桂发祥(002820) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥104,664,671.90, a decrease of 7.88% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥7,075,701.94, down 76.09% year-on-year[2] - The net profit excluding non-recurring gains and losses for the same period was ¥6,714,035.52, a decrease of 60.60% compared to last year[2] - The basic earnings per share for Q3 2021 was ¥0.04, down 73.33% year-on-year[2] - Total operating revenue for the third quarter was CNY 329,174,255.61, an increase of 25.2% compared to CNY 262,621,507.44 in the same period last year[17] - Net profit for the period reached CNY 28,786,393.24, representing a 16.5% increase from CNY 24,653,933.52 in the previous year[18] - The total comprehensive income for the period reached CNY 28,796,371.14, an increase from CNY 24,650,886.49 in the previous period, reflecting a growth of approximately 16.4%[22] - Basic and diluted earnings per share improved to CNY 0.14, up from CNY 0.12, indicating a growth of 16.67%[22] Cash Flow and Assets - Year-to-date operating cash flow net amount reached ¥75,766,482.22, an increase of 111.38% compared to the same period last year[6] - Cash flow from operating activities generated CNY 75,766,482.22, compared to CNY 35,844,106.80 in the previous period, representing a significant increase of 111.5%[22] - Cash inflow from operating activities totaled CNY 372,291,290.43, compared to CNY 296,528,160.09 in the previous period, marking an increase of 25.5%[22] - The total assets at the end of the reporting period were ¥1,172,573,065.00, an increase of 6.13% from the end of the previous year[2] - Current assets totaled CNY 770,640,782.15, slightly up from CNY 766,589,284.09 at the end of 2020[13] - Non-current assets increased to CNY 401,932,282.85 from CNY 338,222,833.24, marking an increase of 18.8%[14] - Total liabilities were CNY 111,519,530.22, significantly higher than CNY 42,424,709.44 in the previous year[15] - Total equity reached CNY 1,062,387,407.89, remaining stable compared to the previous period[27] Operating Costs and Challenges - The company faced challenges in Q3 2021 due to recurring COVID-19 outbreaks, leading to decreased liquidity and lower operating revenue compared to Q3 2020[6] - The increase in operating costs was driven by higher prices for raw materials and packaging, resulting in a decline in gross margin[6] - The company reported a decrease in research and development expenses to CNY 3,660,092.78 from CNY 4,097,425.03, a reduction of 10.7%[18] Shareholder Information - The largest shareholder, Tianjin Guifaxiang Food Group Co., Ltd., holds 32.35% of the shares, totaling 66,258,514 shares[9] - The second largest shareholder, Shanghai Yongjin Investment Management Co., Ltd., holds 5.00% of the shares, totaling 10,239,900 shares[9] - The company reported a significant reduction in the number of shareholders holding more than 5% of shares, with two major shareholders reducing their stakes[11] - The total number of shareholders is not disclosed, but the top ten shareholders account for a significant portion of the company's equity[9] - The company has not engaged in any financing or securities lending activities among its top ten shareholders[10] - The report indicates that there are no known relationships or concerted actions among the other shareholders[10] Corporate Structure and Management - The company has undergone a change in its corporate structure, transitioning from a joint venture to a publicly listed company[11] - The company has appointed new senior management and restructured its board of directors as of September 1, 2021[11] - The company has made amendments to its articles of association and shareholder meeting rules following the changes in its corporate structure[11] - The company adopted new leasing standards starting January 1, 2021, adjusting retained earnings and related financial statement items accordingly[28] Other Information - The company opened multiple new direct-operated stores in Q3 2021, which increased related operating expenses[6] - The third quarter report was not audited, which may affect the reliability of the financial data presented[29] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]