KE MING FOOD(SZ:002661)2021-10-21 16:00Financial Performance - The company's revenue for Q3 2021 was ¥1,029,161,527.34, representing a 5.23% increase compared to the same period last year[2] - Net profit attributable to shareholders decreased by 50.57% to ¥32,635,028.36 in Q3 2021, and by 73.75% to ¥75,755,642.77 for the year-to-date[2] - The basic earnings per share (EPS) for Q3 2021 was ¥0.099, down 51.47% year-over-year, and year-to-date EPS was ¥0.229, down 74.56%[2] - Net profit for the period was CNY 75,718,314.29, a decrease of 73.7% from CNY 288,593,176.49 in the same period last year[18] - Basic earnings per share decreased to CNY 0.229 from CNY 0.900, indicating a decline of 74.7%[19] - The company reported a total profit of CNY 84,307,885.80, down from CNY 360,405,406.06, reflecting a decline of 76.6%[18] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,801,742,080.17, a decrease of 1.31% from the end of the previous year[2] - As of September 30, 2021, the total assets of Chen Ke Ming Food Co., Ltd. amounted to CNY 3,801,742,080.17, a slight decrease from CNY 3,852,125,064.31 at the end of 2020[14] - The company's current assets decreased to CNY 1,118,959,901.04 from CNY 1,415,357,953.24, representing a decline of approximately 21%[14] - Total liabilities amounted to CNY 1,244,621,330.09, a decrease from CNY 1,285,920,414.01[16] - The total liabilities of the company were not explicitly stated, but current liabilities included accounts payable of CNY 131,608,758.69, which increased from CNY 116,829,346.68, showing a rise of about 12.6%[14] Cash Flow - The company reported a net cash flow from operating activities of ¥235,155,763.40, which is a decrease of 16.13% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2021 was ¥235,155,763.40, a decrease of 16.1% compared to ¥280,369,114.77 in Q3 2020[22] - The total cash inflow from investment activities was ¥593,115,372.26, down 30.9% from ¥858,355,677.97 in the previous year[22] - The net cash flow from investment activities was -¥290,071,075.52, compared to -¥65,320,258.16 in Q3 2020, indicating a significant decline[22] - The cash inflow from financing activities totaled ¥739,180,262.03, a decrease of 19.5% from ¥917,951,451.37 in the same quarter last year[22] - The net cash flow from financing activities was -¥77,902,586.27, improving from -¥172,053,454.55 in Q3 2020[22] - The total cash and cash equivalents at the end of Q3 2021 were ¥124,313,330.90, down from ¥169,599,515.49 at the end of Q3 2020[22] Operating Costs and Expenses - The company’s operating costs increased by 18.07% to ¥2,606,190,071.43 for the year-to-date[7] - Total operating costs amounted to CNY 3,028,128,239.12, up from CNY 2,562,193,992.30, reflecting a year-over-year increase of 18.2%[16] - The company’s management expenses rose by 38.06% to ¥113,933,187.46, attributed to optimizing production capacity[7] - Research and development expenses increased to CNY 21,237,588.65, compared to CNY 17,060,008.77, marking a rise of 24.4%[16] Investments - The company made a long-term equity investment of ¥8,302,732.54 in Henan Yuangu Food Management Co., acquiring a 24% stake[6] - The company has ongoing investments in fixed assets, with a reported value of CNY 1,894,792,577.94, slightly up from CNY 1,864,715,809.46[14] Other Income and Subsidies - The company received government subsidies totaling ¥9,837,839.64 in Q3 2021, contributing to a 141.45% increase in other income[7] Shareholder Information - The company held 6,155,719 shares in its repurchase account, representing 1.83% of the total share capital as of the report date[11] - The company is controlled by Hunan Ke Ming Food Group Co., Ltd., with Chen Ke Ming as the actual controller[11] Audit and Standards - The company did not undergo an audit for the Q3 report[23] - The company adopted new leasing standards starting in 2021, but it did not apply to the current financial statements[23]