Haixin Foods (SZ:002702)2022-10-20 16:00Revenue and Profitability - The company's revenue for Q3 2022 was CNY 404,286,977.34, representing a 2.68% increase year-over-year[4] - Net profit attributable to shareholders reached CNY 32,760,651.96, a significant increase of 593.65% compared to the same period last year[4] - The basic earnings per share (EPS) was CNY 0.0681, reflecting a 593.48% increase year-over-year[4] - The net profit for Q3 2022 was CNY 55,492,155.16, a significant recovery from a net loss of CNY 32,195,413.09 in the same period last year, marking a turnaround of over 271%[17] - Operating profit reached CNY 70,643,453.83, compared to an operating loss of CNY 27,676,675.36 in Q3 2021, indicating a substantial improvement[17] - The total profit for the period was CNY 72,039,405.81, reversing from a loss of CNY 26,180,805.19 year-over-year[17] - The company reported a basic and diluted earnings per share of CNY 0.1114, compared to a loss per share of CNY 0.0638 in Q3 2021[18] - The total revenue from sales of goods and services was CNY 1,264,925,486.00, slightly down from CNY 1,276,985,642.54 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,615,036,189.78, an increase of 8.55% from the end of the previous year[4] - The company’s total liabilities increased by 218.84% due to new long-term loans amounting to CNY 169,163,782.96[7] - Total assets increased to ¥1,615,036,189.78 from ¥1,487,872,947.81, representing a growth of about 8.6%[13] - Total liabilities rose to ¥758,250,215.53 from ¥689,493,771.25, an increase of approximately 10%[14] - The equity attributable to shareholders increased to ¥836,290,065.76 from ¥779,821,613.12, reflecting a growth of about 7.2%[14] Cash Flow - Cash flow from operating activities showed a net inflow of CNY 123,307,527.09, a 262.73% increase compared to the same period last year[8] - Cash flow from operating activities generated a net inflow of CNY 123,307,527.09, a recovery from a negative cash flow of CNY 75,775,070.94 in the previous year[19] - The company’s cash and cash equivalents increased by 1043.26% to CNY 62,291,108.62, driven by improved cash flow management[8] - The cash and cash equivalents at the end of the period increased to CNY 152,194,364.32, up from CNY 95,022,274.99 at the end of Q3 2021[20] - The cash and cash equivalents increased to ¥176,647,364.36 from ¥116,383,205.74, reflecting a growth of approximately 51.8%[12] Investment and Expenses - Investment income decreased by 399.56% to a loss of CNY 3,457,700.48, primarily due to reduced net profits from associated companies[8] - The company reported a research and development expense of ¥12,205,346.94, slightly up from ¥11,966,196.90 in the previous period, indicating a focus on innovation[16] - The company incurred an investment loss of CNY 3,457,700.48, which was an increase from a loss of CNY 692,155.91 in the same quarter last year[17] - The company reported a significant increase in asset disposal gains of CNY 32,929,614.91, compared to a loss of CNY 266,510.21 in the previous year[8] Operating Performance - The total operating costs decreased to ¥1,056,898,809.25 from ¥1,114,346,072.18, indicating a reduction of about 5.2%[16] - The operating income was reported at ¥1,094,697,583.51, consistent with the total revenue figure, as there were no other income sources listed[16] - Accounts receivable decreased to ¥165,667,125.09 from ¥196,853,843.41, a decline of about 15.8%[12] - Inventory levels decreased to ¥324,642,612.69 from ¥371,491,911.41, indicating a reduction of approximately 12.6%[12] Return on Equity - The company’s weighted average return on equity (ROE) was 4.01% for the reporting period, down from 4.83% at the end of the previous year[4]