龙大美食(002726) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 4,776,611,781.19, a 110.61% increase year-on-year[8] - Net profit attributable to shareholders was CNY 58,093,126.87, up 43.48% from the same period last year[8] - Basic earnings per share increased by 60.00% to CNY 0.08[8] - The weighted average return on net assets was 2.64%, an increase from 0.62%[8] - The total operating revenue for the current period reached ¥4,776,611,781.19, a significant increase of 110.8% compared to ¥2,267,953,194.51 in the previous period[69] - The net profit for the current period was ¥70,945,663.80, representing a 45.5% increase from ¥48,737,024.74 in the previous period[72] - The total operating income for the consolidated report reached ¥10,874,359,630.68, a 84.5% increase from ¥5,891,083,322.09 in the previous year[85] - The consolidated net profit for the current period was ¥193,683,807.16, an increase of 34.1% from ¥144,540,689.14 in the same period last year[88] Assets and Liabilities - Total assets increased by 47.34% to CNY 5,532,160,690.31 compared to the end of the previous year[8] - Total current assets increased to CNY 4,124,628,468.02 from CNY 2,507,924,368.77, representing a growth of approximately 64.5% year-over-year[52] - Total liabilities rose to CNY 3,079,875,862.53 from CNY 1,505,158,227.96, an increase of approximately 104.0%[55] - The company's equity attributable to shareholders increased to CNY 2,227,743,310.23 from CNY 2,107,862,999.08, a rise of approximately 5.7%[58] - The total assets reached ¥4,269,750,146.53, up from ¥2,845,032,620.05, indicating a growth of 50%[68] - The total liabilities increased to ¥2,421,885,785.74, up from ¥1,041,157,210.15, indicating a growth of 132.3%[68] Cash Flow - The net cash flow from operating activities was negative CNY 226,441,457.16, a decrease of 330.04% compared to the previous year[8] - Net cash flow from operating activities decreased by CNY 1,534,649,791.59, a reduction rate of 1254.58%, primarily due to increased inventory and prepayments[26] - The company reported a net cash outflow from operating activities of CNY -1,656,973,801.16, worsening from CNY -122,324,009.57 in the previous period[104] - Cash inflow from operating activities totaled 3,972,152,101.36, compared to 3,147,068,606.39 in the prior year, reflecting a year-over-year increase of approximately 26.3%[110] - The net cash flow from investing activities was -600,024,476.04, a significant decline from 7,348,468.89 in the previous period[110] - Cash inflow from financing activities was 785,061,914.90, compared to 540,500,000.00 in the previous period, marking an increase of about 45.2%[113] Inventory and Receivables - The company's cash and cash equivalents decreased by CNY 291,305,713.52, a reduction rate of 32.22% due to increased inventory levels[22] - Inventory increased by CNY 1,321,784,225.05, a growth rate of 142.51%, as the company increased its stock of frozen pork to mitigate price risks[22] - Accounts receivable notes decreased by CNY 3,200,000.00, a reduction rate of 100.00%, as there were no outstanding bank acceptance bills at the end of the period[22] - Prepayments increased by CNY 238,506,514.63, a growth rate of 72.02%, primarily due to increased raw material reserves[22] - Accounts receivable rose to CNY 323,302,481.78 from CNY 308,922,046.78, reflecting an increase of about 4.5%[49] Expenses - Operating costs increased by CNY 4,730,456,126.98, a growth rate of 86.37%, also due to the expansion of the trading segment[22] - Research and development expenses increased by CNY 989,498.45, a growth rate of 52.22%, reflecting the company's increased investment in product development[22] - Financial expenses increased by CNY 43,184,637.56, a growth rate of 812.56%, due to expanded bank financing and increased interest expenses[22] - The gross profit margin for the current period was approximately 6.5%, compared to 10.5% in the previous period, indicating a decline in profitability[69] - The company’s sales expenses for the consolidated report increased to ¥233,058,223.66, up 42.0% from ¥164,407,023.00 in the previous year[85] Shareholder Information - The company reported a total of 38,091 common shareholders at the end of the reporting period[12] - The largest shareholder, Blue Run Development Holding Group Co., Ltd., holds 29.92% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[19] - The company has completed the repurchase and cancellation of 394,400 shares of unvested restricted stock due to the departure of several incentive plan participants[35] Future Plans and Projects - The company plans to issue up to 9.5 billion yuan in convertible bonds, with 6.65 billion yuan allocated for a new pig farming project and 2.85 billion yuan for working capital[38] - The company has established a wholly-owned subsidiary for pig farming in Anqiu City, which has obtained its business license[38] - The company’s board of directors has approved the establishment of an industrial fund in collaboration with Shanghai Jiujin Asset Management Co., Ltd.[38]