from the previous period[35]. - The company's total equity decreased to CNY 2,288,952,430.74 from CNY 2,301,470,654.81, indicating a decline of approximately 0.5%[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,803[16]. - The top shareholder, Hunan Excellent Investment Co., Ltd., holds 18.79% of shares, totaling 216,419,200 shares, with 216,000,000 shares pledged[16]. - The company has a share repurchase account holding 44,916,376 shares, representing 3.90% of the total share capital[17]. - The controlling shareholder, Hunan Zhuoyue Investment Co., Ltd., has pledged 216 million shares, accounting for 99.81% of its holdings and 18.75% of the total share capital[28]. - The actual controller, Yang Zhen, has pledged 116.84 million shares, representing 99.20% of his holdings and 10.14% of the total share capital[28]. - As of the report date, the company's total share capital increased to 1,152,000,200 shares due to stock option exercises, with no new developments reported[26]. Investments and Returns - Investment income rose by 92.11% to ¥3,852,436.70, primarily due to increased investment income from joint ventures[11]. - The company invested 200 million RMB in the He Xing Fund, accounting for 99.995% of the fund's total subscribed capital[18]. - The company received investment returns of 510,512.06 RMB from the Ba Bi Food project as of July 11, 2023[19]. - The company has recovered a total of 19,309,238.62 RMB in principal and 26,888,364.56 RMB in investment returns from the Dongpeng Beverage project[20]. - The company has recovered 3,851,877.36 RMB in principal and 1,201,756.46 RMB in investment returns from the Aimer project[21]. - The company has invested 100 million RMB in the Puhua Fund, which was established in collaboration with Puhua Capital[23]. - The company approved a capital reduction of the Puhua Fund from RMB 1 billion to RMB 101 million during the board meeting on November 14, 2022[24]. - The Puhua Fund plans to invest RMB 49 million to acquire an 80.3147% stake in the Fushan Puyue Miao Heng Equity Investment Management Partnership[25]. Legal and Compliance Issues - The company and its controlling shareholders have been listed as dishonest executors due to various debt disputes[29][30]. - Hunan Zhuoyue Investment Co., Ltd. is currently under bankruptcy examination, with the outcome uncertain[31]. - A lawsuit involving the subsidiary, Jiajia Food Group (Langzhong) Co., Ltd., has been accepted by the court regarding a construction contract dispute[32]. Expenses - Financial expenses increased by 174.74% to ¥2,684,516.47 due to higher loan interest expenses and reduced bank interest income[11]. - Research and development expenses for Q3 2023 were CNY 17,254,696.56, slightly down from CNY 17,920,134.95 in the previous year[38]. - The company paid 145,728,292.39 CNY in employee compensation, slightly down from 148,685,757.84 CNY in the previous year[42].