龙大美食(002726) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was ¥6,508,790,797.10, reflecting a growth of 36.26% year-on-year[8] - Net profit attributable to shareholders was ¥309,927,898.44, a significant increase of 433.50% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥307,218,411.50, up 478.02% year-on-year[8] - Basic earnings per share were ¥0.31, representing a growth of 287.50% compared to the same period last year[8] - The weighted average return on equity was 11.26%, an increase of 8.62% compared to the previous year[8] - Net cash flow from operating activities was ¥419,739,221.40, up 285.36% year-on-year[8] - Total operating revenue for the third quarter reached CNY 6,508,790,797.10, an increase of 36.3% compared to CNY 4,776,611,781.19 in the same period last year[91] - Net profit for the period was CNY 343,687,336.28, compared to CNY 70,945,663.80 in the previous year, representing a significant increase of 384.5%[97] - The company's total operating revenue for the current period reached ¥2,109,348,951.21, a 34.5% increase from ¥1,567,758,936.58 in the previous period[101] - Net profit for the current period was ¥47,819,934.32, compared to ¥32,162,818.34 in the previous period, representing a 48.5% growth[105] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,415,767,385.64, an increase of 33.20% compared to the same period last year[8] - Total current assets reached CNY 6,539,332,160.58, an increase from CNY 4,798,139,763.92 year-over-year, representing a growth of approximately 36.4%[74] - Total liabilities rose to CNY 5,073,641,519.40, compared to CNY 3,754,810,419.00, which is an increase of approximately 35.0%[80] - The company's equity attributable to shareholders reached CNY 3,087,813,996.92, up from CNY 2,322,221,294.30, representing a growth of about 32.9%[82] - The company’s total liabilities increased significantly, with bonds payable rising by ¥767,520,961.61, a growth rate of 100%, due to the issuance of convertible bonds[20] Shareholder Information - The company reported a total of 39,697 shareholders at the end of the reporting period[12] - The largest shareholder, Lanyun Development Holding Group Co., Ltd., held 29.44% of the shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[16] Cash Flow - As of the end of the reporting period, cash and cash equivalents increased by ¥1,459,457,414.74, a growth rate of 203.37%, primarily due to the issuance of convertible bonds amounting to ¥950 million[20] - Cash flow from financing activities generated a net inflow of ¥946,751,990.74, up from ¥172,275,769.78 in the previous period, representing a substantial increase of approximately 449.5%[135] - The company reported a net increase in cash and cash equivalents of ¥442,466,287.26, contrasting with a decrease of -¥469,635,981.53 in the prior period[135] Investments and Subsidiaries - The company has established a wholly-owned subsidiary in Qingdao, named Qingdao Longda Management Consulting Co., Ltd., to support its operational development[50] - A wholly-owned subsidiary, Laiyang Longda Breeding Co., Ltd., was established in Laiyang to expand the company's breeding operations[50] - The company completed the investment of RMB 450.1831 million in the pig breeding project, achieving the planned construction goals[61] - The company acquired 100% equity of Tongliao Jinqiu Food Co., Ltd., making it a wholly-owned subsidiary after completing the industrial and commercial registration[54] - A joint venture was established with Shanghai Xinong Technology Co., Ltd., with a total investment of RMB 20 million, resulting in the formation of Jiangsu Longda Qinnong Food Co., Ltd.[55] Research and Development - Research and development expenses were CNY 893,328.15, a decrease from CNY 1,171,336.79, indicating a reduction of 23.7%[94] - Research and development expenses were reported at ¥10,789.48, a decrease from ¥959,355.38 in the previous period, indicating a shift in investment strategy[101] - Research and development expenses decreased to CNY 691,872.48 from CNY 2,285,996.82, indicating a reduction of 69.8%[119] Financial Management - Financial expenses increased by ¥9,159,372.42, a growth rate of 127.96%, primarily due to expanded bank financing and increased interest expenses[22] - Financial expenses rose to ¥48,973,492.02 from ¥37,869,991.51, primarily due to increased interest expenses[111] - The financial expenses increased to CNY 19,636,624.77 from CNY 7,092,202.66, reflecting an increase of 176.5%[119] Market Expansion and Strategy - The company is committed to expanding its market presence through strategic investments and new subsidiary establishments[50] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[96] - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings[106]