海欣食品(002702) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 335,913,595.61, representing a year-on-year increase of 24.34%[7] - Net profit attributable to shareholders was CNY 5,370,539.10, down 67.12% year-on-year[7] - Basic earnings per share were CNY 0.0112, a decrease of 67.06% year-on-year[7] - The weighted average return on net assets was 0.67%, down 1.41% from the previous year[7] - Net profit attributable to the parent company decreased by 53.78% to ¥12,385,226.86 due to various comprehensive reasons[15] - The net profit for the current period was CNY 12,385,226.86, a significant decrease from CNY 26,794,915.35 in the previous period, reflecting a decline of about 53.8%[45] - The total profit for the current period was CNY 23,939,779, down from CNY 32,674,541.81 in the previous period, indicating a decrease of approximately 26.7%[44] - The company's operating profit for the current period was CNY 23,444,444.79, compared to CNY 32,283,834.53 in the previous period, showing a decline of around 27.3%[44] - The company reported a total comprehensive income of CNY 12,385,226.86 for the current period, compared to CNY 26,969,975.10 in the previous period, a decrease of about 54.1%[45] Cash Flow - Net cash flow from operating activities was -CNY 10,305,775.00, a decline of 256.36% compared to the same period last year[7] - Cash flow from operating activities turned negative at -¥49,151,656.74, a decrease of 253.29% compared to the previous period[15] - The cash flow from operating activities was CNY 887,138,829.08, an increase from CNY 751,019,748.98 in the previous period, representing a growth of approximately 18.1%[51] - The company incurred a total cash outflow of CNY 896,113,637.37 from operating activities, which is an increase from CNY 702,893,907.03 in the previous year, indicating a rise of about 27.5%[56] - Total cash outflow from operating activities was CNY 940,710,784.48, compared to CNY 751,555,220.50 in the same period last year, indicating a rise of about 25.1%[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,089,892,107.39, a decrease of 5.54% compared to the end of the previous year[7] - Total liabilities decreased to CNY 305,074,833.35 from CNY 341,254,339.50, a reduction of 10.6%[32] - Total assets decreased to CNY 1,037,110,790.20 from CNY 1,111,802,354.54, a decline of 6.7%[33] - The company's equity attributable to shareholders decreased to CNY 732,035,956.85 from CNY 770,548,015.04, a decrease of 5.0%[33] - Total liabilities reached CNY 349,479,835.80, with current liabilities at CNY 345,501,706.68 and non-current liabilities at CNY 3,978,129.12[62] - The total liabilities to equity ratio is approximately 0.43, suggesting a conservative leverage position[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,996[11] - The largest shareholder, Teng Yongxiong, holds 18.67% of the shares, amounting to 89,760,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Investment Activities - Investment activities generated a net cash flow of ¥66,671,210.57, an increase of 344.00% due to the maturity of structured deposits[15] - Cash inflow from investment activities totaled CNY 593,670,193.71, slightly down from CNY 617,134,134.39 year-over-year[53] - Cash outflow from investment activities was CNY 526,998,983.14, down from CNY 644,458,165.48 in the previous year, showing a decrease of approximately 18.3%[53] - Net cash flow from investment activities was CNY 66,671,210.57, a significant improvement from CNY -27,324,031.09 in the previous year[53] Expenses - The company reported a 96.52% increase in income tax expenses to ¥11,554,552.14 due to improved profits from subsidiaries[15] - Research and development expenses for Q3 2019 were CNY 3,408,459.86, down 25.7% from CNY 4,585,421.22 in Q3 2018[35] - The research and development expenses for the third quarter were CNY 921,659.51, down from CNY 1,453,748.27 in the previous year, a decrease of about 36.5%[39] - Research and development expenses amounted to CNY 2,638,670.24, a decrease from CNY 3,382,396.13 in the previous period, reflecting a reduction of about 21.9%[48] Other Financial Metrics - Non-recurring gains and losses totaled CNY 3,632,771.25 for the year-to-date[8] - The company incurred a credit impairment loss of CNY -1,223,832.00 during the quarter[39] - The company incurred a credit impairment loss of CNY 4,680,783.69 during the current period[44] - The total assets impairment loss recorded was CNY 1,314,426.03 for the current period[44] Inventory and Receivables - Inventory increased to CNY 103,733,997.76 from CNY 89,625,078.34, showing a rise of 15.7%[30] - Accounts receivable decreased to CNY 158,743,885.83 from CNY 192,789,696.64, a decline of 17.6%[30] - Other receivables increased by 75.38% to ¥6,922,345.45 due to temporary advances and acquisition-related deposits[15] - Other current assets rose by 51.27% to ¥5,311,286.71 due to increased marketing expenses[15] Compliance and Standards - The company has not audited its third-quarter report[67] - The company implemented new financial instrument standards from January 1, 2019, affecting prior financial data[66]