*ST佳沃(300268) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 1.21 billion, representing a 214.16% increase year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 45.42 million, a decrease of 625.66% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 53.13 million, a decrease of 717.93% year-on-year[8] - The weighted average return on net assets was -26.01%, down from -23.13% in the previous year[8] - The company reported a net cash flow from operating activities of CNY -27.21 million, an improvement of 89.72% compared to the previous year[8] - Total operating revenue for Q3 2019 was CNY 1,211,768,411.62, a significant increase from CNY 385,710,995.20 in the same period last year, representing a growth of approximately 213%[43] - The net loss for Q3 2019 was CNY 52,974,262.78, worsening from a net loss of CNY 7,812,732.23 in Q3 2018[44] - The comprehensive income totalled a loss of ¥34,246,950.04, compared to a loss of ¥3,141,363.99 in the previous year[53] Assets and Liabilities - Total assets reached CNY 11.72 billion, an increase of 864.79% compared to the previous year[8] - The company's current assets reached CNY 4.12 billion, compared to CNY 996.87 million at the end of 2018, indicating a growth of approximately 313%[34] - Total liabilities increased to CNY 10.90 billion from CNY 823.35 million, marking a rise of approximately 1,324%[36] - The company's short-term borrowings rose to CNY 734.16 million, compared to CNY 356.76 million, representing an increase of about 106%[35] - Long-term borrowings increased by 4,471.23% compared to the beginning of the period, resulting from new acquisition loans related to the major asset restructuring[17] - Total liabilities as of Q3 2019 were CNY 2,756,543,544.89, compared to CNY 287,814,410.15 in the previous year, reflecting a substantial increase[41] Cash Flow and Investments - Cash received from operating activities increased by 660.10% year-on-year, primarily due to an increase in receivables[20] - Cash paid for purchasing goods and services rose by 127.64% year-on-year, attributed to the completion of the major asset restructuring[20] - Cash paid to employees increased by 174.24% year-on-year, mainly due to the addition of new subsidiaries and their associated labor costs[20] - The total cash inflow from operating activities was CNY 3,280,812,934.42, compared to CNY 1,223,713,501.56 in the previous period, indicating a significant increase[59] - The cash outflow from investing activities totaled CNY 6,185,209,672.07, compared to CNY 3,873,354.66 in the previous period, reflecting increased investment activity[61] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,413[12] - The largest shareholder, Jiawo Group Co., Ltd., held 29.90% of the shares, amounting to 40,065,919 shares[12] - The company plans to issue non-public A-shares as part of its financing strategy, with relevant proposals approved by the board and shareholders[24] Major Transactions and Restructuring - The company completed a major asset acquisition of Australis Seafoods S.A., acquiring approximately 99.838% of the target company's shares[22] - The company completed the necessary regulatory approvals for the major asset purchase, including antitrust reviews in the U.S., Chile, Brazil, and Russia[21] - The company established a wholly-owned subsidiary, Jiahua (Shanghai) Food Co., Ltd., to support business expansion[20] Operational Metrics - Cash and cash equivalents increased by 222.85% compared to the beginning of the period, mainly due to the completion of the major asset restructuring delivery process[17] - Accounts receivable increased by 138.03% compared to the beginning of the period, attributed to the expanded consolidation scope from the major asset restructuring[17] - Inventory increased by 437.00% compared to the beginning of the period, mainly due to the inclusion of biological assets from the major asset restructuring[17] - Sales revenue from goods and services increased by 151.10% year-on-year, attributed to the expanded consolidation scope from the major asset restructuring[18] Financial Expenses and Earnings - The company reported a financial expense of CNY 99,230,472.12 in Q3 2019, significantly higher than CNY 15,775,250.87 in the same quarter last year[43] - Basic and diluted earnings per share for Q3 2019 were both -0.3389, compared to -0.0467 in Q3 2018, indicating a deterioration in earnings performance[45] - The company incurred financial expenses of ¥135,935,924.33, significantly higher than ¥36,089,458.69 in the previous period, indicating an increase of approximately 276.5%[50]