*ST佳沃(300268) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥1,290,656,720.68, representing a year-on-year increase of 6.51%[7] - Net profit attributable to shareholders was -¥195,129,226.49, a decrease of 329.64% compared to the same period last year[7] - Basic earnings per share were -¥1.4562, reflecting a decline of 329.64% compared to the previous year[7] - The company reported a net profit attributable to shareholders of -¥454,937,512.92 for the year-to-date, a decline of 514.03% compared to the same period last year[7] - The net profit for the reporting period decreased by 512.57% year-on-year, mainly due to the impact of the COVID-19 pandemic on operational performance [20] - The net loss for the quarter was CNY 235,893,498.93, compared to a net loss of CNY 52,974,262.78 in the same period last year[41] - The net loss for the period was a loss of ¥78,662,358.48, compared to a loss of ¥38,269,544.04 in the same period last year[54] - The company reported a significant increase in financial expenses, totaling CNY 106,734,338.11, up from CNY 99,230,472.12[40] - Financial expenses surged to ¥258,743,388.75, compared to ¥135,935,924.33 in the previous year, primarily driven by increased interest expenses[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,677,302,461.06, an increase of 0.32% compared to the previous year[7] - The company's current assets decreased to CNY 3,870,327,476.13 from CNY 3,984,236,458.12, reflecting a decline of approximately 2.86%[30][32] - The total liabilities increased to CNY 11,356,081,545.16 from CNY 10,922,416,159.99, representing an increase of about 4.00%[32][34] - The company's total equity decreased to CNY 321,220,915.90 from CNY 717,927,566.18, indicating a significant decline of approximately 55.32%[34] - The total assets increased to CNY 2,955,526,882.21 from CNY 2,830,407,736.05[37] - Total liabilities rose to CNY 2,703,179,926.98 from CNY 2,699,398,422.34[37] - The company's total equity increased to CNY 252,346,955.23 from CNY 131,009,313.71[37] Cash Flow - The net cash flow from operating activities was ¥64,477,524.49, an increase of 253.74% year-on-year[7] - The net cash flow from operating activities increased by 169.99% year-on-year, significantly boosted by the consolidation of Australis Seafoods S.A. [20] - Cash flow from operating activities generated a net inflow of ¥19,041,894.77, a recovery from a net outflow of ¥27,208,073.36 in the previous year[57] - The net cash flow from operating activities for the current period was -10,833,131.03 yuan, an improvement from -231,061,891.25 yuan in the previous period[59] - The total cash inflow from financing activities was ¥1,597,807,217.77, down from ¥7,961,169,028.75 in the previous period[58] - The net cash flow from financing activities was 389,150.18 yuan, a significant decrease from 2,382,453,972.52 yuan in the previous period[61] Shareholder Information - The company had a total of 8,153 common shareholders at the end of the reporting period[11] - The largest shareholder, Jiawo Group Co., Ltd., held 29.90% of the shares, amounting to 40,065,919 shares[11] Impact of COVID-19 - The company anticipates significant uncertainty in its 2020 annual operating performance due to the impact of the COVID-19 pandemic on the salmon market [23] - The company reported a 477.84% year-on-year increase in credit impairment losses, primarily due to the pandemic's effects on its subsidiary [19] Other Financial Metrics - The weighted average return on net assets was -368.55%, a decrease of 342.54% year-on-year[7] - The company reported non-recurring gains and losses totaling ¥6,073,686.26 for the year-to-date[8] - The company's financial expenses increased by 90.34% year-on-year, influenced by the consolidation of Australis Seafoods S.A. and previous major asset restructuring [18] - The company issued 200 million yuan of perpetual bonds in June 2020, leading to a 100% increase in other equity instruments [18] - The company is in the process of issuing shares to specific investors, with approvals received from regulatory bodies [21] - The company adjusted its financial statements to comply with new revenue and leasing standards, impacting the balance sheet[62]