Haixin Foods (SZ:002702)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥393,723,360.04, a decrease of 1.35% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥6,636,361.91, representing a decline of 128.39% year-on-year[3]. - The basic earnings per share were -¥0.0138, down 128.40% year-on-year[3]. - The company reported a net loss of ¥32,195,413.09, compared to a net profit of ¥65,817,535.20 in the same period last year, indicating a substantial decline in profitability[17]. - The gross profit margin decreased, leading to an operating profit of -¥27,676,675.36, down from ¥86,243,356.47 in the previous period[17]. - Basic and diluted earnings per share were both reported at -0.0638, a significant drop from 0.1372 in the previous period[18]. Cash Flow - The net cash flow from operating activities was -¥75,775,070.94, a significant decrease of 201.09% compared to the previous year[3]. - Cash flow from operating activities increased to ¥1,340,045,128.14, compared to ¥1,105,434,886.83 in the previous period, reflecting improved cash generation[19]. - The total cash inflow from investment activities was 252,036,210.21 CNY, down from 420,914,739.02 CNY in the same period last year, resulting in a net cash flow from investment activities of 11,659,962.88 CNY[21]. - The cash inflow from financing activities increased to 135,732,334.40 CNY, compared to 52,340,000.00 CNY in Q3 2020, leading to a net cash flow from financing activities of 57,585,564.83 CNY[21]. - In Q3 2021, the net cash flow from operating activities was -75,775,070.94 CNY, a significant decrease compared to 74,957,374.99 CNY in Q3 2020[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,348,677,628.59, a slight decrease of 0.32% from the end of the previous year[3]. - Total current assets as of September 30, 2021, amount to 675,816,777.00 RMB, a decrease from 834,772,112.87 RMB at the end of 2020[14]. - Total liabilities as of September 30, 2021, are 543,958,863.38 RMB, compared to 511,799,370.61 RMB at the end of 2020[15]. - The company's total liabilities increased to 529,999,821.02 CNY from 511,799,370.61 CNY, indicating a rise in financial obligations[25]. - The total assets as of September 30, 2021, are 1,348,677,628.59 RMB, slightly down from 1,352,942,852.64 RMB at the end of 2020[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 47,414[10]. - The largest shareholder, Teng Yongxiong, holds 18.67% of shares, amounting to 89,760,000 shares, with 24,279,999 shares pledged[10]. - The company reported a total equity of 841,143,482.03 CNY, unchanged from the previous reporting period[25]. Expenses - Financial expenses increased by 380.17% to ¥1,191,105.31, primarily due to higher leasing and borrowing interest[8]. - The company experienced a significant increase in sales expenses, which rose to ¥134,566,467.02 from ¥108,051,918.46 in the previous period, reflecting higher marketing efforts[16]. - Research and development expenses were reported at ¥11,966,196.90, a marginal increase from ¥11,066,107.75 in the previous period, indicating continued investment in innovation[16]. Investment Activities - The company reported an investment loss of ¥692,155.91, contrasting with a gain of ¥4,648,101.74 in the previous period, highlighting challenges in investment performance[16]. - The cash outflow for investment activities was 240,376,247.33 CNY, significantly lower than 529,947,484.68 CNY in Q3 2020[21]. Other Information - The company implemented a new leasing standard starting January 1, 2021, which resulted in adjustments to the financial statements[22]. - The company did not conduct an audit for the Q3 report, which may affect the reliability of the financial data presented[26].