嘉美包装(002969) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was ¥721,316,629.58, representing a decrease of 15.28% compared to the same period last year[5] - The net profit attributable to shareholders was ¥5,179,230.51, down 75.91% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥1,635,228.81, a decrease of 92.07%[5] - The basic earnings per share for Q3 2022 was ¥0.0054, reflecting a decline of 76.11% compared to the previous year[5] - Total operating revenue for Q3 2022 was ¥2,047,207,721.34, a decrease of 10.19% compared to ¥2,280,122,365.13 in Q3 2021[25] - Net profit for Q3 2022 was ¥775,645.47, a significant decline of 99.18% from ¥94,655,201.52 in Q3 2021[26] - The company's total equity as of Q3 2022 was ¥2,355,907,636.34, slightly down from ¥2,358,236,707.49 in Q3 2021[23] - The basic earnings per share for Q3 2022 was ¥0.0008, a decrease of 99.19% compared to ¥0.0986 in Q3 2021[27] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥170,068,560.03, down 16.71% compared to the same period last year[14] - Cash flow from operating activities for Q3 2022 was ¥2,147,364,023.80, compared to ¥2,522,643,567.61 in the previous year, indicating a decrease of 14.89%[28] - The ending balance of cash and cash equivalents was ¥168,655,377.31, a decrease from ¥567,700,714.49 at the end of Q3 2021, indicating a decline of approximately 70.3%[30] - Total current assets decreased from approximately CNY 2.31 billion at the beginning of the year to CNY 2.00 billion by September 30, 2022[21] - Cash and cash equivalents decreased from approximately CNY 795.86 million to CNY 621.79 million during the same period[20] - The company's total liabilities decreased to ¥2,232,893,357.76 in Q3 2022 from ¥2,314,966,917.37 in Q3 2021, a reduction of 3.55%[23] Investment and Expenses - Financial expenses increased by 45.81% to ¥38,861,373.96 due to rising convertible bond interest expenses[12] - Research and development expenses for Q3 2022 were ¥5,538,560.88, down from ¥6,156,860.39 in Q3 2021, a decrease of 10.06%[26] - The company reported a 51.46% increase in net cash outflow from investing activities, totaling -¥354,275,491.28, primarily due to increased long-term asset purchases[14] - Total cash inflow from investment activities was ¥867,322,160.86, while cash outflow was ¥1,221,597,652.14, resulting in a net cash flow from investment activities of -¥354,275,491.28[30] Operational Highlights - The company experienced a significant decline in sales volume due to COVID-19 restrictions, leading to a 10.22% decrease in revenue year-to-date[14] - The company's gross margin significantly decreased due to a substantial decline in product sales, leading to an approximate 107.48% year-over-year decrease in net profit after deducting non-recurring gains and losses[15] - The strategic development of the "full industry chain beverage service platform" has progressed steadily, with traditional plant protein and dairy beverage sectors showing stable growth in market share among existing customers[15] - New orders from leading brand clients in the functional beverage sector have been continuously scaled up, partially offsetting the decline in orders from traditional core customers[15] - The company achieved profitability in both net profit and net profit after deducting non-recurring gains and losses for the third quarter, with cumulative net profit also positive for the first three quarters[15] - The company has successfully launched innovative products such as paper easy-open cans and is on track with the planned capacity expansion for patented products ABC and SBC[15] Inventory and Liabilities - Inventory increased from approximately CNY 596.47 million to CNY 710.32 million, indicating a rise in stock levels[20] - Short-term borrowings rose from approximately CNY 134.48 million to CNY 244.75 million, reflecting increased financial leverage[21] - The total assets decreased from approximately CNY 4.67 billion to CNY 4.59 billion, indicating a slight contraction in the asset base[21] - The company's total liabilities to equity ratio improved to 0.95 in Q3 2022 from 0.98 in Q3 2021, indicating a slight strengthening of the capital structure[23]